Latest Realty News

Apex court stay on demolition gives temporary relief
Nov 14, 2013
MUMBAI: Dozens of packed boxes scattered around and two corners full of toys of their three-year old grand-daughter Sanvi left untouched arewhat greets you when you first enter the home of Dr Pramod D Potdar on the 8th floor of the midtown building in the Campa Cola building complex.
Tata housing project in Sukhna opposed; SC seeks Centre's reply
Oct 08, 2013
DELHI: The Supreme Court today sought responses of the Centre and Punjab government on a plea against Punjab and Haryana High Court's decision to allow Tata to go ahead with its housing project coming up near Sukhna Lake in Chandigarh.
Court ruling to impact realty cos
Sep 30, 2013
DELHI: Real estate companies may come under renewed pressure after the Supreme Court delivered a big retrospective tax blow to real estate developers. Builders now have to pay 5 per cent value-added tax from June 2006 after the Apex Court upheld its judgment in the K Raheja case.
Developers will have to pay 5% VAT, rules Supreme Court
Sep 27, 2013
MUMBAI: In a major setback to realty developers , the Supreme Court has upheld the earlier Bombay High Court verdict that asked builders to pay 5% value-added tax for sale of underconstruction houses between 2006 and 2010 in Maharashtra.
Opposition turns Ponzi heat on government
Aug 27, 2013
BHUBANESWAR: The state assembly on Monday witnessed a marathon debate on the chit fund scam, with the opposition alleging that at least four cabinet ministers of the Naveen Patnaik government were involved in it. The oppsition also said two prominent BJD leaders were involved and sought a CBI inquiry to unravel the truth.
Realtor-criminal nexus under Bhubeaneswar police lens
Aug 21, 2013
BHUBANESWAR: Controversial builders seem to be running an empire of hooliganism in the city, if the murder of Manmohan Pradhan is any indication.
Govt U-turn: GPA okay for property registration
Jul 25, 2013
DELHI: The Delhi government on Monday issued a new notification to allow registration of properties through General Power of Attorney (GPA). The move comes over two months after the Revenue department was pulled up by the Delhi High Court for banning registration of any sale deed for immovable property through a GPA by having “misconstrued” an earlier Supreme Court order.
Delhi government lifts ban on property transaction through GPA
Jul 23, 2013
DELHI: Delhi government today lifted the ban on registration of property transactions involving general power of attorney (GPA) which is expected to provide relief to lakhs of residents living in group housing societies and unauthorised colonies.
Ownership of mineral wealth should normally follow the ownership of the land
Jul 17, 2013
DELHI: A three judge Supreme Court bench has ruled that the owner of land has rights to everything beneath, "down to the centre of the earth."
In Singur, a different kind of discontent brews now
Jul 07, 2013
SINGUR (HOOGHLY): “We don’t know what will happen in the Court. An early resolution is welcome. Even if the land is not returned to us, I would be happy with higher compensation, at current market rates,” says a land loser at Singur who does not wish to be identified as he is now a Trinamool activist.
Hotel Taj Mansingh: Home ministry opposes right of first refusal to Tatas
Jun 29, 2013
DELHI: The union home ministry has said that the Tatas should not be allowed the right of first refusal in the upcoming auction of the Indian Hotels Company-operated Taj Mansingh hotel, opposing the proposal of the New Delhi Municipal Council, which owns the building that houses the luxury hotel in central Delhi.
Sahara urges Sebi to verify repayments to investors
Mar 05, 2013
NEW DELHI: Caught in a legal battle with Sebi and directed by the Supreme Court (SC) to refund Rs 19,000 crore to investors by depositing this amount with the market regulator, Sahara has asked for the appointment of a credible agency to verify the authenticity of claims of repayment made by the two Sahara companies - Sahara India Real Estate Corporation and Sahara Housing Investment Corporation.

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