According to a 19 November report by Crisil, new home sales in MMR in October were 1.3 times higher compared to January after the Maharashtra government reduced stamp duty from 5% to 2% till December and to 3% for the January-March period. While the housing sector in the Mumbai Metropolitan Region (MMR) witnessed a pick […]
Monthly Archives: November 2020
24
Nov
Nov
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), in its recent order, has clarified that when a taxpayer sells two residential properties and re-invests in one residential house, he or she is entitled to tax benefit under section 54. This ruling will be very helpful to several individuals. With work from home here […]
23
Nov
Nov
After a delay of three years, the state is finally set to implement a unified development control rules policy for all municipal corporations, councils and nagar panchayats in Maharashtra, excluding Mumbai and a few surrounding areas. The standardised rules will leave little scope for misinterpretation by local town planning officials, said. Thane, Navi Mumbai, Pune, […]
19
Nov
Nov
State extends new concessions through draft notifications proposing changes in development control regulations. The state government on Wednesday extended fresh floor space index incentives to developers to boost cluster development, which later could also include slum development. The incentives have been introduced through draft notifications proposing changes in development control regulations for old and dilapidated […]
13
Nov
Nov
Over 110 mn sq. ft. Grade A warehousing stock in India, 3PL & e-commerce the largest warehousing occupiers, and 75,000 acres industrial areas coming up across India High-intensity focus on making India a global manufacturing hub has caused warehousing clusters to expand rapidly beyond the top cities and into tier 2 and 3 cities, reveals […]