Category: Legal Article

Municipal Commissioner auctions government properties to recover outstanding tax dues.

February 1, 2020

On January 30 Tukaram Mundhe, Municipal Commissioner, ordered the Property Tax Division of Nagpur Municipal Commissioner (NMC) to auction government property in order to recover taxes. After a review of the property tax department, he published the guidance. Currently, 314 properties are owned by the central government and property tax dues of Rs 37.86 crore […]

Municipal Commissioner auctions government properties to recover outstanding tax dues.more

Crisis of the DHFL: ED arrests CMD Kapil Wadhawan under money laundering case, suspected to be in contact with Iqbal Mirchi.

January 29, 2020

Dewan Housing Finance Ltd (DHFL) CMD Kapil Wadhawan, 46 years old, has been arrested and brought before the specified PMLA court by the Enforce Directorate (ED), under the Prevention of Money Laundering Act (PMLA) and held under the custody of the ED until 29 January 2020. The court accepted the Agency’s claim that Wadhawan’s remand […]

Crisis of the DHFL: ED arrests CMD Kapil Wadhawan under money laundering case, suspected to be in contact with Iqbal Mirchi.more

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

Lawyers will provide legal assistance to the distressed homebuyers for free.

January 28, 2020

Maharashtra Real Estate Regulatory Authority (MahaRERA) lawyers decided to provide home buyers with free legal consultancy and support in court from February 1. The Bar Association-run Legal Aid Cell advocates will serve those in need of help in the logjam between builders and homebuyers. The members have held several seminars to raise awareness about the […]

Lawyers will provide legal assistance to the distressed homebuyers for free.more

High Court orders demolition of illegal building, following a resident’s complaint.

January 25, 2020

A professional in service management shows the way for citizens forced to live in illegal buildings. Jaswinder Bansal not only refused to allow the ageing parents to inhabit their redeveloped apartment, constructed in a completely illegal building but also filed a lawsuit in the High Court of Bombay against the builders and the BMC. On […]

High Court orders demolition of illegal building, following a resident’s complaint.more

Delhi government files affidavit before High court alleging that the forest area cannot be regularized according to central law.

January 24, 2020

The AAP government told the Delhi High Court on Thursday that unauthorized forest colonies were barred from regularizing under the Centre’s notification on October 2019, to regularize illegal settlements in the city. Delhi government declared in its affidavit placed before the bench of justices GS Sistani and A J Bhambhani that the Delhi National Capital […]

Delhi government files affidavit before High court alleging that the forest area cannot be regularized according to central law.more

NCDRC upholds police for failure to issue warrants to the partners of KDS Infra Buildcons.

January 22, 2020

In view of the inability of the police to provide non-bailable warrants to the three partners of Kondhwa-based real estate company (Pune) KDS Infra Buildcons for non-compliance of its order, the National Consumer Disputes Redressal Commission (NCDRC) took a strong note of it. In the four years, total, 132 home buyers — mainly retired Ammunition […]

NCDRC upholds police for failure to issue warrants to the partners of KDS Infra Buildcons.more

Developers to get relaxation on penalty due against delayed projects.

January 21, 2020

The GNIDA has modified how it measures money owed by developers, requiring them to later pay penalties for delayed development. Cash-strapped builders can now seek funds from financial institutions or find bailout packages with this. “We will give developers permission to obtain a mortgage from financial institutions as soon as they settle our core dues. […]

Developers to get relaxation on penalty due against delayed projects.more

Developers are avoiding redevelopment projects – proposals down by 50% in the past year.

January 20, 2020

Redevelopment of housing societies, once a capital spin-off for most of the builders in Mumbai, has almost ended. In addition to a sluggish real estate market, developers say projects such as these, which earlier gained huge revenues, are no longer profitable because of the BMC’s high premiums and construction expenses. Throughout the city, developers have […]

Developers are avoiding redevelopment projects – proposals down by 50% in the past year.more

Joint property owners can file income tax return using this forms.

January 13, 2020

The income tax department permits joint owners of single house property to file the income tax return by simply using Form-1 (Sahaj) or Form-4 (Sugam). On 3 January, the taxpayers who had owned a house in joint ownership were debarred, and those who had paid Rs 1 lakh of electricity billed in a year or […]

Joint property owners can file income tax return using this forms.more

Homebuyers filed a writ petition in SC challenging IBC amendment.

January 8, 2020

Homebuyers opposed the central government’s ordinance to amend the Insolvency & Bankruptcy Code (IBC) 2016 and demanded a stay of the operation of Section 3 of the Insolvency and Bankruptcy Code (Amendment) 2019, which aims to modify Section 7 of the IBC. “The writ petition is filed by 11 petitioners from 11 different projects, including […]

Homebuyers filed a writ petition in SC challenging IBC amendment.more

Category: Legal Article

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