Land Sale News

Companies

Mumbai airport land draws interest of realty firms

The land for sale near Mumbai airport are 17-acre and 6-acre plots that are said to be worth 4,500 crore

2 min read28 Dec 2018
Money

Nature of plot and period of holding are needed to know taxability of transfer

It is possible for the taxpayer (buyer and/or seller) to claim that the fair market value of the property is genuinely lower than stamp duty value in certain circumstances

3 min read20 Aug 2018
Money

Fees paid to convert land from leasehold to freehold considered as cost of improvement

Cost related to construction/reconstruction can be treated as cost of improvement if it enhances the value of land

6 min read16 Jul 2018
Politics

SC directs Omshakthy Agencies to deposit Rs90 crore by 31 March

Supreme Court directs Omshakthy Agencies to deposit Rs90 crore, pursuant to its MoU with realtor Unitech for the sale of land in Chennai, by 31 March 2018

1 min read18 Feb 2018
Industry

Cut in transfer charges to free up land for industrial usage in Mumbai suburbs

Maharashtra chief minister Devendra Fadnavis said that the idea was to facilitate industrial use of vacant plots of land or those plots where the manufacturing units have turned sick

3 min read22 Jan 2018
Companies

Blackstone Group puts three land assets for sale

Blackstone Group has appointed EY and Knight Frank to market these land assets, two of which are located in Bengaluru and the third in Chennai

2 min read30 Oct 2017
Companies

Unitech plans to sell 6 land parcels to tide over crisis

At stake is Rs7,800 crore that Unitech owes to 16,300 home buyers across 61 projects and Rs6,733 crore of debt

3 min read19 Oct 2017
Companies

GSK Pharma to sell land in Thane to Oberoi Realty for Rs555 crore

The board of directors of GSK Pharma have approved the sale of 60 acres of land in Thane to Oberoi Realty

1 min read22 Sep 2017
Industry

GST to apply on land lease, rent, EMIs for buying of houses under construction

Leasing of land, renting of buildings as well as EMIs for buying of under-construction houses will attract the Goods and Services Tax (GST)

2 min read28 Mar 2017
Companies

Peninsula Land to sell 150 acres land to reduce debt

Peninsula Land plans to use most of the sale proceeds to bring its debt down to around Rs1,000 crore from Rs1,739 crore in June

2 min read5 Dec 2016
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