Govt invites comments from public on draft cross-border insolvency framework

By Accommodation Times Bureau NEW DELHI The Ministry of Corporate Affairs (MCA), Government of India on Wednesday, invited comments and views from stakeholders on introductory note and draft on ?Cross-Border Insolvency'. The MCA is keen to introduce a globally accepted and well-recognised cross-border insolvency framework, fine-tuned to suit the needs of aspirational Indian

Smart Cities Mission: Shillong selected as 100th Smart City

By Accommodation Times Bureau NEW DELHI The Ministry of Housing and Urban Affairs (MoHUA) on Wednesday said, Shillong, has been selected as 100th Smart City after evaluating the proposal submitted by it. Till now, under the Smart Cities Mission 99 cities had been selected in four rounds of competition and with today’s announcement, selection

20:80 Subvention Scheme covered under Section 18 if Agreement for Sale is Executed

By Dr. Sanjay Chaturvedi, LLB, Ph.D. Naman Agarwal & Others V/s Reliance Enterprises and Dewan Housing Finance Ltd (CC006000000001788) Order dated: 28th March 2018 The complainants have filed this complaint u/s. 18 of Real Estate Regulation and Development, Act 2016 (RERA). They contend that they booked Apartment No. 904, A-Wing of Respondent

Govt grants one month’s extension for regularising illegal structures

By Accommodation Times Bureau PANAJI In a move to provide relief to illegal structures, Mridula Sinha, Governor of Goa, has given her nod to the ordinance allowing one month’s extension for regularizing it. The extension for regularizing illegal structure in private properties will give some more time for submitting the form. After the approval

TN RERA increased fee for complaint against promoter, project

The authority has increased fee from Rs 1,000 to Rs 1,600. The additional amount Rs 600 is to pay as postage charges. By Rohit Sharma TAMIL NADU The Tamil Nadu Real Estate Regulatory Authority (TN RERA) has revised the fee for filing the complaint against the promoter/project with the authority. The authority has increased

Whether the Arbitration Agreement will oust the jurisdiction of Maha RERA and whether the complaint filed by a co-purchaser is maintainable?

By Dr. Sanjay Chaturvedi, LLB, Ph.D. Ganesh Lonkar V/s D.S. Kulkarni Developers Ltd. (CC005000000000317) Order Dated: 26th December 2017. The Complainant contends that he and his wife booked a flat no. 4-602 in DSK Mayurban, situated at Pune and the respondents promised to give its possession on or before 30th June 2017.

India records 3.3% gains in Residential Market: Report

Ranchi, Bhubaneshwar, Coimbatore, Nashik and Kanpur lead the house price growth; recording gains of 16%, 14%, 13%, 13% and 12% respectively By Accommodation Times Bureau CHANDIGARH Knight Frank, the independent global property consultancy, launched the Global House Price Index for Q1 2018. The index tracks the movement in mainstream residential prices on a

FAQs on Project Update

By Accommodation Times Bureau Q. Do I need to update my project regularly? Promoters are advised to ensure that their project information is always up-to-date as per Section 11 of the Real Estate (Regulation and Development) Act, 2016. Failure to make quarterly project update will violate Section 11 of the Real Estate

Man misuses Stamp Duty Rebate in name of women

By Accommodation Times Bureau CHANDIGARH The Revenue Department of Punjab has amended a rule to curb the misuse of stamp duty rebate extended to women on property registration. As per the amended rule, now if the property acquired by a woman is transferred in the name of a male relative within a year,