Category: Project

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

Given the severe circumstances, the state may need to take drastic measures to stop rogue defaulting builders: HC Bombay

August 10, 2023

MUMBAI: The Bombay high court stated this week that the situation in the city was “now so dire” that the government would need to intervene and take “drastic steps to curb errant constructors in default of their obligations” while carrying out redevelopment projects, including paying transit rent to tenants who had to vacate their properties […]

Given the severe circumstances, the state may need to take drastic measures to stop rogue defaulting builders: HC Bombaymore

Builders are required to transfer common space to the residents’ association: Bangalore RERA

August 3, 2023

BENGALURU: Based on a complaint submitted by Sandeep GW and Jonali Das, the Karnataka Real Estate Regulatory Authority (KRERA) has given substantial instruction to a builder, Signature Dwellings Private Limited. According to the ruling made according to Section 18 of the Real Estate (Regulation and Development Act), 2016, the builder must transfer the common space […]

Builders are required to transfer common space to the residents’ association: Bangalore RERAmore

No buyers, Chintels Paradiso cancels plans to rebuild apartments; most choose repurchase

July 21, 2023

GURUGRAM: The developer of Chintels Paradiso, whose four buildings have been deemed unfit for habitation since a tower collapsed in February 2022, announced on Tuesday that it is rescinding its offer to rebuild or renovate the affected homeowners’ apartments because nobody has opted to do so to date. According to Chintels India, the original offer, […]

No buyers, Chintels Paradiso cancels plans to rebuild apartments; most choose repurchasemore

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

Stamp duty difference and flat agreement price cannot be taxed: ITAT

June 28, 2023

MUMBAI: The Mumbai branch of the Income Tax Appellate Tribunal (ITAT) ruled in favor of a non-resident taxpayer who had bought an apartment in a posh area of the city, saying that she could not be taxed on the difference of Rs. 55.9 lacks between the agreement value of the apartment and the stamp duty […]

Stamp duty difference and flat agreement price cannot be taxed: ITATmore

Banks shouldn’t behave like real estate agents, claims HC

June 27, 2023

VIJAYAWADA: In a recent ruling, the high court reprimanded Canara Bank employees for forfeiting money without obeying the rules when it came to property sales consideration. The high court stated that banks and financial institutions should operate fairly and strictly in accordance with the law regulations when trying to recover their money, noting that they […]

Banks shouldn’t behave like real estate agents, claims HCmore

Banks might relinquish the right to restart housing projects.

June 26, 2023

In order to help new financiers revive struggling housing developments that have left millions of homebuyers throughout the nation in the dark, several high-street banks will waive their first claims to assets and cash flow. Several of the bank CEOs and other industry leaders who spoke about the issue a week ago were willing to […]

Banks might relinquish the right to restart housing projects.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

Category: Project

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