Ranchi's RERA authority enforces stricter compliance measures, increasing project audits and transparency requirements to protect homebuyers and improve real estate quality in the city's rapidly evolving property market. The move aligns with nationwide reforms, such as Gujarat's triad banking accounts and Odisha's structural repair funds, to bolster accountability and buyer confidence.
Section 106 of the Transfer of Property Act (TPA) governs lease termination in India, outlining notice periods and procedures for landlords and tenants to ensure smooth transitions.
Converting residential property to commercial requires local authority permission and varies by state. Housing societies often resist, but professional services are typically allowed with approvals.
Tamil Nadu Real Estate Regulatory Authority (TNRERA) ruled that developers collecting payments without a contract violates the TNRERA Act.
MahaRERA mandates disclosure of apartment sales and reservations to curb fraudulent practices by developers and protect buyers.
Delhi court orders immediate FIRs against illegal building owners/developers and CBI probe into senior officials' role in fake demolitions.
Delhi government restricts property transactions to registered deeds only, banning General Power of Attorney (GPA) sales based on a Supreme Court order.
1% TDS proposed on property transfers exceeding ₹50 lakh in urban areas and ₹20 lakh elsewhere, effective October 1. The move aims to curb unaccounted money.