Category: Cement

Waiver on Stamp duty

West Bengal to levy reduced stamp duty till end of March 2022

February 2, 2022

The West Bengal government has decided to levy stamp duty at reduced rates until the end of March, which will significantly boost the residential property market in Kolkata. The third extension follows an outbreak of Omicron across the country, which resulted in a state-by-state lockdown. The 2-percentage-point reduction in stamp duty and 10-percentage-point reduction in […]

West Bengal to levy reduced stamp duty till end of March 2022more
Court Order

Builders cannot impose maintenance fees unless they have an OC: NCDRC.

February 1, 2022

The National Consumer Disputes Redressal Commission ruled that builders cannot charge maintenance fees to buyers who are forced to take possession and begin living in their flats without an Occupancy Certificate (OC) due to delays on the part of builders in obtaining all necessary clearances from the authorities. As per apex consumer forum, homebuyers will […]

Builders cannot impose maintenance fees unless they have an OC: NCDRC.more
Property Registration

Mumbai property registrations at a 10-year high in September 2021

November 11, 2021

The registrations of property in Mumbai, has yet again witnessed a 10-year high in the month of September led by record-low home loan interest rates and incentives offered by developers. As per the data available from the Government’s Department of Registration and Stamps, the month of September 2021 saw 7,799 properties being registered in Mumbai, up […]

Mumbai property registrations at a 10-year high in September 2021more

Spenta Corporation announces the launch of new tower “Amber” at their project Ornata in Chembur

October 20, 2021

Spenta Corporation is also offering a special festive gift of iPhone 13 pro (128 gb) to buyers on each booking at Amber. October 19 2021, Mumbai: Spenta Corporation Pvt. Ltd. one of the leading real estate firms of Mumbai recently announced the launch of a brand new tower – “Amber”, as a part of its […]

Spenta Corporation announces the launch of new tower “Amber” at their project Ornata in Chemburmore

Excellaa Tremont Gets Unprecedented Response in Keshav Nagar- Pune

October 19, 2021

More than 100 units booked within 2 weeks of launch Pune, 30th September 2021: Excellaa, a major player in the real estate sector in Pune has launched, ‘Excellaa Tremont’- a premium residential project that guarantees utmost luxury at a desirable price in the heart of Keshav Nagar- Mundhwa, Pune. The project witnessed an unprecedented response […]

Excellaa Tremont Gets Unprecedented Response in Keshav Nagar- Punemore

Chembur witnesses one of the biggest residential deals at Tridhaatu Aranya

September 18, 2021

Tridhaatu Aranya, an under-construction premium residential development in Mumbai’s Chembur suburb has witnessed one of the most expensive transactions in Mumbai’s eastern suburbs where IndoStar Capital Finance Chief Executive Officer R. Sridhar’s family has bought three apartments for Rs 27.25 crore. The 32-storied project Aranya is being developed by realty developer Tridhaatu Realty at Chembur’s Farm Road. Along with Sridhar, […]

Chembur witnesses one of the biggest residential deals at Tridhaatu Aranyamore

Model Tenancy Act, 2021- The Law to be Enforced Needs Some Minor Revisions.

– Written by Alok Gupta Alok Gupta is the President of the prestigious The Estate Agents Association of India, Central Zone One. He can be reached at alok@himland.in. Views expressed are personal.   I have been writing on this act, ever since the act’s draft was thrown open to the public for suggestions. On 2nd […]

Model Tenancy Act, 2021- The Law to be Enforced Needs Some Minor Revisions.more
Airport Plan

AAI Begins Enforcing New Construction Height Limitations in Juhu and Dahisar.

September 14, 2021

Because of the presence of radars for civil and commercial planes, the Airports Authority of India (AAI) has begun enforcing new construction height limitations in Juhu and Dahisar. This has resulted in a reduction in allowable building height, which is impacting apartment redevelopment and new developments in certain locations. Building heights are now significantly lowered […]

AAI Begins Enforcing New Construction Height Limitations in Juhu and Dahisar.more
GST

‘Other charges’ obtained by the builder will be subject to 18% GST: AAR

September 8, 2021

A recent judgment issued by the GST-Authority for Advance Rulings (AAR) to Puranik Builders is expected to have a negative impact on both the builders and the consumers, since it may raise expenses. The AAR has ruled that “other charges” received by a builder under a sale agreement are not a composite supply and would […]

‘Other charges’ obtained by the builder will be subject to 18% GST: AARmore
Buy property cheaply at auction

The Royal Twinkle, Citrus Check Inns properties will be auctioned off by the SEBI on September 25.

August 31, 2021

Sebi, the capital markets regulator, has scheduled 97 Royal Twinkle Star Club and Citrus Check Inns properties for auction on September 25 at a reserve price of more than Rs 350 crore. The move is part of the Sebi’s endeavour to recover cash worth thousands of crores of rupees obtained by firms under the guise […]

The Royal Twinkle, Citrus Check Inns properties will be auctioned off by the SEBI on September 25.more