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Rs.1.56L cr worth flats launched in 2011 and before still incomplete

Thursday, August 15, 2019, 2:57 PM

Nearly 2.2 lakh housing units, worth Rs.1.56 lakh crore, launched in 2011 and before across seven major cities are yet to be completed by real estate developers, according to property consultant JLL India. According to JLL data, the real estate companies of Delhi-NCR are the biggest defaulters as their contribution in delayed housing units accounts for 71% in volume and 56% in value terms.
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I-T raids top Mumbai realtor in Rs 700 crore tax evasion case

Saturday, August 3, 2019, 6:14 PM

The Income Tax Department carried out raids at 40 premises in Mumbai and Thane belonging to a leading Mumbai realtor for a tax evasion case of around Rs.700-crore, official sources said. The raids, which started five days ago, are still continuing and the IT sleuths have unearthed various incriminating evidences pertaining to the tax evasion by the group whose identity has not been revealed.
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GST Council defers decision on tax on real estate

Wednesday, February 20, 2019, 2:37 PM

The GST Council has deferred a decision on tax rates on real estate and lottery till Sunday, and extended the deadline for businesses to file sales returns for January till Friday. Finance Minister Arun Jaitley said, because of the rush of filing of returns, the due date has been extended till February 22 for all states; and February 28 for Jammu & Kashmir.

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