Realty News
Acquiring property in the name of the husband by his wife would be Benami no more. The government to amend the Benami Transaction (Prohibition) Act The government plans to amend the Benami Transaction (Prohibition) Act. Under the existing law, the law defines a benami transaction as a deal in which a property is transferred to [...] Continue Reading »
Stray dog menace plagues residents of Erode town, as the authorities here have failed to initiate any concrete efforts to control the menace. Due to this, people in many residential colonies in the town live in constant fear and hesitate to venture out after dark. At least 20 to 25 dogs can be found on [...] Continue Reading »
The urban development (UD) department is likely to announce revised incentives to make conservation of heritage structures and precincts a lucrative option. The Mumbai Heritage Conservation Committee (MHCC) has already submitted a proposal, chief minister Prithviraj Chavan indicated that the state government was likely to approve the proposal, when he stated that a notification on [...] Continue Reading »
Birla Sunlife to put Rs 250 cr in realty— three in Mumbai and one in Chennai —through its realty-focused fund. Birla Sun Life to invest in three real estate projects in Western suburbs of Mumbai and one real estate project in Chennai. “We have clocked around 20% return on our investment and hope to do [...] Continue Reading »
The Pimpri Chinchwad Municipal Corporation (PCMC) prepared priority list for acquisition of land plots which have been reserved in the development plan. The list contains 645 land reservations in the 15 newly merged villages in the civic limits that have to be acquired in the next eight and a half years. Avinash Patil, chief of [...] Continue Reading »
BBMP Bangalore has found that some citizens have misused Self-assessment scheme (SAS). The fund-starved civic body, is all set to net its big catch — such frauds. Random scrutiny of property tax returns will finally take off anytime after May 31. The delayed scrutiny process will see over 3 lakh assessed properties (30%) randomly checked. [...] Continue Reading »
If a tenant has paid the rent regularly according to the agreement, landlord cannot evict the tenant for at least five years. If present and prevalent market rent assessed and fixed between the parties is paid by the tenant, then the landlord shall not be entitled to take any action for his eviction against such [...] Continue Reading »
Housing demand falls by 20 per cent following a court order directing return of land to the original owners. The Allahabad High Court has denotified more than 150 hectares of land acquired for residential development by the Greater Noida Authority and directed the entire land to be returns to their owners. Following the court order, [...] Continue Reading »
The Mira Bhayander Municipal Corporation (MBMC) are selective in targeting builders who flout occupation certificate (OC) norms. Small-time builders alleged that they were being harassed and threatened with police complaints by the municipality. While FIRs are being filed against small-time builders, no cases have been so far registered against the big developers who have massive [...] Continue Reading »
Hosakerehalli Lake after years of neglect going to shed its wild and weedy looks to draw tourists. The Bangalore Development Authority (BDA) to conduct survey to maintain Hosakerehalli Lake and clear the encroachments. The forest department was ‘maintaining’ the lake spread across 59.25 acres. The lake used to irrigate the agricultural lands surrounding it. It [...] Continue Reading »
