real estate news
PMC Orders Civic Audit of Large Housing Societies After Undri Fire Tragedy
Pune Municipal Corporation (PMC) Commissioner Naval Kishore Ram has ordered a comprehensive civic audit of all housing societies with more than 100 flats, following the tragic fire at Marvel Ideal Society in Undri.
Real Estate
NFRA Releases FAQs on NFRA-2 Form: Essential Information for Auditors
The National Financial Reporting Authority (NFRA) has issued a comprehensive FAQ document to clarify the contents and filing procedure for Form NFRA-2. This form covers audit reports signed between April 1, 2024, and March 31, 2025, and pertains to financial statements for the year ended March 31, 2024. The document provides crucial guidance on the e-filing process and the scope of the form.
Real Estate
Telangana Government to Launch Forensic Audit of Land Records: Dharani Portal Transactions Under Scrutiny
The Telangana government is set to initiate a forensic audit of land records and Dharani portal transactions to address concerns over irregularities and restore public trust in the land management system.
Real Estate Maharashtra
Maharashtra Flags Four Bridges as 'Very Dangerous' in Comprehensive Structural Audit
Maharashtra's public works department has identified four bridges as 'very dangerous' following a thorough structural review of 16,395 bridges. Concerns over the integrity of critical transport infrastructure have been heightened, especially after recent bridge collapses.
Real Estate
Gurgaon Audit Unveils Massive Property Tax Lapses; ₹97 Crore at Stake
An audit of the Municipal Corporation of Gurugram (MCG) has exposed significant lapses in property tax collection, with ₹97 crore stuck due to missing owner records. The issue highlights the need for better administrative oversight.
Real Estate Pune
25 Pune Bridges Identified for Urgent Repairs
A recent structural audit has revealed that 25 bridges in Pune are in dire need of urgent repairs. The findings highlight the critical state of infrastructure safety in the city, prompting immediate action from the Public Works Department (PWD).
Real Estate Pune
Pune Admin Takes Strict Action Post Kundmala Tragedy: Massive Safety Crackdown Ordered
Following the tragic incident at Kundmala that claimed the lives of four tourists, the Pune district administration has ordered a comprehensive safety audit of bridges, roads, and other structures to prevent future disasters.
Real Estate
GST Audit on Flat Sales: Understanding the 1% and 5% Rates - A Comprehensive Guide
Real estate projects are categorized into Residential Real Estate Projects (RREP) and Real Estate Projects (REP) under GST. This guide explains the correct GST rates and common audit issues to avoid.
Real Estate Maharashtra
MHADA to Conduct Structural Audit of 1,000 Cessed Buildings by March
As part of the Maharashtra government's 100-day action plan, MHADA is set to audit the structural integrity of 1,000 cessed buildings by the end of March. This initiative aims to ensure the safety and stability of these buildings, which are critical for p
Real Estate Maharashtra
MHADA to Conduct Structural Audit of 1,000 Cessed Buildings in Maharashtra
As part of the Maharashtra government's 100-day action plan, the Maharashtra Housing and Area Development Authority (MHADA) has announced that it will conduct a structural audit of 1,000 cessed buildings across the state. This initiative aims to ensure th
Real Estate Mumbai
MHADA to Conduct Structural Audit of 1,000 Cessed Buildings in Mumbai by March-End
MHADA officials have been instructed to expedite the redevelopment process for properties acquired under Section 91(A). These measures aim to improve the safety and living conditions of residents.
Real Estate Maharashtra
Real Estate Scandal: Developer Couple's Lawyer Claims 'Business Strategy Failed'
In a high-profile case involving accusations of cheating flat owners, the lawyer representing the developer couple has stated that their business strategy went awry, rather than being a deliberate attempt to scam.
Real Estate Mumbai
Navi Mumbai Enforces Structural Audits for 30+ Year-Old Buildings: Ensuring Safety and Sustainability
Navi Mumbai has mandated structural audits for buildings over 30 years old, ensuring the safety and sustainability of its urban landscape. This move aims to address the growing concerns over the structural integrity of aging buildings and promote a safer
real estate news
The Big Four Accounting Firms in China: A Closer Look
Chinese regulators have slapped PwC with a record fine and suspension, highlighting the Big Four's significant role in auditing major Chinese companies.
Real Estate
The Big Four Accounting Firms in China: How Big Are They?
Chinese regulators have imposed a record fine of $62 million on PwC's auditing unit in mainland China over its audit of troubled property developer China Evergrande Group.
Real Estate
China's Auditing Crisis: The Big Four's Credibility Under Fire
The Chinese government is cracking down on the Big Four auditing firms, Deloitte, PwC, EY, and KPMG, amid concerns over their role in the Evergrande crisis and other financial scandals.