Category: Legal Article

Rajasthan RERA has begun issuing exemption certificates to builders.

December 22, 2022

JAIPUR: The Rajasthan Real Estate Regulatory Authority (RERA) has begun granting exemption certificates to developers for completed real estate projects prior to sale or marketing. RERA-Raj decided that developers who completed their real estate projects and obtained a completion certificate from any relevant authority, such as development authority, municipal corporation, and urban improvement trust (UIT), […]

Rajasthan RERA has begun issuing exemption certificates to builders.more

Sebi will establish governance standards for REITs and InvITs that are comparable to those for publicly traded companies.

December 21, 2022

MUMBAI: Sebi, the market regulator, announced on Tuesday that it will implement governance standards for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) along the lines of listed companies. The provisions relating to auditor tenure, leverage computation, and unclaimed/unpaid distributions for REITs and InvITs will be standardized by the regulator. The Sebi board […]

Sebi will establish governance standards for REITs and InvITs that are comparable to those for publicly traded companies.more

Experts say the government should refund GST if an incomplete house purchase is cancelled.

December 20, 2022

Experts say the government should refund GST if an incomplete house purchase is canceled. Homebuyers who cancel their purchase of an under-construction home after paying the purchase cost and GST will receive a refund from the government, according to experts. In the 48th GST Council meeting, the finance ministry stated that there is no procedure […]

Experts say the government should refund GST if an incomplete house purchase is cancelled.more

Real estate private equity investment fell 17% to $5.13 billion.

December 19, 2022

NEW DELHI — According to Knight Frank India, private equity real estate investment fell 17 % this year to USD 5.13 billion as investors became cautious amid geopolitical and inflationary concerns. Private equity (PE) investment, in both pure equity and debt form, fell in the housing, office, and retail segments in 2022, while it increased […]

Real estate private equity investment fell 17% to $5.13 billion.more

Customers are irritated by the slow execution of MahaRERA recovery orders.

December 16, 2022

PUNE: Arun Seth (78) has been waiting nearly four years for revenue officials to execute a recovery warrant issued by MahaRERA against the contractor for the delay in ensuring possession of an apartment he purchased in Mumbai. “We had reserved a 550-square-foot one-bedroom flat in Malad in 2011. The developer and I reached an agreement […]

Customers are irritated by the slow execution of MahaRERA recovery orders.more

The ED seizes assets worth Rs. 78 crore in the Heera Gold scam.

December 15, 2022

HYDERABAD: In the Heera Gold scam case, the Enforcement Directorate has temporarily attached the immovable and movable assets of SA Builders and Developers and Neelanchal Technocrats worth Rs 78 crore. It was claimed that the accused real estate firm diverted funds from the crime proceeds to shell companies in Kolkata and Shillong. The properties were […]

The ED seizes assets worth Rs. 78 crore in the Heera Gold scam.more

Builders have asked the Rajasthan government to eliminate double taxation in real estate transactions.

December 13, 2022

JAIPUR: During a meeting with Principal Secretary (Finance) Akhil Arora, the state’s real estate developers stated that they pay stamp duty when purchasing land and signing development agreements. Once again, when they sell the housing units, the buyers must pay stamp duty. “The stamp duty and registration fees are charged twice for the same land,” […]

Builders have asked the Rajasthan government to eliminate double taxation in real estate transactions.more

MahaRERA will approach UDD for a portal that displays approvals.

December 12, 2022

PUNE: The MahaRERA will approach the state’s urban development department (UDD) to establish a dedicated portal for all commencement and occupation certificate approvals. There is currently no portal that displays such permissions. One of the mandatory requirements for registering a project under the Act is that the promoter submits an application for a commencement certificate. […]

MahaRERA will approach UDD for a portal that displays approvals.more

In one month, the Nashik civic body collects Rs 11 crore from property tax defaulters.

December 8, 2022

NASHIK: The Nashik Municipal Corporation’s (NMC) decision to play the drums in front of large property tax defaulters’ houses is yielding positive results, with the civic body collecting Rs 11 crore in pending property tax from the defaulters in the last month. NMC has been sending teams to big defaulters’ homes and commercial establishments at […]

In one month, the Nashik civic body collects Rs 11 crore from property tax defaulters.more

Certus Capital invests Rs30 crore in a Prabhadevi housing project.

November 28, 2022

Certus Capital’s digital neo-financing platform Earnnest.me has decided to invest over Rs30 crore in a premium boutique residential development of real estate developer EON Group in Mumbai’s Prabhadevi neighborhood. The investment with EON Group is part of Certus Capital’s strategy to deploy approximately Rs 500 crore in senior secured real estate credit deals through Earnnest.me […]

Certus Capital invests Rs30 crore in a Prabhadevi housing project.more

Category: Legal Article

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