The emergence of townships in Maharashtra signifies a new trend in urban development. While it is constitutionally a prerogative of the State Government and Urban Local Bodies to undertake such development, the Township Notification invites private players on a large scale to participate in urban development. This policy aims to reduce the involvement of state…
Money stuck in an on-going real estate project is the worst experience that a person can undergo. While every month the EMI payments go into a bottomless barrel, there is no sign of any project completion in sight. As a consequence, while Builders may run scot-free with buyer’s money, it is the consumers who are…
Buying a flat is the investment decision of a lifetime. In India, people work round the clock to earn which will result in savings. This savings will subsequently be invested in buying a house. What are the effects of new tax regime?As the popularity of Apartment living grows, more and more people are in the…
The first step a person takes while booking a flat is to get the issuance of an allotment letter from the builder. The allotment letter is usually issued by the developer after accepting the booking amount for the flat from the customer. Such amounts usually range from Rupees 1 lakh to 5 lakh. It may…
The recent incident in Dera Bassi where an estimated 175 properties were registered with fake No Objection Certificates (NOC’s) is the latest in a spate of similar cases. As of this date, four of the culprits have been arrested. Upon the Executive Officer of the district summoning all the property registrations issued in 2023, around…
