Daily Real Estate News Digest (13th July 2019)

Draft Tenancy Act faces ire of commercial property owners

It said welfare policies as a rule should help those who are senior citizens or those whose needs are the most.

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BSNL begins land monetisation, fair valuation at Rs 20,000 crore.

Time-bound monetisation of land assets, mobile towers and fibre networks will help BSNL earn some money.

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China tightens curbs on property firms raising money offshore.

The country's state planner said any new offshore bond issues by real estate firms must be used only to replace medium- and long-term offshore debt maturing in the next year. 

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Tamil Nadu has second highest property registration cost among states.

 Tamil Nadu levies one of the highest stamp duties and registration fees among Indian states. With 7% stamp duty and 4% registration fees, TN is far ahead of most states and falls behind just Bihar, which levies 16% charges.

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Malabar Hill housing society goes to Bombay HC against BMC levying hefty parking fines.

he challenge described the BMC move as “unconstitutional” and “colourable exercise of power” to “hold citizens to ransom and forever keep them in terror” only to enhance revenue.

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In a first, builder's Rs 12 crore properties to be auctioned to refund flat buyers.

Borivli tehsildar on Wednesday issued a public notice announcing the auction of properties owned by Ravi Group of Companies at Malad (E) valued at Rs 12 crore.


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