Real Estate Mumbai
New Environmental Clearance Rule Halts 70,000 Home Projects in MMR
Over 70,000 housing units across nearly 500 projects in the Mumbai Metropolitan Region (MMR) have been halted due to a new directive by the National Green Tribunal (NGT), requiring central government environmental clearances for projects within 5 km of eco-sensitive zones.
Real Estate
Justice Santhosh Reddy Takes Charge as Chairman of Telangana Real Estate Appellate Tribunal
Justice Santhosh Reddy, a retired High Court judge, has been appointed as the Chairman of the Telangana Real Estate Appellate Tribunal. He assumed office on Monday and has a rich history in legal and administrative roles.
Real Estate Maharashtra
Real Estate Tribunal Rejects Firm's Delayed Appeal
The Maharashtra Real Estate Appellate Tribunal (MREAT) has dismissed Agile Real Estate's (AREPL) application for condonation of delay in filing an appeal against an order by MahaRERA. The tribunal ruled that the firm failed to act diligently and did not provide sufficient reasons for the delay.
Real Estate Mumbai
Selling Your Flat for a New One? Mumbai Tribunal Clarifies Tax Rules
The Mumbai Income Tax Appellate Tribunal has ruled that exchanging an old flat for a new one does not trigger a taxable event under income tax rules. This clarification could significantly benefit property owners looking to upgrade without incurring unexpected tax liabilities.
real estate news
Selling Your Flat for a New One? New Flat Exempt from Income Tax, Mumbai Tribunal Rules
If you're planning to sell your old flat and buy a new one, you're in luck. The Mumbai Income Tax Tribunal has ruled that the new flat will not be taxable under income tax rules. This decision provides a significant relief for those looking to upgrade their homes.
Real Estate Maharashtra
Maharera Investigates Dual Registration Disputes in Real Estate Projects
The Maharashtra Real Estate Regulatory Authority (Maharera) has been directed by the Maharashtra Real Estate Appellate Tribunal to investigate and resolve disputes related to dual registration of real estate projects, ensuring transparency and fairness for homebuyers.