Daily interesting real estate news

No GST on residential premises if rented out for personal use: Government

The government on Friday said GST will not be applicable on residential units if they are rented out to private persons for personal use.The government dismissed media reports which claimed that there is an 18 per cent Goods and Services Tax (GST) on house rent paid by tenants.

Supreme Court rules in favour of ARCIL in Tulip Star Hotels bankruptcy case.

The Supreme Court has set aside the ruling of the National Company Law Appellate Tribunal (NCLAT) rejecting Asset Reconstruction Co (India) Ltd’s claim in Tulip Star Hotels’ insolvency case.

Residents of 14 villages in Sandur get land records for their property

BALLARI: It is only befitting that residents of 14 villages in Sandur, Ballari district get their land records on the occasion of India’s 76th Independence Day. ​The residents of the villages of the erstwhile princely state of Sandur have been waiting to get these records, validating their claim to the property, and the fact that this event is taking place on Independence Day makes it more special.

Mumbai: East Indians seek extra FSI to house growing families in gaothans

MUMBAI: East Indian families that reside in the city’s over 150 gaothans have be fighting to save their pristine hamlets from land sharks for years. ``Families are growing in gaothans.the Bombay East Indian Association and Watchdog Foundation moved the high court to fight for the rights of the residents and preserve the gaothans.

Nagpur: Consumer court asks builder to pay Rs 40,000 for contempt.

Holding Rewati Associates and Infrastructure Limited’s director Suhas More guilty of contempt, a bench comprising president Sanjay Patle and members Smita Chandekar and Avinash Prabhune warned the builder of putting him in jail for three months if he failed to pay the amount to the 65-year-old complainant woman.

Sebi to auction properties of Golden Life Agro India on September 8

Sebi on Friday said it will auction two properties of Golden Life Agro India Ltd on September 8 to recover money that was illegally raised by the company from the public. The two properties put on the block are a plot and a double storied building located in West Bengal.Total reserve price of these properties is pegged at Rs 8 crore, the Securities and Exchange Board of India (Sebi) said in a notice.

Thiruvananthapuram corporation failed to furnish data on illegal buildings: Audit

THIRUVANANTHAPURAM: While the budget documents of the city corporation had indicated a phenomenal increase in revenue through regularization of unauthorized constructions, the latest audit report remains doubtful.The audit report for 2020-21 prepared by the local fund audit department has noted that the officials could not crosscheck details regarding unauthorized constructions as the corporation did not make it available.