Daily Real Estate News Digest (21st February 2019)

GST Council defers decision on tax on real estate

The GST Council deferred a decision on the rationalisation of tax rates on real estate and lottery till February 24 as some opposition-ruled states demanded that a meeting, where members are physically present, be convened for deciding on such crucial issues.

ET Realty

Thiruvananthapuram civic body announces tax rebate for green constructions

The city corporation has announced tax rebates for constructions made by incorporating green features in the budget for 2019-20.

ET Realty

Non-SEZ IT park firms should pay commercial property tax: Chandigarh civic body

The MC is busy preparing its reply to file in the Punjab and Haryana high court. Its main argument will be that, according to records, the companies do not fall in the special economic zone and hence should be taxed.

ET Realty

Ghaziabad development body to launch app for complaints, registries

The Ghaziabad Development Authority will launch a mobile app service that will allow consumers to register complaints and keep track of the work without having to visit the development agency’s office.

ET Realty

Cabinet approves Phase-2 of PMAY-Gramin

The Union Cabinet approved the implementation of Phase-2 of the Pradhan Mantri Awaas Yojana-Gramin, under which the government has set a target of constructing 1.95 crore houses by 2022.

ET Realty

Realty firm associates booked for cheating partner of Rs 6 crore

Partners of a realty group Shri Sai Realty have been booked by the Bapod police for cheating one of the firm’s partners. Pragnesh Desai told the police that the accused duped his sister Shilpa of Rs 5.78 crore and even threatened to harm him.

Times of India

With surge in demand, Hyderabad a ‘hot property’ for realty cos

With Hyderabad’s ‘affordable’ tag drawing home-buyers to its shores from across India, the city is set to add another 14,000 to 15,000 residential units to its inventory this year.

Times of India

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