Real estate developers must now disclose their mortgage or loan status to CERSAI. This move aims to increase transparency and protect home buyers from potential legal complications.
GNIDA prohibits plot subdivision and mandates development fee payment. Smart village project gets approval. Industries can purchase FAR on remaining plots.
The West Bengal government has extended the real estate stamp duty rebate and circular rate reduction until January 31, 2022, to boost home sales amid rising demand.
Noida Authority reduces property transfer charges, offering relief to residents. Other decisions include completion certificate extensions and infrastructure projects.
The State Legislative Assembly reduced stamp duty on first-time registrations of apartments priced between Rs 35 to 45 lakhs to 3%, aiming to boost the real estate sector.
Maharashtra's e-registration for property sales starts on October 2, aiming to increase transparency and efficiency in the real estate sector.
Karnataka Government plans to cut guidance values by December, potentially boosting the property market. A lower guidance value is expected to increase property registrations and government revenue.
MahaRERA has launched a help desk to assist home buyers with inquiries and complaints, enhancing communication and support during the pandemic.
Noida Authority now offers online completion certificates for all allottees, streamlining the process and reducing wait times.
MahaRERA: Non-agri land use only after infrastructure in place, RERA registration mandatory
MahaRERA grants a six-month extension to real estate projects due to the pandemic's second wave, invoking the force majeure clause for projects expiring after Apr 15, 2021.
UP-RERA offers a nine-month extension for the registration of projects, aiming to speed up stagnant real estate development. The extension is subject to monitoring and specific conditions.
MahaRERA bans sales of 644 Maharashtra residential projects due to delayed completion and delivery issues.
Tamil Nadu's Minister for Commercial Taxation reviews strategies to boost property registration revenue post-COVID-19, with measures to streamline processes and enhance efficiency.
UP-RERA rejects Supertech's application for two new projects due to non-compliance and delays in existing projects.
Real estate developers in Uttar Pradesh urge the government for effective policies to resolve insolvency issues that have stalled numerous projects, impacting thousands of buyers.
Greater Noida Authority has decreased real estate transfer fees on resale properties. For residential properties, transfer fees have been reduced to 2.5%.
Goa government hikes property registration fee from 0.5% to 1%, pushing buyers to pay around Rs 74,000 more for registrations. Credai opposes, stating it will affect market demand.
MahaRERA mandates disclosure of apartment sales and reservations to curb fraudulent practices by developers and protect buyers.
BRERA urges government to form a team to help homebuyers recover dues or get possession from defaulting real estate companies.
CREDAI-MCHI urges Maharashtra government to reduce stamp duty to 2% in Mumbai to revitalize housing demand amidst the COVID-19 pandemic, citing reduced sales and state revenue.
MahaRERA orders Radius Estates to refund 14 homebuyers of the Ten BKC project due to delayed ownership and failure to pay pre-EMI, alongside imposing a fine on the developer.
MahaRERA orders Acme Housing to pay interest for delayed ownership of Thane's Alpinia project, citing developer's failure to meet contract terms amid external challenges.
Sebi will auction a Kerala Housing Finance property to recover dues. The auction of the Thiruvananthapuram apartment, with a base price of Rs 55 lakh, is scheduled for June 4.
UP-RERA is working alongside the state government to address the deadlock in flat registrations, impacting over 50,000 home buyers in Noida and Greater Noida.
