After a complaint was filed by Altaf Lakhdawala of Adorable construction company in the LT Marg Police station, a civil engineer employed in the company, Hizbur Rahman Ansari was arrested on the charges of forgery, breach of trust and cheating. …

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The Maharashtra State Consumer Disputes Redressal Forum ordered the builder who had proposed the development of Paranjape Nagar to pay a total amount of Rs 1.97 Cr. to complaints as compensation.   In this case, as many as 82 people …

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As per a tribunal order issued by the Income Tax Department, dated 7 July 2010, sale of similar flats in a building at drastically varied property rates are indicative of an underhand cash deal. In such a case, the Income …

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As per amendments to Section 56 of the Income Tax Act, which were made by the Union Finance Minister P Chidambaram, if a property is undervalued at say, Rs 80 lakh while the Ready Reckoner (RR) property rate for the …

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Recognized realty developer Wave Group made an announcement of its affordable housing project in Ghaziabad. The group has plans to invest around Rs. 500 Cr. in this project.   As part of a 4500 acre integrated township, Wave Infratech, Wave …

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In a meeting which took place on 13 March, the Municipal Corporation of Gurgaon decided to give rebate on property tax to owners of plots.   The percentage of rebate on property varies from the sizes of plots. For instance, …

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As reported in The Economic Times, Ansal Properties and Infrastructure (Ansal API), a reputed real estate developer recorded property sale of worth Rs. 2,361 Cr. in last 11 months. Although in terms of value incurred in the last fiscal property …

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Prime Gourmet Private Limited has acquired a contract to help open a chain of Johnny Rockets’ chain of food franchise, as per a franchise agreement. The announcement of the same was recently made by representatives of Johnny Rockets to news …

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As per a report by Knight Frank, a global property company, property prices of luxurious real estate projects are way more cheaper than property rates of places like Monaco and Mumbai. As per this report, during the last quarter of …

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Cities with some of the costliest addresses in India include Mumbai, Delhi and Kolkata. Localities that witness the highest property prices are Luytens Delhi, Altamount Road, Cuffe Parade and Malabar Hills in Mumbai and Alipore in South Kolkata.   Property …

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