The directors of real estate firm Ansal Properties & Infrastructure have been summoned by the Delhi High Court to describe the “concealment of facts” from the court and try to “frustrate” its orders. The directors have been directed to remain personally present in the court on January 23. “Prima facie,” the developer of real estate […]
The directors of Ansal Properties have been summoned by the Delhi High Court.more
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
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 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
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
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
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
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 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
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