Category: Property Updates

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

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

Tamil Nadu: The Income Tax Department raids seven locations owned by businesspeople and real estate companies.

January 5, 2024

COIMBATORE ERODE, CHENNAI: On Tuesday, income tax investigators conducted concurrent searches at various locations in Chennai, Coimbatore, Erode, and Namakkal that were connected to real estate firms, pumpset manufacturers, and construction companies operating in Coimbatore and Erode. Searches were conducted at 7 locations in Coimbatore and 10 locations in Chennai, including Aminjikarai, Anna Nagar, Egmore, […]

Tamil Nadu: The Income Tax Department raids seven locations owned by businesspeople and real estate companies.more

The action taken by MahaRERA over non-compliance leads to a rise in quarterly project updates.

January 4, 2024

Even before the regulator issues a warning, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has noticed a rise in the number of projects adhering to the necessary requirement of Quarterly Progress Reports (QPR). More than 222 projects, or 46.25% of the 480 projects registered in April 2023, have been prompted by the regulator’s rigorous action […]

The action taken by MahaRERA over non-compliance leads to a rise in quarterly project updates.more

A civic body in Indore has identified 2,500 people who have not paid their water and property taxes.

December 31, 2023

INDORE: About 2500 people have been recognized by the Indore Municipal Corporation (IMC) as defaulters with over Rs 1 lakh in unpaid property and water taxes. “We have located about 2500 defaulters who owe property and water taxes totaling at least Rs 1 lakh or more. Of them, roughly Rs 200 crore is still owed […]

A civic body in Indore has identified 2,500 people who have not paid their water and property taxes.more

The Nashik local government gains Rs 46 crore in revenue in six months by bringing 25,000 houses inside the tax net.

December 30, 2023

NASHIK: Over the previous six months, the Nashik Municipal Corporation’s (NMC) property tax department has added 25,000 new properties to its tax rolls, according to a Tuesday statement from officials. 60% of these 25,000 properties come from just the Panchavati and Cidco divisions. According to NMC authorities, these properties will generate an additional Rs 46 […]

The Nashik local government gains Rs 46 crore in revenue in six months by bringing 25,000 houses inside the tax net.more

Just 18% of MahaRERA recovery warrant orders have been completed.

December 24, 2023

PUNE: According to the most recent data available from the Maharashtra Real Estate Regulatory Authority (MahaRERA), for the last six years, the 13 district collectorates in the state have only executed 204 recovery warrant complaints out of a total of 1,123 complaints. Out of Rs 736.66 crore, just 18% of the cases have been resolved, […]

Just 18% of MahaRERA recovery warrant orders have been completed.more

Category: Property Updates

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