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Mumbai: EOW's lookout notice for nine in Rs 700-crore case of cheating
Publish on : 2020-10-20 14:09:05
The accused promised to sell plots for bungalows and agricultural land but never gave them or returned money, EOW sources said. MUMBAI: The city economic offences wing (EOW), probing a Rs 700-crore cheating case against directors of Expat Projects and Developers Pvt Ltd, issued a look-out circula...
Bombay HC raps stamp duty authority for Rs 11 crore excess duty
Publish on : 2020-10-20 13:59:15
Last month, collector of stamps sought almost Rs 112 crore for a property valued about Rs 2,239 crore in Andheri on a lease deed. MMRDA owns the property. It entered into a lease deed with Goisu Realty Pvt Ltd in June for 80 years. MUMBAI: Bombay high court slammed stamp duty authorities for pass...
MahaRERA orders Niraj Kakad Constructions to refund buyer's money with compensation
Publish on : 2020-10-20 13:57:14
Housing regulator MahaRERA awards Rs 1lakh compensation to home buyer for mental harassment MUMBAI: Maharashtra Real Estate Regulatory Authority (MahaRERA) has imposed a fine of Rs 1 lakh on developer Niraj Kakad Constructions for mental harassment of a home buyer, and directed the firm to refund...
Pune civic body collects Rs 20 crore pending property tax under amnesty scheme
Publish on : 2020-10-15 12:22:42
The Pune Municipal Corporation (PMC) officials stated that over 7,000 property owners have cleared their dues so far. Under the scheme, which is valid until the end of November, the property tax defaulters will receive an 80% waiver on the total fine. PUNE: The civic administration has collected...
Diligent property taxpayers in Pune likely to get special discounts in next bill
Publish on : 2020-10-15 12:19:09
The Pune Municipal Corporation (PMC) is contemplating to offer these timely taxpayers a rebate in the next municipal budget. PUNE: Diligent property taxpayers in the Pune civic limits are likely to be rewarded in the form of a special discount on the levy in the next financial year. The Pune M...
Builders in Maharashtra to get full FSI when part of land given to BMC
Publish on : 2020-10-15 12:16:28
Property market sources said the value of such plots could rise 10% to 40%, depending on the portion to be handed over to the BMC for a public road. MUMBAI: Now, builders in the state can utilise the entire floor space index (FSI) of a plot for commercial development when they surrender a portion...
Mhada buildings redevelopment proposed under cluster scheme, with bigger houses
Publish on : 2020-10-15 12:13:53
A larger area under cluster redevelopment allows residents bigger apartments. Mhada has 52 layouts here spread over several acres. MUMBAI: The state housing department (HD) has proposed that the redevelopment of Mhada buildings be carried out under cluster redevelopment scheme. Cluster redevel...
Mumbai: EOW files case against Expat Projects for duping investors of Rs 700 crore
Publish on : 2020-10-09 13:17:07
The accused had promised to sell land plots for bungalows and agricultural land. They neither gave the plots nor returned the money to buyers. MUMBAI: The city economic offences wing (EOW) on Wednesday registered a case against the directors of a company, Expat Projects & Development Pvt Ltd, for...
BMC chief warns of fall in revenue if builders' charges slashed by half
Publish on : 2020-10-09 13:14:08
t is important to submit that if this reduction is accepted by the government, this will adversely impact the revenue of the BMC,” Chahal said. “The reduction factor of 50% for all premiums/charges levied will be made on receipt of directions from the state government,” Chahal has said in his letter...
MahaRERA asks two developers to bury hatchet, deliver Andheri project
Publish on : 2020-10-07 15:31:13
Regulator gives relief to home buyers stuck in luxury project, ruling that both developers have statutory duty as promoters to complete project and give possession MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked two developers to settle their differences, obtain Occu...

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