On July 10, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) disposed of approximately 80 cases under the auspices of the Uttar Pradesh State Legal Services Authority in the first National Lok Adalat. A sum of 91 cases was held for hearing at the Lok Adalat, with 79 of them got disposed of. UP-RERA Legal […]
Over 70 real estate complaints got disposed of by UP-RERA in its first National Lok Adalat.more
The Maharashtra Housing Area Development Authority (Mhada) is set to legally take over the reconstruction of Goregaon West’s Siddharth Nagar (Patra) chawl. The state housing department issued a government resolution (GR) ordering Mhada to finish the halted redevelopment and deliver over dwellings to the 672 tenants and 306 residents who had won allotments under the […]
Mhada will reconstruct Patra Chawl in Mumbai, and tenants would receive rent arrears as well.more
Karnataka is considering adopting the Union government’s Model Tenancy Act in order to end ongoing tenant-owner issues while also revitalizing the rental housing market, according to state Revenue Minister R. Ashoka on July 8. Ashoka informed reporters that the state administration aims to streamline the existing Tenancy Act after analyzing revenue department initiatives here. “This […]
Karnataka will shortly implement a new model of tenancy laws.more
With the Covid-19 outbreak dampening commercial real estate demand, numerous realtors have transformed commercial projects into residential ones. So far this year, approximately 25 commercial projects have been converted to residential designs. Revised building designs for 20 commercial developments in Ahmedabad Municipal Corporation areas have been approved (AMC). Five more projects in Ahmedabad Urban Development […]
Realtors transform commercial projects into residential in the face of severe demand.more
Jaipur- In response to developer requests, the state government has decided to prolong the stamp duty exemption for three months, until September. Despite the fact that the Confederation of Real Estate Developers Associations of India (CREDAI) had written to the finance ministry requesting that the stamp duty exemption be extended until March 2022, the department […]
Stamp duty exemptions for buyers in high-rise buildings have been extended until September 30.more
An only extremely rich individuals can afford this. R K Damani, the owner of the big retail chain D-Mart, has paid Rs 65 crore to convert 1.4 acres (7,634 sqm built-up area) of leased land to freehold. The state revenue department has levied a surcharge of 25% of the ready reckoner rate for the conversion. […]
D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.more
Multiplexes and cinema halls have scarcely been open since the outbreak began and have been forced to close because of limitations set to control the spread of Covid-19. The state administration announced on Tuesday a total exemption from property tax for owners of multiplexes, movie halls, and gyms for the fiscal year 2021-22. The state […]
Gujarat Government provides property tax relief to multiplexes, gym owners.more
Investments in land and buildings necessary for a project will not be included under the production linked incentive (PLI) scheme for ACs and LED lights, and will not be included when establishing a company’s eligibility to benefit from the program. This is part of the rules provided on Friday by the Department for Promotion of […]
Land and building investments are not covered under the PLI scheme.more
PNB Housing Finance’s board of directors has approved an Rs 4,000 crore capital raise plan by the preferential issue of equity shares and warrants, according to a press statement. Pluto Investments, a Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P. affiliate, has decided to invest up to Rs 3,185 crore at preferential […]
PNB Housing is going to raise Rs 4,000 crore from Carlyle Group, others.more
On May 31, 2021, online real estate portal Housing.com and the global business school Indian School of Business (ISB) announced the launch of their Housing Pricing Index (HPI), which will assist potential homebuyers in determining the best time to buy a property and sellers in determining the best time to sell their assets. Homebuyers, investors, […]
Pricing index for housing launched to help homebuyers make informed purchase decisions.more