Real Estate News Update for July 27

Welcome to the latest edition of?ETRealty's daily newsletter,?RealtyDigest! Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate. Subscribe and Stay Tuned for daily updates!

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Residential

Rent, home loan claims to come under Income-tax lens

With increased use of artificial intelligence for analysis, the income tax department has started asking taxpayers about suspect deductions claimed for house rent and housing loan interest.

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Industry

Maharashtra government says no stamp duty on redeveloped housing society apartments

The government of Maharashtra has stated that a member of a housing society that undergoes redevelopment need not pay stamp duty on the allotted permanent accommodation as part of the project.

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Industry

Haryana TCP department acts tough, bars IDC defaulters from new projects

The Haryana town and country planning department has put 300 colonizers on notice while barring them from floating new projects as well as giving extension to their existing projects on account of default of clearing arrears of infrastructure development charges (IDC) pending against them.

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Exclusive - Housing Finance

Delhi HC directs 4B Networks to not sell or transfer its assets

Delhi High Court has inter-alia directed 4B Networks to not sell, transfer, alienate, encumber or otherwise create any third- party rights or interest directly or indirectly in the assets and properties of 4B Networks (whether tangible or intangible, Info Edge (India) informed in a BSE filing.

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Industry

Embassy Office Parks REIT's net profit up 30.87% in Q1 FY24

Embassy Office Parks REIT has reported a growth of 30.87 per cent in its net consolidated profit during the quarter ended June 30, 2023. Its profit after tax stood at Rs 2,340.38 million in Q1 FY24 as against Rs 1,788.38 million crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

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Industry

Suraj Estate Developers refiles draft papers for Rs 400-crore IPO

Real estate player Suraj Estate Developers has filed fresh preliminary papers with capital markets regulator Sebi to raise Rs 400 crore through an initial public offering (IPO). Before this, the Mumbai-based realty film filed its draft IPO papers in March 2022.

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Popular Among Readers:

DDA launches housing scheme for 5,500 flats on first-come, first serve-basis

Shivalik Group achieves Rs 300 crore sales in GIFT City residential project within 15 days

Flat agreement price & stamp duty difference can't be taxed: ITAT

Enforcement directorate arrests Supertech's chairman in money-laundering case

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