Legal

BMC collected a record ₹5,847 crore in property tax over nine months in 2024, with December alone contributing ₹2,501 crore. Strategic campaigns and extended office hours boosted collections, with the western suburbs leading contributions.

A homebuyers' body urges stricter regulations to tackle misleading real estate ads, calling for tougher penalties and transparency to protect buyers nationwide.

The Maharashtra government is driving urban progress with a Rs. 5,000-crore land records digitization project, starting with 10 cities like Baramati and Pandharpur. The initiative replaces outdated property tax and deed systems with transparent, updated land records.

Property transactions can be tricky, but a well-reviewed sale agreement ensures a seamless process. These steps suggested on Ghar, India's fastest growing property portal, simplifies key elements, helping you dodge pitfalls and make confident property decisions.

Tax Deduction at Source (TDS) on rent payments is mandatory for tenants/licensees renting properties under leave and license agreements in Mumbai.

In compliance with a Bombay High Court directive, 41 illegal buildings in Nalasopara East’s Agrawal Nagari, built on 30 acres of reserved land, are being demolished. The first phase of the operation rendered over 50 families homeless as municipal authorities cleared 7 buildings despite protests.

Buying a home is a big milestone, but the advertised price often hides unexpected costs. Here’s a quick guide to the key expenses you must plan for before sealing the deal.

Proposed IBC reforms by IBBI aim to resolve delays, ensure fair claims, and enhance transparency, offering relief to homebuyers and strengthening the real estate resolution framework.

As tax authorities tighten their grip on property transactions, landowners who enter Joint Development Agreements (JDAs) with builders are now under scrutiny for potential tax evasion.

Bombay HC directs Maharashtra’s local bodies to link with MahaRERA portal in three months for real-time CC and OC verification, ensuring transparency and preventing forgery.

Builder-buyer agreements must be registered after paying 10% of the property's worth, which concerns Noida and Greater Noida real estate developers. This requirement, they say, puts homeowners under a lot of financial pressure early on.

The Insolvency and Bankruptcy Board of India (IBBI) suggests granting ownership to debt-free purchasers who already own their property during the insolvent real estate firm's bankruptcy settlement. However, the committee of creditors must approve this plan.

The Treasury Department regrets Diwali property registration inconveniences. Diwali, particularly Dhanteras, is a lucky time to purchase property, but this year, system maintenance suspended the registration process, preventing homebuyers from completing their deals.

MahaRERA's groundbreaking mandate requires developers to mention agent commissions, broking fees, and charges in sales agreements with licensed real estate agents. This requirement strengthens agents' official roles in transactions and improves openness and accountability in real estate transactions

MahaRERA has warned purchasers about 314 housing projects undergoing corporate bankruptcy resolution at the National Company Law Tribunal. A major 236 projects are in Mumbai, 52 in Pune, nine in Haveli, and five each in Ahmednagar and Solapur.