Tag: Hdil

Maharashtra stamp-duty hike: What it means for realty companies.

In a recent development, cash strapped Maharashtra government proposed to hike stamp duty on leave-license to 0.1% on market value or 1% of the average annual rent or deposit paid, whichever is higher, for residential properties. For commercial properties, the duty proposed is 0.4% for lease agreements over 60 months. This is a whopping 160 […]

Realtors’ Advance Tax Payment Falls Down

Major real estate players including DLF, Unitech, Parsvnath and Omaxe appear to have taken a sharp hit with the slowdown in the economy as their advance tax payments have fallen sharply. Faced with lower sales and liquidity crunch, DLF hasn’t paid any advance tax in September of this financial year, compared to Rs 37 crore […]

Slowdown In Realty Advertising

If you thought that only the real estate values are witnessing a dip, think twice. Even the advertising industry is also feeling the realty heat. According to industry sources, it is estimated that all major developers such as DLF, Omaxe, Ansals and Parsvnath have decided to cut down on their advertising budgets by around 5 […]