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Blunder led to offer of TDR worth ₹1,396 cr.


Bangalore Palace land has been used for widening adjoining roads.
  | Photo Credit: BHAGYA PRAKASH
Entire 472 acres acquired for ₹11 crore, says government; HC allows it to move apex court on the issue
The High Court of Karnataka on Wednesday permitted the State government to seek modification of the order from the apex court on utilising Bangalore Palace property for widening Ballari and Jayamahal roads as the government pointed out that a “blunder” has resulted in offering Transferable Development Rights (TDR) worth ₹1,396 crore to occupants of the palace properties as against a total of ₹11 crore compensation fixed for the entire 472 acres of palace property in the 1996 law. ....

Justices Vishwajith Shetty , Mahanagara Palike , Justice Abhay Shreeniwas Oka , A Division Bench , Transferable Development Rights , High Court , Bangalore Palace , Division Bench , Chief Justice Abhay Shreeniwas Oka , Bruhat Bangalore Mahanagara Palike , High Court Of Karnataka , Bengaluru Palace , மகாநகர பலிகே , உயர் நீதிமன்றம் , பெங்களூர் அரண்மனை , பிரிவு பெஞ்ச் , ப்ரூஹாட் பெங்களூர் மகாநகர பலிகே , உயர் நீதிமன்றம் ஆஃப் கர்நாடகா , பெங்களூரு அரண்மனை ,

Property developers seek GST cut for joint development deals on TDR


Property developers seek GST cut for joint development deals on TDR
January 18, 2021
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Currently, GST is paid by the developer on the value of undivided share of land pertaining to unsold area of the project as on the date of receipt of occupancy certificate
Developers are seeking relaxation on GST for joint development transactions on Transfer of Development Rights (TDR). They say, the number of projects either residential or commercial has reduced significantly.
For residential projects, currently, GST is being paid by the developer on the value of undivided share of land (UDS) pertaining to unsold area of the project as on the date of receipt of occupancy certificate. ....

Ravindra Pai , Rajesh Binner , Bijay Agarwal , Asset Real Estate Tech Pvt Ltd , Development Rights , Century Real Estate Holdings , Managing Director , Salarpuria Sattva , Century Real Estate , Real Estate Developers , Transfer Of Development Rights , Occupancy Certificate , Joint Development , Proptech Company , Joint Development Of Property , ரவின்ற பை , ராஜேஷ் பின்னர் , பிஜய் அகர்வால் , சொத்து ரியல் எஸ்டேட் தொழில்நுட்பம் பிரைவேட் லிமிடெட் , வளர்ச்சி உரிமைகள் , சிஇஎன்டியுவ்ஆர்ஒய் ரியல் எஸ்டேட் ஹோல்டிங்ஸ் , நிர்வகித்தல் இயக்குனர் , சலார்பூரியா சத்வா , சிஇஎன்டியுவ்ஆர்ஒய் ரியல் எஸ்டேட் , ரியல் எஸ்டேட் டெவலப்பர்கள் , பரிமாற்றம் ஆஃப் வளர்ச்சி உரிமைகள் ,