Category: Legal Article

Real Estate Conclave 2023 – The Future is Real

September 22, 2023

Niranjan Hiranandani School of Management & Real Estate (NHSMRE) Holds Its First Real Estate Conclave The Niranjan Hiranandani School of Management & Real Estate (NHSMRE) (affiliated to the HSNC University) organized its first edition of Real Estate Conclave titled “The Future is Real” at the prestigious Kishinchand Chellaram College auditorium on 8th September 2023. The […]

Real Estate Conclave 2023 – The Future is Realmore
Income Tax Department

The income tax division searches five builders and discovers “Rs 400 crore tax evasion.”

September 21, 2023

GURUGRAM: Five real estate developers, some of whom run hotel chains and schools in the city, are accused of evading taxes by $400 million, according to 200 I.T. officers who have been conducting raids at 28 locations over the past five days. The raids started at 5 a.m. on September 14 and are still going […]

The income tax division searches five builders and discovers “Rs 400 crore tax evasion.”more
Home loan

Ummeed Housing Finance receives a $20 million loan from the US International DFC.

September 19, 2023

The US International Development Finance Corporation (DFC) has approved a $20 million long-term loan for Gurgaon-based Ummeed Housing Finance to help fund housing needs for economically disadvantaged and middle-income people. According to Ummeed’s creator and managing director Ashutosh Sharma, the American finance group will provide the debt at a fixed rate of 4.25% for 15 […]

Ummeed Housing Finance receives a $20 million loan from the US International DFC.more
QR coode

MahaRERA may impose fines on contractors who fail to include QR codes in their ads.

September 15, 2023

NAGPUR: Realtors claim that since the Maharashtra- Real Estate Regulatory Authority (MahaRera) mandated that builders print a QR code for each project in their advertising materials, transparency has been guaranteed. There have not yet been any complaints, according to sources at the Rera headquarters in Nagpur. A builder may be penalized up to 5% of the […]

MahaRERA may impose fines on contractors who fail to include QR codes in their ads.more

Bombay HC looks to empower state to act against illegal constructions.

September 12, 2023

MUMBAI: The Bombay High Court argued on Monday in favor of giving the state authorities the authority to demolish unauthorized and unlawful structures quickly. “The government needs to understand that we don’t despise them. We won’t let this happen while we’re watching. The courts have been largely responsible for this, according to Justices Gautam Patel […]

Bombay HC looks to empower state to act against illegal constructions.more

The Growth Story of Andheri: An Unmissable Real Estate Investment.

September 11, 2023

Andheri West, a bustling suburb in Mumbai, has emerged as a hotspot for real estate investment in recent years. With its strategic location, excellent connectivity, and the plethora of amenities, Andheri West presents a compelling growth story for both homebuyers and investors. Andheri’s prime location within Mumbai is one of its most significant assets. Situated […]

The Growth Story of Andheri: An Unmissable Real Estate Investment.more
Home loan

Banks consider including stamp duty and registry fees in mortgages.

September 9, 2023

According to those with knowledge of the situation, home loan applicants may be eligible for higher funding if the banking sector regulator approves a bank application to include stamp duty and other registration fees in the project cost. Lenders claimed that following an internal discussion at a meeting held last month, they contacted the Reserve […]

Banks consider including stamp duty and registry fees in mortgages.more
ed

ED seizes the possessions of the defendants in the Rs 18 crore home loan fraud case.

September 7, 2023

BHUBANESWARIn relation to a loan scam of Rs 18.79 crore that was allegedly committed by the accused in Bhubaneswar in 2017, the Enforcement Directorate (ED) on Monday attached properties worth around Rs 19.67 crore belonged to a builder and three former bank officials. The ED began an investigation last year based on three FIRs filed […]

ED seizes the possessions of the defendants in the Rs 18 crore home loan fraud case.more
rera

Builders are urged by Delhi RERA to register their projects or face sanctions.

September 4, 2023

NEW DELHI: The Delhi Real Estate Regulatory Authority (D-RERA) has advised all developers against breaking the law and requested that they register any residential or commercial projects with the organization right away. According to a directive released on September 4, failure to follow the directives might result in fines of up to 10% of the […]

Builders are urged by Delhi RERA to register their projects or face sanctions.more

Gujarat High Court summons the state government once more over RERA and REAT vacancies.

August 29, 2023

AHMEDABAD: The Gujarat High Court chastised the state government once more for failing to designate members and the chairperson of the Gujarat Real Estate Regulatory Authority (RERA) and its appeal tribunal. When the government promised the bench of Chief Justice Sunita Agarwal and Justice Aniruddha Mayee that vacancies in these bodies would be filled as […]

Gujarat High Court summons the state government once more over RERA and REAT vacancies.more