Mumbai, September 15, 2020: It is surprising, that in a scenario where the suggestion, ‘reduce price of residential real estate’ has been covered by media –be it Deepak Parekh, Nitin Gadkari or Piyush Goel – the state government has instead opted to enhance the Ready Reckoner value. Income tax provisions mean a developer cannot sell at a price point lower than the Ready Reckoner rate, as it translates into taxation burden for both buyer and seller. In this situation, the expectation was that the state government would reduce the value, instead, it has chosen to increase the same. New projects will be impacted too, as the Ready Reckoner value will govern all levies, duties and taxes payable by a developer. One hopes the authorities will consider this and take necessary steps.
Corporate Comm India (CCI Newswire)
Foundation stones for permanent campuses of the National Law University, Meghalaya, and Meghalaya State Judicial…
A major wave of housing approvals renews the debate over project execution, homebuyer protection and…
A new flyover can change a neighbourhood’s investment narrative overnight. Delivering a better neighbourhood, however,…
Mumbai, October 24, 2026: For most of its modern history, South-Central Mumbai operated under a…
For a long time, Non-Resident Indians looking to invest back home split their attention between…
Conceived as a first-of-its-kind integrated knowledge system, the series addresses the critical gap between information…