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MREAT orders coercive action against developer for failure to comply with refund order

Maharashtra Real Estate Appellate Tribunal has directed the suburban collector to attach and auction properties and bank accounts of Krishna Developers Pvt Ltd for failing to comply with an order to refund a homebuyer.

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Updated on Dec 23, 2023 07:58 AM IST

Property gets dearer in Gurugram as circle rates are hiked by up to 30%

Circle rate is the minimum price at which a property is registered with the revenue department when being transferred. The stamp duty levied on such properties is a major revenue for the state government

The new circle rates will be effective from April 1, the order said. (HT Archive)
Updated on Apr 04, 2023 11:57 PM IST
By, Gurugram

Indiabulls Real Estate guilty of profiteering 6.46 crore to refund homebuyers

The DGAP found that the real estate firm benefitted from additional ITC post the introduction of Goods and Services Tax between July 1, 2017-March 31, 2019, and over ₹6.46 crore should be passed on to the buyers in the project.

Indiabulls Real Estate guilty of profiteering <span class='webrupee'>₹</span>6.46 crore to refund homebuyers(Bloomberg)
Published on Jun 28, 2022 10:58 AM IST
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