Browsing Tag
Stamp duty
207 posts
Bombay HC Quashes ₹3 Cr+ Stamp Duty Demand on Romell Real Estate’s Malad Slum Project
Bombay HC quashes ₹3 Cr+ stamp duty demand against Romell Real Estate in Malad slum redevelopment case. Court rules Permanent Transit Camp (PTC) cannot be added to consideration per Guideline 26 & holds CCRA order time-barred beyond 6-year limit under Section 53A.
₹625 Crore Loans, One Mortgage Deed – Now Developer Pays ₹72 Lakh Penalty
In a blow to real estate borrowers, the Bombay High Court has ruled that a single mortgage securing multiple loans counts as separate transactions, forcing Mumbai developer Neepa Real Estates to pay an extra ₹72 lakh in stamp duty and penalties on ₹625 crore worth of loans.