Category: Commercial Property

Gurugram: The DTCP closes eight residences in DLF-1 due to unauthorized commercial activity.

August 18, 2023

GURUGRAM: Eight residential units in DLF 1 regions were shut on Thursday by the Department of Town and country planning (DTCP) enforcement division for conducting business without the required authorizations. DTCP has previously shut down more than 50 homes in exclusive residential communities due to violations of building standards. Manish Yadav, the district town planner […]

Gurugram: The DTCP closes eight residences in DLF-1 due to unauthorized commercial activity.more

MahaRERA hires an intelligence service to obtain current project information.

August 11, 2023

MUMBAI: To assist its compliance cell in gathering first-hand information regarding real estate projects that are lapsed, financially precarious, or those that have not been submitting quarterly reports or complying with regulatory compliances, MahaRera has appointed a real estate intelligence agency. MahaRera will be given a separate method by the agency to verify the “real-time […]

MahaRERA hires an intelligence service to obtain current project information.more

In 11 years, the share of home loans in total advances has risen to 14.2%, according to an RBI data.

July 4, 2023

MUMBAI: According to the Reserve Bank’s most recent Financial Stability Report (FSR), the share of residential home loans in total advances has risen from 8.6% in March 2012 to 14.2% in March 2023. It also said that the housing sector is prospering, with sales growing by 21.6% in the fourth quarter of 2022-23 (January-March). In […]

In 11 years, the share of home loans in total advances has risen to 14.2%, according to an RBI data.more

400 buildings in Pune have been sealed because of unpaid property taxes.

June 21, 2023

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

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

Regularization laws should not be used as a tool for illegitimate building.

March 28, 2023

MUMBAI: The Bombay High Court ruled that the legal mechanism for regularisation “cannot be a weapon to be deployed by the petitioner in every case of rank unlawful building.” The HC turned down a hotelier’s request for an injunction to stop a civic organization from tearing down the illegal buildings and allow time to file […]

Regularization laws should not be used as a tool for illegitimate building.more

Chandigarh: Your April property tax invoices will arrive in the mail.

March 20, 2023

CHANDIGARH: The municipal corporation (MC) and the postal service have partnered to issue property tax invoices to residents starting at the end of March and the first week of April. If they pay between April 1 and May 31, taxpayers will receive rebates—20% for residential properties and 10% for commercial structures. Defaulters will start paying […]

Chandigarh: Your April property tax invoices will arrive in the mail.more

In Coimbatore, a corporation collects 43% of outstanding property taxes.

March 15, 2023

COIMBATORE: The city corporation has recovered 43% of unpaid property taxes with around 15 days left in the current fiscal year. Just 38% of the corporation’s unpaid taxes from the previous year were finally collected. Arrears totaled 103 crores at the start of the current fiscal year, of which 44.56 crore have been collected. According […]

In Coimbatore, a corporation collects 43% of outstanding property taxes.more

The Chandigarh Housing Board website no longer has a dues certificate.

March 6, 2023

CHANDIGARH: The no dues certificate (NDC) can be promptly obtained from the Chandigarh Housing Board (CHB) website, which is a huge relief for the majority of allotters and applicants. Nowadays, allottees and applicants must file an application for NDC before requesting a variety of services, including permission to transfer units, change addresses, or get a […]

The Chandigarh Housing Board website no longer has a dues certificate.more

Looking to purchase property near the Yamuna Expressway? You will have to pay more starting in April.

February 21, 2023

NOIDA: Purchasing land near the Noida International Airport site is expected to become more expensive beginning in April. The board of the Yamuna Expressway Authority has increased the land allotment rates in the Jewar airport premises by 30% to 40%, effective next fiscal year. While rates in the group housing and residential plot categories have […]

Looking to purchase property near the Yamuna Expressway? You will have to pay more starting in April.more

Category: Commercial Property

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