Category: Legal Article

ANAROCK raises ~INR 200 Cr (USD 25 Mn) funding from 360 ONE Asset

April 5, 2024

Funds to be deployed into the Firm’s overall business growth and industry-leading Proptech platforms Collaboration to create further value for ANAROCK customers in the fast-growing Indian real estate sector New tech development to leverage Indian real estate potential to surpass USD 1 Tn by 2030 Mumbai, 5 February 2024 – ANAROCK, a leading Indian independent real […]

ANAROCK raises ~INR 200 Cr (USD 25 Mn) funding from 360 ONE Assetmore

Report: 71% of house loans in Gujarat were taken out in Q3FY24.

February 24, 2024

AHMEDABAD: With the dramatic increase in home loan disbursals and the number of applicants, many people in the state are starting to fulfill their dream of owning the house of their dreams. D emand for homes in both the budget and luxury categories has been fueled by rising disposable incomes and increased aspirations. According to […]

Report: 71% of house loans in Gujarat were taken out in Q3FY24.more

The local authority of Bengaluru cannot demand upfront payment of the 50% tax differential: HC

February 21, 2024

BENGALURU: The BBMP chief commissioner cannot, the high court said, demand that 50% of the property tax that was allegedly under-assessed be paid in full upfront before issuing an order under Section 144 (15) (e) of the BBMP Act. This was mentioned by Justice S. Sunil Dutt Yadav in his interim ruling last Friday, which […]

The local authority of Bengaluru cannot demand upfront payment of the 50% tax differential: HCmore

Panels will be established to stop unauthorized building: Tamil Nadu to the High Court.

February 19, 2024

MADURAI: High-level committees would be established in corporations and municipalities throughout the state to monitor and prevent unauthorized projects, the state notified the Madras High Court on Thursday. The state contended that the government had called a meeting by a previous directive that suggested the creation of committees to oversee and stop unauthorized building in […]

Panels will be established to stop unauthorized building: Tamil Nadu to the High Court.more

Sowing Seeds of Wealth: Why Young Investors Should Consider Farmland in Their Investment Portfolio

February 16, 2024

In the dynamic landscape of financial prosperity, the wisdom of esteemed American author Robert Kiyosaki resonates – real estate, even on a modest scale, stands as a timeless avenue for fostering cash flow and accumulating wealth. As young investors navigate the ever-evolving world of financial opportunities, a frequently overlooked yet promising asset class emerges: farmland. […]

Sowing Seeds of Wealth: Why Young Investors Should Consider Farmland in Their Investment Portfoliomore

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

Delhi HC alludes to an investigation by the CBI into unauthorized building.

February 9, 2024

NEW DELHI: The Delhi High Court bemoaned on Thursday the inability of various authorities to stop unauthorized development, stating that this would result in “complete lawlessness” throughout the city and the collapse of the entire system. A bench made up of Justice Manmeet PS Arora and Acting Chief Justice Manmohan also alluded to launching a […]

Delhi HC alludes to an investigation by the CBI into unauthorized building.more

Property tax collection delays since Mumbai’s 2023–24 invoices are still pending.

February 7, 2024

MUMBAI: Property tax collections for 2023–2024 were downsized by BMC from Rs 6,000 crore to Rs 4,500 crore. Its total collection up to January 3 was just Rs 606 crore. Property tax bills for apartments up to 500 square feet must still be issued by BMC. During his budget speech on Friday, BMC commissioner Iqbal […]

Property tax collection delays since Mumbai’s 2023–24 invoices are still pending.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

Sources: Aadhar Housing Finance aims for an India IPO of $600 million.

February 1, 2024

MUMBAI: Aadhar Housing Finance, an Indian home loan firm owned by Blackstone, is aiming for a $600 initial public offering (IPO) valued between $500 million and $3 billion, according to two individuals with firsthand knowledge on Tuesday. Aadhar was purchased by private equity firm Blackstone in 2019 for roughly $300 million as a result of […]

Sources: Aadhar Housing Finance aims for an India IPO of $600 million.more

Category: Legal Article

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