Now, apply online for deemed conveyance in Mumbai
Oct 03, 2013
Source : The Times of India


MUMBAI: Cooperative housing societies will be able to file online applications for deemed conveyance of their properties from October 10, said a Member of Parliament.

He said that the state government has also agreed to his demand that the name of a cooperative housing society should be incorporated in the property card as “other right holder” as soon as the society is granted registration. He said, “This step will prevent landlords or builders from selling plots without the consent of the cooperative society, which was formed after the sale of flats to the customers.” In October 2010, the state government had come out with provision to allow deemed conveyance in cases where developers or the landlord were not cooperating.

Latest Realty News

Office space absorption to reach 132 million sqft by 2017: Report
Oct 02, 2013
MUMBAI: Bullish on the revival of the economy after general elections, real estate consultancy firm Cushman & Wakefield expects nearly 132 million sqft of office space, across the eight major metros, to get absorbed by 2017.
Flat owners advised caution over VAT payment to builders
Oct 01, 2013
PUNE: Citizens’ groups and consumer forums have appealed to flat owners to refrain from hurriedly paying Valued Added Tax (VAT) to builders, following the Supreme Court’s decision.
New land acquisition act is pro people, but not anti-industry
Oct 01, 2013
MUMBAI: Union Minister for Rural Development Shri Jairam Ramesh today allayed the fears expressed by the Indian industry that the new Land Acquisition Act would make projects economically unviable. Addressing a Press Conference in Mumbai on Sunday, Shri Ramesh said the new act applies only to the land acquired by Central and State authorities for any public purpose, while there is no bar whatsoever, on purchase of private land. He said “industry must look beyond land acquisition by Government an
Kolte-Patil launches four projects in Pune
Oct 01, 2013
MUMBAI: While most developers have shelved their expansion plans due to the economic slowdown, Pune-based Kolte-Patil Developers has gone ahead and launched four projects totalling 1.8 million sq ft, worth over Rs 500 crore.
Hotel rate increases to hit oversupply ceiling
Sep 30, 2013
MUMBAI: The pace of economic growth may have slowed down, impacting global travel, but it hasn’t stopped hotel chains from opening more rooms for guests.
Building terrace must be open to all residents: Bombay High Court
Sep 30, 2013
MUMBAI: No resident can be allowed to obstruct the BMC’s move to ensure access to the building’s terrace to all residents and for emergencies, the Bombay high court has ruled.A division bench of Justices S C Dharmadhikari and Gautam Patel dismissed a petition filed by a resident of a building in Grant Road who had challenged the notices issued by the municipal corporation.
How some regulatory changes may increase cost of real estate for buyers
Sep 30, 2013
MUMBAI: In recent times, the real estate sector has seen several regulatory changes and more are in the works. While most of these changes are aimed at protecting buyers' interests, some of them carry a cost.
Realtors hope to clear inventory on freebies, festival sales
Sep 29, 2013
MUMBAI: Realty developers are hopeful of clearing a large portion of their inventory pile-up during this festive season by luring in buyers with freebies and discounts, even as they sit tight on declared prices, said industry experts.
HUDCO’s debenture issue oversubscribed
Sep 28, 2013
MUMBAI: Retail investors have given the thumbs up to Housing and Urban Development Corporation’s Rs 750-crore tax-free non-convertible debenture issue.
Experts say pay VAT only if sale deed mentions it
Sep 27, 2013
MUMBAI: The SC was hearing 26 appeals against VAT on sale of flats, of which 12 were from Maharashtra and the rest from Karnataka while upholding the states’ right to impose VAT. The verdict means flats sold since July 1, 2006 will be liable for payment of the tax, unless the building was issued an Occupancy Certificate before the sale agreement.

Latest Realty News Of State

Realty Talk's