Category: Other Cities

The government of Karnataka proposes a bill to tax unapproved buildings’ property.

July 24, 2024

BENGALURU: On Monday, the Karnataka government introduced two crucial bills in the legislative assembly aimed at increasing revenue and preventing water theft. The Karnataka Municipalities and Certain Other Law (Amendment) Bill, 2024, and the Karnataka Irrigation (Amendment) Bill are designed to hold officials accountable for lapses in property tax collection and curb water theft from […]

The government of Karnataka proposes a bill to tax unapproved buildings’ property.more

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.

July 23, 2024

In a recent ruling, the Karnataka High Court emphasized the necessity for home buyers to name the promoters in their complaints against real estate companies. This comes in response to a common issue where real estate firms declare insolvency while their promoters continue to thrive financially. Some promoters exploit this situation by declaring bankruptcy and […]

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.more

Delhi High Court Quashes Lookout Circulars Against Supertech Realtors’ Director.

July 18, 2024

The Delhi High Court has nullified the lookout circulars (LoCs) issued against Mohit Arora, director of Supertech Realtors, by the Bureau of Immigration. These LoCs were requested by the Bank of Baroda and Union Bank of India. However, the court clarified that its ruling does not address LoCs issued against Arora at the request of […]

Delhi High Court Quashes Lookout Circulars Against Supertech Realtors’ Director.more

Bengaluru Civic Body Collects Just Rs 463 Crore Property Tax Through OTS.

July 11, 2024

BENGALURU: The BBMP’s ‘One Time Settlement’ (OTS) initiative, aimed at recovering overdue taxes, has seen a lackluster response. With the July 31 deadline nearing, the civic body has collected just Rs 463.03 crore, leaving Rs 624.88 crore unpaid. BBMP officials have collected Rs 73.9 crore in the Bommanahalli zone, with Rs 82.77 crore outstanding. In […]

Bengaluru Civic Body Collects Just Rs 463 Crore Property Tax Through OTS.more

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.

July 4, 2024

In a significant setback for developers throughout Gujarat, over 1,000 real estate project-linked bank accounts have been frozen by the Gujarat Real Estate Regulatory Authority (GujRERA) due to non-compliance issues. Developers of these projects failed to meet Quarter-End (QE) compliances by not updating the project completion status with GujRERA within the specified deadline or seeking […]

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.more

The Rise of Farmland as a Secure, Long-Term Investment Choice

July 2, 2024

Vijay Chaudhary, chairman, Ram Rattan Group & Dalmia Ram Rattan In recent years, farmland has increasingly caught the attention of investors seeking stable, long-term investments. This trend is driven by a variety of factors such as environmental and Social Impact, diversification benefits farmland offers, and its potential for value appreciation. According to an IBEF […]

The Rise of Farmland as a Secure, Long-Term Investment Choicemore

Bengaluru local government would allow Rs 5 lakh in khata-less houses to use the OTS tax provision.

June 28, 2024

BENGALURU: The owners of more than 5 lakh khata-less homes in the city will soon get the chance to take advantage of Bruhat Bengaluru Mahanagara Palike’s (BBMP) one-time settlement (OTS) initiative and settle their property tax debts, avoiding fines and interest. The Lok Sabha elections caused a delay in the March OTS launch, according to […]

Bengaluru local government would allow Rs 5 lakh in khata-less houses to use the OTS tax provision.more

In FY25, the Greater Noida Authority would increase land allocation rates by 5.30%.

June 17, 2024

NOIDA: An official release states that the board of the Greater Noida Industrial Development Authority (GNIDA) approved a proposal on Saturday to raise land allocation rates by 5.30 percent for the 2024–25 fiscal year. According to the GNIDA, Greater Noida and Greater Noida West (also known as Noida Extension) will soon see the completion of […]

In FY25, the Greater Noida Authority would increase land allocation rates by 5.30%.more

Future Prospects: How Dwarka Expressway is Shaping Up as India’s Next Business Hub.

June 16, 2024

Mr. Aman Sharma, Managing Director of Aarize Group In the thriving commercial real estate dynamics of Delhi-NCR, Dwarka Expressway has evolved as a hot-button name, catching the attention of both investors and property buyers. In the growth story of Gurugram’s development, this 29-km-long stretch has set a significant milestone in fueling the economic growth of […]

Future Prospects: How Dwarka Expressway is Shaping Up as India’s Next Business Hub.more

MahaRERA maintains 1,750 abandoned housing project registrations on file.

June 11, 2024

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has started the process of taking similar action on another 1,137 projects, while also keeping the registration of 1,750 abandoned housing projects in the state on hold. With 761 projects still unfinished out of these 1,750 total, the Mumbai Metropolitan Area has the most. The second-highest number of […]

MahaRERA maintains 1,750 abandoned housing project registrations on file.more

Category: Other Cities

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