Property registrations
From the beginning of November, a one-time password (OTP)-based verification will be compulsory for all property registrations in the state. This OTP-based property registrations is intended for restricting duplication and other irregularities during property registration. This move also comes in the wake of the Kaveri Software, which contains the property records database, being hacked. Karnataka has [...] Continue Reading »
Project launches in Kochi might seem to depict that the real estate industry is on the rise, but the decreasing rate of property registrations tell another story. The financial year 2013-14 saw a dip in this aspect, in comparison to the year before. In terms of percentages, the decrease is only around 1%, but a [...] Continue Reading »
Raipur- The number of women property owners has been rising in Chhattisgarh as an outcome of the special privilege given by the state government. In a measure to empower women in the state, the Chhattisgarh government had announced that one percent stamp duty will be exempted for land or property registrations done in the name [...] Continue Reading »
CREDAI has criticised the proposed real-estate regulatory bill by saying it is anti-people, which is expected to be tabled this winter season. The bill seeks to determine some sort of regulatory authority for the real estate sector. The Confederation of Real Estate Developers Associations of India (CREDAI) classified the Bill as anti-people and said the [...] Continue Reading »
The Andhra Pradesh Housing Board (APHB) and private players have stalled the property registrations of various residential and commercial projects which in turn has created inconvenience to the property buyers as the hurdles involved are not yet cleared by them. The registration which had a deadline was put on hold as the project completion and power pf attorney [...] Continue Reading »
Revenue from property registrations has come down considerably in Nellore district in Andhra Pradesh. The dip in revenue is due to a slump in real estate activities in Nellore. The slump has been attributed to nearly Rs.500 crore stuck in circulation schemes. Moreover, investors are interested in buying gold and silver instead of land or [...] Continue Reading »
Department of Town and Country Planning (DTCP) has decided to hand over the maintenance work of Mayfield Gardens projects to Municipal Corporation of Gurgaon (MCG). This came into being after DTCP took over the projects of Mayfield Gardens in February. The initiative also has been taken after the policy in which the civic body will [...] Continue Reading »
Carrying cash was always an age old problem be it for mugging or any other illegal activity. As the upcoming polls are on its way, it brings lots of tension to Noida property buyers also. Buyers in the city can not freely carry more cash for property registrations. There has been a cap set for [...] Continue Reading »
Come whatsoever, Gurgaon real estate market is still holding its roots inspite of high interest rates. None of the factors could shake the Gurgaon market and the number of property registrations prove this. The average number of property registered in a month in 2009 was about 2303 which increased to 3236 in 2010 and maintained [...] Continue Reading »
Government bodies fed up handling people cheating and illegal cases have now routed tough measures to make them pay for it! The Ranchi urban development department had come up to a decision to impose a fine of Rs 2,000 per day on the property owners who have failed to register their properties. The same was [...] Continue Reading »
