Category: Regulatory

Without an approved plan, no building registration Calcutta High Court.

April 27, 2024

KOLKATA: On Thursday, the Registrar of Assurances was instructed by the Calcutta High Court to refrain from registering any property sale deed without the approved plan. Chief Justice T S Sivagnanam and Hiranmay Bhattacharyya, sitting as a division bench, issued the ruling while noting that the structure, which was still under construction when it collapsed […]

Without an approved plan, no building registration Calcutta High Court.more

Countrywide Promoters faces fines from Haryana RERA for deceptive advertising.

April 25, 2024

According to an official, Countrywide Promoters Private Limited has been fined Rs 50 Lakh by the Gurugram court of the Haryana Real Estate Regulatory Authority (HRERA) for releasing a deceptive newspaper advertisement about its real estate project, Green Oaks. The official further stated that the promoter received a show-cause notice from the government after it […]

Countrywide Promoters faces fines from Haryana RERA for deceptive advertising.more

Director of Supreme Construction’s FD worth Rs 113 crore is attached by ED.

April 21, 2024

MUMBAI: A villa in Aamby Valley, several residential and commercial buildings in Mumbai, land parcels in Raigarh District, and fixed deposits totaling Rs. 113.5 crore connected to builder Lalit Tekchandani and his associates in a money laundering case are among the properties that the Enforcement Directorate (ED) has provisionally attached. In a previous instance, the […]

Director of Supreme Construction’s FD worth Rs 113 crore is attached by ED.more

Mumbai: Due to unpaid property taxes, BMC notifies five contractors working on metro projects.

April 20, 2024

On Tuesday, the Mumbai civic body announced that it had sent final notices to five contractors involved in different metro rail projects in the city for failing to pay property taxes totaling approximately Rs 326.22 crore. The Brihanmumbai Municipal Corporation (BMC) said in a release that these enterprises have received final warnings requiring payment within […]

Mumbai: Due to unpaid property taxes, BMC notifies five contractors working on metro projects.more

The Lucknow city council is offering a 15% property tax rebate through June 30.

April 16, 2024

Lucknow: Property owners who pay before June 30th for their 2024–25 financial year tax will receive a 15% reduction from Lucknow Municipal Corporation. Only people without any unpaid tax obligations from prior years are eligible for this discount. Inderjit Singh, the municipal commissioner, stated: “We used to give 10% off for paying taxes on time. […]

The Lucknow city council is offering a 15% property tax rebate through June 30.more

Builders who witness clients failing to make timely payments must register complaints: Chairman of Delhi-RERA

NEW DELHI: If clients fail to pay the full amount owed on residential or commercial buildings they have purchased, builders should lodge complaints with the relevant regulatory bodies, in Delhi said Anand Kumar, chairman of RERA. The chairman of Delhi’s Real Estate Regulatory Authority, Kumar, warned real estate developers not to fall into the “trap […]

Builders who witness clients failing to make timely payments must register complaints: Chairman of Delhi-RERAmore

In the PMC bank scam case, ED attaches a 1,807-acre land lot in Sindhudurg.

April 13, 2024

NEW DELHI: 413 agricultural land parcels in Sindhudurg, Maharashtra, totaling over 1,807 acres have been attached by the Directorate of Enforcement (ED) about a bank loan fraud case involving Punjab and Maharashtra Co-operative Bank (PMC). The agency stated on Tuesday that the 1,807 acres that were attached had a registered value of Rs 52.90 crore, […]

In the PMC bank scam case, ED attaches a 1,807-acre land lot in Sindhudurg.more

Sebi approves Aadhar Housing Finance’s Rs 5,000 crore initial public offering.

April 11, 2024

NEW DELHI: According to an update filed with the markets regulator on Monday, Aadhar Housing Finance Ltd., supported by prominent private equity firm Blackstone, has been given the go-ahead by Sebi to raise Rs 5,000 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the proposed IPO consists of […]

Sebi approves Aadhar Housing Finance’s Rs 5,000 crore initial public offering.more

Tax benefits on investments in another home will still be available to joint owners of the current apartment: ITAT

April 9, 2024

MUMBAI: It is not unusual for a spouse’s name to appear on a flat title. Many people may find value in a recent ruling made by the Income-tax Appellate Tribunal’s (ITAT) Mumbai branch. The Income-tax (I-T) Act’s section 54-F, which deals with long-term capital gains, states that a spouse who co-owns an asset and then […]

Tax benefits on investments in another home will still be available to joint owners of the current apartment: ITATmore

Promotioners of illegal construction in Shantinagar are subject to penalties by the Calcutta High Court.

April 7, 2024

KOLKATA: Two promoters of an unlawful G+4 building at Shantinagar in Salt Lake’s ward 35 were hit with a penalty of Rs 1 crore by the Calcutta High Court on Wednesday. They were also ordered to provide their bank account information, income tax reports, and a list of their own assets by April 12. The […]

Promotioners of illegal construction in Shantinagar are subject to penalties by the Calcutta High Court.more

Category: Regulatory

Sign Up for our Free Newsletter