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Noida: Private builders announced on Tuesday they would start making payments to the development authorities in Noida, Greater Noida and the Yamuna Expressway to end the stalemate over registries. According to an estimate prepared by the developers, more than 50,000 buyers are waiting to get their properties registered in the district. These buyers have invested in about 385 group housing and township projects, for which the three authorities have already given their approvals. But in the absence of a payment plan announced by the authorities, the builders have been unable to clear their dues and the registry process has been held up. ....
FBR mulls blacklisting two big builders on sales tax violations Business March 14, 2021 KARACHI: The Federal Board of Revenue (FBR) has initiated the process of blacklisting two major property builders for violating provisions of Sales Tax Act, 1990, sources said. Medium Tax Office (MTO), Karachi, the revenue arm of the FBR, issued show cause notices to M/s Rufi Builders and M/s Usama Builders on failure to file sales tax returns for five years (2015 to 2020). The tax office has already suspended the taxpayers and directed the property builders to explain by March 15, 2021 before initiation of proceedings for blacklisting of tax registration. ....
Asset Homes wins 4 national awards March 10, 2021 Stood at second position in the best professionally managed company (₹10-cr - ₹500-cr) category Asset Homes, one of the leading builders of Kerala, has won four awards at the 12th edition of CIDC Vishwakarma Awards instituted by the Construction Industry Development Council (CIDC), a body promoted by the country’s construction industry and Niti Aayog. Asset Homes stood at the second position in the best professionally managed company (₹10-crore - ₹500-crore) category. It won the award for the best construction project Asset Canvas, an apartment project in Kochi. The company also won the achievement award for construction safety, health and environment for Asset Rangoli, another project in Kochi, and first position and Achievement Award for Corona warriors. ....
Business by Hayden Johnson Premium Content Subscriber only The licences of 42,500 Queensland mum and dad builders could be ripped up within weeks if they fail to reveal their financial status to the state s construction watchdog. The Queensland Building and Construction Commission has given builders in categories one and two - those with an annual turnover up to $800,000 - until the end of the month to prove they are solvent or risk having their licence terminated. About 70 per cent of the state s affected builders are yet to lodge the required financial reports, The Courier-Mail can reveal. QBCC Commissioner Brett Bassett said thousands of builders yet to lodge their financial status were risking suspension ....
A warning has been issued to tens of thousands of builders across the state urging them to provide details to the state’s watchdog. ARE YOU ONE OF THEM? ....