MUMBAI: After MahaRERA issued warrants for the amount, which was around Rs 9 crore, which was owed to homebuyers as compensation and refunds from five developers, was retrieved without going through the auction process. In order to recover Rs 8.72 crore, the MahaRERA issued nine warrants throughout the city, suburbs, and district of Pune. The […]
MahaRERA recovers Rs 9 crore from five developers after nine warrants.more PUNE: In order to address the growing number of complaints regarding violations of the many rules governing the Maharashtra real estate sector, the state office of the Inspector General of Registration and Controller of Stamps (IGR) has requested a review of all property registrations completed between 2020 and 2022. To rule out violations of the […]
From 2020 to 22 Maharashtra IGR will examine all documents for rule violations.more
CHANDIGARH: The Chandigarh Municipal Corporation (MC) has begun sending collection notifications as part of an aggressive enforcement strategy against property tax defaulters. There are about 30,000 homeowners that owe residential property taxes but have not made their payments by the deadline. According to sources who have been made public, the MC has already notified over […]
3,500 people in Chandigarh who have not paid their property taxes are given notices.more
MUMBAI: According to the Reserve Bank’s most recent Financial Stability Report (FSR), the share of residential home loans in total advances has risen from 8.6% in March 2012 to 14.2% in March 2023. It also said that the housing sector is prospering, with sales growing by 21.6% in the fourth quarter of 2022-23 (January-March). In […]
In 11 years, the share of home loans in total advances has risen to 14.2%, according to an RBI data.more
NOIDA: Rajive Kumar, the head of the Uttar Pradesh Real Estate Regulatory Authority, stated that since 2018, recovery certificates totaling Rs 1,200 crore have been settled throughout the state through recovery and mutual consent between homebuilders and customers. On Wednesday, which also happened to be his last working day as the authority’s chairman, Kumar stated […]
Resolutions of RCs totaling Rs 1,200 crore since 2018: UP-Chairman of RERAmore
MUMBAI: The Mumbai branch of the Income Tax Appellate Tribunal (ITAT) ruled in favor of a non-resident taxpayer who had bought an apartment in a posh area of the city, saying that she could not be taxed on the difference of Rs. 55.9 lacks between the agreement value of the apartment and the stamp duty […]
Stamp duty difference and flat agreement price cannot be taxed: ITATmore
VIJAYAWADA: In a recent ruling, the high court reprimanded Canara Bank employees for forfeiting money without obeying the rules when it came to property sales consideration. The high court stated that banks and financial institutions should operate fairly and strictly in accordance with the law regulations when trying to recover their money, noting that they […]
Banks shouldn’t behave like real estate agents, claims HCmore
In order to help new financiers revive struggling housing developments that have left millions of homebuyers throughout the nation in the dark, several high-street banks will waive their first claims to assets and cash flow. Several of the bank CEOs and other industry leaders who spoke about the issue a week ago were willing to […]
Banks might relinquish the right to restart housing projects.more PUNE: No new real estate project shall be registered by Maharashtra Real Estate Regulatory Authority (MahaRERA) until the beginning certificate has been approved by the regional planning authority. The deadline for local authorities—corporations, councils, Nagar panchayats, and metropolitan planning authorities—to connect their websites with MahaRERA or send independent emails regarding project registrations was June 19. […]
For projects to be registered, starting certifications must be verified: MahaRERAmore
PUNE: Since the city authority has sealed over 400 such structures since May of this year, residents who have not paid their property taxes for a number of years may lose their homes. “Notices were sent to the property’s owners and occupants, reminding them of the payment.” However, despite repeated summons, they have not paid […]
400 buildings in Pune have been sealed because of unpaid property taxes.more
