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The first budget of the second term of the Narendra Modi-led government on Friday extended an additional deduction to home-buyers in the affordable housing category. In her maiden budget speech, finance minister Nirmala Sitharaman said an additional deduction of up to ₹1.5 lakh for interest paid will be allowed on a loan borrowed up to 31st March, 2020, for purchase…
MRG World, which is into financial services, agro-trading and education businesses, has forayed into real estate sector and will develop its first affordable housing project in Gurugram, Haryana with an investment of Rs 200 crore. The company will develop 731 apartments in this five-acre project under an affordable housing policy of the Haryana government. The units will be allocated through lucky…
Gurgaon: All structures, barring one factory that is coming in the way of Dwarka Expressway alignment near Kherki Daula village, have been demolished, according to Gurugram Metropolitan Development Authority (GMDA). There were 21 structures at the spot, of which 20 structures were removed two months ago, right before the general elections. The owner of the…
Builders will have to refund GST paid by home buyers in case he cancels the flat booked in the last fiscal and will be allowed to avail credit adjustment for such refunds, the tax department has said. This clarification forms part of the FAQ released by the Central Board of Indirect Taxes and Customs (CBIC)…