Real Estate News Update for July 25
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Regulatory
The proposal also seeks to introduce a comprehensive legislative framework to govern the management of specific types of property that become vested in state govt.
Kerala
The new rate would reduce the permit fee by at least 50 per cent for houses with an area from 81 square metres to 300 square metres, Local Self-Government Department (LSGD) Minister M B Rajesh said here.
Regulatory
The Bihar Lift and Escalator Bill, 2024 was tabled in the House by Energy Minister Bijendra Prasad Yadav and was passed by voice vote after the opposition staged a walkout.
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Industry
Its total income increased to Rs 206.70 crore during the April-June period of this fiscal year from Rs 110.05 crore in the corresponding period of the preceding financial year, according to a regulatory filing.
Industry
The LTCG (long-term capital gains) has been reduced from 20 per cent with indexation benefit to 12.5 per cent without indexation for the real estate sector.
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