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Property News #14: 850 allottees to get plots after decades, Qatar allows foreigners to own properties, MahaRERA directs the buyer to pay interest

Gurugram: 850 allottees to get plots after decades For the last two months, the Punjab and Haryana High Court have dispelled some 15 litigations questioning the acquisition by HSVP, and 850 people who have been waiting for their land to be possessed in the 57, 52, and 45 sectors for decades are allowed to build […]

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Property News #13: Gurugram: About 2,800 owners may lose water connection, PMAY-Gramin hit an all-time low with a mere 0.06%, Chennai: SPR City raises funds

Gurugram: About 2,800 owners may lose water connection due to pending property tax Around 2 800 owners of properties in the city will soon lose sewers and water sources because of pending property taxes of Rs 1 lakh or more. Gurgaon Municipal Corporation (MCG) sent these owners notifications of clearance of taxes on property within […]

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Property News #12: Property registrations across Pune, Illegal construction may lose OC, property registry in Gautam Budh Nagar

Property registrations across Pune pick up in September The registration of property in Pune was taken in September following a downturn in numbers due to the pandemic However, even though there is a 3% decrease in stamp duty, the registrations are 18% less than in January and February. According to the Confederation of Real Estate […]

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Property News #11: Madras HC on Patta requests, Consumer panel, Goldman Sachs to open an office in Hyderabad

Madras HC raps officials over pending patta requests The high court in Madras noted that the officials were unable to address the petitions, which had led people to go from pillar to pillar and the courts. “Patta is one of the primary documentary evidence to assert land ownership. Pattas may also be used in a […]

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Property News #10: Bengaluru civic body, one-time settlement in Ghaziabad, Rajasthan housing board

Bengaluru civic body eyes Rs 557-crore assets with lapsed leases to fill coffers The cash-strapped BBMP needs to use its properties, whose leases expired. In its kitty with 116 such properties worth Rs 557 crore, Palike searches two choices: renew their rent at the current market rate, or take over and finally sell them off. […]

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Property News #9: Coastal plan for Goa, CBI questions officials over FCRA violations, land acquisition case

NGT sets December 31 deadline to ready coastal plan for Goa On 28 September, the National Green Tribunal (NGT) granted state time to conclude the Coastal Zone Management Plan (CZMP) until 31 December. By 31 January 2021, the State had been ordered to conclude public hearings. The State had previously submitted a request for the […]

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Property News #8: KMC Mutation Process, Cycle Parking Space must in New Town

KMC to upload land info to ease the mutation process Soon, the information regarding the available lands in the areas such as Behala, EM bypass, Tollygunge, and Jadavpur will be uploaded by the Kolkata Assessment Department on its official website. This information will gradually help the buyers to select suitable plots and to purchase it […]

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Property News #7: Agra civic body, Property survey, Penna Cements share till October 5, 2020

Agra civic body issues notice to 63,000 house tax defaulters Agra Municipal Corporation (AMC) has sent a notice to 63,000 defaulters and demanded them to pay their house tax within the given time period of two weeks. It has been also found that some of the property owners have not paid their house tax for […]

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Property News #6: Ludhiana civic body, Bhiwandi civic chief, Jaipur Development Authority

Ludhiana civic body to hold a fresh survey of PG facilities, hostels A fresh survey of paying guest houses, migrant quarters, and hostels are soon to be carried out by the municipal corporation to see whether the number of such properties and their rental rooms is increasing. Although, 39,541 of those properties are registered as […]

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Property News # 5: Commercial properties in amnesty scheme, Conveyance deeds under PM-UDAY, Mysuru City Corporation (MCC)

Proposal to include commercial properties in amnesty scheme The standing committee of the municipal corporation (PMC) proposed to add commercial properties it a tax amnesty scheme that aims to recover the dues. However, this proposal was defended by the Bharatiya Janata Party (BJP). BJP stated that the owners of commercial properties are facing several issues […]

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Property News #4: The housing project of Jaypee, Realty hot spot series, Value of Real Estate under Construction Jumps

Construction resumes at stuck housing project of Jaypee, homebuyers to monitor work  “Thousands of home buyers have been affected in the Uttar Pradesh National Capital Area in terms of delays in real estate projects. These delays are typically due to promoters not complying with their commitments to the home buyers.” As a result, the concerned […]

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Property News #3: Zero stamp duty for homebuyers, Mahindra Happinest project, Tata Projects outbid LT for Parliament work

Tata Housing announces new scheme with zero stamp duty for homebuyers Tata Housing has introduced a new zero-stamp scheme for customer applications beginning this week in the Maharashtra construction-linked payment plan for projects. The new zero stamp duty schemes are offered as an alternative if a customer does not wish to use the scheme. However, […]

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Property News #2: 6 ramps of Maa flyover, pre-Durga Puja road repairs, Maharashtra Government Slashes Stamp Duty

Installation of height bars on all 6 ramps of Maa flyover The Kolkata Metropolitan Development Authority (KMDA) has planned to build new height bars to all 6 entry points of Maa Flyover. The purpose of installing such bars is to unfix or re-fix the horizontal members of the flyover during a VVIP movement as per […]

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Property News #1: A decline in Home Prices, Registry in Haryana, Bhutani Infra

The decline in Home Prices in India during Pandemic India has experienced a decline in the price for homes by 1.9% Year-on-Year (YoY) in India during the pandemic or after the lockdown (Q2 of 2020). In most markets in India, the residential industry was affected by low demand. Furthermore, the pandemic downturn in the global […]