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CommonFloor Editorial Team

Tax

Flat owners advised caution over VAT payment to builders

Flat owners in Pune were asked to abstain from hurriedly paying Value Added Tax (VAT) to their builders by citizens’s groups and consumer forums like Grahak Hitvardhini, Grahak Panchayat and Sajag Nagrik Manc. The appeal came following the Supreme Court’s decision which stated that flats sold after 1st July 2006 will be liable for payment […]

CommonFloor Editorial Team

01mumbai3

Figures of Office relocations double in the first half of 2013

Numerous businesses, both foreign and Indian, are using the slowdown within the real estate segment of office spaces to relocate their respective offices to locations wherein all their businesses can come under one roof and that too at lower rentals.   As per study conducted by internationally acclaimed real estate experts, within the first half […]

CommonFloor Editorial Team

No letting out land to industries: KIADB’s latest move

The Karnataka Industrial Areas Development Board (KIADB), with its latest move has turned out to be the talk of the town, by deciding not to hand over land parcels to industries. Instead, land will be offered to industries on lease for 30 years. The major step taken by the Karnataka government is all set to […]

CommonFloor Editorial Team

Prevention of de-notified SEZ land being misused

New Delhi: Following recently announced reduced norms for minimum area requirement (MAR), the Center in a bid to curb the misuse of the de-notified Special Economic Zones (SEZs) land parcels; has derived a set of guidelines for State governments. As per the guidelines, State Governments are required to ensure that the de-notified land parcels are utilized […]

CommonFloor Editorial Team

DDA plans to cut Yamuna zone by 40%

The Delhi Development Authority has planned to cut the city’s ‘O’ Zone, which includes river Yamuna and its riverfront by about 40%. This move was made as part of regularizing illegal settlements in the belt. According to the plan, about 3,100 hectares of land in the zone would be re-zoned. DDA informed that rezoning was […]

CommonFloor Editorial Team

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