Tag: #Regulatory

The Gujarat High Court upholds RERA’s authority to appoint commissioners.

January 11, 2023

AHMEDABAD: The Gujarat high court upheld the Gujarat Real Estate Regulatory Authority’s (GujRERA) decision to appoint court commissioners to inspect a project site and scrutinize its status on Tuesday, citing RERA’s authority to make such a meeting. This case involved Keya Realty’s ‘Crystal Pramukh Commercial Hub’ project in Vadodara. The project began in 2013, and […]

The Gujarat High Court upholds RERA’s authority to appoint commissioners.more

Kolkata’s municipal government raises property taxes due to a lack of funds.

January 6, 2023

KOLKATA: Faced with a severe revenue shortfall, the Kolkata Municipal Corporation has decided to raise the property tax structure under the unit area assessment (UAA) system throughout the city, affecting nearly 9 lakh property owners. According to a KMC revenue department proposal approved at the mayor-in-council meeting on Wednesday, the base unit of area value, […]

Kolkata’s municipal government raises property taxes due to a lack of funds.more

CBIC: GST is not payable on a house rented to a proprietor for residential purposes.

January 3, 2023

NEW DELHI: The CBIC has stated that from January 1, no GST will be payable on housing units rented to the owner of a proprietary concern for residential use only. The Central Board of Indirect Taxes and Customs (CBIC) also notified changes to GST rates for certain goods and services, effective January 1, 2023, based […]

CBIC: GST is not payable on a house rented to a proprietor for residential purposes.more

The Chandigarh civic body has requested that the railways, the UT, Punjab, and Haryana governments pay property tax.

January 2, 2023

CHANDIGARH: The Municipal Corporation (MC), which has been focusing on defaulters who owe a large amount of property tax, has written a DO (demi-official) letter to top officials of Chandigarh Railway Station, going to ask them to deposit tax of around Rs 2.30 crore. The sum also includes arrears owed to the authority by the […]

The Chandigarh civic body has requested that the railways, the UT, Punjab, and Haryana governments pay property tax.more

NCDRC orders ND Developers to refund homebuyers for delivery delays.

December 30, 2022

BENGALURU: The National Consumer Disputes Redressal Commission (NCDRC) has ordered city-based ND Developers to refund home buyers’ money plus 9% interest for failing to deliver the flats on time. On March 31, 2011, more than 50 homebuyers decided to book flats at ND Laurel, a housing project at Gunjur, near Varthur in Bengaluru East, according […]

NCDRC orders ND Developers to refund homebuyers for delivery delays.more

The Madras High Court has upheld a property tax increase in Chennai and Coimbatore.

December 28, 2022

CHENNAI: The increased property tax regime in Chennai and Coimbatore corporations is unavoidable. The Madras high court upheld the legal implications of a government order rising it in the two cities on Tuesday. Despite dismissing a slew of petitions challenging the councils’ resolutions and the subsequent GO raising the property tax, Justice Anita Sumanth reserved […]

The Madras High Court has upheld a property tax increase in Chennai and Coimbatore.more

The directors of Ansal Properties have been summoned by the Delhi High Court.

December 23, 2022

The directors of real estate firm Ansal Properties & Infrastructure have been summoned by the Delhi High Court to describe the “concealment of facts” from the court and try to “frustrate” its orders. The directors have been directed to remain personally present in the court on January 23. “Prima facie,” the developer of real estate […]

The directors of Ansal Properties have been summoned by the Delhi High Court.more

In one month, the Nashik civic body collects Rs 11 crore from property tax defaulters.

December 8, 2022

NASHIK: The Nashik Municipal Corporation’s (NMC) decision to play the drums in front of large property tax defaulters’ houses is yielding positive results, with the civic body collecting Rs 11 crore in pending property tax from the defaulters in the last month. NMC has been sending teams to big defaulters’ homes and commercial establishments at […]

In one month, the Nashik civic body collects Rs 11 crore from property tax defaulters.more

Navi Mumbai: The SC orders the evacuation of 165 families in order to demolish illegal structures.

December 5, 2022

The Supreme Court has cleared the way for the demolition of two illegal buildings built over a decade ago in Nerul’s Sector 16A on plots reserved for a public garden. The ареx court has ordered the 165 families living in these “towers of corruption,” as activists refer to Krishna Complex and Trimurti Park, to give […]

Navi Mumbai: The SC orders the evacuation of 165 families in order to demolish illegal structures.more

The SC upholds a Bombay HC decision against laws that raise land property taxes.

November 8, 2022

MUMBAI: The SC upheld an April 2019 Bombay high court decision that invalidated three rules for determining the “capital value” of land where construction is set to begin under a new property tax regime. Despite being a setback for the C, the SC decision by a bench led by Chief Justice U U Lalit and […]

The SC upholds a Bombay HC decision against laws that raise land property taxes.more

Tag: #Regulatory

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