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Developers await implementation of development charges waiver

There is a provision in the statute that planning authority can charge double development charges for vital transport and other infrastructure projects

The state government’s decision to waive off the additional development charges, which were collected over the past five years, has not been implemented due to the absence of an amendment in the existing rules. (REPRESENTATIVE PIC)
Updated on Jul 18, 2023 12:16 AM IST
BySiddharth Gadkari

Titan submersible passengers signed waivers, can OceanGate face a lawsuit?

Oceangate made the passenger sign liability waivers, highlighting the risks and dangers involved in the journey.

Titan submersible of the company called OceanGate. The submersible is a 21-foot vessel, designed to drive 4,000 meters under the sea’s surface.(AP)
Published on Jun 27, 2023 06:59 PM IST
ByHarshita Bhati

Chandigarh parking scam: Cops suspect money laundering, set to approach ED

Chandigarh police say contractor had also been diverting money collected to different accounts in his name and that of other firms, thus pointing at money laundering.

While working on recovering <span class='webrupee'>₹</span>6.5 crore unpaid licence fee from the Zone 2 contractor, whose contract had ended in January, MC officials had unearthed the Chandigarh parking scam wherein the contractor had furnished forged bank guarantees. (HT File)
Updated on Apr 06, 2023 12:19 PM IST
By, Chandigarh

State saw 35% rise in revenue from stamp duty, registration in 2022-23

The Maharashtra state government exceeded its stamp duty and registration revenue target for the 2022-23 financial year, collecting ?43,289 crore, aided by a buoyant real estate market and a rise in the metro cess. However, officials are doubtful if the rally will continue in 2023-24 due to a 25% hike in EMI and a decline in the number of documents registered for flats in the last few months. The decision to not increase the ready reckoner rate for 2023-24 would also lead to a drop in revenue, but an amendment to the Maharashtra Stamp Act to raise the value of bond papers may help.

HT Image
Updated on Apr 04, 2023 12:36 AM IST
By, Mumbai
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