Realty News
The Government served notice regarding KMC Amendment by a Division bench chaired by the Chief Justice D H Waghela Recently, a PIL was filed in the Karnataka High Court challenging the insertion of MLAs, MPs, MLCs and Zilla Panchayat Presidents in the MPC or Metropolitan Planning Committee claims to be unconstitutional. After hearing the case, [...] Continue Reading »
Large tracks of land have been lying vacant with Delhi Development Authority. An internal survey finding of DDA has shown that the agency has vacant land worth 1 lakh crore, the size of which is equal to the area of Lutyen’s Delhi. Survey Findings An internal survey to access the worth of vacant land with [...] Continue Reading »
Delay in delivering flats in high rises on time has led to purchasers occupying their homes before receiving their occupancy certificates that are obtained for the projects by the builders. Property developers are supposed to obtain occupancy certificates from the nearest gram panchayat or municipality in whose area the property is located. Delay in completion [...] Continue Reading »
The government is planning a redevelopment of Mumbai’s most derelict docklands. It is predicted that if the government panel can have its way, it enable them to create a waterfront which the city people can visit to lift their spirits and the rich can go to play. Mumbai is the second most densely populated city [...] Continue Reading »
The State Government has announced its decision to increase the guidance rate for property. Suresh Hari, analysing the trend predicts that such a method of calculation can lead to an inflationary trend that excludes price correction at any point of time creating an artificial bubble. An increase in the guidance rate for property, which has [...] Continue Reading »
Delay in the delivery of flat forced a Kochi based builder to pay 16 Lakh to the buyer A Kochi based builder has been penalized by KSCDRC or the Kerala State Consumer Disputes Redressal Commission as it failed to deliver a flat to the resident of the city. KS Vishnu, the complainant approached the Kerala [...] Continue Reading »
Electronic Stamps for stamp duty payment was the first step, Delhi government took towards realizing some revenue. It has now floated the idea of charging electronic registration fee for documents and this includes properties too. Futuristic Approach The idea of this concept is to shed over the old manual up gradation of documents which in [...] Continue Reading »
Vacation homes are a new trend for the holiday folks as they prefer being in bungalows of apartments instead of impersonal hotels. This can be sensible from the financial point of view. Tina Singh, a smart investor bought to big Bungalows a few years back at two holiday spots- one along the busy Baga Beach [...] Continue Reading »
Fine has been imposed on a housing society in Mumbai for charging monthly maintenance fee of Rs 500 for taking their dog along in the lift. The fine has been imposed by state consumer commission which dismissed the appeal filed by the housing society. The society has been asked to pay Rs 5,000 as damage [...] Continue Reading »
In a pioneering announcement or proclamation of sorts, a top official has confirmed that business ties between Indian and US governments would mainly focus on infrastructure. According to a top official in Washington, there has been substantial ground work with regard to Indo-US business ties especially after the meeting of Prime Minister Narendra Modi with [...] Continue Reading »
