PROPERTY DEFINITION
Facing parking space manipulation by the builder? MahaRERA empowers home buyers against the defaulting promoters
MahaRERA: Now flat buyers don't have to worry about parking space inside the flat, as MahaRERA has passed a order mandating parking space to be accurately communicated in both allotment letter and sale agreement. Read here to know more about the parking order by MahaRERA and how it will help you.
Holiday home demand tapers off as rentals fall
Goa is becoming a first-home market with interest from businessmen and startup founders. Luxury second homes are in demand, especially in locations like Porvorim. Coonoor Estates is developing high-end luxury homes for buyers looking to settle down.
Deep tech startup policy likely in forthcoming Budget
The new government may announce the full Budget for 2024-25 in July. An official said that startups have to convert their innovation into intellectual property rights and for that extensive R&D is required.
Deep tech startup policy likely in forthcoming Budget
The commerce and industry ministry may propose a dedicated policy for deep tech startups in the forthcoming Budget, to be announced by the new government. The policy, in final stages, aims to promote innovation and R&D. Voting for the Lok Sabha polls is over, with results on June 4 and a new government taking oath this month.
The Man Behind Bit-Con
Craig Steven Wright of nChain claimed to be Bitcoin's creator, Satoshi Nakamoto, facing legal disputes with the crypto industry over his assertion.
South India driving office property market recovery
Southern India, particularly Bengaluru, Hyderabad, and Chennai, is set to lead the recovery in India's office property market, with these cities accounting for 60% of the total space requirement by 2025. The tech sector and global capability centers are driving office leasing activities, with Bengaluru leading in demand. Experts anticipate a surge in demand from companies like QuessCorp, Morgan Stanley, Google, and Amazon in 2024.
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Muthoot FinCorp to rely less on flagship gold loans
Muthoot FinCorp aims to diversify from gold loans to 80% in 3 years, becoming a full-stack financial services provider. Plans include expanding branches, hiring, and offering new services to lower-middle income groups.
IL&FS seeks fresh MMRDA approval for transfer of HQ in Mumbai's BKC
IL&FS applies for MMRDA approval to transfer its BKC headquarters to Brookfield Asset Management. NCLT's transfer is pending, causing delays. Brookfield progresses towards property acquisition as IL&FS aims to manage debt through asset monetization efforts.
AAHOA is definition of 'American dream', says its youngest ever chairman
Miraj S Patel, AAHOA's youngest chairman, champions the American dream, aiming to enhance India investments and strategic partnerships in the travel and tourism sector. Patel emphasizes leveraging data and combating discrimination.
What type of gift is taxed and what is exempted? Arnav Pandya explains
Arnav Pandya explains income tax rules for gifts, highlighting exemptions for gifts from relatives like spouses, parents, and in-laws. Various types of gifts are taxable based on valuation and specific conditions, impacting both givers and receivers. Pandya says: "Any amount received from a relative, even if it is above 50,000 would not be taxed in the hands of the receiver ."
PSUs to continue decadal rally, buy every dip; top 5 power and realty stocks to bet on: CA Rudramurthy BV
CA Rudramurthy BV predicts Nifty to rise to 23,000-23,200 and Bank Nifty to 50,000 in April. He recommends buying on dips, especially emphasizing opportunities in public sector enterprises, power stocks, and specific companies in the real estate sector. He further says: " Trent is a buy on every dip or at any price and hold it in your portfolio."
CREDAI projects 7 crore additional housing demand by 2030
Real estate sector in India, projected to reach $5.17 trillion by 2047, drives GDP growth and per capita incomes. The sector plays a critical role in supporting the economy and achieving sustainable development through a facilitating eco-system.
Sensex, Nifty extend gains to 4th day, scale fresh record highs powered by energy stocks
From the Sensex pack, NTPC, Power Grid Corporation, Reliance Industries, and Bajaj Finserc were the top gainers, rising 1-4%. Axis Bank, Tech Mahindra, and ICICI Bank also closed in the green, while JSW Steel, M&M, Tata Steel, and UltraTech Cement closed with cuts.
Chalet Hotels acquires Courtyard by Marriott Aravali for Rs 315 crore
Chalet said since its commencement in June 2022, the resort has been the preferred choice for leisure travelers, MICE and destination weddings and that it is 'strategically' located within 1.5 hours from New Delhi, Gurgaon and Noida. Chalet said the resort boasts easy accessibility to the Indira Gandhi International Airport New Delhi.
Dubai’s Golden Visas are helping the city defy global office slump
Dubai's economy is thriving as it attracts expatriates, expands business licenses, and experiences high demand for commercial real estate. From crypto investors to rich Indians looking for second homes, as well as young job seekers, the city's reforms and flexible residency rules have made it a desirable destination for individuals and businesses, leading to population growth and increased investment.
Offenders must pay for damage to public property to get bail: Law panel
Headed by Justice (retired) Ritu Raj Awasthi, the panel also suggested that a comprehensive law should be put in place to address the issue of protests creating wilful obstruction and blocking public spaces and roads for prolonged periods.
Everything you need to know about the Draft Indian Stamp Bill, 2023
The Centre has released a draft of the proposed Indian Stamp Bill, 2023, to replace the outdated India Stamp Act, 1899. The draft bill introduces provisions for digital e-stamping and aims to modernize the stamp duty regime. It proposes changes such as incorporating digital signatures, a framework for digital records, and an expanded definition of financial instruments.
I sold property for Rs 1 crore; To avoid paying high tax, should I buy another house or pay tax amount and invest in MFs?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
New ruling on Benami law may unearth old deals
Even if a benami transaction had happened long before November 2016, when the new, amended statute came into force, the parties would face the wrath of the law today if the property or asset in question is still being 'held', according to a recent ruling.
Thoda achhe wala dikhao: The year Indian shoppers went premium
In 2023, India witnessed a shift in consumer demand, as sales of low-priced goods declined while luxury items surged, marking a notable trend. Companies adapted by targeting affluent consumers to offset reduced sales and declining margins, highlighting a clear split in consumer preferences towards premium products amid market challenges.
Redrafted bills broaden definition of terrorism, include threat to economic security
The revised Bharatiya Nyaya Sanhita Bill, 2023 (BNS) has modified Section 113, aligning it with the Unlawful Activities (Prevention) Act, 1967, broadening the definition of a 'terrorist act' to include threats to economic security and monetary stability while excluding intimidation of the general public or disturbance of public order. The latest BNS Bill drops proposed fines of Rs 5 lakh to Rs 10 lakh for various terrorist acts, leaving the court to determine the penalty.
Will the next leg of the rally see sectoral churn? Siddhartha Khemka answers
“Real estate companies have registered the second best quarter ever despite Q2 being considered a weak quarter because of the monsoon season and we have seen a lot of the bookings happening in the festive season which was in Q3. We have seen back-to-back quarters of very strong pre-sales data from most of the real estate companies.”
Realty my top bet sector; 3 stocks to buy: CA Rudramurthy
“I will be a buyer at the current market price on every dip. FIIs are now still short in the market. They are yet to cover their short and they will start covering. DIIs will continue buying this market and if FIIs start buying this market and crude further comes down $10 from here, bond yield topping, interest rates topping, this market has a lot of legs to go on.”
Is gift deed a tax-efficient way to transfer assets to legal heirs?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Real estate will have a good time for next four-five years: Sudip Bandyopadhyay
“Tokyo City’s total commercial space is much higher than the entire India put together. So, in India where GDP is growing at 8% or thereabouts, the commercial space demand will move up significantly in the coming years. We have already seen real estate demand coming in a big way as far as both affordable as well as high-end, particularly the high-end.”
How should you plan your income after retirement? Is rental income a good option?
Rental income is considered a good hedge against inflation, with rental appreciation typically ranging from 8% to 10% annually. However, investing a large amount of retirement funds into real estate for rental income may not be a fair deal due to challenges such as low rental yields, lack of liquidity, and tax inefficiency. Instead, retirees should consider a hybrid investment portfolio with a combination of debt instruments and equity funds to meet their income and capital appreciation needs.
Delhi RERA mandates registration for property given on lease
The Real Estate Regulatory Authority of Delhi has made it mandatory for developers to register the project even in the case where the intention is to lease the area and not sell it. Delhi RERA on Monday has clarified that the commercial projects both office and retail comes under the ambit of RERA even if the developer wants to lease it.
Major Chinese banks cut deposits rates, paving the way for mortgage rate cuts
Three sources familiar with the matter told Reuters on Tuesday that major state banks would cut deposit rates as they prepare to lower interest rates on existing mortgages, part of Beijing's efforts to revive the debt crisis-hit property sector.
Independence Day: Govt sits on a Rs 1 lakh crore bonanza from India's enemies
Enemy properties are those that were once owned by individuals who took Chinese or Pakistani citizenship after India fought wars with these countries. Besides real estate, enemy property may also include bank a/cs, shares, gold, and other assets of such individuals.
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