Category: Property Updates

The Lucknow city council is offering a 15% property tax rebate through June 30.

April 16, 2024

Lucknow: Property owners who pay before June 30th for their 2024–25 financial year tax will receive a 15% reduction from Lucknow Municipal Corporation. Only people without any unpaid tax obligations from prior years are eligible for this discount. Inderjit Singh, the municipal commissioner, stated: “We used to give 10% off for paying taxes on time. […]

The Lucknow city council is offering a 15% property tax rebate through June 30.more

LAUNCH OF TARC KAILASA

April 5, 2024

TARC Limited, New Delhi-based luxury Real Estate company listed on NSE & BSE announced the launch of its ultra-luxury; high-rise New Delhi Residential Project TARC KAILASA centrally located in New Delhi on main Patel Road. The Company proudly announced one of the biggest launches in the capital city. TARC KAILASA, a 1.7 million square feet […]

LAUNCH OF TARC KAILASAmore
dollar

ANAROCK raises ~INR 200 Cr (USD 25 Mn) funding from 360 ONE Asset

Funds to be deployed into the Firm’s overall business growth and industry-leading Proptech platforms Collaboration to create further value for ANAROCK customers in the fast-growing Indian real estate sector New tech development to leverage Indian real estate potential to surpass USD 1 Tn by 2030 Mumbai, 5 February 2024 – ANAROCK, a leading Indian independent real […]

ANAROCK raises ~INR 200 Cr (USD 25 Mn) funding from 360 ONE Assetmore

To assist homebuyers, UP-RERA begins pre-hearing review of complaints.

February 13, 2024

To expedite the resolution of cases, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) began a pre-hearing review of complaints on Monday. Homebuyers and promoters can file complaints through the e-courts facility provided by UP RERA. On December 2, 2023, it released updated standard operating procedures (SOP) for the submission, review, and hearing of […]

To assist homebuyers, UP-RERA begins pre-hearing review of complaints.more

Notices are sent to 41 unregistered plot projects by MahaRERA.

February 3, 2024

PUNE: The Real Estate Regulatory Authority of Maharashtra has released 41 unregistered plotted development projects in the state that were publicized without the required MahaRERA registration received notices. While conducting property inspections in response to purchasers’ complaints about project delays in rural areas, MahaRERA authorities discovered that developers of numerous planned areas had sold units […]

Notices are sent to 41 unregistered plot projects by MahaRERA.more

If a development impacts public safety, it cannot be allowed to relax development rules: Mumbai HC

January 31, 2024

MUMBAI: When the Bombay High Court ordered the removal of seven mechanized cantilever car parking spots (also known as stack parking) built in a residential structure here, it stated that relaxation of development laws cannot be allowed if it negatively impacts public safety. The housing society in Borivali’s stacked parking system seriously jeopardized everyone’s safety, […]

If a development impacts public safety, it cannot be allowed to relax development rules: Mumbai HCmore
Buy property cheaply at auction

On February 5, the Pune local council will auction off the properties of tax defaulters.

January 11, 2024

PUNE: To recoup debt totaling Rs. 16 crore, the civic authority will auction off the properties of tax defaulters on February 5. Of the 200 properties the administration has designated for recovery, 32 will be auctioned on February 5. “All the property owners who are in arrears have received notifications from the administration. They were […]

On February 5, the Pune local council will auction off the properties of tax defaulters.more

Tamil Nadu’s increased property registration guidelines are overturned by the Madras High Court.

January 9, 2024

CHENNAI: A March 2023 circular from the Tamil Nadu government raising the guideline value of properties in places like Chennai, Coimbatore, and Madurai by 33% was overturned by the Madras High Court on Thursday. Judge P. Velmurugan invalidated the circular on procedural grounds, stating that while the government was allowed to raise the guideline value, […]

Tamil Nadu’s increased property registration guidelines are overturned by the Madras High Court.more