Category: Regulatory

The government of Karnataka proposes a bill to tax unapproved buildings’ property.

July 24, 2024

BENGALURU: On Monday, the Karnataka government introduced two crucial bills in the legislative assembly aimed at increasing revenue and preventing water theft. The Karnataka Municipalities and Certain Other Law (Amendment) Bill, 2024, and the Karnataka Irrigation (Amendment) Bill are designed to hold officials accountable for lapses in property tax collection and curb water theft from […]

The government of Karnataka proposes a bill to tax unapproved buildings’ property.more

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.

July 23, 2024

In a recent ruling, the Karnataka High Court emphasized the necessity for home buyers to name the promoters in their complaints against real estate companies. This comes in response to a common issue where real estate firms declare insolvency while their promoters continue to thrive financially. Some promoters exploit this situation by declaring bankruptcy and […]

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.more

Bengaluru Civic Body Collects Just Rs 463 Crore Property Tax Through OTS.

July 11, 2024

BENGALURU: The BBMP’s ‘One Time Settlement’ (OTS) initiative, aimed at recovering overdue taxes, has seen a lackluster response. With the July 31 deadline nearing, the civic body has collected just Rs 463.03 crore, leaving Rs 624.88 crore unpaid. BBMP officials have collected Rs 73.9 crore in the Bommanahalli zone, with Rs 82.77 crore outstanding. In […]

Bengaluru Civic Body Collects Just Rs 463 Crore Property Tax Through OTS.more

MahaRERA Takes Action Against 628 Projects for Registration and QR Code Non-Compliance

July 8, 2024

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proactively targeted 628 housing projects across the state for failing to comply with regulations requiring the display of registration numbers and QR codes in advertising materials. Of these 628 projects, 312 are from the Mumbai region, including Mumbai, Mumbai suburban, Thane, Nashik, and Konkan. About 250 […]

MahaRERA Takes Action Against 628 Projects for Registration and QR Code Non-Compliancemore

The Rise of Farmland as a Secure, Long-Term Investment Choice

July 2, 2024

Vijay Chaudhary, chairman, Ram Rattan Group & Dalmia Ram Rattan In recent years, farmland has increasingly caught the attention of investors seeking stable, long-term investments. This trend is driven by a variety of factors such as environmental and Social Impact, diversification benefits farmland offers, and its potential for value appreciation. According to an IBEF […]

The Rise of Farmland as a Secure, Long-Term Investment Choicemore

Karnataka Government Seeks New K-RERA Chairperson.

June 30, 2024

The Karnataka State Government has announced a call for applications for the Chairperson position of the Karnataka Real Estate Regulatory Authority (K-RERA). HC Kishore Chandra, a retired Director General of Police, who served as K-RERA Chairperson, retired last month at the age of 65. He had been appointed in May 2021. According to Section 22 […]

Karnataka Government Seeks New K-RERA Chairperson.more

Bengaluru local government would allow Rs 5 lakh in khata-less houses to use the OTS tax provision.

June 28, 2024

BENGALURU: The owners of more than 5 lakh khata-less homes in the city will soon get the chance to take advantage of Bruhat Bengaluru Mahanagara Palike’s (BBMP) one-time settlement (OTS) initiative and settle their property tax debts, avoiding fines and interest. The Lok Sabha elections caused a delay in the March OTS launch, according to […]

Bengaluru local government would allow Rs 5 lakh in khata-less houses to use the OTS tax provision.more

Despite the MahaRERA guideline, just 195 projects established grievance redressal cells.

June 26, 2024

Just 195 properties in the state have created the grievance redressal cell, despite the Maharashtra Real Estate Regulatory Authority’s mandate to realty developers to do so for their individual developments. In order to address the complaints of homeowners, the regulator has reviewed the matter and is currently preparing to take legal action against the developers […]

Despite the MahaRERA guideline, just 195 projects established grievance redressal cells.more

BOP and Gaurs Group introducing a guaranteed income investment plan.

June 22, 2024

Mr. Gaurav Mavi, Co-founder of BOP Group. Questionnaire – 1) Please share a brief on Gaur World Smart Street and BOP partnership. For those unaware of the partnership, at BOP — we have been focused upon quality real estate consultancy since inception and this collab is a step forward on the same value quotient. The […]

BOP and Gaurs Group introducing a guaranteed income investment plan.more

Delhi High Court denies PIL asking for orders to demolish purportedly unlawful building.

June 19, 2024

NEW DELHI: The Delhi High Court dismissed a PIL seeking an order to demolish alleged illegal and unlicensed building being carried out in the Okhla Industrial area, with costs of Rs 25,000. The court reasoned that the plea was filed without conducting sufficient research. The authority’s attorney informed the high court that the owner of […]

Delhi High Court denies PIL asking for orders to demolish purportedly unlawful building.more

Category: Regulatory

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