The Tilak Nagar police in Mumbai have launched a major crackdown on property owners who have failed to comply with the legally mandated tenant verification process. Nearly 10 First Information Reports (FIRs) have been filed against non-compliant property
Tenant VerificationProperty OwnersTilak Nagar PoliceMumbaiLegal ComplianceReal Estate MumbaiNov 03, 2024
The tenant verification process involves collecting and verifying the identity and background information of tenants. This helps in ensuring the safety and security of the neighborhood by preventing illegal activities.
Tenant verification is important because it helps in preventing criminal activities such as drug trafficking, theft, and other illegal acts. It also ensures a safer and more secure living environment for all residents.
Property owners who fail to comply with tenant verification norms can face legal penalties, including fines, legal charges, and even imprisonment. They may also face social repercussions from the community.
Property owners can verify their tenants by collecting and verifying their identity documents, such as Aadhaar cards, passports, and PAN cards. They can also contact the local police helpline for assistance and guidance.
The local community, including resident welfare associations (RWAs), plays a crucial role in spreading awareness about the importance of tenant verification. They work closely with the police to ensure compliance and a safer living environment.
The upcoming budget is expected to boost sentiment in the housing sector by introducing measures that benefit homebuyers and real estate developers, improving infrastructure funding in cities like Thane.
RERA authorities have resolved over 1.25 lakh consumer complaints across India, marking a significant milestone in the country's real estate sector.
Renowned global investor Ruchir Sharma offers his analysis on the recent political shifts in Maharashtra and Jharkhand, highlighting the surprising gains made by the Maha Vikas Aghadi and the implications for the future.
The Indian real estate market is on the cusp of significant transformation, driven by evolving market trends and changing customer preferences. Here are the top 5 expectations from the 2025 budget that could propel the sector to new heights.
Internal documents from the General Services Administration (GSA) reveal a potential large-scale closure of federal offices, following DOGE's directives. The move could affect dozens of locations and hundreds of federal employees.
The Maharashtra government is incentivizing real estate developers to adopt precast construction methods to mitigate air pollution in Mumbai, offering various benefits for off-site manufacturing.