Real Estate News Update for July 13

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Regulatory

Panchkula ED court sends Ireo's MD to judicial custody, junks request for longer remand

CHANDIGARH: Special enforcement directorate (ED) court of Panchkula on Tuesday remanded Ireo managing director Lalit Goyal to judicial custody after rejecting ED request for extending his remand.

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Residential

About 1% hike in transfer duty on transfer of immovable properties in Delhi

NEW DELHI: The transfer duty on transfer of immovable properties in Delhi has been increased by one per cent, according to authorities. However, this enhancement is applicable for registration of instruments having amount worth over Rs 25 lakh, according to an official document issued by Delhi government's department of urban development.

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Industry

Maharashtra sets up panel to push stalled slum rehabilitation projects

MUMBAI: The state government has set up a committee under the secretary (housing) to give a fresh impetus to redevelopment of stalled slum rehabilitation projects.

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Industry

Kolkata: Apartments along EM Bypass may now change land status, for a fee

KOLKATA: A notification from the state land and land reforms department has cleared the legal obstacles for some premium residential projects along EM Bypass to change the status of their land from leasehold to freehold.

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Residential

Income criteria increased for EWS seeking houses under PMAY in Mumbai region: Deputy CM

MUMBAI: Maharashtra Deputy Chief Minister Devendra Fadnavis on Wednesday said the Centre has increased from Rs three lakh to Rs six lakh the income criterion for the economically weaker section seeking affordable housing in partnership under the Pradhan Mantri Awas Yojana (PMAY) for the Mumbai metropolitan region.

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Industry

Only 15% of UP-RERA's recovery certificates realised in Ghaziabad

GHAZIABAD: Only 15% of the recovery certificates issued by the real estate regulatory authority to erring developers have been realised in Ghaziabad. Till June, Rera has issued 781 recovery certificates worth Rs 142 crore, of which only 117 certificates, or 14.9%, worth Rs 17.3 crore have been realised, officials said.

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Popular Among Readers:

DDA launches housing scheme for 5,500 flats on first-come, first serve-basis

Shivalik Group achieves Rs 300 crore sales in GIFT City residential project within 15 days

Flat agreement price & stamp duty difference can't be taxed: ITAT

Enforcement directorate arrests Supertech's chairman in money-laundering case

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