Max group founder buys Delhi bungalow for Rs 1.85 billion

Max group founder buys Delhi bungalow for Rs 1.85 billion

Max India group founder Analjit Singh has acquired a bungalow owned by his nephews Malvinder and Shivinder Singh in the heart of Lutyens’ Delhi for Rs 1.85 billion. The funds from the sale will be used to repay the lender to whom the Singh brothers had pledged the...
37 Noida realtors to face audit in stage 2

37 Noida realtors to face audit in stage 2

The Noida Authority has met 37 developers whose projects will face scrutiny in the next round of audit as the UP government looks at reasons behind the housing delay and looks for ways to create an oversight mechanism. Projects of the 37 developers called to the...
Cost of house to include furniture for Income-Tax relief

Cost of house to include furniture for Income-Tax relief

In a recent order, the Income-Tax Appellate Tribunal (ITAT) has held that the cost of a new residential house will not be limited to the construction cost but also include the purchase price of furniture—if it is an integral part of the property deal. The order comes...
MahaRERA chairperson helps restart Mumbai stalled project

MahaRERA chairperson helps restart Mumbai stalled project

In a landmark order, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has succeeded in negotiating a settlement between the developer and home buyers of Tanvi Eminence housing project in Mira Road, stalled since 2013 because of a squabble between the four...