Category: Other Cities

Chartered accountants receive a show-cause notice from MahaRERA.

May 3, 2023

MUMBAI: After noticing that MahaRERA regulations were being broken because the same chartered accountant had been hired for the role of the project auditor as well as that of the statutory auditor, MahaRERA issued show-cause notices to chartered accountants and also wrote to the Institute of Chartered Accountants of India. Promoters are required by MahaRERA […]

Chartered accountants receive a show-cause notice from MahaRERA.more

In redevelopment circumstances, the builder’s rent is not taxable: ITAT-Mumbai

April 27, 2023

MUMBAI: The Mumbai branch of the Income-Tax Appellate Tribunal (ITAT) recently ruled that the former apartment owner is not subject to taxation on the rental income obtained from a builder as a result of a redevelopment project. Even though the taxpayer, the previous apartment owner, had moved in with his parents instead of renting another […]

In redevelopment circumstances, the builder’s rent is not taxable: ITAT-Mumbaimore

Board of Noida authorities approves a 10% increase in land prices.

April 24, 2023

NOIDA: The allotment rates for residential, group housing, and institutional plots were raised by 6% to 10% by the Noida Authority on Sunday. However, there was no adjustment in the rent for either the Authority-built apartments or the commercial properties it was leasing. On Sunday, the Authority’s board of directors authorised the decision to raise […]

Board of Noida authorities approves a 10% increase in land prices.more

In one of the oldest PMLA cases, the ED files charges against a Mumbai-based builder.

April 18, 2023

MUMBAI: The Enforcement Directorate (ED) recently filed a chargesheet in the court against developer Shailesh Sawla and two of his firms, Kunal Construction and Sawla Construction, for selling homes to prominent persons in a slum-dwelling project. It’s one of the ED’s oldest pending laundering of money cases, dating back to the Prevention of Money Laundering […]

In one of the oldest PMLA cases, the ED files charges against a Mumbai-based builder.more

The Delhi High Court has asked the Centre to respond to a request to link property to Aadhaar.

April 17, 2023

NEW DELHI: The Delhi High Court on Monday directed the Centre to file a response to a petition seeking the connection of residents’ immovable and movable property records with their Aadhaar numbers in order to combat corruption, black money production, and ‘benami’ transactions. A bench of Chief Justice Satish Chandra Sharma and Justice Yashwant Varma […]

The Delhi High Court has asked the Centre to respond to a request to link property to Aadhaar.more

ED seizes more than Rs 40 crore worth of Supertech Group assets due to allegations of money laundering.

April 14, 2023

NEW DELHI: According to the Enforcement Directorate (ED), assets belonging to the real estate firm Supertech and its directors worth more than Rs 40 crore have been seized in accordance with the anti-money laundering statute. According to the rules of the Prevention of Money Laundering Act (PMLA), a provisional order was issued on Tuesday to […]

ED seizes more than Rs 40 crore worth of Supertech Group assets due to allegations of money laundering.more

Delhi HC orders the creation of a combined task team to curb unlawful sand mining along Yamuna Bank.

April 12, 2023

NEW DELHI: In order to combat what is allegedly unlawful sand mining on the Yamuna River’s bank in the northern portion of the city, the Delhi High Court has ordered the city police to collaborate with their counterparts in Uttar Pradesh and establish a combined task force. In the national capital’s Hiranki village area, Judge […]

Delhi HC orders the creation of a combined task team to curb unlawful sand mining along Yamuna Bank.more

Bombay High Court: Tenants have few rights and can’t control redevelopment.

April 10, 2023

MUMBAI: According to the Bombay High Court, tenants have few rights and cannot tell the owner how to renovate their property. The court ordered the BMC to grant a commencement certificate for redevelopment in the matter of a Khar (West) building where an “obstinate tenant” (HC’s words) was delaying renovation. The owner, a limited liability […]

Bombay High Court: Tenants have few rights and can’t control redevelopment.more

Crackdown to begin on April 7 and retrieve Rs 503 crore from 101 builders.

April 7, 2023

NOIDA: The Gautam Buddh Nagar district administration stressed that developers who have received notifications from the Uttar Pradesh real estate regulator must pay back more than Rs 500 crore before announcing that it will start a crackdown on real estate defaulters on Friday. District Magistrate Manish Kumar Verma, who assumed responsibility last month, announced that […]

Crackdown to begin on April 7 and retrieve Rs 503 crore from 101 builders.more

Pune: The deadline to apply for property tax exemptions is June 30.

April 4, 2023

PUNE: The deadline for making discounted property tax payments has been extended by the local government. If diligent property owners pay the tax before June 30 as opposed to the previous deadline of May 31, they will receive a discount. Tax debtors will also be given an additional month to pay their debts. The tax […]

Pune: The deadline to apply for property tax exemptions is June 30.more

Category: Other Cities

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