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Property News

Punjab disbursed Rs 261 crore and Haryana Rs 154 crore for the Development of People to Combat Covid-19

Punjab authorities launched Rs 174 crore to 2.90 lakh constructing and different development people for the duration of the first Covid wave and Rs 87 crore to 5.81 lakh such people in the course of the 2d Covid wave to tide over economic crises. The statistics used to be supplied via Union minister of labour […]

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Investment Law Property News

PNB Housing-Carlyle Deal

The authorities have requested public zone banks to take a look at all felony components and lift out ideal due diligence earlier than shifting ahead with stake sales in their non-core assets. This comes after the Punjab National Housing Finance-Carlyle deal controversy the vicinity the PNB board had to search for crook opinion after the […]

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Investment Law Property News

Maharashtra Airport to Help in Providing Plots

In some top information for small investors, the Maharashtra Airport Development Corporation (MADC) would quickly be imparting small plots to them in Mihan. Plot development and allotment will help small buyers and investors. Various firms representing the industries from Vidarbha had raised this demand with the authorities for imparting plots in the vary of one […]

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Property News Tech Law

Digital Transformation of Rajasthan RERA to Hear Cases Online

In its endeavour to assist home-buyers, the Real Estate Regulatory Authority (RERA-Raj) has started out digital listening to cases. Online hearing of real estate cases will be a boon for home buyers. After the lockdown in the country was once prolonged and the choice was once taken to re-open workplaces from June 8, the RERA […]

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Property News Tech Law

Andhra Pradesh’s housing scheme to use power-environment friendly constructing science

The progressive ‘Indo-Swiss strength environment-friendly constructing technology’ would be used in Andhra Pradesh’s housing scheme – Pedalandariki Illu (housing for all the poor). Under the initiative, 30 lakh low-priced homes would be developed in the state. According to nation officials, the Indo-Swiss EE technological know-how would decrease the temperature by using about two ranges of […]

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Property News Tech Law

Delhi Civic Bodies Launch Applications to File Property Taxes

The three municipal companies launched an app on Thursday that will enable residents to file property tax and keep away from touring zonal workplaces for the duration of the pandemic. The three civic bodies—north, south and east corporations—said the strong system, developed with assist from National Informatics Centre, is error-free and effortless to use. However, […]

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Property Law Property News

Plea before Bombay High Court to Waive Property Tax due to Lockdown

On 25th May 2021 a plea by the Federation of Retail Traders Welfare Association has been filed before the Bombay High Court citing the issues of unemployment, huge loss and financial instability that the retail industry is facing right now due to the COVID 19 pandemic situation and lockdown. Advocates Dipesh Siroya and Jamshed Mistry, […]

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Property Law Property News

Kolkata: Salt Lake Landlords are Requested to Submit Tenants’ Details by the Bidhannagar Police Department

On 27th June 2021, the Bidhannagar City Police have urged the homeowners of the Salt Lake area to come forward and submit their tenants’ and paying guests’ details to ensure the security of the landlords and their families. In the meeting held at the BJ Block community hall on the same day, the cops discussed […]

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Property News

Plea before Bombay High Court to Waive Property Tax due to Lockdown

On 25th May 2021 a plea by the Federation of Retail Traders Welfare Association has been filed before the Bombay High Court citing the issues of unemployment, huge loss and financial instability that the retail industry is facing right now due to the COVID 19 pandemic situation and lockdown. Advocates Dipesh Siroya and Jamshed Mistry, […]

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Property News

Property News #35: Taxpayers Yet to Pay Dues, 700 Unsafe Buildings, Furniture Park on 300 acres

Chandigarh: Just 10% of Property Taxpayers Yet to Pay Dues As the city earns Rs 46 crore on both commercial and residential land, approximately 90 percent of taxpayers have paid their duties under both categories.  This move is very significant because the municipal corporation (MC) undergoes a financial crisis using its revenue sources to fulfill […]

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Property News

Property News #34: Neepa Real Estates, Registration Fee for Affordable Houses, Kalbadevi Property

Mumbai: Neepa Real Estates Moves Court against Three Housing Societies A developer of real estate appealed to a civil court in Marol on Tuesday against three housing firms. While the residents protest against problems with water pollution in the houses and the lack of open space, the developer called for the removal of supposedly defamatory […]

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Property News

Property News #33: Tidco houses, Unauthorised structures in Visakhapatnam, DTCP seals two illegal buildings

Andhra Pradesh: Tidco houses allotment to be completed by December 20 The State Government has prepared a proposal to distribute the houses designed by Township and Infrastructure Development Corporation (Tidco) following a dilly-dallying for almost two years. District collectors and city commissioners are ordered by the government to complete the allocation until 20 December. “Coordinating […]

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Property News

Property News #32: RWA charges extra, Builders yet to finish infra work, Bhendi Bazaar redevelopment project

Gurugram: RWA charges extra, Suncity residents file a police complaint Suncity is a residential township located on Golf Course Road where its residents have filed a police complaint and alleged that the RWA of the colony was harassing them.  The residents also stated that they received messages and telephone calls harassing them for paying the […]

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Property News

Property News #31: Property tax for hosting mobile phone towers, Inform on BRS application, Urban housing scheme

Chennai: Property tax for hosting mobile phone towers not collected since 2009 In tax revenue, the Greater Chennai Corporation has lost crores of rupees because since 2009 it has not received an annual tax of Rs 30,000 from property owners hosting cell phone towers. There were around 1,500 such towers in the city when the […]

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Property News

Property News #30: Indiabulls Housing Finance, Singaporeans snap up properties, Delhi-based builders arrested

Indiabulls Housing Finance says their retail book is clean The deputy managing director of the Indiabulls Housing Finance, Ashwini Kumar Hooda stated that most of their NPLs were only from the wholesale book whereas the retail book remained completely clean. When asked about the strong loan growth for the second half of FY21 he stated […]

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Property News

Property News #29: Shop owners move Bombay HC, RERA appellate tribunal, Work of 14 years being undone

Four shop owners move Bombay HC to shut, seal Central Mall Four storeowners have moved the high court of Bombay to “close and seal” the central Mumbai Orchid City Centre, where a fire raged last month until they were restored under a 2006 sanctioned occupation plan and with the installation of proper safety measures. In […]

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Property News

Property News #28: Property tax settlement, Layout regularization scheme, Supertech Basera buyers protest

Property tax settlement scheme nets Hyderabad civic body increased revenue During the Covid-19 pandemic, several ways of producing an immediate income have been developed by Greater Hyderabad Municipal Corporation (GHMC). GHMC was able to generate Rs 248 crores in two months (August 1 to October 31) under the one-time amnesty regime which provides discounts for […]

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Property News

Property News #27: Lal Dora get property cards, Lal Dora-free, Illegal colonies in Haryana

Five villagers in Panchkula district with land under Lal Dora get property cards The administration of Panchkula began the process of registering villagers whose land in Lal Dora was used. Drone mapping is used by the administration to do this. Gian Chand Gupta, Speaker of the Haryana Assembly, opened the central government’s Svamitva system. He […]

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Property News

Property News #26: Technopark Phase III, ED Seizes Shares of Sunil Kumar, Maharashtra Govt Scraps Dharavi Re-development

SC Gives Green Signal for Technopark Phase III Works in Thiruvananthapuram As part of Technopark Phase III development, the building work of the Downtown project will be resumed, and a decision of the Supreme Court on an alleged reclamation of wetland will be made by the applicant to appeal under the rule.  In the 2018 […]

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Property News

Property News #25: Haryana gets concessions, Chief minister to launch land portal, Flex-working centre in Chennai

Haryana gets concessions on DG sets till November 30 The Haryana Government exemption from the use of diesel generator sets for 20 cases until 30 November was granted by the Supreme Court Environment Pollution (Prevention and Control Authority) (EPCA). Subjects:  Since 15 October EPCA has introduced the GRAP (Graded Response Plan for Ghaziabad, Noida, Greater […]

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Property News

Property News #24: Coimbatore civic body, Pune civic body, Centre amends laws

Coimbatore civic body releases a list of top 100 property tax defaulters In Coimbatore, a list of the top 100 defaulters was published who had not paid a total sum of Rs 21 Crore for property tax and warned them immediately to pay the required amount. A list of top twenty defaulters in every region […]

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Property News

Property News #23: Fire NOC checking, Illegal construction rampant, 2BHK houses in Hyderabad

Fire NOC checking drive soon, government tells Gujarat HC The Ahmedabad Municipal Corporation said Monday to the Gujarat high court that it will ensure almost 70 per cent of city buildings receive NOCs in a fire shortly and that the fire controls for fire protection equipment will be relevant shortly.  At the hearing of a […]

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Property News

Property News #22: Haryana share Vikas Prabhakaran, UK’s housing market, Property investment growth

Haryana share Vikas Prabhakaran to auction land of three failed projects To recover pending external development costs (EDC) from the builders, the Haryana Shahari Vikas Pradhikaran (HSVP) will auction about 21 acres of property of three property projects that have failed to take off. This is the first time the planning authority has auctioned the […]

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Property News

Property News #21: ACC’s net profit, Kapil Wadhawan offers Rs 43,000 crore, Kalpataru Properties wins

ACC’s net profit surges 20% to Rs 364 crore in Q2 FY21 The cement maker ACC Ltd reported a consolidated net profit increase of 20.25%, to Rs 363, 85 crore for the third quarter ended on 30 September 2020. The company made a profit of Rs 302, 56 crore in the same quarter a year […]

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Property News

Property News #20: Adani Group and Piramal Enterprises, MahaRERA orders Sanjeevani Vyapar LLP, Shriram Housing looking at a 50-60% increase

Adani Group, Piramal Enterprises among four bidders for DHFL The Adani Group and the Piramal Enterprises are among the four companies that have submitted bids for DHFL, the first insolvent financial services provider. Sources also noted that on 17 October, the last date of the presentation of final offers, the US-based Oaktree and SC Lowy […]

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Property News

Property News #19: Anand Vihar residents allege builder, BAI approaches Maharashtra CM, Genset ban to leave 700 families

Ahmedabad: Anand Vihar residents allege builder tried to redevelop flats without consent Anand Vihar apartment residents submitted an unsuspecting report to the satellite police, claiming that a developer had attempted to demolish their property for redevelopment. It is also reported that GHB helped to bring pressure on residents to leave their homes in the real […]

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Property News

Property News #18: MahaRERA, Greater Noida has Multipoint Meters, Gurugram and Faridabad rely on Gensets

MahaRERA Orders Niraj Kakad Constructions to Refund the Buyer’s Money with Compensation A Rs 1-lakh fine was imposed by Maharashtra Regulatory Authority (MahaRERA) on developer Niraj Kakad Constructions for the psychiatric abuse of the buyer of a home. Moreover, Niraj was imposed to refund Rs 1.52 crores, with 10.40% annual interest from 2014 to date. […]

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Property News

Property News #17: Bengaluru civic body, Can’t go beyond relief already announced, Punjab and Haryana HC

Bengaluru civic body moots 15-30% increase in property tax In an effort to raise revenue for a cash-strapped civic body, the Bruhat Bengaluru Mahanagara Palike (BBMPs) plans a 15 to 30% increase in property tax for both residential and non‐residential units. The Karnataka Municipal Corporation Act of 1976 stipulates that BBMP is to review property […]

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Property News

Property News #16: I-T department raids 26 premises of Popular Builders, Telangana for ending the power of attorney mode, 2 lakh beneficiaries in Visakhapatnam wait for allotment of flats

Ahmedabad: I-T department raids 26 premises of Popular Builders The Department of Revenue Taxes (I-T) conducted a large search in 26 buildings belonging to popular city builders and the management team. The hunt lasted until late at night when officials inventoried the records and valuables confiscated. It was the first major IT department operation after […]

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Property News

Property News #15: Mangalore civic body, Property mutation request, EOW files case against Expat Projects

Mangalore civic body moots bigger homes for pourakarmikas in phase II, III Pourakarmikas, the backbone of urban cleansing, is also known as civic workers and is able to stretch its legs into the “G+3,” which will be constructed in the Mahakalipadpu phase two and three. The public body has revisioned this area to 505 sq. […]