Realty News
CHENNAI: The Chennai Metropolitan Development Authority (CMDA) tasked to solve unlawful development in the city has clasped and sealed a maximum of 15 so buildings a year since 2017. This when there are objections about at least 1,000 such illegal buildings scattered over the Chennai Metropolitan Area (CMA), which holds the city proper and neighborhoods in Kanchipuram, [...] Continue Reading »
In a bid to boost the economy and strengthen the construction sector in the country, the PM Narendra Modi led government has instructed all ministries and departments to facilitate due payments to contractors and construction companies. The purpose is to invest the fund in the construction sector and generate more job opportunities. In the past years, an [...] Continue Reading »
Listed real estate professionals are now more careful about debt level and new launches. They are centring on completion and deliveries of residential flats, helping them to push down their debt but also accumulating more market share. As per ICRA, India’s top 10-builders sold 14.55 mn sq.ft. in H1 FY2020. The Y-o-Y growth in sales [...] Continue Reading »
PUNE: The civic body will abandon tax on property maintained by unfavorably-abled residents. A recommendation for this consequence has been postponed before the standing representative committee of Pune Municipal Corporation. The move is aimed at making life easier for differently-abled people and also spreading awareness about the issues faced by them. The exemption will cover [...] Continue Reading »
Junior Finance Minister Anurag Thakur said in a reply to a question in the Lok Sabha that these properties have been seized through Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, Debts Recovery Tribunals, and National Company Law Tribunal among others. He further added that there are other 64,400 properties [...] Continue Reading »
NEW DELHI: Allowing a fund crunch with unadventurous buyers so incomparably paying up Rs 103 crore out of their dues of Rs 3,600 crore and NBCC denying to invest money, the Supreme Court on Monday ordered the Centre to analyze using its force fund for construction of grounded Amrapali house installation projects. A bench of [...] Continue Reading »
The Uttar Pradesh government on Tuesday decided to exempt builders from paying out the penal interest and other dues for the period of their project is stalled due to lawsuit if they pass on this privilege to the home buyers. The decision to provide a “zero period” benefit to builders was taken at a state cabinet meeting chaired by Chief [...] Continue Reading »
Greater Noida Industrial Development Authority (GNIDA) officials said in a recently held board meeting that residential land rates in several Greater Noida Sectors would be reviewed by the next financial year to meet the current market rates. The decision was taken to revise the prices due to the difference in price points of properties across various sectors. [...] Continue Reading »
NASHIK: After an immeasurable acknowledgment of the immunity the plan freshly, the Nashik Municipal Corporation (NMC) has determined to reintroduce the plan for property tax defaulters from December 16 and February 10. Following the scheme, the tax defalcators can pay their dues in one go with an allowance in penalty fees, security and notification fees. The administration has previously developed a [...] Continue Reading »
The Supreme Court (SC) ordered the National Building Construction Corporation (NBCC) Ltd. to start and finish the work of 8-stalled housing projects involving 11,258 housing units in Noida and Greater Noida and start delivering possession to the buyers. The Supreme Court judges directed by Justice Arun Mishra including Justice Uday Lalit asked NBCC (India) Ltd to [...] Continue Reading »
