Category: Delhi

Delhi HC alludes to an investigation by the CBI into unauthorized building.

February 9, 2024

NEW DELHI: The Delhi High Court bemoaned on Thursday the inability of various authorities to stop unauthorized development, stating that this would result in “complete lawlessness” throughout the city and the collapse of the entire system. A bench made up of Justice Manmeet PS Arora and Acting Chief Justice Manmohan also alluded to launching a […]

Delhi HC alludes to an investigation by the CBI into unauthorized building.more

DDA petitions the HC to overturn the stay on the apartment demolition.

December 25, 2023

NEW DELHI: Delhi Development Authority filed an application with the high court on Friday, attempting to lift the stay placed on its proposal to destroy the north Delhi neighborhood’s Signature View Apartments. Responding to a plea filed by nine Mukherjee Nagar apartment dwellers, the Delhi High Court last month mandated that DDA refrain from using […]

DDA petitions the HC to overturn the stay on the apartment demolition.more

Builders must have project accounting audited by UP-RERA within six months of the conclusion of the fiscal year.

December 14, 2023

NEW DELHI: Within six months of the conclusion of the fiscal year, the promoter must have the project accounts audited and upload the audited balance sheet to the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) website. The project’s financial records will be examined by an authorized panel auditor if there are significant inconsistencies or complaints. […]

Builders must have project accounting audited by UP-RERA within six months of the conclusion of the fiscal year.more

The Bihar government is instructed by the SC to make sure that no new development is done next to the Ganga.

December 5, 2023

NEW DELHI: The Bihar government has been instructed by the Supreme Court to make sure that no more building occurs next to the Ganga River, especially in the Patna area. Judges Aniruddha Bose and Augustine George Masih’s bench ordered the state administration to submit an affidavit notifying it of the demolition of illegal constructions that […]

The Bihar government is instructed by the SC to make sure that no new development is done next to the Ganga.more

It is concerning that MHADA is charging 18% interest: Maharashtra’s deputy chief minister

November 27, 2023

NEW DELHI: The deputy chief minister of Maharashtra, Devendra Fadnavis, described the current interest rate that MHADA is collecting from developers as extremely high and said that it must be lowered in order to be comparable to that of the BMC. In order to lower the current rate of 18% compound interest to the rate […]

It is concerning that MHADA is charging 18% interest: Maharashtra’s deputy chief ministermore

After loan repayment, deliver title documents to borrowers: RBI

September 26, 2023

NEW DELHI: All banks, non-banking financial institutions, housing financing businesses, asset reconstruction organizations, and others have been ordered by the Reserve Bank of India (RBI) to produce property documentation within 30 days after repayment. “Upon receiving full repayment and closing of the loan account, regulated enterprises (REs) are required to release all documentation pertaining to […]

After loan repayment, deliver title documents to borrowers: RBImore

The income tax division searches five builders and discovers “Rs 400 crore tax evasion.”

September 21, 2023

GURUGRAM: Five real estate developers, some of whom run hotel chains and schools in the city, are accused of evading taxes by $400 million, according to 200 I.T. officers who have been conducting raids at 28 locations over the past five days. The raids started at 5 a.m. on September 14 and are still going […]

The income tax division searches five builders and discovers “Rs 400 crore tax evasion.”more

Builders are urged by Delhi RERA to register their projects or face sanctions.

September 4, 2023

NEW DELHI: The Delhi Real Estate Regulatory Authority (D-RERA) has advised all developers against breaking the law and requested that they register any residential or commercial projects with the organization right away. According to a directive released on September 4, failure to follow the directives might result in fines of up to 10% of the […]

Builders are urged by Delhi RERA to register their projects or face sanctions.more

CCI orders Chandigarh Housing Board to stop anti-competitive behaviour.

August 24, 2023

NEW DELHI: The Competition Commission has ordered the Chandigarh Housing Board (CHB) to stop engaging in anti-competitive acts and has decided not to levy any penalties because the organization has already implemented corrective measures. It was claimed that CHB exploited its dominating position by, among other things, imposing unreasonable conditions and clauses on allottees in […]

CCI orders Chandigarh Housing Board to stop anti-competitive behaviour.more

The Delhi RERA has directed builders to establish an allottee grievance cell.

August 23, 2023

NEW DELHI: The Delhi Real Estate Regulatory Authority (DRERA) has urged national capital real estate promoters and builders to “appoint a ‘Allottee Grievance Cell’ for each project with a designated telephone number to redress allottee grievances.” It has also directed them to publicly post their names, addresses, RERA number of registration of the projects, and […]

The Delhi RERA has directed builders to establish an allottee grievance cell.more

Category: Delhi

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