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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 #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 #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 #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 #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 #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 #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 #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 #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 #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 #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 #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 #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 #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 #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 […]