BENGALURU: The BBMP chief commissioner cannot, the high court said, demand that 50% of the property tax that was allegedly under-assessed be paid in full upfront before issuing an order under Section 144 (15) (e) of the BBMP Act. This was mentioned by Justice S. Sunil Dutt Yadav in his interim ruling last Friday, which […]
The local authority of Bengaluru cannot demand upfront payment of the 50% tax differential: HCmore
BENGALURU: Starting on Sunday, the state government of Karnataka will formally increase the guideline value by 15–30%, which will lead to an increase in real estate prices. The minimum price at which a real estate transaction is formally registered is known as the guideline value. This number is significant because it affects how stamp duty […]
Property purchasers would feel the heat as the government of Karnataka increases the guideline value by 15 to 30%.more
BENGALURU: The high court has ordered a nationalized bank to repay Rs 30.7 crore to a winning bidder for a property after noting that the “as is where is” condition in a public auction doesn’t mean that the real estate in question does not have an absolute title. Justice M. Nagaprasanna granted M/s Paramount Constructions’ […]
HC orders a refund to the winning bidder after criticizing PNB for selling property without a clear title.more
BENGALURU: Based on a complaint submitted by Sandeep GW and Jonali Das, the Karnataka Real Estate Regulatory Authority (KRERA) has given substantial instruction to a builder, Signature Dwellings Private Limited. According to the ruling made according to Section 18 of the Real Estate (Regulation and Development Act), 2016, the builder must transfer the common space […]
Builders are required to transfer common space to the residents’ association: Bangalore RERAmore
NEW DELHI: As per Magicbricks’ Proplndex research, residential searches surged by 14.2 percent from January to March 2023 while listings increased by 1.9 percent. Residential searches grew 3.2% quarter over quarter, the research claims, following a little fall of 2.5% the previous quarter, led by Ahmedabad (21.4%), Bangalore (10.3%), and Pune (7%). The survey also […]
Residential searches rose 14.2% between January and March 2023, while listings rose 1.9%.more NEW DELHI: According to rating agency ICRA, housing sales increased 11% in volume across seven cities in the third quarter of this fiscal year due to stronger demand. “The reported sales in Q3 FY2023 in the top seven cities in India were 149 million square feet (msf), the highest quarterly sales recorded in over ten […]
In Q3 FY23, housing sales increased 11% in volume across seven cities, according to ICRA.more
TVS Motor Co has paid Rs 20.93 crore for a 5,023 sq ft bungalow in Bengaluru’s Koramangala neighborhood, the company’s third large-ticket acquisition in 3 months. As per sales documents shared by real estate intelligence platform Zapkey, the property, which includes ground plus 2 structures, was bought from Bengaluru residents PS Sanjeev and Anitha Sanjeev. […]
TVS acquires a 5,023 sq ft bungalow in Bengaluru for Rs 20.93 crore.more
NEW DELHI: According to a recent JLL India report, the residential sector experienced a robust demand revival in 2022, with the year having to register a decadal high in-home sales with 215,000 units across the top seven cities of Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. Residential sales increased by 68% year on year […]
Residential sales in top seven cities up 68% year-on-year in 2022: Reportmore BENGALURU: The National Consumer Disputes Redressal Commission (NCDRC) has ordered city-based ND Developers to refund home buyers’ money plus 9% interest for failing to deliver the flats on time. On March 31, 2011, more than 50 homebuyers decided to book flats at ND Laurel, a housing project at Gunjur, near Varthur in Bengaluru East, according […]
NCDRC orders ND Developers to refund homebuyers for delivery delays.more
HYDERABAD: In the Heera Gold scam case, the Enforcement Directorate has temporarily attached the immovable and movable assets of SA Builders and Developers and Neelanchal Technocrats worth Rs 78 crore. It was claimed that the accused real estate firm diverted funds from the crime proceeds to shell companies in Kolkata and Shillong. The properties were […]
The ED seizes assets worth Rs. 78 crore in the Heera Gold scam.more