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Stamp duty

Budget 2014: New airports to be developed in smaller cities and towns

Budget 2014: New airports to be developed in smaller cities and towns
Announcing the Union Budget 2014-15 on Thursday, Finance Minister Arun Jaitley said that air travel in the country will be notably improved through the development of new airports in smaller cities and towns. The government’s plans for better airport connectivity in regional areas are apparently rooted in the fact that though airport travel has increased [...] Continue Reading »

Budget 2014-15: Tax incentives proposed for REITs, InvITs

Budget 2014-15: Tax incentives proposed for REITs, InvITs
The Union Budget 2014-15 has given a noteworthy boost to the real estate and infrastructure sectors of the country. Among the key proposals of the government in the recently-presented Budget are tax incentives for two new investment products — Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The proposed tax incentives for REITs and InvITs will [...] Continue Reading »

Budget 2014-15: Income tax rates unchanged; Direct Taxes Code revived

Budget 2014-15: Income tax rates unchanged; Direct Taxes Code revived
In the Budget 2014-15, presented by Finance Minister Arun Jaitley on Thursday, income tax rates remain unchanged; while a proposal for reviving the revised Direct Taxes Code (DTC) will be considered by the government after taking into account the comments of stakeholders. With the promise that no tax changes will be brought on with retrospective [...] Continue Reading »

Budget 2014-15 — A ‘balanced’ budget

Budget 2014-15 — A ‘balanced’ budget
The Budget 2014-15 – presented by Finance Minister Arun Jaitley on Thursday – marked the maiden Budget of the newly-formed NDA government. Experts are of the opinion that the Budget is quite a ‘balanced’ one. Pushing for an all-encompassing agenda, the Budget predominantly underscores the new government’s comprehensive focus on macro-economic stabilisation, reduced inflation, sustained [...] Continue Reading »

No clarity in Metro land purchase order

No clarity in Metro land purchase order
The government order issued last week lacks clarity on the procedures to be adopted while purchasing land. Also there is confusion whether the registration fee and stamp duty will be waived off. Due to this, the revenue officials are unable to start procedures to acquire the remaining land required for the Metro project. Amid criticism [...] Continue Reading »

86 acres bought by Polyhose near Chennai

86 acres bought by Polyhose near Chennai
The country’s largest manufacturer of hydraulic, industrial and automotive hoses, Polyhose India has gained 86 acre land parcel which earlier belonged to Presidency Kids Leather, nearby Chennai. Under the SARFAESI Act the land was acquired through an auction conducted by Syndicate Bank. The deal size is said to be close to Rs 100 crore, including [...] Continue Reading »

Illegal constructions are a scarcity in Shil an year after collapse of a building

Illegal constructions are a scarcity in Shil an year after collapse of a building
The Municipal Corporation and locals are showing zero-tolerance to unauthorized buildings and chawls post the collapse of an illegal building at Shil Road in Mumbra. The last year incident was shocking. High rise towers used to come up frequently and the needy would occupy them as they were sold at the rate of a tenement [...] Continue Reading »

The new middlemen in Real estate sector

The new middlemen in Real estate sector
Facing the problem of increase in unsold inventory and with working capital hard to come by, the real estate developers in last few years bend heavily on a class of investors to bring sales and bring in that much-needed cash flow. These types of the investors are referred as the ‘underwriters’ which buy the large [...] Continue Reading »

E-stamping: Registering large volumes of property in Gurgaon

E-stamping: Registering large volumes of property in Gurgaon
Gurgaon introduces registering property with e-stamping facility. E-stamping and on-line registering is already practised in Delhi. Land registration is described as matters concerning ownership, possession or other rights of land and kept as records. The state Government of Haryana has requested  to  make provision for regular issuance of stamp papers from treasury and bank. It [...] Continue Reading »

Stamp duty collection to rise with high value property deals

Stamp duty collection to rise with high value property deals
With the increasing property deals of high value in the state, it has been forecasted that the stamp duty collection is also going to boost up. As per Inspector General of Registration and Controller of Stamps, revenue generated from stamp duty will be around Rs 2000 crore in the financial year 2012-13. However, the property [...] Continue Reading »



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