Category: Legal Article

Mumbai: Developers are now required to provide rehabilitation tenants with more space.

November 4, 2023

MUMBAI: The urban development department of the state has suggested that all BMC and Mhada rehab homes have a floor area of 405 square feet. Section 15 of the notification reads, “The fungible compensatory area admissible on rehab component will be given without charging a premium and such reusable compensatory area for rehabilitation section shall […]

Mumbai: Developers are now required to provide rehabilitation tenants with more space.more

2,000+ property tax defaulters under the scrutiny of the Chandigarh civic government

November 3, 2023

CHANDIGARH: The municipal corporation (MC) is prepared to begin attachment procedures against the top 2,000 owners of commercial and residential real estate who have not paid their property taxes, following many demand notices. The majority of defaulters have not deposited their dues within the allotted time frame. In accordance with Municipal Act Section 138, the […]

2,000+ property tax defaulters under the scrutiny of the Chandigarh civic government more

After the RBI eliminates the CoR, Indian Bank will close down Ind Bank Housing.

October 28, 2023

CHENNAI: Following the RBI’s cancellation of the Housing Finance Company’s certificate of registration (CoR), the public sector Indian Bank would wind up its subsidiary Ind Bank Housing Ltd (HFC). Reporters in Chennai were informed on Thursday by Indian Bank MD & CEO SL Jain that Ind Bank Housing has not operated for the last 20 […]

After the RBI eliminates the CoR, Indian Bank will close down Ind Bank Housing.more

Bombay HC: Tenants living in abandoned buildings are required to occupy 405 sq ft rehab units.

October 26, 2023

MUMBAI: In a major decision on Monday, the Bombay High Court upheld the right of residents in cessed buildings to receive 405 square feet of carpet for their rehab apartment. 59 people who live in Mohamed Tajbhai chawl in Worli disputed the decision of Oricon Properties Pvt Ltd, the developer, to give them a 351 […]

Bombay HC: Tenants living in abandoned buildings are required to occupy 405 sq ft rehab units.more

Notices are sent to 2.4 lakh property tax defaulters by the Nashik civic authority.

NASHIK: With a combined debt of over Rs470 crore, the Nashik Municipal Corporation’s (NMC) property tax department has given letters to 2.4 lakh defaulters. The NMC has instructed the defaulters to pay their taxes within 15 days; if they don’t, the civic organization will begin the warrant-issuing process. For the current fiscal year (2023–24), the […]

Notices are sent to 2.4 lakh property tax defaulters by the Nashik civic authority.more

Why Invest in India? Why Wealth in India!

October 13, 2023

India, a land of diverse cultures and rich history, is not only a treasure trove of experiences but also an increasingly appealing hub for investors seeking growth and prosperity. As one of the world’s fastest-growing economies, India offers an array of opportunities that are hard to ignore. This article explores why investing in India can […]

Why Invest in India? Why Wealth in India!more

If builders don’t update the QPR within a month, MahaRERA will cancel 291 projects.

October 10, 2023

MUMBAI: MahaRera will revoke the registration of up to 291 real estate projects that have been put on hold if the builders do not submit the projects’ quarterly progress reports by November 10. Of these projects, 46 are in Nashik, 63 are in Pune, and 104 are in MMR. Around 363 projects whose Forms 1, […]

If builders don’t update the QPR within a month, MahaRERA will cancel 291 projects.more

Defense’s objections against the redevelopment of a structure near INS Trata are rejected by the Bombay High Court.

October 6, 2023

MUMBAI: The Bombay High Court ordered the BMC to process permissions for redeveloping a three-story property near the naval missile battery base INS Trata at Worli in four months without receiving approval from the naval authorities after observing that what was not a security risk to the defense establishment earlier cannot become one on being […]

Defense’s objections against the redevelopment of a structure near INS Trata are rejected by the Bombay High Court.more

Property purchasers would feel the heat as the government of Karnataka increases the guideline value by 15 to 30%.

October 3, 2023

BENGALURU: Starting on Sunday, the state government of Karnataka will formally increase the guideline value by 15–30%, which will lead to an increase in real estate prices. The minimum price at which a real estate transaction is formally registered is known as the guideline value. This number is significant because it affects how stamp duty […]

Property purchasers would feel the heat as the government of Karnataka increases the guideline value by 15 to 30%.more

After loan repayment, deliver title documents to borrowers: RBI

September 26, 2023

NEW DELHI: All banks, non-banking financial institutions, housing financing businesses, asset reconstruction organizations, and others have been ordered by the Reserve Bank of India (RBI) to produce property documentation within 30 days after repayment. “Upon receiving full repayment and closing of the loan account, regulated enterprises (REs) are required to release all documentation pertaining to […]

After loan repayment, deliver title documents to borrowers: RBImore

Category: Legal Article

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