Real Estate News Update for October 4
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In a big relief to the real estate sector, the Supreme Court on Thursday allowed the industry to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes.
Homebuyers linked to New Era Flat Owners Association (NEFOWA) have opposed a proposal by YEIDA and GNIDA making it mandatory to pay the entire stamp duty while booking a flat.
Rajasthan high court on Wednesday directed the state govt, development authorities and urban bodies to ensure that no developer or builder is allowed to sell such properties without adhering to construction regulations.
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Institutional investments in real estate grew 45 per cent to nearly USD 1.15 billion in July-September with investors looking to encash the strong demand for premium homes and offices, according to Colliers
Yamuna Expressway Authority has formed a committee to investigate allegations involving senior officials, including an officer on special duty (OSD), for allegedly issuing completion certificates to 10 kiosk owners who were yet to initiate any construction.
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