Category: Regulatory

More than 35% of the properties in Pimpri Chinchwad are not tax-registered.

December 7, 2023

PUNE: An ongoing survey found that almost 35 percent of the properties in the CΜΡ boundaries are not registered with the property tax department. In order to assign a Unique Property Identification Code (UPIC), which will function as a unique ID for all properties under the PCMC jurisdiction, the administration of Pimpri Chinchwad Municipal Corporation […]

More than 35% of the properties in Pimpri Chinchwad are not tax-registered.more

The Bihar government is instructed by the SC to make sure that no new development is done next to the Ganga.

December 5, 2023

NEW DELHI: The Bihar government has been instructed by the Supreme Court to make sure that no more building occurs next to the Ganga River, especially in the Patna area. Judges Aniruddha Bose and Augustine George Masih’s bench ordered the state administration to submit an affidavit notifying it of the demolition of illegal constructions that […]

The Bihar government is instructed by the SC to make sure that no new development is done next to the Ganga.more

Bombay High Court: Demolition of building won’t affect tenancy rights.

November 29, 2023

MUMBAI: A vacation bench of the Bombay High Court upheld the BMC’s November 10 notice to tenants of a Malad building to vacate in anticipation of its immediate demolition, ruling that the mere demolition of a building will not affect the petitioners’ alleged tenancy rights and that they will be entitled to be reconstructed as […]

Bombay High Court: Demolition of building won’t affect tenancy rights.more

Raymond is directed by MahaRERA to deduct 2% of the total amount for the flat upon cancellation.

November 25, 2023

MUMBAI: Raymond Ltd. was ordered by the Maharashtra Real Estate Regulatory Authority (MahaRERA) to withhold only 2% of the entire consideration of an apartment without charging interest. This is because the developer lost the entire sum of approximately Rs 6 lakh that a couple had paid after their reservation was canceled. It referenced a recent […]

Raymond is directed by MahaRERA to deduct 2% of the total amount for the flat upon cancellation.more

Due to incomplete reports, MahaRERA suspends the registration of 248 projects.

November 21, 2023

MUMBAI: Due to the failure to update their quarterly progress reports, MahaRERA has suspended the registration of 248 projects, including three MHADA projects in Pune and Beed that were registered in February of this year. In a similar vein, the failure to update quarterly project reports may result in the suspension of 224 projects that […]

Due to incomplete reports, MahaRERA suspends the registration of 248 projects.more

Pune municipal council seizes 40 items for unpaid property taxes.

November 6, 2023

PUNE: Since the measures’ inception four days ago, the PMC has been actively working to seal the properties of property tax defaulters, taking action against forty assets. Ajit Deshmukh, head of the property tax department, stated, “The defaulters received notices from the civic administration.” We started the sealing procedure when they refused to pay after […]

Pune municipal council seizes 40 items for unpaid property taxes.more

2,000+ property tax defaulters under the scrutiny of the Chandigarh civic government

November 3, 2023

CHANDIGARH: The municipal corporation (MC) is prepared to begin attachment procedures against the top 2,000 owners of commercial and residential real estate who have not paid their property taxes, following many demand notices. The majority of defaulters have not deposited their dues within the allotted time frame. In accordance with Municipal Act Section 138, the […]

2,000+ property tax defaulters under the scrutiny of the Chandigarh civic government more

Bombay HC: Tenants living in abandoned buildings are required to occupy 405 sq ft rehab units.

October 26, 2023

MUMBAI: In a major decision on Monday, the Bombay High Court upheld the right of residents in cessed buildings to receive 405 square feet of carpet for their rehab apartment. 59 people who live in Mohamed Tajbhai chawl in Worli disputed the decision of Oricon Properties Pvt Ltd, the developer, to give them a 351 […]

Bombay HC: Tenants living in abandoned buildings are required to occupy 405 sq ft rehab units.more

Ummeed Housing Finance receives a $20 million loan sanctioned by US International DFC.

October 18, 2023

In order to meet the housing needs of the economically disadvantaged and middle-class people, the US International Development Finance Corporation (DFC) has approved a $20 million long-term loan for Gurgaon-based Ummeed Housing Finance. According to Ashutosh Sharma, the founder and managing director of Ummeed, the American fundraising organization will offer the debt at a fixed […]

Ummeed Housing Finance receives a $20 million loan sanctioned by US International DFC.more

Defense’s objections against the redevelopment of a structure near INS Trata are rejected by the Bombay High Court.

October 6, 2023

MUMBAI: The Bombay High Court ordered the BMC to process permissions for redeveloping a three-story property near the naval missile battery base INS Trata at Worli in four months without receiving approval from the naval authorities after observing that what was not a security risk to the defense establishment earlier cannot become one on being […]

Defense’s objections against the redevelopment of a structure near INS Trata are rejected by the Bombay High Court.more

Category: Regulatory

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