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Pune civic body to give discounts on property tax to residences with clean premises

Pune civic body to give discounts on property tax to residences with clean premises
  PUNE: the civic body is intriguing to reward the housing societies and residences holding their propositions clear to get solid waste management to the grassroots level. A Pune Municipal Corporation (PMC) the referee announced the tidiest houses and society complexes would get bonuses and other perks like reductions on property tax. He said a board of authorities [...] Continue Reading »

MHADA Unable To Acquire 11,515 Sq.Ft In Mumbai’s Suraj Apartment

MHADA Unable To Acquire 11,515 Sq.Ft In Mumbai’s Suraj Apartment
The Maharashtra Housing and Area Development Authority (MHADA) has lost a nearly 20-year-old battle to acquire 11,515 square feet in Mumbai’s Suraj Apartment. A 38-story pencil-like tall building at Breach Candy, in South Mumbai. MHADA had held up claim to the area on the basis of the extra Floor Space Index (FSI) allegedly used by [...] Continue Reading »

Widows can now gift, sell properties without NOC

Widows can now gift, sell properties without NOC
A controversial circular issued in 2018 which made it mandatory for Goan Widows to receive a No Objection Certificate from the deputy collector’s office before selling their properties. But now, it has been removed with immediate effect. As per the government, this order will be a big relief to all widows based in Goa, abroad, [...] Continue Reading »

Real Estate Regulator Seek More Power to Attach Projects of Unreliable Builders

Real Estate Regulator Seek More Power to Attach Projects of Unreliable Builders
Depressed with builders, the regulators are possible to seek more power under the law to enable them to attach unsold inventories of builders to make them come in line and find directions to finish projects. RERA Authorities from across states have come together in Lucknow and push for revisions in the Real Estate Regulation and [...] Continue Reading »

NGT Imposes Rs 22.5 Crore Penalty on Sonipat Builders for Violating Environmental Laws

NGT Imposes Rs 22.5 Crore Penalty on Sonipat Builders for Violating Environmental Laws
The National Green Tribunal (NGT) has imposed an interim penalty of Rs 22.5 crore on 6-builders in Haryana’s Sonipat area for breaking environmental laws. As per NGT, violations are of serious nature and the compensation must have a precautionary look. The Green Tribunal imposed environment compensation of Rs 10 crore on TDI Infrastructure Ltd for [...] Continue Reading »

High Court Orders BDA to Ensure Realtors Relinquish Dedicated Areas as Per Approved Plans

High Court Orders BDA to Ensure Realtors Relinquish Dedicated Areas as Per Approved Plans
When realtors create residential developments, they are to abide by a set of rules that determine how much of land is to be set aside for parks, roads and civic amenities and what is to be done with such dedicated area once the development is completed. There is often a conflict of interest between the [...] Continue Reading »

NRI investors sue ICICI Venture over losses on Investments

NRI investors sue ICICI Venture over losses on Investments
In a first of its kind legal defamation against private equity firms, a group of non resident Indians have come together to sue ICICI ventures seeking damages for losses on their investments. A total of 69 non residents Indians have issued a joint statement accusing Dynamic India Fund III run by ICICI Venture of misleading [...] Continue Reading »

Judicial Probe into Vadra Land Deals Likely

Judicial Probe into Vadra Land Deals Likely
The newly elected and sworn in Haryana state government has made it clear that it is likely to order a probe into all the past land deals involving Robert Vadra, the son-in-law of congress president Sonia Gandhi. The announcement comes just a day after the new Haryana government was sworn in after it won an [...] Continue Reading »

Rs 5 lakhs fine levied on builder for poor services

Rs 5 lakhs fine levied on builder for poor services
A note of caution for all builders who have been providing deficient services to their customer; a Thane based builder has been fined Rs 5 lakh by a consumer forum for the deficient services offered to a housing society located there. The complaint was filed by the Tania Kadamb Co-operative Housing Society Ltd. Located in [...] Continue Reading »

Nalini Chidambaram questioned by CBI regarding Saradha issue

Nalini Chidambaram questioned by CBI regarding Saradha issue
Nalini Chidamabaram, wife of former Finance Minister P Chidambaram, has been examined by CBI in connection with the alleged multi-crore Saradha chit fund scam. CBI examined Nalini, a Supreme Court lawyer, yesterday evening in Chennai in connection with the legal fee paid to her by the Saradha group, official sources said here. The sources said [...] Continue Reading »



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