Category: Property Updates

The Madras High Court has upheld a property tax increase in Chennai and Coimbatore.

December 28, 2022

CHENNAI: The increased property tax regime in Chennai and Coimbatore corporations is unavoidable. The Madras high court upheld the legal implications of a government order rising it in the two cities on Tuesday. Despite dismissing a slew of petitions challenging the councils’ resolutions and the subsequent GO raising the property tax, Justice Anita Sumanth reserved […]

The Madras High Court has upheld a property tax increase in Chennai and Coimbatore.more

Rajasthan RERA has begun issuing exemption certificates to builders.

December 22, 2022

JAIPUR: The Rajasthan Real Estate Regulatory Authority (RERA) has begun granting exemption certificates to developers for completed real estate projects prior to sale or marketing. RERA-Raj decided that developers who completed their real estate projects and obtained a completion certificate from any relevant authority, such as development authority, municipal corporation, and urban improvement trust (UIT), […]

Rajasthan RERA has begun issuing exemption certificates to builders.more

The ED seizes assets worth Rs. 78 crore in the Heera Gold scam.

December 15, 2022

HYDERABAD: In the Heera Gold scam case, the Enforcement Directorate has temporarily attached the immovable and movable assets of SA Builders and Developers and Neelanchal Technocrats worth Rs 78 crore. It was claimed that the accused real estate firm diverted funds from the crime proceeds to shell companies in Kolkata and Shillong. The properties were […]

The ED seizes assets worth Rs. 78 crore in the Heera Gold scam.more

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Sethia Pride | Kandivali (E), Mumbai | Sethia Infrastructuremore

Builders have asked the Rajasthan government to eliminate double taxation in real estate transactions.

December 13, 2022

JAIPUR: During a meeting with Principal Secretary (Finance) Akhil Arora, the state’s real estate developers stated that they pay stamp duty when purchasing land and signing development agreements. Once again, when they sell the housing units, the buyers must pay stamp duty. “The stamp duty and registration fees are charged twice for the same land,” […]

Builders have asked the Rajasthan government to eliminate double taxation in real estate transactions.more

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December 10, 2022

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World First Hanging Resort | MERAVILLA Pool Citymore

Navi Mumbai: The SC orders the evacuation of 165 families in order to demolish illegal structures.

December 5, 2022

The Supreme Court has cleared the way for the demolition of two illegal buildings built over a decade ago in Nerul’s Sector 16A on plots reserved for a public garden. The ареx court has ordered the 165 families living in these “towers of corruption,” as activists refer to Krishna Complex and Trimurti Park, to give […]

Navi Mumbai: The SC orders the evacuation of 165 families in order to demolish illegal structures.more

Certus Capital invests Rs30 crore in a Prabhadevi housing project.

November 28, 2022

Certus Capital’s digital neo-financing platform Earnnest.me has decided to invest over Rs30 crore in a premium boutique residential development of real estate developer EON Group in Mumbai’s Prabhadevi neighborhood. The investment with EON Group is part of Certus Capital’s strategy to deploy approximately Rs 500 crore in senior secured real estate credit deals through Earnnest.me […]

Certus Capital invests Rs30 crore in a Prabhadevi housing project.more

The SIT has arrested five more developers in connection with the Kalyan-Dombivli RERA scam.

November 24, 2022

KALYAN: In a significant development in the RERA scam, the Special Investigation Committee has finally arrested five developers who prepared forged building authorization documents and used them to obtain RERA certificates to sell their unauthorized flats. The SIT has arrested 65 developers in this case, and they previously arrested 5 people in this scam who’d […]

The SIT has arrested five more developers in connection with the Kalyan-Dombivli RERA scam.more

SC requests information from MHADA on the status of FIRs against builders and surplus areas.

November 23, 2022

NEW DELHI: The Supreme Court on Tuesday ordered the Maharashtra Housing and Area Development Authority (Mhada) to submit details of the surplus area agreed to surrender by builders in 246 housing development and redevelopment projects, as well as the status of FIRs registered by Mhada against builders, within three weeks. The SC bench issued this […]

SC requests information from MHADA on the status of FIRs against builders and surplus areas.more

Category: Property Updates

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