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Recent TDR regulation amendments in Mumbai could jeopardise the city's growing real estate industry. With developers being forced to get a percentage of their TDR from the Dharavi redevelopment project at higher rates, home prices may rise.
- 6th Sep 2024
- 1143 Views
Real estate professionals are concerned about GST on leasehold land transactions. As authorities send GST notifications on stamp duty-exempt transactions, are these transfers sales or services? This may hurt developers, companies, and homebuyers financially.
- 6th Sep 2024
- 1142 Views
Reports have emerged about a potential plan to transfer 11 acres of prime land in Airoli, initially reserved for foreign embassies, to a prominent businessman under the pretext of developing a township.
- 24th Aug 2024
- 1155 Views
India's real estate sector would benefit from the Finance Budget 2024's emphasis on affordable housing, infrastructure, and urban planning. The reasons are given by Ghar.
- 28th Jul 2024
- 1170 Views
Chief Minister Eknath Shinde said that Mumbai will give TDR of up to 10 stories for airport funnel zone building rehabilitation. Redevelopment has been impeded by height constraints as most buildings in this area are 3-4 storeys. This government strategy promotes urban renewal.
- 14th Jul 2024
- 1257 Views
The BMC must follow the Right to Fair Compensation and site Acquisition Act, 2013 to purchase part of a church-owned site in Borivali for a public park, according to the Bombay High Court. The BMC cannot seize the church until the process is followed.
- 27th Jun 2024
- 1220 Views
A landmark High Court verdict confirmed that Mohammedan law does not prohibit property transfer documents, emphasising the Karnataka Stamps Act's religion-neutral approach. The Muslim Personal Law (Shariat) Application Act-1937 does not supplant Section 2(q) and Article 48 of the Karnataka Stamp Act
- 15th May 2024
- 1292 Views
The Maharashtra Housing and Area Development Authority (MHADA) has reduced plot contract violation fines. MHADA's six-month amnesty policy includes this decrease. Under certain scenarios, the programme reduces offenders' penalty costs.
- 19th Mar 2024
- 1374 Views
In a landmark decision, the Karnataka Real Estate Regulatory Authority (KRERA) has mandated L&T Realty to transfer the ownership of common areas and the pre-maintenance corpus to the Resident Welfare Association (RWA) for the L&T Realty Raintree Boulevard project in Bengaluru.
- 12th Feb 2024
- 1262 Views
These proposals encompass various measures, one of which involves the transfer of flats in their current condition, allowing homebuyers to receive their properties without any further obligations to the builder.
- 5th Aug 2023
- 1361 Views
Easy access to land records, the Gujarat government has launched the E-Dhara portal.
- 21st Mar 2023
- 2065 Views
When a property is subject to future terms and conditions and its transfer is contingent upon a future date, this is known as an Agreement of Sale. When the agreement's terms and conditions are satisfied or the transfer of property has expired, the agreement becomes a sale.
- 2nd Nov 2022
- 1543 Views
Every state collects the stamp duty charges every time the property is transferred from one person to another. Stamp duties are imposed on an area or transaction value that is higher at the current circular rate.
- 13th Jul 2021
- 1722 Views