CHANDIGARH: The municipal corporation (MC) and the postal service have partnered to issue property tax invoices to residents starting at the end of March and the first week of April. If they pay between April 1 and May 31, taxpayers will receive rebates—20% for residential properties and 10% for commercial structures. Defaulters will start paying […]
Chandigarh: Your April property tax invoices will arrive in the mail.more
PUNE: According to a government resolution (GR) issued by the urban development department (UDD) on Thursday, all local planning authorities must display the commencement certificate (CC) and occupancy certificate (OC) granted for new and upcoming real estate projects on their websites and notify the Maharashtra Real Estate Regulatory Authority (MahaRERA) regarding the sanctions. It also […]
Real estate papers must now be displayed on the websites of Maharashtra’s local bodies.more
NOIDA: Purchasing land near the Noida International Airport site is expected to become more expensive beginning in April. The board of the Yamuna Expressway Authority has increased the land allotment rates in the Jewar airport premises by 30% to 40%, effective next fiscal year. While rates in the group housing and residential plot categories have […]
Looking to purchase property near the Yamuna Expressway? You will have to pay more starting in April.more
MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) ordered real estate agents having a yearly revenue of more than Rs 20 lakh to share information regarding the appointments of a main officer and a designated director on Monday. The Prevention of Money Laundering Act of 2002 (PMLA) and the Prevention of Money Laundering (Maintenance of […]
Under the PMLA, special authorities are required for estate agents with a turnover of Rs. MahaRERAmore
NEW DELHI: One of the most pressing requests from the real estate industry for the upcoming Budget of 2023 is a reduction in home loan rates. With this being Prime Minister Narendra Modi’s final budget before the primary elections in 2024, there are high hopes. According to Samyak Doshi, director of Bhoomi Group, there should […]
Budget 2023 is expected to provide a boost to the real estate industry.more
MUMBAI: HDFC Capital, the estate private equity arm of HDFC Group, announced the initial close of its third fund’s second scheme on Monday, raising USD 376 million. The latest fundraising effort is the third by HDFC Capital’s reasonably priced real estate fund (H-Care 3), and the primary investor in the H-Care schemes is an Abu […]
HDFC Capital raises $376 million for a fund to support affordable housing.more
NEW DELHI: With air pollution in Delhi-NCR improving, the Centre’s air quality panel directed authorities on Wednesday to lift curbs imposed under stage III of the Graded Response Action Plan, along with a ban on non-essential demolition and construction work. The 24-hour average air quality index (AQI) in Delhi was 343 at 4 p.m., down […]
The ban on non-essential construction work in Delhi-NCR has been lifted.more
NEW DELHI: Godrej Properties (GPL) announced an outright purchase of approximately 9 acres of land in Gurugram, Haryana, in a BSE filing. This project will include approximately 1.6 million square feet of luxury residential development. The project’s revenue potential is estimated to be around Rs 2,500 crore. In Kurukshetra, the company recently purchased approximately 62 […]
Gurugram-based Godrej Properties has purchased nine acres of land.more 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
MUMBAI: Sebi, the market regulator, announced on Tuesday that it will implement governance standards for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) along the lines of listed companies. The provisions relating to auditor tenure, leverage computation, and unclaimed/unpaid distributions for REITs and InvITs will be standardized by the regulator. The Sebi board […]
Sebi will establish governance standards for REITs and InvITs that are comparable to those for publicly traded companies.more