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DIRECT COMMERCIAL PROPERTY OWNERSHIP
RBI permits banks to lend only to SEBI-Registered REITs & InvITs; 80% cash-generating assets mandatoryThe Reserve Bank of India has introduced new rules for bank loans to REITs and InvITs. All loans must be fully secured and repaid according...- Zoho unveils India-designed server as AI boom pushes up infra costsZoho has launched Nathu La, an indigenously designed server platform. This move aims to reduce infrastructure costs and improve energy effi...
- DDA auction of 142 properties generates Rs 1,300 crore revenueThe Delhi Development Authority has hit a major milestone by auctioning 142 properties, bringing in a remarkable revenue of Rs 1,321 crore....
- One-time relief for these Greater Bengaluru property owners: Electricity connection without Occupancy CertificateGreater Bengaluru Authority now allows electricity connections without an Occupancy Certificate for homes on plots up to 2,400 sq. ft. This...
- Central Bank of India ordered to pay Rs 2.5 lakh compensation to customer for losing original property papersA consumer commission held the Central Bank of India liable for losing a land title deed deposited as collateral for an agricultural loan. ...
- Delhi court directs confiscated PACL assets be used for investor repaymentA Special Court has ordered the confiscation of properties belonging to PACL Limited. These assets will now be handed over to the Justice R...
- Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
- SC directs implementation of mediated settlement in long-running Ardee family disputeA Bench comprising Justice JK Maheshwari and Justice Atul S Chandurkar took note of the progress made through the mediation process and dir...
- Landlord filed case to evict tenant but tenant bought 50% share from co-owner mid-dispute and filed partition of property case: HC gives no relief to landlord on eviction caseA tenant facing eviction for unauthorized construction and rent default became a co-owner mid-dispute. He purchased a 50% share of the prop...
- Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
- Saudi Arabia issues new property ownership rules for foreign companiesSaudi Arabia has updated rules for foreign companies wanting to buy property. These companies do not need to conduct business in the Kingdo...
- Bengal to probe vandalism during 2019 anti-CAA protestsThe West Bengal government will investigate violence that occurred during the 2019 anti-Citizenship Amendment Act protests. Chief Minister ...
- Real Estate vs equities: Why wealthy investors are increasingly choosing bricks over stocksIndia’s wealthy investors are increasingly allocating capital to premium residential real estate as market volatility prompts a search for ...
- Deadly Malviya Nagar fire triggers MCD crackdown on illegal commercial unitsThe Municipal Corporation of Delhi will start sealing unauthorized commercial properties in South Delhi. This action follows recent tragedi...
- Uttar Pradesh RERA cautions against panic buying of homes, says sufficient inventory available for saleUttar Pradesh real estate regulator RERA reveals over 1.15 lakh housing and commercial units are available for sale across the state. Buyer...
- Bengaluru property owners alert! Can you get mutation done without a Khata? Here’s what the law saysBengaluru property owners can face challenges with mutation without an existing Khata. While legally possible with valid title documents, t...
- Azgaib Shaheed Mazar, mosque razed within Kashi railway station premises amid heavy security deploymentThe Azgaib Shaheed Mazar shrine and a mosque at Kashi Railway Station in Varanasi were demolished following a court order. Officials stated...
- Inherited property through a Will? These 8 legal facts could save you from costly mistakes
- Suraj Estate acquires development rights for Mahim land parcel, eyes Rs 800 cr GDVSuraj Estate Developers is set to acquire development rights for a 0.72-acre land parcel in Mahim (West), Mumbai, for Rs 75 crore. This str...
- Can bonds replace rental income? The ₹40,000 monthly cash flow mathIndian investors traditionally favor rental income for passive earnings, but rising property prices and modest yields are prompting a shift...
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