Fund released by Centre under Smart Cities Mission and utilization by States/Cities

By Accommodation Times Bureau Utilization certificate for the 2nd instalment of the funds are submitted by the cities after utilization of a substantive amount of funds from the 1st instalment.  While a number of cities have started project implementation on ground their utilization certificates are awaited. Hence, utilization certificate may not be an

NAREDCO Signs MoU at Magnetic Maharashtra

By Accommodation Times Bureau MUMBAI, 19 FEBRUARY 2018:  In a step towards fulfilling the initiative of ‘Housing for All by 2022’, the Maharashtra State Government and National Real Estate Development Council (NAREDCO) signed a Memorandum of Understanding (MoU) during the ‘Magnetic Maharashtra: Convergence 2018’, which will provide 3 lakh Affordable houses in the

Supertech Ltd to develop jam projects of other builders

By Accommodation Times Bureau NEW DELHI     A Noida-based realty firm Supertech is looking to expand its business and has decided to take up stuck projects of other builders. To develop a housing project in Gurgaon it has tied up with Gurgaon based developer Gold Souk. Mohit Arora, Managing Director of Supertech said, "There are

Tamil Nadu’s registration dept returns to offline registration of land

     By Accommodation Times Bureau  CHENNAI     The Tamil Nadu's registration department has returned to the manual process for registration of property documents.  The authority two days after launching the online process it switched to manual registration. On Wednesday people complained that they faced difficulties in the online process. Authority officials said a server had slowed

Rs 12 Lakh fined on Mumbai’s Kabra and Associates for advertising unregistered projects

    By Accommodation Times Bureau MUMBAI   Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Kabra and Associates to pay penalty of Rs 12 Lakh for advertising unregistered projects.   After the complaint filed by Mumbai Grahak Panchayat (MGP), The authority came into action and fined Rs 12 lakh on the firm for  violating sections 11

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing

By Accommodation Times Bureau In its 25th Meeting held on 18th January, 2018, the GST Council had made several important recommendations for the Housing Sector which have come into force with effect from 25th January, 2018. The recommendations are expected to promote affordable housing for the masses in the country.   One of the important recommendations made

Fit out Possession –Gimmick by builders to delay project & avoid penalties?

By Stuti Galiya, Solicitor & Advocate It has been common for builders to allow purchasers to occupy flats without obtaining occupation certificate (“OC”), which is mandatorily required for occupying flats. In such cases, to protect themselves from any liabilities, builders offer possession for fit outs. The flat owners who have already waited long

State Govt may reduce rent for Mumbai housing societies on govt land

    By Accommodation Times Bureau     MUMBAI     The state government is considering reducing the lease rent charges to housing societies built on government land, said Chandrakant Patil, Revenue Minister, on Saturday.   At present,  the state government charges a rent of 2 % of the ready reckoner rates.     “The demand for concession is right and