Registration
The Comptroller and Auditor General of India (CAG) has slammed Gujarat government for its slackness in implementing welfare schemes for construction workers in the state. The infrastructure and construction sector is one of the biggest employers in Gujarat. The audit-watch dog has claimed that only 6 % of an estimated 12 lakh construction workers in [...] Continue Reading »
Speaking recently at a workshop organized by Confederation of Real Estate Developers Associations of India (Credai) – National for builders in Pune, Satish Magar, vice-president of the agency said that The Maharashtra Regulatory & Development Act (MHRDA), 2012, is committed to bring more transparency and accountability, thus, helping both builders and property buyers. Magar said [...] Continue Reading »
The regulator for the securities market in India, Security and Exchange Board of India (SEBI), has allowed 12 new units to set up Alternative Investment Funds (AIFs). An AIF is a new set of pooled-in investment vehicles for real estate, private equity and hedge funds, in the last two months of October and November 2012. [...] Continue Reading »
With an agenda of finding a solution to the city’s rising garbage collection issue, a meeting has been scheduled on November 24 at Parisara Bhavan, Bangalore. The meeting is expected to bring out better solutions in putting an end to the problem of the collection and disposal of garbage in the city. Dr. Acharya, Chairman [...] Continue Reading »
With the enhancement of fee for encumbrance, marriage certificate and many other services of the registration and stamps department few months ago, the state government is working towards increasing the land value for both agriculture and and non-agriculture land for registration purposes. With the increase in the land value, the property buyers will have to pay [...] Continue Reading »
The online property registrations were severely affected due to a server crash at the sub-registrar’s office in Chembur, Mumbai. The areas include Kurla, Powai, Sion, eastern and central suburbs. Officials said that the server was suffering from technical issues from the past week and that there were efforts being put to restore it. The daily [...] Continue Reading »
To decrease the burden of tax on housing properties, Assam Real Estate and Infrastructure Developers’ Association (AREIDA) has suggested the state government to combine the tax into a whole of 10 per cent which includes VAT, service tax, stamp duty, registration, labour cess and NOC fees. The state is already witnessing a hike in property [...] Continue Reading »
A builder has been directed to pay for the execution of conveyance, agreement and registration for a 1.000-sq-ft flat for not handing over to a buyer seven years after the full payment of Rs 22 lakh was made. The Maharashtra State Consumer Disputes Redressal Commission also told the builder to hand over the flat on [...] 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 »
Homi Patrawala, a fort-based developer in Mumbai was arrested for cheating on a purchase of a bungalow plot at Khar. This developer was held for duping Ashok Mohanani of the Ekta Group for a sum of Rs 6.5 crore. The economic offences wing (EOW) of the Mumbai police after a detailed investigation, came to a [...] Continue Reading »
