– 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
On September 14, the Delhi Development Authority gave final approval to Additional Development Control (ADC) regulations for areas designated under its ambitious land pooling scheme, in order to make it more appealing to landowners and commercial developers. The proposed ADC regulations, which would see the adoption of new elements such as vertical mixing and transferable […]
The DDA makes land pooling more flexible and appealing.more
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
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
According to a statement issued on Tuesday, India Post Payments Bank (IPPB) has partnered with LIC Housing Financing to market the latter’s housing finance products to its 4.5 crore clients. According to the announcement, IPPB would make LIC Housing Finance Ltd’s (LICHFL) home loan products available to its clients across India through its robust and […]
India Post Payments Bank and LIC Housing partner to sell home loansmore
The state cabinet was presented with the Intergovernmental Panel on Climate Change’s global warming report on September 1st, with an overall focus on Maharashtra and an emphasis on its coastal region, notably Mumbai. While conducting the presentation, the environment department called for mitigating actions, stating that if temperatures rise by 2-2.5 degrees Celsius due to […]
To prevent Mumbai from sinking, the government will form a climate change commission.more
In a direct attack on the opposition, Uttar Pradesh chief minister Yogi Adityanath stated on Wednesday that past governments in the state never prioritized the poor, women, farmers, or youngsters and that this is supported by hard facts. Only 53 lakh dwellings could be supplied to the poor in the previous 30 years, Yogi remarked […]
In four years, over 42 lakh poor people in Uttar Pradesh have got houses, according to the state’s chief minister, Yogi Adityanath.more
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
The Maharashtra Real Estate Regulatory Authority (MahaRERA) may enable you to withdraw from a project if the developer has already delayed possession and you wish to leave. In a dispute between a flat buyer, Surajkumar Rajendra Rai, and Ekta Housing over the delayed Virar project Brooklyn Park Phase IV, MahaRERA chairperson Ajoy Mehta has ordered […]
MahaRERA asks Ekta Housing to repay the buyer after the project is completedmore
A session’s court decided in favour of a Bhandup CHS and affirmed a lower court judgment on a complaint against the builder for inadequate building, observing that simply because a society’s operations are handled by committee members, a builder cannot exonerate himself in case of bad construction. The magistrate had properly noted, according to the […]
According to the court, even though CHS has a panel, the builder is responsible for shoddy construction.more
