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For failing to attend the authority's review meeting, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has decided to take action against 41 developers. Rajesh Kumar Tyagi, the secretary of UP RERA, claims that promoters who persistently skip review meetings and disobey authority directives have been singled out for harsh punishment. Promoters will be charged with violations of the RERA Act and may face imprisonment if they sell the unit after the project registration has expired. ...
For the fiscal year 2022–2023, the municipal corporation collected property taxes at a record-breaking rate, totaling Rs 33.36 crore. The civic organisation set a target of Rs 22 crore for the fiscal year but was able to make an additional Rs 11.36 crore. At the end of March, the municipal organisation had collected a record Rs 33.36 crore in unpaid property taxes, according to MC commissioner Navjot Kaur. Using this as a starting point, MC has suggested collecting Rs 33 crore in the fiscal year 2023–2024. ...
The consumer affairs ministry has organised a high-level meeting of all stakeholders for the purpose of "effectively addressing" such complaints due to the significant number of real estate-related consumer commission cases that are still pending (nearly 10% of all cases) and their growing backlog despite states having RERA tribunals. 53,518 consumer cases are currently pending before consumer commissions nationwide, 9,767 of which are before the National Consumer Disputes Redressal Commission, according to the Consumer Affairs Ministry. ...
On Monday, the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) said that it had received 48,500 complaints over the previous five years, with over 60% of them coming from Gautam Buddh Nagar and 17% from Lucknow. UPRERA stated in a statement that it was able to resolve 42,980, or 88.61 percent, of the total complaints submitted over the time period. According to the UPRERA, Unnao had the lowest complaint disposal percentage (77.02%) and Kanpur Nagar had the highest (93.56%). ...
The National Green Tribunal mandated that 38 builders in Greater Noida West be charged with water theft for allegedly exploiting groundwater and neglecting to pay environmental compensation despite notifications from the Uttar Pradesh Pollution Control Board (UPPCB). The groundwater department was requested by the environmental control board in a letter sent last week to lodge a complaint against the negligent builders. ...
The deadline for making reduced property tax payments has been extended by the local government. If diligent property owners pay the tax before June 30 as opposed to the previous deadline of May 31, they will receive a discount. Moreover, tax defaulters will get an additional month to pay their debts. They have till April 30 to pay the tax for the fiscal year 2022–2023. ...
In one of its significant rulings, the Real Estate Regulation Authority (RERA) ruled that the builder (promoter) may not alter the draft agreement to sell a specified unit in accordance with RERA Guidelines. The allottee is not needed to wait for the resale of the cancelled booking of the apartment in order to receive a refund from the promoter, according to a subsequent Rajasthan RERA ruling. Salvinder Singh Sohata, a member of Rajasthan RERA, made the decision in response to a complaint submitted by allottee Pramod Kumar. ...
The GVMC collected 421.5 crore in property taxes, including proceeds from the unoccupied land tax, for the just ended 2022–2023 fiscal year. The Vizag civic authority has never received tax income this high. By doing this, the GVMC exceeded its own goal of 375 crore in tax revenue for the 2023 fiscal year. The interest waiver offered by the state government for long-term defaulters or for the accumulated debt, as a one-time action, the GVMC officials claim, worked in the municipal body's favour. After the disturbance brought on by the Covid-19 outbreak, the state administration granted the request of several politicians and authorities of the populace. ...
In a letter to police commissioner Kala Ramachandran, the department of town and country planning (DTCP) requested that a FIR be filed against Malibu Estate Pvt Ltd, the company that developed Malibu Towne, for unauthorised building and encroachment. The developer, according to DTCP, encroached on the park area and carried out unauthorised development in the club building. Manish Yadav, the district town planner (enforcement), wrote to the police chief requesting the filing of a FIR and the prosecution of the builder and any accomplices in the unlawful conduct. ...
A city-based builder and its directors have been charged with forgery, fraud, and criminal conspiracy. Assotech Ltd, a real estate firm based in Noida, claims that Vatika Limited entered into a deal with them in 2012 to build a group housing society on 10 acres of property in Gurgaon. A Vatika spokesperson refuted the charges, claiming that Assotech owes them money, including payment for the land as well as fees paid to DTCP on its behalf by Vatika. ...
A one-time 20% rebate has been proposed by the Greater Chennai Corporation for high-profile property tax defaulters who collectively owe the civic body more than 346 crore. However there are certain restrictions on the GCC's offer. Defaulters are only eligible for the concession if they pay all of their debts at once and do so within three months of the council enacting a resolution to that effect. At least 44,436 of the 1.12 lakh defaulters have not paid property tax for more than ten years, and they alone owe the GCC 245 crore. The programme, which has been submitted to the state government for approval, is aimed at those whose overdue accounts have been open for more than five years. ...
The Bombay High Court ruled that the legal mechanism for regularisation "cannot be a weapon to be utilised by the petitioner in every case of rank unlawful building." The HC turned down a hotelier's request for an injunction to stop a civic organisation from tearing down the unlawful buildings and provide time to file a regularisation application. The petitioner, Saqib Khan, agreed to dismantle the unauthorised commercial structure himself in four weeks after the High Court rejected the argument in the morning session on March 15 and allowed for civic action. ...
The controversy surrounding tax theft at zonal offices has actually worked in the municipal corporation's favour. According to the most recent numbers included in the budget paper for 2023–24, an updated database of tax dues and vigorous promotion of online payment of property tax have generated a sort of record in collection, with the corporation earning Rs 115 crore as property tax in 2022–23. The city authority set a goal of Rs 100 crore in 2022–2023. According to statistics, the city's property tax collection climbed by 167% during the previous five fiscal years. ...
The NCLT has ordered that Mantri Developers, a real estate company with offices in Bangalore, begin bankruptcy proceedings after allowing the claim made by Indiabulls Housing Finance Ltd. A two-member panel has also suspended the Mantri Developers board and named Ahsan Ahmad as the organization's temporary resolution specialist. Mantri Developers, a member of the Mantri Group of Companies operating in the real estate sector in Bengaluru, had been accused of defaulting by Indiabulls Housing Finance Ltd (IHFL), according to a complaint filed with the NCLT's Bengaluru bench by IHFL. As of January 1, 2022. ...
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has sent 261 projects show cause notices because less than 40% of the work has been completed despite the flats' projected possession date of December 2023. There are 45,539 flats altogether in the developments, 26,178 of which have been reserved by house purchasers. As part of its monitoring effort, the regulatory authority has been reviewing projects that have been registered with it. MahaRERA has sent the developers show-cause warnings to find out how they plan to finish these projects in the following nine months. ...
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