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More than 308 real estate projects in significant real estate markets, including Mumbai and Navi Mumbai, have received warnings from the Maharashtra Real Estate Regulatory Authority (MahaRERA). There are insolvency and bankruptcy procedures against Thane, Pune, and the rest of Maharashtra. ...
After a one and a half month delay, the civic administration is set to begin delivering property tax bills on May 15. The deadline for taxpayers to receive the 10% discount for on-time payment has also been extended until July 15. ...
Municipal commissioner Radhakrishnan B's "pay online and get 5% rebate in property tax" initiative, which was included in his budget for 2023–2024, has gotten positive feedback. According to Milind Meshram, deputy municipal commissioner (revenue), as many as 4,598 property owners have paid their property taxes for 2023–2024 in the last 24 days and received a combined rebate of Rs19.89 lakh. ...
Dr. Shena Aggarwal, the MC commissioner, has instructed the zonal commissioners to begin issuing sealing notice against defaulters and launch a sealing drive if they still fail to pay the outstanding dues after taking strict note of the non-payment of property tax. ...
The Income Tax authorities conducted searches at the offices of G Square, a well-known Tamil Nadu-based real estate firm, on Monday, according to official sources. According to reports, searches were being conducted throughout the state, particularly in Chennai, Coimbatore, and Tiruchirappalli. G Square did not respond immediately to the tax searches that were taking place on its premises. ...
The MPCB has issued a show cause notice to an in progress building project, purportedly a redevelopment project, on Bhau Daji Road near the Manav Seva Sangh in Sion for failing to get environmental clearance and generating noise pollution. Activists had previously complained that the noise pollution created by hammering and building operations was disturbing elderly residents living in an old age home nearby, and they had demanded action. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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." ...
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