To provide relief to the rooftop solar industry, the government has proposed to allow rooftop solar installations with up to 500 kilowatt (kW) capacity to be billed under ‘net metering’. If the proposal is approved, those who have rooftop solar panels will receive higher tariffs from power distr... Read more...
Maharashtra Government has not extended the stamp duty cut beyond March 31 and therefore 5% stamp duty will be applicable from April 1 again in the state. This was announced by Revenue Minister Balasaheb Thorat after Chief Minister Uddhav Thackeray signed the file. ‘’With a view to revive the... Read more...
The Centre has identified real estate and land assets of state-owned telecom services provider Mahanagar Telephone Nigam Ltd. (MTNL) to kick off the ambitious PSU asset monetisation programme. MTNL's assets identified for sale will be auctioned through the online e-bidding platform set up by MSTC... Read more...
The central government is in favour of merging the goods and services tax (GST) rates of 12% and 18% into a single slab. Acceding to a demand first made by some states and endorsed by the Fifteenth Finance Commission (FFC). GST Council, India’s federal indirect taxes body, may discuss the matter a... Read more...
The government will work with the Reserve Bank for execution of the bank privatization plan announced in the budget.In the union budget presented last week, Sitharaman had announced the privatisation of two banks as part of its disinvestment plan. Bank unions have opposed the move. The details ... Read more...
Chintan Lakhani - Director Ratings, Brickwork Ratings Developers get a year until March 2022 to claim a 100% tax deduction for affordable housing projects. This extension will ensure the continued interest of developers for the construction of affordable housing projects and help achieve the gove... Read more...
Maharashtra government’s decision to reduce real estate premium by half is expected to generate economic activity worth Rs 10 lakh crore in MMR, real estate industry body Credai MCHI has said. CREDAI MCHI also estimates that the premium reduction will help residential real estate new launches m... Read more...
The Retailers Association of India (RAI) requested the Union government to accelerate the formulation of the National Retail Policy. Apart from this, the retail industry body also urged the Centre to allow retailers to be registered as micro, small and medium enterprises (MSME) to avail benefits. ... Read more...
Shishir Baijal, Chairman and Managing Director, Knight Frank India On the aspect of housing demand, Section 80 C tax deduction on home loan principal repayment does not provide for a focused benefit on housing. A separate annual deduction of INR 150,000 will provide the much-needed fillip to opt fo... Read more...
The ‘wish list’ for Union Budget 2021 presented by real estate body NAREDCO, includes measures to combat the economic crisis and result in upward growth trend -: - Rationalization of Tax - Enhancing loan to value (LTV) ratio up to 90 per cent across the board for home loans for affordable hou... Read more...