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Karnataka cuts stamp obligation to 3% on residences beneath Rs forty-five lakh

In a bid to revive the truth zone in the state, Karnataka on Thursday determined to cut down stamp responsibility on registration of residences that price Rs 35-45 lakh from 5 per cent to three per cent. Briefing newshounds after the cupboard meeting, Law and Parliamentary Affairs Minister Basavaraj Bommai stated that the stamp responsibility […]

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Karnataka: Rural areas face property tax hike amid Covid misery

Despite the financial hassle brought about by using the pandemic, residents and industries in rural and semiurban areas may additionally have to pay extra tax. The departments of rural improvement & panchayat raj (RDPR), city improvement and municipal administration format to impose greater property tax quotes and consumer costs for simple amenities. To assist gram […]

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Real property case backlog soars in West Bengal’s purchaser courtroom

Continued uncertainty over the resumption of work at the West Bengal State Consumer Disputes Redressal Commission — or customer court docket — that has remained shut due to the fact May 15 has left countless lots of litigants and attorneys apprehensive. The closure of the apex purchaser courtroom in the kingdom has additionally led to […]

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Property News

UltraTech’s investments will speed up the wheels of financial activity: Kumar Mangalam Birla

Cement maker UltraTech’s investments in the core infrastructure sector, each brownfield and greenfield will useful resource the kickstart of the non-public funding cycle in the economy, stated the company’s chairman, Kumar Mangalam Birla. “Our big funding in the core infrastructure zone will speed up the wheels of the financial undertaking and resource the kickstart of […]

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Property News

Ahmedabad civic physique to trouble property tax payments primarily based on carpet region in Bopal

Bopal residents will be issued their first municipal property tax bills, based totally on carpet location formula, between September, cease and October 2d week. Most of these payments will be between 2.3 to 2.5 instances of the present Nagar Palika bills, declare civic officials. The Ahmedabad Municipal Corporation (AMC) had begun a difficult carpet location […]

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Property News

No extra lets in for stone crushing devices in Tamil Nadu, courtroom reiterates order

Asserting that the stone crushing enterprise in the kingdom is nothing much less than the actual property enterprise in flouting rules, the Madras excessive courtroom on Monday prolonged the remain restraining the nation from enabling any new crushing units. “The curiously insatiable demand for constructing building cloth fuels the industry. Since the actual property enterprise […]

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Aptus Value Housing receives Sebi’s nod to glide IPO

As many as six businesses such as Aptus Value Housing Finance, CarTrade Tech, and Supriya Lifescience have acquired capital markets regulator Sebi’s go-ahead to glide preliminary share-sales. The different corporations that obtained the regulator’s nod are– Krsnaa Diagnostics, Vijaya Diagnostic Centre, and Ami Organics. The six firms, which had filed their respective preliminary IPO papers […]

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Property News

Around 40,000 Amrapali homebuyers might also face a similarly extend in the transport of homes

Around 40,000 homebuyers in Amrapalli’s homes will in all likelihood face similarly lengthen in the transport of their houses, as the contractors working on the tasks have threatened to end the work after non-stop delays in payments from NBCC. At some of the web sites in Noida and Greater Noida, the tempo of work has […]

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Property News

Telangana eyes format regularisation scheme to earn up to Rs 3,000 crore

After improving land values and registration fees for property registrations, the authorities have shifted their focal point on to every other money-spinner — Layout Regularisation Scheme (LRS). The drive, in which open plots in unlawful layouts throughout the country will be regularised, is in all likelihood to fetch between Rs 2,000 and Rs 3,000 crore, […]

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Gujarat authorities to introduce new tenancy act for rented homes

Adopting the authorities of India’s Model Tenancy Act 2021, the Gujarat authorities plan to introduce a new tenancy act for the country to substitute the Bombay (now Gujarat) Rents, Hotel and Lodging House Rates Control Act, 1947. Although the new act will be structured to make certain impartiality to each proprietor and tenants of properties, […]

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Lotus Groups Builders booked for dishonest domestic customers of Rs 30 lakh

A Thane-based couple has filed a case towards a developer for allegedly dishonest them of Rs 30 lakh on the pretext of promoting them a plot in a residential challenge in Sohna. The builder allegedly lured the couple via an online advertisement. Shashi Parkash and his spouse desired to construct a residence in Gurgaon and […]

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Property News

Delhi Court sends Ambience Mall proprietor to ED remand until August 5

A Delhi Court on Thursday despatched businessman Raj Singh Gehlot, proprietor of the Gurugram-based Ambience Mall to Enforcement Directorate (ED) remand until August 5. Gehlot used to be arrested utilizing ED in a cash laundering case associated with an alleged financial institution fraud case. ED on Thursday has sought 14-day remand of him. Additional Sessions […]

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Pimpri-Chinchwad civic physique lags in housing society waste administration

As per stable waste administration rules, it is obligatory for bulk moist waste turbines like housing societies that produce extra than one hundred kg of the moist rubbish day by day to procedure it in their premises. But the industrial city of Pimpri-Chinchwad appears to have failed to enforce it. Among 2,000 housing societies on […]

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Property News

Over 4,900 residences in Secunderabad Cantonment war to register on Dharani

Over 4,900 homes unfold throughout sixteen civilian bazaar areas of Secunderabad Cantonment are struggling to register themselves on the Dharani portal. Reason: A long-drawn tussle with Cantonment Board officers who, they allege, are refusing to the problem ‘no-objection certificates (NoCs) for their establishments, as they are categorised as ‘B3’ lands. This means, these land parcels […]

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Property News

Bengaluru: Buildings with rainwater harvesting may also get a 5% cut price on water payments

The Bangalore Water Supply and Sewerage Board (BWSSB) is taking into consideration taking the reward route to popularise implementation of rainwater harvesting: It can also supply a 5 per cent cut price on month-to-month water payments to homes with RWH facilities. The thinking used to be brainstormed on Saturday throughout a digital session titled ‘Catch […]

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Property News

Builders in Pune can use deposit notes for wider payments

The Pune Municipal Corporation has determined to lengthen the utility of credit score notes supplied to builders after the standing committee authorised the proposal. These notes can now be used to make repayments of property tax, sky signal branch tax, street digging prices and water charges. The civic physique had allowed deposit notes solely for […]

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Pune: Mantri Dwellings’ pre-arrest bail plea rejected

A periods court docket right here has rejected an anticipatory bail plea by means of Bengaluru-based realtor Sushil Pandurang Mantri and his spouse Snehal is a crook case registered on February 12. The case was once filed via a 74-year-old homebuyer from Wadgaonsheri, who alleged failure to supply a flat he had booked in 2015 […]

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Property News

Noida: 200 residential plots up for grabs in Sector 151 quickly

After an upcoming golf direction in Sector-151, Noida authority will now launch a residential plot scheme of over 200 plots in the newly developed quarter throughout the Noida freeway with the aid of July end-early August. While the plots vary from 250 to 450 sqm, officers have been given a closing date of July 31 […]

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Property News

Ghaziabad improvement physique identifies over 320 unlawful colonies, to make listing public

The Ghaziabad Development Authority (GDA) has recognized over 320 unlawful colonies in the district and it plans to make the listing public so that customers exercising warnings whilst investing in such colonies. The listing will quickly be uploaded on GDA’s portal. In fact, GDA has lengthy tried to rein in unlawful colonies and a few […]

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Property News

The rise in uncooked cloth fees may additionally lead to dearer residences in Nagpur: Builders

Home shopping may also get dearer in the coming days, say builders as they may also have to subsequently skip on the enlarge in value of development cloth to the buyers. This can also appear in the sparkling bookings of ongoing initiatives as a number of new plans have been held up due to the […]

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Visakhapatnam civic physique to chalk out diagram for slum improvement

In a first step toward making ready a slum upgradation motion plan, the Greater Visakhapatnam Municipal Corporation has determined to launch a two-day survey to recognize the infrastructural matrix in slums. The survey, which would be held on July eleven and July 12, would combination information pertaining to slum dwellers, geographical precincts of every slum, […]

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Property News

Clear building particles from the river, will come to test it: Bombay HC to Pune officers

The Bombay excessive courtroom on Friday took to project Pune municipal authorities over the latter’s failure to quit the dumping of building particles into the Mula Mutha river. A bench of Chief Justice Dipankar Datta and Justice GS Kulkarni requested the district collector and the civic physique to without delay clear the river of such […]

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South Mumbai plot deserved, SRA alternative opens up for Esarac Construction

The kingdom city improvement branch has eliminated the reservations for a garden/park and inexperienced belt on a high 2.5-acre Nepean Sea Road plot in south Mumbai, paving the way for full-fledged construction. Nepean Sea is one of the most high-priced residential zones in the country, the place new flats command prices as excessive as Rs […]

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Over 425 structures in Delhi are recognized as dangerous

Total 428 structures have been recognized as risky in the annual constructing survey carried out through the three municipal companies of Delhi this year. Surprisingly, East Delhi Municipal Corporation, which surveyed about 3.9 lakh buildings, did now not discover even a single unsafe structure. A senior east business enterprise legit stated that the survey workout […]

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Property News

Madras HC stumbles on rampant land sale fraud in cooperative societies

Slamming frauds in cooperative societies, the place top rate lands are offered off for a tune via elected office-bearers and workforce members, Madras excessive courtroom has ordered a thorough audit of all sale transactions of all societies in the state. Justice N Anand Venkatesh disregarded a petition filed by using R V Shanmuganandam who sought […]

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Karnataka to quickly undertake new mannequin tenancy act

Karnataka is taking into account to undertake the Union government’s Model Tenancy Act in order to stop the non-stop tenant-owner disputes except revitalising the condo housing sector, nation Revenue Minister R. Ashoka stated right here on Thursday. After reviewing income branch schemes here, Ashoka advised journalists that the kingdom authorities need to simplify the present […]

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Construct new buildings with disabled-friendly services: Madras HC

The Madras high court on Monday over again held that no new public homes be constructed or sanctioned or planned without providing gets right of entry to persons with disabilities. The primary Bench of leader Justice Sanjib Banerjee and Justice Senthilkumar Ramamoorthy, which gave the ruling, additionally said the respondents, especially the public Works department […]

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Property News

Mumbai witnesses giant-scale appointments of impartial directors in housing societies

For over 12 months the Mumbai Metropolitan Region (MMR) is all at once witnessing on the giant scale the appointments of impartial directors in the location of housing society management. This has raised eyebrows amongst the participants of heaps of societies that are due for redevelopment as many builders and contractors have allegedly taken undue […]

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Rail Land improvement Authority to redevelop Mumbai’s Supari Baug Colony

The Rail Land improvement Authority (RLDA) will redevelop the Supari Baug Colony at Parel, Mumbai. The authority has invited e-bids for engaging architectural and real estate consultancy for the website, which is placed in South Mumbai in the area of company hubs such as Nariman factor, BKC and possesses amazing connectivity to the prominent landmarks […]

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Noida: Will justice prevail for domestic customers in Kessel I Valley project?

Justice not on time is justice denied. This appears to have come authentic for around 2,000 regular savers who had booked homes and stores within the Kassel I Valley network housing mission in greater Noida. Those home consumers had filed a case underneath the remodelled bankruptcy laws about 4 years ago, mentioning fraud through the […]