Daily Real Estate News Digest (15th March 2019)

Tax sop available even if capital gains not used for new house.

The Income-Tax Appellate Tribunal’s Mumbai bench has held that the investment-linked capital gains tax exemption, available on purchase of a new house, cannot be denied to a taxpayer merely for not investing the capital gain proceeds

ET Realty

H-RERA issues notice to Supertech for selling projects without permission.

The Haryana Real Estate Regulatory Authority  on Wednesday, issued a showcause notice to troubled developer Supertech for four projects registered under H-Rera, in which it has claimed that sales had been initiated without due permissions. .

ET Realty

HDFC Capital, Tribeca set up Rs 500-crore residential development platform.

The platform aims to leverage the latter's asset light model of acquiring projects from existing developers through structures of joint venture and development Management agreements.

ET Realty

Jaypee Infratech lenders seek revised bids from NBCC, Suraksha Group.

Lenders of debt-ridden Jaypee Infratech met Thursday here to discuss bids of state-owned NBCC Ltd and Suraksha Group for the bankruptcy-bound realty firm and asked them to sweeten their offers

ET Realty

Bengaluru's Brigade Group forays into co-working business.

Real estate firm Brigade Group is entering the co-working business through the brand Buzz Works, under which it plans to roll out 2,200 seats in the next two years.

ET Realty

Vacant IT rental space to peak in city.

Rentals in the IT hub in salt lake sector V and New Town could come under pressure later this year.

Impact of NBFC crisis on real estate sector in India 

The NBFC crisis has been a tip of the iceberg of the ongoing headwinds facewd by the real estate industry.

Financial Express

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