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Propjini CRM

Daily interesting real estate news

Chandigarh civic body to auction 18 commercial properties

The municipal corporation (MC) is all set to auction its 18 major commercial properties at key locations in Manimajra. The civic body has estimated Rs 61.71 crore as reserve price for the properties, varying from over Rs 3 crore to Rs 6 crore for each as per size, location and other criteria. After taking approval from the UT administration, the MC has earmarked all these SCF sites for general trade.

Indore civic body seals nine commercial outlets

Indore Municipal Corporation (IMC) Launching a drive against people violating building permission norms and property taxes for that sealed nearly a dozen commercial establishments. Three establishments of Bicholi Mardana area including two food outlets and an automobile service station were sealed for operating without completion certificates.

Omkar Group promoters discharged in money laundering case

MUMBAI: A special PMLA court discharged Omkar Group promoters Babulal Varma and Kamalkishore Gupta from a money laundering case. Earlier this month, the accused moved discharge pleas before the special PMLA court through their advocates Vijay Aggarwal and Rahul Agarwal.

Maharashtra housing federation fine with water data share, not fee

The Central Ground Water Authority (CGWA) has issued a public notice, directing old and new housing societies, and residential apartments in urban areas to register their groundwater withdrawal by September-end. The notice stated that strict action would be initiated against those not registering with CGWA. The Maharashtra State Housing Federation said its members were willing to share information on the groundwater use but refused to pay the registration fee of Rs10,000 per unit for fresh permission to withdraw the same, as demanded by the Central Ground Water Authority in a public notice.

SMSs for additional property tax sent inadvertently: Pune civic chief

Municipal commissioner Vikram Kumar said citizens who have received SMSs to make additional payments towards property tax should not pay the amount, as the text messages were inadvertently sent due to some technical errors. Nearly 60,000 property owners across the Pune Municipal Corporation (PMC) limits had received such messages from the civic body.

Legal ownership of land set to be provided in 400 villages in Indore

Indore district administration, in Record of Rights (ROR) under Swamitva Scheme, has started compiling a data of ‘original owners’ of a land in as many as 400 villages to provide the occupant of the properties its legal ownership. In the remaining 321 villages, the administration is facing some technical issues or the same have been listed in the ‘abandoned’ category in the existing records.

Nagpur: Within a year, PMAY flats face rainwater seepage, cracks & various other problems

Due to alleged inferior quality of works done by Nagpur Metropolitan Region Development Authority (NMRDA), some 320 families residing in flats constructed under the Pradhan Mantri Awas Yojana (PMAY) are facing rainwater seepage, electric shocks and other problems within a year of taking possession. Under PMAY, NMRDA had constructed 942 flats on khasra no. 62 under mouza Tarodi. There are 48 wings with G+4 floors each. NMRDA had handed over possession of 450 flats, of which 320 are occupied.

Centre orders release of Rs 35.28 crore under PMAY-Gramin to Punjab

Union Minister of State for Panchayati Raj Kapil Moreshwar Patil ordered the release of pending amount of Rs 35.28 crore under the Pradhan Mantri Awas Yojana (Rural) to Punjab. The directions came after Punjab Rural Development Minister Kuldeep Singh Dhaliwal brought to the knowledge of Patil the pending funds under the scheme. Patil ordered the release of Rs 35.28 crore for building 10,654 new houses and completing 7,293 under-construction houses in Punjab.

Benami transactions laws cannot be applied retrospectively: SC

The Supreme Court held that Benami Transactions (Prohibition) Amendment Act, 2016 does not have retrospective application and the authorities cannot initiate or continue criminal prosecution or confiscation proceedings for transactions entered into prior to the coming into force of the legislation. The top court said the continued presence of an unconstitutional law on the statute book does not prevent it from holding that such unconstitutional laws cannot enure to the benefit of or be utilised to retroactively amend laws to cure existing constitutional defects.

Infosys leases five lakh sq ft office space in Bengaluru

Infosys Technologies has picked up about 5 lakh sq ft office space in Bengaluru on lease to expand its operation in one of the largest office lease deals in the city in recent times. The software major will be paying a rental of around ₹51 per sq ft. The lease term has a five-year lock-in period with a 15-year lease. The company plans to set up 1,000-seat offices across Kolkata, Nagpur, Coimbator, Vizag and Noida. The tech major added 21,171 employees during the first quarter of 2022-23.