Pune developers get 2 years' jail in cheating case

Pune developers get 2 years’ jail in cheating case

PUNE: The cantonment court here has sentenced two partners of a construction firm on Sinhagad Road to two years’ simple imprisonment for cheating a homebuyer. Judicial magistrate first class Y P Pujari on Thursday also found Kishor Phale and Yogesh Phale, both partners in Dhaval Properties and residents of Hingne Khurd, guilty of having violated […]

Smaller projects a major worry for consumer body

Smaller projects a major worry for consumer body

PUNE: Consumer bodies are worried over the possibility of smaller projects being exempted from the Real Estate Regulatory Authority (Rera) and an association has raised the issue with chief minister Devendra Fadnavis. With Rera coming into effect from May 1 and the final rules to be out in the public domain within a few days, […]

Maharashtra may hike ready reckoner rates in April

Maharashtra may hike ready reckoner rates in April

PUNE: Those planning to buy a property in the state in the next financial year may be in for a rude shock. The state government may announce increase in ready reckoner (RR) rates in April to tide over the “low collection of stamp duty”, sources from the government told TOI. Interestingly, the hike will be […]

Nashik Reports 50% Dip In Property Sales.

Nashik Reports 50% Dip In Property Sales.

The government’s decision to demonetize old high-value currency notes has hit property transactions hard within the city.Ever since Prime Minister Narendra Modi made the announcement, the sale and buy of properties in Nashik have declined by 46%, i.e. between November 9 and 16. Sources in the workplace from the joint district collector and registrar of […]

Pune Municipal Corporation Going Hard On Illegal Construction In City’s Properties

Pune Municipal Corporation Going Hard On Illegal Construction In City’s Properties

PUNE: The property tax department of Pune Municipal Corporation (PMC) has issued notices to 200 illegal properties and has also sealed three properties. “The notices have directed the owners to pay 3 times more tax. This amount is being charged for neglecting to pay the tax on time,” . As per the PMC officials, an […]

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