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Category: Property Updates

High Court

The Tamil Nadu DVAC has been granted permission to prosecute a government official in an illegal sand mining case.

February 24, 2022

On February 18, the Tamil Nadu government’s Directorate of Vigilance and Anti-Corruption (DVAC) informed the Madras High Court that it had obtained permission from the Additional Chief Secretary, Industries department, to file a case against an official who served as Assistant Director in the Geology and Mining department in an illegal mining case. Justice G […]

The Tamil Nadu DVAC has been granted permission to prosecute a government official in an illegal sand mining case.more
Property Registration

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.

February 19, 2022

Since October last year, when the online facility for first-sale properties was launched to alleviate crowding at state sub-registrar offices, 419 developers have applied for e-registration of their projects from their offices. The registration and town planning authorities approved 347 of the 419 applications, and nearly 300 documents were registered. According to state registration department […]

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.more
Construction Waste Recycling Plant

In April, a construction waste recovery plant in Kolkata will begin operations.

February 18, 2022

Rajarhat’s construction waste recovery plant is nearing completion. According to a Kolkata Municipal Corporation official, the plant will begin operations in April. It will be able to handle 500 tonnes of waste per day. Construction waste will be crushed into aggregates, which will then be mixed with concrete to pave roads. Non-biodegradable construction waste includes […]

In April, a construction waste recovery plant in Kolkata will begin operations.more

The Chief Justice of the High Court of Calcutta has nominated a senior judge to oversee RERA implementation in West Bengal.

February 12, 2022

The Chief Justice of the Calcutta High Court has nominated a senior judge to facilitate the formation of adjudicatory bodies under the central act, indicating that the West Bengal government is moving to implement the Real Estate (Regulation & Development) Act, 2016. The state government’s counsel informed the Supreme Court of this development while urging […]

The Chief Justice of the High Court of Calcutta has nominated a senior judge to oversee RERA implementation in West Bengal.more
Real Estate Investors

Institutional investors are putting more money into residential real estate.

February 8, 2022

Because of the improved sales momentum in this sector of the market, institutional investors have begun to increase their investments in residential real estate. Key factors such as record-low interest rates, pandemic-driven recognition of the need for home ownership, developer incentives, and increased buyer confidence bode well for the residential sector. Furthermore, institutional investors consider […]

Institutional investors are putting more money into residential real estate.more
RERA ACT

Antriksh Golf View 2 residents at wits’ end as Noida authority cancels OC

February 5, 2022

NOIDA: Residents of Antriksh Golf View 2 are at a loss because the Noida Authority… has cancelled the occupation certificate (OC) of the Sector 78 housing society, which consists of approximately 1,055 flats spread across 12 towers. According to officials, the OC was revoked due to violations of various building codes, such as the construction […]

Antriksh Golf View 2 residents at wits’ end as Noida authority cancels OCmore
Waiver on Stamp duty

West Bengal to levy reduced stamp duty till end of March 2022

February 2, 2022

The West Bengal government has decided to levy stamp duty at reduced rates until the end of March, which will significantly boost the residential property market in Kolkata. The third extension follows an outbreak of Omicron across the country, which resulted in a state-by-state lockdown. The 2-percentage-point reduction in stamp duty and 10-percentage-point reduction in […]

West Bengal to levy reduced stamp duty till end of March 2022more
Court Order

Builders cannot impose maintenance fees unless they have an OC: NCDRC.

February 1, 2022

The National Consumer Disputes Redressal Commission ruled that builders cannot charge maintenance fees to buyers who are forced to take possession and begin living in their flats without an Occupancy Certificate (OC) due to delays on the part of builders in obtaining all necessary clearances from the authorities. As per apex consumer forum, homebuyers will […]

Builders cannot impose maintenance fees unless they have an OC: NCDRC.more


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