Monthly Archives: April 2021

Property registrations in Mumbai rose 114% during stamp duty cut period – ET Realty Ever since the expiry of the stamp duty cut period from 1st April onwards, there has been a marked drop in property registration numbers. Led by the stamp duty reduction benefit, real estate registrations in Mumbai, the country’s largest property market, witnessed a 114% […]

Covid’s second wave unlikely to materially impact large construction companies – ET Realty Nevertheless, projects which are located within the urban areas such as metro-rail projects, building construction etc. are likely to feel a greater impact due to localised restrictions and reverse migration of labour. NEW DELHI: In ICRA’s assessment, while the ongoing second wave of covid-19 could […]

Jaypee insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders – ET Realty Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency process, as per the direction of the Supreme Court. According to sources, a meeting of committee of creditors (CoC) […]

MahaRERA directs L&T Parel Project to hand over flat in one month to buyers – ET Realty Possession was to be handed over by February 29, 2020. The complainants, represented by advocate Anand Kandoi, claimed that on March 9, 2020, the promoter issued only a fit-out possession letter. MUMBAI : MahaRERA has directed L&T Parel […]

Jaypee insolvency: Financial creditors to meet on Apr 29 to discuss NBCC, Suraksha bids – ET Realty In the last meeting of the CoC held on April 17, lenders asked NBCC and Suraksha group to improve their bid and offer more land parcels under the land-debt swap deal. NEW DELHI: Financial creditors of debt-ridden Jaypee Infratech will […]

LIC, ICICI, HDFC, SBI, other life insurers set to invest in InvITs, REITS – ET Realty Bonds issued by InvITs or REITs are likely to offer at least 100 basis points more than vanilla corporate bonds, fund managers said. InvITs or REITs are formed using a pool of assets that are bunched up in a […]

MahaRERA orders Jangid Constructions to refund home buyer’s Rs 1.1 crore | ET Realty The developer had failed to hand over possession of two flats in Thane’s Ghodbunder Road within the stipulated period. MUMBAI : Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Jangid Constructions to refund over Rs 1.1 crore with 10.4% interest plus stamp duty and […]

CSR spends can earn GST input tax credit: AAR | ET Realty This ruling, which distinguishes between goods given voluntarily as ‘gifts’ and those that are part of CSR activities, provides much relief to companies engaged in litigation on the issue of input tax credit, or ITC. MUMBAI: The UP bench of the Authority of Advance […]

Maharashtra: Slot-booking mandatory for property registration in April | ET Realty   The slot-booking process would ensure that each of the 519 registration offices in the state carry out a maximum of 25-30 registrations daily, indicating a sharp decline in the government’s revenue in the first month of the new financial year. PUNE : Citizens […]

MahaRERA orders Arihant Abode to refund home buyer’s money | ET Realty   MahaRera took note that while Preeti Singh had booked a flat at Arihant Aspire Phase I at Panvel in August 2014, the project is incomplete, and also its registration certificate mentions June 30, 2026 as date of completion. Observing that it is […]