PUNE: Since the city authority has sealed over 400 such structures since May of this year, residents who have not paid their property taxes for a number of years may lose their homes. “Notices were sent to the property’s owners and occupants, reminding them of the payment.” However, despite repeated summons, they have not paid […]
400 buildings in Pune have been sealed because of unpaid property taxes.more
JAIPUR: A developer has filed a complaint with the Rajasthan RERA court against the presiding officer. He has been accused of partiality and favoritism by the developer. As a result of this complaint, the RERA court found the developer to be non-compliant for failing to obey its orders. All directors of the builder group, as […]
A developer in Jaipur has accused a Rajasthan RERA judge of favouritism.more
LUCKNOW: Together with the power department, the Lucknow Municipal Corporation has developed a strategy plan to improve property tax collection. The effort put forth by the city’s mayor, Sushma Kharakwal, intends to uncover any discrepancies between household data and records of electricity connections in order to bring unregistered houses into the tax system. LMC mainly […]
To collect property taxes, the Lucknow civic government works with the electrical department.more Despite multiple difficulties, including numerous unhappy homebuyers, the insolvency and bankruptcy proceedings of real estate enterprises have seen consistent progress in terms of remedies. Experts predicted that the performance would increase if the government changed the code to allow for resolution based on the type of projects being undertaken rather than imposing a single, strict […]
62% of instances involving real estate insolvency have a successful conclusion.more
PUNE: According to a MahaRERA official, developers of 39 real estate projects in Pune have requested to be deregistered. Developers from all over the state who are unable to move further with the projects owing to financial constraints, legal issues, changes in government planning authorities, or other factors have submitted a total of 88 applications […]
39 real estate projects in Pune submit deregistration requests.more
One of the largest alternative asset management companies in the world, Brookfield, administers office parks and buildings totaling 18.7 million square feet (1.7 million square meters) in cities including Mumbai, Kolkata, and Gurugram close to New Delhi. Accenture, Amazon, and Samsung Electronics are some of its tenants. NEW DELHI: According to three sources with direct […]
A $400 million offering is planned for July by Brookfield India REIT, according to sources.more
The promoter must draught and enter into an Agreement for Sale with an allottee exactly in accordance with the form provided in Annexure “A” of the Assam Real Estate (Regulation and Development) Rules, 2017, according to the Assam Real Estate Appellate Tribunal (REAT). Reat was making a decision regarding an appeal brought by a promoter […]
Promoter has the responsibility to sign a sales agreement using the correct form: REAT Assammore
NOIDA: 38 builders were fined Rs 76.5 crore by the Uttar Pradesh Pollution Control Board (UPPCB) for unlawfully drawing groundwater from borewells. Within 15 days, the builders must deposit the money. According to officials, the board fined the Gaur City 2 project a maximum amount of Rs 6.6 crore and the Gaur City 1 project […]
For unlawfully collecting groundwater, the UPPCB penalised 38 builders in Noida with a total of Rs. 76.5 billion.more
HYDERABAD: On Wednesday, income tax (I-T) inspectors searched the residences of prominent realtors in the Old City on suspicion of widespread tax cheating. Nearly 40 locations connected to the Kohinoor Group and Red Rose Group in Hyderabad, Gurugram, Noida, and Karnataka were searched. Mohammed Quadri Ahmed and Mohammed Amjad of KM Kohinoor Realtors Private Limited […]
Hyderabad’s Income Tax Department examines prominent builders’ houses in the Old City.more MUMBAI: A civil court dismissed the claim of Shailesh Kamani, a resident of Ghatkopar, who sought a fee of Rs. 3 lacks from a property owner for whom he had allegedly brokered a deal in 2012. The court noted that the role of a broker is to persuade the vendor and purchaser to arrive at […]
Court: Broker may only be compensated for work completed.more
