Category: Property Updates

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.

January 14, 2023

RAIPUR: In a first of its kind, the Chhattisgarh Real Estate Regulatory Authority (RERA) has issued an order transferring the Nardaha-based private housing project – City of Valencia – to the Chhattisgarh Housing Board in the best interests of the project’s plot holders. The RERA took this action after basic facilities such as a road, […]

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.more

Kolkata’s municipal government raises property taxes due to a lack of funds.

January 6, 2023

KOLKATA: Faced with a severe revenue shortfall, the Kolkata Municipal Corporation has decided to raise the property tax structure under the unit area assessment (UAA) system throughout the city, affecting nearly 9 lakh property owners. According to a KMC revenue department proposal approved at the mayor-in-council meeting on Wednesday, the base unit of area value, […]

Kolkata’s municipal government raises property taxes due to a lack of funds.more

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

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

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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