Browsing Tag

Delayed projects

4 posts
Many fear getting a tax notice if they invest capital gains in under-construction flats without a registered agreement. But a recent ITAT ruling proves that such buyers can still successfully claim Section 54 exemption.

Sold Old Flat, Invested in Under-Construction Property But No Agreement – Will You Get a Tax Notice?

Many fear getting a tax notice if they invest capital gains in under-construction flats without a registered agreement. But a recent ITAT ruling proves that such buyers can still successfully claim Section 54 exemption.
MahaRERA

MahaRERA Orders Refund with Interest in Serenity Project Case, Dismisses Premature Complaints

In a crucial ruling, MahaRERA has directed JVPD Properties Private Limited to refund homebuyers of the delayed Serenity – BLDG 1 project with interest as per Maharashtra RERA Rules. While two complaints were upheld, four were dismissed as premature, including an attempt to hold Xander Finance Pvt. Ltd. responsible for project completion. MahaRERA has given the developer 60 days to comply with the refund order, reinforcing its stance on protecting homebuyers from undue delays.
August 2021 sells more than August 2019

6.26 Lakh Heavily Delayed Homes

Heavily delayed – and even worse, completely stalled – housing projects (launched…
Rural housing demand and price recovery are expected to help India’s cement industry regain decadal average profitability in FY26, with improved cash flows and stable credit outlook.

2nd Wave: 95% Developers Fear Project Delays

First-Ever CREDAI Report says 95% of developers fear project delays due to…