Latest StoriesRegulatory

Kerala’s Luxury Tax on Big Homes Yields ₹157 Crore in 5 Years

IDUKKI: The luxury tax on residential buildings has generated ₹157.62 crore for the state over the past five years, with the highest revenue recorded in the 2025-26 financial year (FY). According to data obtained through the Right to Information Act, the state collected ₹67.66 crore in FY2025-26 alone, with Ernakulam and Thiruvananthapuram reported as the highest contributors. The luxury tax revenue for the preceding years was ₹58.46 crore in FY2024-25, ₹7.39 crore in FY2023-24, ₹11.18 crore in FY2022-23, and ₹12.91 crore in FY2021-22. Land revenue department officials attribute the increase in FY2025-26 to a growing number of larger homes and…

Latest StoriesRegulatory

DLF Ordered to Compensate Buyer for Flat Delay in Kakkanad

KOCHI: The Ernakulam district consumer disputes redressal commission has mandated DLF, a real estate developer, to provide compensation for the delayed handover of a flat by nearly four years, along with additional charges imposed. This order was issued following a complaint lodged by Seena Susan Kuruvilla and her son, Mithun Kuruvilla, regarding the DLF New Town Heights project located in Kakkanad. In May 2010, the complainants reserved an apartment at DLF New Town Heights for Rs 34.29 lakh, with an agreement stating the flat would be delivered by January 19, 2013. Despite having paid 95% of the total, the flat…

Latest StoriesResidential

Minister hands land documents to 120 Ernakulam families

KOCHI: M B Rajesh, the local self-government minister, emphasized that self-governing bodies should initiate projects that fulfill the aspirations of families. His remarks came during the inauguration of land document distribution for 120 landless families, part of the Ernakulam district panchayat’s annual plan for 2025-26 under the LIFE project, held on Monday. The various initiatives implemented by the district panchayat are greatly beneficial to the community. The decision to procure land for the landless is a promising step. The minister also noted that this initiative would reinforce the LIFE project. During the event, outgoing district collector NSK Umesh, who is…