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GoM Rejects Further GST Exemption on Land Leases

The Group of Ministers (GoM) on real estate has eliminated GST exemptions on private long-term land leases, a critical step. Tourism firms requesting exemptions are affected by this ruling. The meeting additionally discussed important subjects including housing society construction service taxation.

By Admin

  • 25th Sep 2024
  • 1189 Views
High Court Rules State Entitled to Reasonable Return on Leased Land

The Bombay High Court held that the state deserves a fair return on its land in a landmark decision. Justices B P Colabawalla and Somasekhar Sundaresan stressed that leasing rates need not be cheap if they fail to cover inflation, administration fees, and escalation.

By Admin

  • 14th Jul 2024
  • 1226 Views
Maharashtra Government Strategy For Redevelopment Could be a Game Changer

In a recent meeting, the Maharashtra state cabinet approved a significant legal reform to accelerate the rebuilding of ageing cooperative society structures. This move allows eviction of minority residents who block majority-approved redevelopment plans.

By Admin

  • 10th Jan 2024
  • 1351 Views
Housing Societies in Mumbai Will Require Norms for Electronic Vehicle Charging Infrastructure

The Bombay High Court heard a PIL asking the court to direct the Registrar of Cooperative Housing Societies to set rules for installing electric vehicle (EV) charging stations in co-op housing societies.  The court notified the parties and ordered a hearing on January 6, 2021.

By Admin

  • 20th Nov 2022
  • 1936 Views
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