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Ahmedabad civic body instates lien on defaulting property

Saturday 22nd April 2023

The Ahmedabad Municipal Corporation (AMC) has begun imposing liens on homes whose owners have defaulted on property tax in order to get them to pay. The AMC has filed a lien against the Bandhan Party Plot, which is held by Iiva Khoda. The property tax of Rs 17.38 lakh has not been paid by the owner. According to Vakil, the AMC instructed in an order that a lien be placed on the aforementioned property. ...

Madurai and Trichy corporations offer 5% incentive on property tax

Friday 21st April 2023

The corporations of Trichy and Madurai have provided a 5% waiver incentive of up to 5,000 for people who pay their existing property tax dues for the fiscal year (April 2023 to March 2024) before April 30. Property tax income generated by 2.3 lakh property assessments across five zones yields around 110 crore per year for Trichy Corporations. With over 53 crore accrued as arrears owing to late payments each year, the corporation has stated that residents might get 5% of their total tax demand if they make an early payment. ...

Pune property market March deal registrations, stamp duty collection at FY23 peak

Thursday 20th April 2023

With a total of Rs 621 crore, up 20% from February, the Pune real estate market posted its biggest monthly stamp duty collection for the fiscal year 2022–2023 in March. According to Knight Frank India statistics, the total value of the 14,309 properties registered in March 2023 was Rs 9,215 crores. ...

Complainant wants Karnataka Lokayukta to investigate K-RERA

Tuesday 18th April 2023

On Saturday, a property buyer filed a complaint with the Karnataka Lokayukta alleging negligence on the part of the secretary, deputy secretary and under secretary of the housing department as well as the secretary of the RERA. Shailesh Charati, a homebuyer and participant in the Karnataka Home Buyers Forum and Bangalore City Flat Owners' Welfare Association, filed the complaint. ...

Centre to hold conference in Mumbai to discuss ways to redress consumer grievances in real estate

Monday 17th April 2023

The Department of Consumer Affairs will hold a round table meeting in Mumbai on Tuesday to examine strategies to address the complaints of property buyers because the real estate industry accounts for 10% of all consumer commission cases. The need for comprehensive policy initiatives to lower litigation in the housing industry will be covered during the conference. The cases submitted to the Consumer Commissions would be examined in this respect, and the key causes of consumer cases would be noted and presented for discussion. ...

Homebuyers seek damages from MahaRERA for project information update delay

Monday 17th April 2023

The Forum for People's Collective Efforts (FPCE), a pan-India of homebuyers in India, has asked MahaRERA to compensate consumers because real estate developers failed to provide the regulatory authority with a quarterly project update as required by law, and the authority disregarded the information for six years. ...

UP RERA sends notice to M3M India for publicising project in violation of law

Monday 17th April 2023

On Saturday, the Uttar Pradesh RERA said that it had sent a notice to developer M3M India for allegedly beginning promotion and marketing for the sale of apartments in a project in Noida without first registering it with the regulatory authority, resulting into a clear breach of the law. Promoters of M3M India have been advised by the UP RERA to "strictly comply" with Section 3/59, which prohibits them from publicising any housing project without first registering it with the state's RERA. ...

Rudrapur: Same land sold to many people, director of Samiah Builders arrested

Saturday 15th April 2023

Sagir Khan, the director of Samiah Builders, was detained on Friday for cheating by a combined team from Udham Singh Nagar and the Special Operations Group (SOG). Owner Zameel Ahmed Khan has gone missing. It is noteworthy that since 2006, Samiah Builders has been in charge of erecting a colony on 125 acres of land along the Kashipur highway. ...

Delhi court orders putting Gopal Ansal on trial in cheating case

Friday 14th April 2023

Gopal Ansal, a real estate magnate in Delhi, has been ordered to go on trial for allegedly deceiving and defrauding a private firm and its promoters in 1991 in connection with an investment in a building at Connaught Place. Ansal will be charged with cheating, forgery, and criminal conspiracy as part of the alleged offence, Metropolitan Magistrate Yashdeep Chahal ordered. However, the court dismissed Sushil Ansal, a director of the accused Ansal Properties, which was building the Statesman House in this location, finding that the papers on file were "grossly insufficient." ...

Haze over 40% discount hits property tax bill distribution in Pune

Thursday 13th April 2023

Citizens are still unable to pay their property taxes on the Pune Municipal Corporation (PMC) website 12 days into the new fiscal year. Citizens reported being able to check their property tax bills online, however the website displays the message "bill not generated for the current year" when they attempt to make a payment. According to city administration sources, the lack of clarity on property tax invoicing following a 40% reduction for self-occupied houses has caused PMC to delay the distribution of invoices. ...

Hubballi-Dharwad civic body drive to trace property tax evaders

Wednesday 12th April 2023

Hubballi-Dharwad Municipal Corporation has initiated a campaign to track down and collect property tax evaders as well as penalties. There are various open spots in HDMC's 82 wards that lack sufficient fencing and have become waste dumps. Many of the owners of these properties who do not live in the Twin Cities have not paid property taxes in years. Some people have built houses illegally and are just paying taxes on the open spaces. So far, HDMC has identified 3,614 such properties and made procedures to reclaim unpaid taxes totaling Rs 22 million. According to HDMC commissioner B Gopalkrishna, Rs 6 crore has been received thus far. ...

Delhi HC directs constitution of joint task force to stop illegal sand mining near Yamuna bank

Tuesday 11th April 2023

The Delhi High Court has ordered the city police to work with their counterparts in Uttar Pradesh to form a combined task force to combat suspected unlawful sand mining on the banks of the Yamuna River in the city's northern outskirts. Justice Prathiba M Singh, who was hearing a petition alleging illegal sand mining near the Yamuna river embarkment in the national capital's Hiranki village area, observed that illegal sand mining was still going on and that undue advantage was being taken of the fact that while some of the area was within Delhi, the other part was in Uttar Pradesh. ...

Bihar RERA to compensate aggrieved buyers of Agrani Homes in Patna

Monday 10th April 2023

The Bihar Real Estate Regulatory Authority (RERA) seized 27 katha of land held by Agrani Homes in Patna after it failed to meet its commitments to home purchasers and breached RERA standards. On Saturday, RERA erected a sign on the property. The authority would auction the land, according to Naveen Verma, chairman of RERA, Bihar, and the money will be divided to the dissatisfied consumers of various Agrani Homes Private Limited projects to compensate them. ...

Many services linked to flat construction to attract lower 12% GST: AAAR

Sunday 9th April 2023

A recent Appellate Authority for Advance Rulings (AAAR) judgement in the instance of a Thane-based developer would be welcomed by buyers of underconstruction houses, since it may result in lower costs. The appeal panel determined that payments received by the developer, Puranik Builders, for services such as water connection, electricity meter installation and deposit for metre, development costs and legal fees are "inextricably linked" to the principal service of building. ...

Order asking BMC to refund extra property tax upheld by Supreme Court

Sunday 9th April 2023

After the Supreme Court's rejection of its review petition, the Brihanmumbai Municipal Corporation (BMC) would have to recalculate the capital value of all homes in Mumbai and reimburse people who paid property tax under the Capital Value System from 2010 to 2012. The Supreme Court dismissed a review plea filed by the BMC last month appealing a Bombay High Court ruling from 2019 that set aside certain BMC-framed guidelines for retrospective tax assessment. The court has ordered the BMC to create new guidelines and pass new legislation. ...

Ahmedabad civic body instates lien on defaulting property

Madurai and Trichy corporations offer 5% incentive on property tax

Pune property market March deal registrations, stamp duty collection at FY23 peak

Complainant wants Karnataka Lokayukta to investigate K-RERA

Centre to hold conference in Mumbai to discuss ways to redress consumer grievances in real estate

Homebuyers seek damages from MahaRERA for project information update delay

UP RERA sends notice to M3M India for publicising project in violation of law

Rudrapur: Same land sold to many people, director of Samiah Builders arrested

Delhi court orders putting Gopal Ansal on trial in cheating case

Haze over 40% discount hits property tax bill distribution in Pune

Hubballi-Dharwad civic body drive to trace property tax evaders

Delhi HC directs constitution of joint task force to stop illegal sand mining near Yamuna bank

Bihar RERA to compensate aggrieved buyers of Agrani Homes in Patna

Many services linked to flat construction to attract lower 12% GST: AAAR

Order asking BMC to refund extra property tax upheld by Supreme Court

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