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10. Legal

Real Estate Regulator Seek More Power to Attach Projects of Unreliable Builders

It is not just homebuyers who are troubled by builders’ insurgency with the order passed by Real Estate Regulatory Authority (RERA), even regulators are upset at the stubborn nature of builders. Depressed with builders, the regulators are possible to seek more power under the law to enable them to attach unsold inventories of builders to […]

Prahalad Singh

NGT Imposes Rs 22.5 Crore Penalty on Sonipat Builders for Violating Environmental Laws

The National Green Tribunal (NGT) has imposed an interim penalty of Rs 22.5 crore on 6-builders in Haryana’s Sonipat area for breaking environmental laws. As per NGT, violations are of serious nature and the compensation must have a precautionary look. A bench led by NGT Chairperson Justice Adarsh Kumar Goel also formed a joint committee […]

Prahalad Singh

5 Things to know while cancelling an apartment booking

With the growing number of real estate projects, there has been an increase in the number of cancellation usually due to project delays. The reasons can be different like change of plans, project delays, not meeting expected quality, or even a financial crunch. In case if you are looking to cancel your apartment booking because […]

CommonFloor Editorial Team

Legal Metrology Dept to the rescue of aggrieved Property owners

The Legal Metrology department (LMD) has, for the first time, drafted rules to regulate the construction industry; thereby, it was hopeful of protecting the interests of property buyers from errant builders. The proposed Maharashtra Legal Metrology Rules, 2015, prepared by the LMD has been forwarded to the State and Central governments for approval. The department […]

ranjan.j

TDS on Property: 5 important things you should know

With the introduction of Section 194-IA in The Finance Bill 2013, here comes the new provision of Tax Deduction at Source on Property transfers. TDS on Property According to The Finance Bill 2013, all sale transactions related to transfer of any immovable property, with the consideration amount exceeding Rs 50 lakh demands a tax deduction […]

Yadunandan Batchu

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