A Chennai resident successfully reclaimed his Section 54 tax exemption after a three-year construction delay on his new home. The Income Tax Appellate Tribunal (ITAT) ruled in his favour, citing the COVID-19 pandemic as an extraordinary circumstance.
A bipartisan housing bill aimed at lowering costs and boosting construction was halted by President Trump, who demands a citizenship voting requirement before signing. The bill, supported by the real estate industry, faces delays.
Gujarat's Halpati Housing Scheme provides financial assistance of Rs 1.20 lakh to eligible Halpati (Talaviya and Nayak) families from Scheduled Tribes to construct their own homes. The aid is disbursed in stages directly to beneficiaries' bank accounts, aiming to improve housing conditions in selected South Gujarat districts.
Gujarat's Halpati Housing Scheme offers Rs 1.2 lakh to Talaviya and Nayak families of the Halpati community for home construction in southern districts. No income limit applies. Applications are offline and free.
The House voted to pass a bill aimed at addressing the housing affordability crisis by encouraging homebuilding and banning corporate landlords from buying more than 350 houses. The bill, an amended version of one passed by the Senate, now requires both chambers to agree on a final version.
