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
KOLKATA: The West Bengal Real Estate Regulatory Authority (WBRERA) will now handle all proceedings on complaints that home buyers had brought against developers to the now-defunct West Bengal Housing Industry Regulatory Authority (WBHIRA). The Supreme Court stated during a special leave petition (SLP) hearing on May 12 that any orders issued by the WBHIRA will […]
According to SC, West Bengal RERA will hear real estate complaints submitted to HIRA.more
DELHI: As the regulator for mortgage lenders a framework for early warning signals (EWS) has been requested by NHB from home financing companies with asset sizes of over Rs 1,000 crore in order to stop financial fraud and keep accounts from becoming non-performing assets. In a recent circular, the National Housing Bank (NHB) stated that […]
Large housing finance companies are urged by NHB to create a framework for early warning signals.more
NOIDA: The authorities in Noida and Greater Noida are proposing a co-developer strategy as a single solution to two significant issues: completing completed housing projects that have stopped owing to a lack of funds and collecting its dues. As a result of the regulation, businesses rather than realtors will be able to co-develop projects and […]
The Noida government can permit co-developers to finish unfinished projects.more
Over 584 developers of housing projects registered in January have received show-cause warnings from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for failing to update information about their projects. These are a part of the 746 new housing projects overall that total 50,288 flats and were filed with the regulator in January. They are estimated […]
584 developers receive notifications from MahaRERA for failing to update their quarterly information.more MUMBAI: The state consumer commission ordered a housing society in Deonar to pay Rs 55,000 as reimbursement and perform repairs and water-proofing of two-row houses after observing that a housing society cannot shirk its responsibility for necessary maintenance just because the owners have given the house on rent. The Maharashtra State Consumer Disputes Redressal Commission […]
If a home is rented, the housing society cannot avoid its obligations: SCDRC of Maharashtra.more
NOIDA: The marketing offices and remaining inventory of three projects with outstanding debts totaling Rs 1,000 crore were sealed on Thursday by the Noida Authority. The action was taken against two Gardenia Group projects in sectors 46 and 75 for failing to pay debts totaling Rs. 707 crores, as well as a Logix project in […]
Offices and unsold apartments in three buildings in Noida are sealed due to debts of nearly Rs 1,000 crore.more
NEW DELHI: The net profit of Home First Finance Company increased by 6.38 percent during the three months that ended on March 31, 2023. According to a BSE report by the company, its profit after tax increased to Rs 640.28 million in Q4 FY23 from Rs 601.88 million in the equivalent period of the previous […]
In Q4 FY23, Home First Finance’s net profit increased by 6.38%.more
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
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