MUMBAI: According to the Bombay High Court, tenants have few rights and cannot tell the owner how to renovate their property. The court ordered the BMC to grant a commencement certificate for redevelopment in the matter of a Khar (West) building where an “obstinate tenant” (HC’s words) was delaying renovation. The owner, a limited liability […]
Bombay High Court: Tenants have few rights and can’t control redevelopment.more
NOIDA: The Gautam Buddh Nagar district administration stressed that developers who have received notifications from the Uttar Pradesh real estate regulator must pay back more than Rs 500 crore before announcing that it will start a crackdown on real estate defaulters on Friday. District Magistrate Manish Kumar Verma, who assumed responsibility last month, announced that […]
Crackdown to begin on April 7 and retrieve Rs 503 crore from 101 builders.more
PUNE: The deadline for making discounted property tax payments has been extended by the local government. If diligent property owners pay the tax before June 30 as opposed to the previous deadline of May 31, they will receive a discount. Tax debtors will also be given an additional month to pay their debts. The tax […]
Pune: The deadline to apply for property tax exemptions is June 30.more
MUMBAI: The Bombay High Court ruled that the legal mechanism for regularisation “cannot be a weapon to be deployed by the petitioner in every case of rank unlawful building.” The HC turned down a hotelier’s request for an injunction to stop a civic organization from tearing down the illegal buildings and allow time to file […]
Regularization laws should not be used as a tool for illegitimate building.more
NEW DELHI: In conjunction with a money laundering probe related to an alleged bank fraud case against the Ambience Group, the Enforcement Directorate announced on Friday that it had attached a multi-storeyed commercial complex in Delhi’s Shalimar Bagh neighbourhood, valued at more than Rs 252 crore. The immovable property is known as Ambience Tower and […]
At Delhi’s Shalimar Bagh, the ED attaches an “Ambience Tower” worth Rs 252 crore.more
PUNE: 25 projects throughout the state that had been marketed without registration are now the subject of another suo motu action by the Maharashtra Real Estate Regulatory Authority (MahaRERA). The developers have received notices, according to officials’ statements on Thursday. In this respect, Pune has the second-highest number of breaches. MahaRERA also sent identical letters […]
For promoting unregistered developments, MahaRERA in Pune has targeted eight more.more
COIMBATORE: The city corporation has recovered 43% of unpaid property taxes with around 15 days left in the current fiscal year. Just 38% of the corporation’s unpaid taxes from the previous year were finally collected. Arrears totaled 103 crores at the start of the current fiscal year, of which 44.56 crore have been collected. According […]
In Coimbatore, a corporation collects 43% of outstanding property taxes.more
NEW DELHI: The market watchdog Sebi stated on Monday that it would auction off 66 Saradha Group properties on April 11 for a reserve price of Rs 32 crore in an effort to collect money that the company had defrauded the public of through deceptive business practices. According to a notice from the Securities and […]
Sebi will organise an auction for 66 Saradha Group properties on April 11.more
MUMBAI: We expect that none of the highrise developments in the city should render people susceptible and prone to such mishaps, in which innocent people might get maimed or lose their life, stated HC in directing BMC to develop standards for the use of cranes in highrise structures. In a plea, Lokhandwala Residency Tower Cooperative […]
Mumbai: The HC orders the BMC to create regulations for the use of cranes when building highrises.more
KALYAN: The two architects who prepared and certified the plan layouts of the majority of the buildings constructed illegally are wanted by the Enforcement Directorate (ED), which is looking into the MahaRERA scam involving 65 developers in Kalyan-Dombivli. However, the ED discovered that both architects provided false information about their firms and are therefore untraceable. […]
MahaRERA Scam: Two untraceable architects who created building plan layouts.more
