Real Estate Pune
MahaRERA Mandates Prominent QR Codes and Registration Numbers in Builder Ads
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued stringent guidelines, requiring property developers to prominently display QR codes and registration numbers in all advertisements. Failure to comply could result in hefty penalties of up to Rs 50,000.
real estate news
Ghaziabad Property Owners: Urgent Notice to Pay 2024-25 Property Tax or Face Penalties
Ghaziabad's Municipal Corporation is warning 94,000 property tax defaulters to pay their 2024-25 dues promptly to avoid severe penalties and legal action.
real estate news
RBI Imposes Monetary Penalty on Mahindra Rural Housing Finance Limited
The Reserve Bank of India (RBI) has imposed a monetary penalty on Mahindra Rural Housing Finance Limited under Section 52A of the National Housing Bank Act, 1987. This action comes as a regulatory measure to ensure compliance with banking and housing finance norms.
real estate news
Navigate Cash Payments Over ₹2 Lakh: CA’s Warning and Compliance Tips
Despite the digital push, cash remains a prevalent mode of payment in India, especially in sectors like real estate and business deals. A Chartered Accountant (CA) has issued a crucial warning against splitting large cash payments to evade penalties.
Real Estate
Do NCDRC Penalties Qualify as 'Debt' Under the IBC, 2016? Supreme Court Provides Clarity
The Supreme Court of India has recently ruled on whether penalties imposed by the National Consumer Disputes Redressal Commission (NCDRC) can be classified as 'debt' under the Insolvency and Bankruptcy Code, 2016 (IBC). The decision has significant implic
Real Estate
Sebi Slaps Penalties on DB Realty and Top Officials for Financial Misrepresentation
The Securities and Exchange Board of India (Sebi) has imposed a fine of Rs 5 lakh each on DB Realty Ltd (now known as Valor Estate), Vinod Kumar Goenka (Promoter and Chairperson-MD of DB Realty), and other officials for misrepresenting financial statement