PUNE: Rahul Mahiwal, the commissioner of PMRDA, told TOI on Monday that he had put 20 out of the 50 bids he had received last week on hold since the developers had not provided a clear supply of water for the projects. “These suggestions won’t be approved unless the water source is clarified… The more […]
Due to water access, PMRDA has put 20 development plans on hold.more
MUMBAI: The Authority for Advance Rulings’ Rajasthan bench has ruled that if a lessee (who is registered for GST purposes) uses a residential property for business activities, then GST (Goods and Services Tax) is imposed on the rent. In the instance of Deepak Jain, the petitioner, who rented out his property to a private limited […]
GST must be paid by the lessor on rent if the property is utilized for business.more
Dubai, UAE, 09 January 2024: The International Property Show (IPS) 2024 is set to take center stage at the Dubai World Trade Centre from February 27th to 29th, offering a comprehensive exploration of the ever-evolving landscape of the real estate industry. One of the key features of the IPS 2024 is its insightful IPS Conference, […]
IPS 2024 Conference to Address Key Real Estate Industry Trends.more
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
BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has sent show cause letters to 285 builders for failing to publish the Quarterly Progress Report (QPR) of ongoing projects around the state on the authority’s website, meaning that time is running out for misbehaving promoters. As per the regulations, real estate project promoters are required to […]
285 promoters receive show-cause warnings from Odisha RERA for breaking regulations.more
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
INDORE: An under-construction building was demolished by Indore Municipal Corporation (IMC) on Friday due to the owners’ failure to get necessary clearances and violation of National Green Tribunal (NGT) regulations. The IMC team arrived at Triveni Nagar on Friday morning in response to a resident welfare association’s complaints regarding an unauthorized building being constructed on […]
Indore: Building under construction demolished for breaching NGT regulationsmore
MUMBAI: There could be a glimmer of hope for dozens of high net worth individuals who paid tens of crores a decade ago to book luxury apartments in the 3,500-crore Palais Royale, a skyscraper in Worli. At294m (56 floors), it is one of the tallest residential towers in the country. On December 6, the SC […]
SC upholds Palais Royale’s 2019 sale to Pune’s Honest Shelters.more
Mumbai: After considerable deliberation and in response to requests from multiple developers and architects regarding concerns regarding the structural stability of the sheets, the BMC has decided to reduce the height rule for tin sheets at construction sites from the originally proposed 35 feet to 25 feet. As per the guidelines released by the BMC […]
Mumbai: BMC lowers the building site tin sheet height restriction to 25 feet due to concerns about structural stability.more