Browsing Tag

Transparency

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In a key ruling, ITAT Mumbai allowed Valencia Co-Operative Housing Society in Powai to claim tax deduction on interest earned from co-operative bank deposits, clarifying when housing societies can legally avoid tax on such income.

Your Feedback Now Has a Place in Every Government Office: Maharashtra Makes ‘Listening to Citizens’ Official Policy

The Maharashtra Government has made it mandatory for every government office to collect and act upon citizen feedback. From staff behaviour to service delivery, your experience will now be officially recorded and used for administrative reforms and policy decisions.
In a landmark move for the real estate sector, the Inspector General of Registration (IGR), Maharashtra, has launched a new online e-registration system for property agreements. Hiranandani Fortune City in Panvel is the first real estate project in the state to adopt this digital framework, marking a significant step toward enhanced efficiency and transparency in property transactions. The new system allows for the complete online registration of property agreements, eliminating the need for physical visits to Sub-Registrar Offices (SROs).

Hiranandani Fortune City, Panvel, Becomes First to Implement Maharashtra’s New Online Property E-Registration

In a landmark move for the real estate sector, the Inspector General of Registration (IGR), Maharashtra, has launched a new online e-registration system for property agreements. Hiranandani Fortune City in Panvel is the first real estate project in the state to adopt this digital framework, marking a significant step toward enhanced efficiency and transparency in property transactions. The new system allows for the complete online registration of property agreements, eliminating the need for physical visits to Sub-Registrar Offices (SROs).
MahaRERA

Developers Updating Project Details on MahaRERA Website Increases from 0.02% in Jan 2023 to 62% Now

Developers updating project details on MahaRERA have surged from 0.02% in January 2023 to 62% now, thanks to strict enforcement and compliance measures. This initiative has improved transparency and reduced complaints from homebuyers, ensuring better accountability in Maharashtra’s real estate sector.
India’s higher-education sector is set for a massive infrastructure expansion, requiring 2.7 billion sq ft across 30,000 acres and nearly USD 100 billion in investment, driven by policy reforms, rising enrolments, and entry of global universities, according to ANAROCK Capital.

Real Estate Agent Brokerage to Be Mentioned in Sale Agreement

Maharashtra’s real estate sector has achieved a significant milestone with the introduction of a regulation requiring the documentation of real estate agent brokerage in sale agreements. This change enhances transparency and accountability, ensuring that all financial obligations related to brokerage are clearly defined. With the support of NAR-India, this initiative marks a new era for professionalism in the industry, benefiting both agents and buyers.