Category: Commercial Property

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
Bombay High Court logo

Bombay HC: There is no development fee for projects built on government land.

October 21, 2022

MUMBAI: On Thursday, the Bombay High Court ruled that a Maharashtra town planning law does not exempt developers from paying development charges for projects on civic or government land, including redevelopment. The legislation was never intended to allow a developer or any third party seeking to redevelop a plot owned by a public body or […]

Bombay HC: There is no development fee for projects built on government land.more
merger

Tamil Nadu will investigate the possibility of collaborating on housing projects with Singapore.

October 19, 2022

CHENNAI: According to Palanivel Thiaga Rajan, Tamil Nadu’s finance and human resource management minister, the state is considering developing flagship housing projects in collaboration with Singapore firms. On Tuesday, he said there is a cultural and natural connection between Singapore and Tamil Nadu to collaborate in a few areas during a panel discussion titled “Partnering […]

Tamil Nadu will investigate the possibility of collaborating on housing projects with Singapore.more
Property Transfer

Indiabulls Commercial Credit Buys a Property in South Delhi for Rs 60 Crore.

October 15, 2022

IBCCL, a wholly owned subsidiary of Indiabulls Housing Finance Ltd. (IBHFL), has paid Rs 60 crore to Sheela Gehlot, wife of Ambience group promoter Raj Singh Gehlot, for four floors in Anand Lok in south Delhi. The house is situated on a 780-square-yard lot, with the first four floors being registered separately. According to documents […]

Indiabulls Commercial Credit Buys a Property in South Delhi for Rs 60 Crore.more