Other cities
The Noida authority has issued notices to 44 builders over due in payments of nearly Rs 1410 crore. The Authority had allotted land to those builders on lease for constructing group housing societies. In this regard it had sent several reminders to the builders but to which they did not respond positively. Following this, the [...] Continue Reading »
The state authority has issued notices to renew licenses of lifts and elevators, to many residential and commercial buildings in Ahmedabad and other cities of Gujarat. It is mandatory that lifts need to be licensed and be renewed regularly. Using lifts that are older and which are not in proper condition is dangerous. An incident [...] Continue Reading »
Central Bureau of Investigation (CBI) has conducted raids in Allahabad and several other cities of Uttar Pradesh pertaining to alleged irregularities in sanctioning of housing loan by a nationalised bank official. Sources from CBI said, raids were conducted in Allahabad, Lucknow and Sant Ravidas Nagar (Bhadohi) in connection with the scam related to alleged misappropriation [...] Continue Reading »
A warning notice has been issued to all developers who have been carrying out illegal construction activities by the Noida, Greater Noida and Yamuna Expressway authorities. The public notice states that the lease of project will be cancelled and the authority will immediately demolish the structure in case of any violation of rules. Many developers in [...] Continue Reading »
The chairman and managing director of realty firm Eldeco, SK Garg, has been arrested by the Central Bureau of Investigation (CBI) on Friday in connection with a graft case in which some senior income tax officials were nabbed by the agency. The CBI had arrested four senior income tax department officials, who were reportedly involved [...] Continue Reading »
Realtors of India are pretty sure that the housing prices will not fall in the near future even after the economy’s downfall. It is a fact that due to the delay by the state government there is pressure on the developers but such delays affect the cost for developers. According to a research made by [...] Continue Reading »
A Memorandum of Understanding (MoU) has been signed between Bihar government and the State Bank of India to provide home loan to state government employees at cheaper rates. As per the MoU, the government being the guarantor would deduct the EMI from the loan beneficiary’s salary if he/she is in default on the loan. This [...] Continue Reading »
To decrease the burden of tax on housing properties, Assam Real Estate and Infrastructure Developers’ Association (AREIDA) has suggested the state government to combine the tax into a whole of 10 per cent which includes VAT, service tax, stamp duty, registration, labour cess and NOC fees. The state is already witnessing a hike in property [...] Continue Reading »
Nagpur Municipal Corporation (NMC) has decided to settle all the pending cases of property mutation of last ten years by organizing a special camp. As of now, there has been many complaints received for property mutation and no action has been taken. Additional deputy municipal commissioner has stated that special camps will be set at all [...] Continue Reading »
A new committee has been formed by the government to examine whether the home ministry’s resident ID card (RIC) scheme can be used to deliver financial services, rural employment, public distribution system and health insurance. For the public distribution and direct cash transfers, the government has planned to use the Aadhaar platform of the Unique [...] Continue Reading »
