Maharastra has highlighted concerns over 212 housing projects constructed between January and April 2023. Without necessary construction updates, these projects violate rules and have forced MahaRERA to take significant action.

With new regulations, the RBI has changed how housing finance companies (HFCs) can raise and handle public deposits. New rules restrict HFCs from boosting public deposits for more than five years. The RBI has also lowered the deposit limit from three times to 1.5 times net owned funds.

The Bombay High Court held that the state deserves a fair return on its land in a landmark decision. Justices B P Colabawalla and Somasekhar Sundaresan stressed that leasing rates need not be cheap if they fail to cover inflation, administration fees, and escalation.

The MCGM Property Tax Mumbai Guide on Ghar helps you understand all the details with regards to MCGM property tax payments, rules, guidelines, online use, etc.

Ministry of Environment, Forest, and Climate reform (MoEFCC) made a major reform to balance development with animal protection. Large projects in protected areas now need forest permissions before wildlife clearances.

The Mumbai NCLT invalidated Wadhwa Buildcon's promoter's resolution plan. The resolution professional (RP)'s suspicious conduct and the promoter's willful default status revealed the decision.

Buying land in Maharashtra requires various legal paperwork. A 7/12 extract, which contains all property information, is crucial. This Mahabhulekh portal extract is a RoR (record-of-right) under the Maharashtra Land Revenue Record of Rights and Registers Rules, 1971.

The Bombay High Court heard a PIL asking the court to direct the Registrar of Cooperative Housing Societies to set rules for installing electric vehicle (EV) charging stations in co-op housing societies.  The court notified the parties and ordered a hearing on January 6, 2021.

How Will the Modification of SEZ Rules Benefit Indian Real Estate?

In a major setback to kiln owners and customers, the GST on some sorts of bricks was increased from 5% to 12% on April 1 and the rules governing input tax credit (ITC) were also altered.

In Maharashtra, land records are collected through several village forms as prescribed in the Maharashtra Land Revenue Record of Rights and Registers (Preparation and Maintenance) Rules, 1971.

When it comes to construction, the city of Mumbai is second to none and it is imperative that real estate agents, property developers, property investors, home buyers are updated about the construction related terms in Mumbai.

With the Real Estate Regulation Act (RERA) already into force, buyers who have owned properties in ongoing real estate projects will enjoy an interest of 10.9% per year incase of any delay in possession.

The Real Estate (Regulation and Development) Bill, 2016 was handed by Rajya Sabha on March 10 and by Lok Sabha on March 15 2016. Based on a confirmation granted in April 2016, the regulations for the housing industry were to be informed by October 31 2016

No permission needed for repairs and modification without structural changes to the building.