According to a notification dated September 26, all mobile phones, whether made locally or imported, will need to be registered and get IMEI (International mobile equipment identity number) certificates from the Indian Counterfeited Device Restriction portal that is run by the Department of Telecommunications.
The state real estate regulator says it can't force the developer to complete the project, allows de-registration after two-thirds of buyers agree to it and are refunded money with 9 percent interest. Experts say the order could pave the way for developers to explore this option if a project is commercially unviable.
Some developers suggest their projects are RERA-approved when in fact they have only been registered with the real estate regulator and are not compliant with post-registration requirements
Property sales registration recorded a 20 percent rise year-on-year in August 2022; however, it was a drop of 28% month- on- month
In 2021, the state launched software which enables developers to e-register property sales at their own offices. One reason for such a system was to arrest registration revenues from falling. They have been going down since the COVID-19 breakout. The second was to end the crowding at the registrar's offices.
Delhi Development Authority (DDA) has applied for registration of 18 projects before the Real Estate Regulatory Authority of Delhi since 2019
A heavy penalty will be levied on projects that are not registered
Taking solid steps towards making Kanwar Yatra more safe and easy, Delhi Police has made passenger registration system for the first time
Compact home of up to 500 sqft contribute to 38% of all properties registered in June 2022 as compared to 34% in May 2022
The registrations of Antriksh Sanskriti Phase-2, Antriksh Sanskriti Phase-3 and Raksha Vigyaan Sanskriti Phase-2 have been cancelled and proceedings initiated under RERA's Section 8, the real estate regulatory authority said
Various RERA authorities have expressed divergent views in respect of interpretation of Section 3(2) (a) of the RERA Act, which exempts certain projects from the requirement of registration.
The move will result in much-needed relief to homebuyers in Delhi-NCT, usher in transparency in the sector, say experts.
RERA registration number of at least 19 commercial projects also ‘lapsed’ in 2021
So far the number of projects in the NCR and non-NCR districts had been almost equal
This is a decline of 4% y-o-y compared to Rs 10,172 units that were registered when the lower stamp duty window was available.
Possible mobility restrictions due to rising Omicron virus cases will be a factor impacting the property registration activity in the first month of the New Year, added Knight Frank.
The momentum in housing sales is expected to continue in 2022 with such stimulus measures unless the Covid pandemic hits sentiment in the coming weeks and months.
A whitepaper has recommended that RERA registration must be made mandatory for all residential developments in Category A colonies, irrespective of size, number of units or any other exclusion that the builder might use
November recorded property sale registrations of 7,582 units at a 18 percent YoY decline, and 12 percent MoM decline; Registrations higher by 36 percent against November 2019,
The directive should lower the cost of buying a new home but the state government must first issue a notification so that homebuyers can also get the benefit of lower stamp duty
More than half of all apartments registrations in 2021 were done since announcement of duty cut in July 2021; November 2021 saw 62% YoY degrowth
Experts say that while this may reduce corporation tax collections on sale of properties due to the lower rate at which properties would be taxed, the number of transactions may increase bringing in more revenue to the exchequer.
As far as stamp duty is concerned, around Rs 515 crore has been the collection until September 29, 2021.
After Maharashtra government decided to offer a seven-month stamp duty waiver, 19,600 properties were registered in MMR in December 2020; 10,442 in January 2021 when stamp duty was at the rate of 3% and 17,091 until March 31, 2021. Delhi has not witnessed such a trend
Registrations touch over 9,000 housing units compared to 7,851 units in June 2021 which is an increase of 15 percent; The number has risen by almost 20 percent compared to July 2019 when 7,534 units were registered.