MUMBAI: MahaRera will revoke the registration of up to 291 real estate projects that have been put on hold if the builders do not submit the projects’ quarterly progress reports by November 10. Of these projects, 46 are in Nashik, 63 are in Pune, and 104 are in MMR. Around 363 projects whose Forms 1, […]
If builders don’t update the QPR within a month, MahaRERA will cancel 291 projects.more
MUMBAI: In order to, among other things, speed up the home-buying process and protect customers from potential abuses, the government has decided to organise a committee to work on a model buyer agreement, a top government official declared on Tuesday. According to Consumer Affairs Ministry Secretary Rohit Kumar Singh, the committee, which will include representatives […]
Government will establish a group to develop a sample builder-buyer agreement: Officialmore
JAIPUR: The Rajasthan Real Estate Regulatory Authority (RERA) has begun granting exemption certificates to developers for completed real estate projects prior to sale or marketing. RERA-Raj decided that developers who completed their real estate projects and obtained a completion certificate from any relevant authority, such as development authority, municipal corporation, and urban improvement trust (UIT), […]
Rajasthan RERA has begun issuing exemption certificates to builders.more
JAIPUR: During a meeting with Principal Secretary (Finance) Akhil Arora, the state’s real estate developers stated that they pay stamp duty when purchasing land and signing development agreements. Once again, when they sell the housing units, the buyers must pay stamp duty. “The stamp duty and registration fees are charged twice for the same land,” […]
Builders have asked the Rajasthan government to eliminate double taxation in real estate transactions.more
NAINITAL: The Uttarakhand high court on Monday barred builder Upendra Jindal from constructing a highway road in the reserved forest of Nainital’s Pangoot area. The order was issued while the court was hearing a petition filed by Budhiakot’s gramme Pradhan (which falls under the Pangoot area). According to the petition, villagers applied in 2013 for […]
Uttarakhand High Court prohibits the construction of a highway road in a reserved forest.more
On July 15, officials from the Noida and Greater Noida government, private developers, and homebuyers met to address the deadlock over delayed flat registration. The conference was presided over by Sanjiv Kumar Mittal, the state’s infrastructure and industrial development commissioner. The developers representing Credai and Naredco were requested to submit a new payment plan to […]
Builders are requested to provide a payment plan for the authorities in Noida and Greater Noida.more
The state housing department provides relaxed conditions for the redevelopment of old and decayed cessed buildings in the city with hundreds of Mhada NOCs stuck for over a year. It has removed a 2019 GR which, several developers have said, was unworkable. Now developers would not be expected in order to obtain a redevelopment NOC to […]
State Housing Department Relaxes Rules for the Redevelopment of Cessed Buildings in Mumbai.more
Kolkata Municipal Corporation (KMC) would adopt a two-way strategy to tackle a group of real estate developers who breach municipal laws that eventually hinder apartment owners. First, any tax delays must be paid by the builder and not the buyer. Second, until the KMC provides the developer with a clearance certificate (CC) a buyer cannot […]
Kolkata local body enforces strict law upon tax delays.more
Regardless of the sloppy economy, the demand for luxury property in Mumbai is growing, and developers are preparing to fulfill it. The buyer’s first choice of housing would be luxurious towers in South Mumbai. Living lavishly in a quaint Mumbai neighborhood with plenty of modern facilities and near to all the key destinations. The country’s […]
Demand for luxurious housing mounts in South Mumbai.more
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