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LUDHIANA: The municipal corporation (MC) is finding it hard to recover property tax dues, having collected only ₹130 crore, so far, against an ambitious target of ₹200 crore. With the financial year nearing its end, officials now consider strict enforcement measures, including a sealing campaign, to bridge the gap. For the current fiscal, the initial …

Raised property tax recovery target too steep for Ludhiana civic body, – Homevior Read More »

BENGALURU | HONG KONG: Chinese authorities are considering a plan to assist China Vanke in covering a funding shortfall of about 50 billion yuan ($6.84 billion) this year, enabling the property developer to repay its public and private debt, Bloomberg News reported. The proposal involves regulators allocating 20 billion yuan in special local government bonds …

China considers plan to help Vanke repay $6.8 billion debt, , – Homevior Read More »

GURUGRAM: In a significant victory for homebuyers, Haryana Real Estate Regulatory Authority (HRera) has ruled in favour of complainants who alleged “unfair practices and delays” by real estate developer Orris Infrastructure Pvt. Ltd. The dispute centred around a 2BHK apartment in Tower 2A of Aster Court in Sector 85 where the complainants claimed the developer …

Haryana RERA to Orris Infrastructure, – Homevior Read More »

CHENNAI: The real estate market continues to drive Tamil Nadu’s revenue growth, with the registration department collecting 237.98 crore in a single day from 23,421 documents registered across the state, marking its second-highest daily collection this fiscal year. Of this, 89 crore was from Chennai zone and North Chennai brought in the second highest revenue. …

Tamil Nadu’s registration department collects Rs 237.9 crore on February 11, – Homevior Read More »

NASHIK: The Nashik Municipal Corporation (NMC), in a major relief to the industries, has reintroduced the industrial slab in property tax. The civic administration has started implementing the order of the former NMC chief Ashok Karanjkar issued on Sept 20 last year. As part of this, the property tax rates for the industries have been …

Nashik civic body revives industrial property tax slab, , – Homevior Read More »

KOLKATA: The Kamarhati Municipality authorities on Tuesday issued an express order for the immediate demolition of around 57 unauthorized multi-storey buildings in the Belgharia-Kamarhati area. FIRs were lodged at Belgharia and Kamarhati police stations against owners and promoters of 17 illegal buildings. The order follows the detection of several tilted buildings in Belgharia, Baranagar, and …

Kamarhati civic body issues ‘express order’ to raze 57 illegal buildings, – Homevior Read More »

HYDERABAD: A builder who delayed completing a project has been directed to pay interest to a buyer till handover of his flat by the Telangana State Real Estate Regulatory Development Authority (RERA). The complainant, who purchased a flat in Block-II of ‘Parijatha Pride’, had alleged that despite paying Rs 27.50 lakh between Oct 2020 and …

Telangana RERA penalises builder for delay, orders it to pay interest to buyer till handover of flat, – Homevior Read More »

NOIDA: The National Company Law Appellate Tribunal (NCLAT) has asked Supertech interim resolution professional (IRP) Hitesh Goel to disburse Dec salaries to around 300 employees within seven days and begin processing Jan payments. A hearing regarding the non-payment of salaries between Sept and Nov last year is scheduled for Feb 18. The 300-odd workers, who …

NCLAT asks Supertech to pay December salaries to around 300 employees, – Homevior Read More »

File Photo GURUGRAM: The department of town and country planning (DTCP) has appointed consultants to assess the market value of flats and their interiors in towers A, B and C of Chintels Paradiso, months after these buildings were also declared unsafe in a second audit organised by the developer. Audits at the Sector 109 society …

Private firm to assess value of ‘unsafe’ Chintels Paradiso flats in Gurgaon, – Homevior Read More »

MYSURU: Prospective buyers of sites in the jurisdiction of Mysore Urban Development Authority (Muda) are treading cautiously after the Enforcement Directorate (ED) announced attachment of properties linked to the controversial 50:50 scheme in various parts of Mysuru in mid-Jan. Though the directive is not legally binding on authorities of the department of stamps and registration, …

Buyers in Mysuru tread cautiously after ED attaches Muda properties, – Homevior Read More »