Legal

Project delays may be a major issue for homebuyers. Delays ruin plans and cost money and mental energy. Here are five sensible methods to avoid legal issues and streamline the home-buying process.

In reaction to outsiders buying property in Uttarakhand's mountains, the state has taken action. Many buyers have found ways to evade regulations allowing persons to buy up to 250 square meters of land for personal use in non-municipal areas.

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.

The Group of Ministers (GoM) on real estate has eliminated GST exemptions on private long-term land leases, a critical step. Tourism firms requesting exemptions are affected by this ruling. The meeting additionally discussed important subjects including housing society construction service taxation.

In Karnataka, DC conversion is required before utilising agricultural land for residential, commercial, or industrial uses. Ghar provides a tutorial on DC Conversion of Agricultural Land in Karnataka to assist you understand the procedure and prevent any legal difficulties.

Maharashtra homebuyers are frustrated with MahaRERA hearing delays, some of which last years. Slow resolution of real estate disputes undermines the Real Estate (Regulation and Development) Act, 2016, which was meant to speed up justice.

For every homebuyer, the happiest milestone is when their investment materializes as they receive possession of their property. This moment transforms their financial commitment into a tangible asset.

News reports say the Municipal Corporation of Greater Mumbai (MCGM) has stopped construction at Piramal Realty subsidiary Glider Buildcon Realtors. The notice halts high-rise residential tower building near the Rani Baug Zoo in Byculla, South Mumbai.

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.

Document registration is now easier for Mumbai homebuyers. Recently, the government announced that buyers no longer need to visit the sub-registrar's office where the property is located. Their property paperwork may be registered in any joint sub-registrar's office in Mumbai.

Emaar India Ltd and MGF Developments Ltd have had immovable assets worth over 401 acres and ₹834 crore temporarily attached by the Enforcement Directorate (ED). Emaar owns properties worth ₹501.13 crore, while MGF Developments retains the remaining assets at ₹332.69 crore.

In a major milestone for Maharashtra's real estate sector, 87% of fifth MahaRERA real estate agents' test applicants passed. Out of 4,769 applicants, 4,165 are certified, expanding the state's real estate agent pool.

Mumbai: Leasehold housing societies can now convert to freehold for a fraction of the Ready Reckoner (RR) fee. The state has granted leasehold housing societies this concession, analogous to collector's land (class 2 occupation).

Finance Budget 2024 suggested lowering property long-term capital gains (LTCG) tax from 20% to 12.5% and eliminating indexation. This shift affects real estate investors greatly. Ghar highlights key points:

GIS-digitized land records will transform India's real estate industry. This effort seeks to expedite land acquisition, decrease title concerns, and attract large local and foreign investments. Ghar highlights five essential points.