In the hill town, there is a new format of property tax, which gives green buildings a 50% exemption. Under the new rules, the Dharamshala Municipal Corporation’s (DMC) meeting of the General House decided on 30 January all families below the poverty line and cowsheds were exempted from paying property tax. When approached, Devender Jaggi, […]
Hilltown with green buildings will get a 50% tax rebate on property tax.more
Finance Minister Nirmala Sitharaman today introduced a new discretionary personal income tax regime and unveiled a multibillion-dollar farm, infra and healthcare package to boost the country’s economy. Emphasizing capacity building and empowering oppressed sections of the society while preserving the creators of wealth, Sitharaman said this budget would improve people’s income and purchasing power. Finance […]
Latest Update: Finance Minister Nirmala Sitharaman budget speech 2020 highlights.more
On January 30 Tukaram Mundhe, Municipal Commissioner, ordered the Property Tax Division of Nagpur Municipal Commissioner (NMC) to auction government property in order to recover taxes. After a review of the property tax department, he published the guidance. Currently, 314 properties are owned by the central government and property tax dues of Rs 37.86 crore […]
Municipal Commissioner auctions government properties to recover outstanding tax dues.more
Thirty years is a short time in a rising metropolis and as the commercial hub of the Bandra-Kurla Complex became a hotspot, MMRDA decided to make it more lucrative by preparing a cosmopolitan development of taller buildings, and greener spaces. A master plan to construct 28 commercial and 10 residential buildings in BKC’s E Block […]
MMRDA proposes 28 commercial and 10 residential buildings in BKC to make the area more lucrative.more
The Smart Cities Mission will complete its five years of implication and the central government is going to publish a report card in June, consisting of 100 chosen smart cities into three categories – ease of living, municipal performance index and climate. It will allow cities to plan better and move towards data-driven governance, which […]
Government to issue a list of “Smart Cities” in June 2020.more
Maharashtra Real Estate Regulatory Authority (MahaRERA) lawyers decided to provide home buyers with free legal consultancy and support in court from February 1. The Bar Association-run Legal Aid Cell advocates will serve those in need of help in the logjam between builders and homebuyers. The members have held several seminars to raise awareness about the […]
Lawyers will provide legal assistance to the distressed homebuyers for free.more
Godrej Properties Ltd (GPL), a real estate company, has unveiled a luxury residential project at the famous RK Studios in the tony Chembur neighborhood, the southern part of Mumbai. The company is releasing the 3 and 4-bedroom Collector’s Edition residences, it said in its release. Bombay Art Deco influences the architecture of these luxury buildings. […]
Godrej Properties to develop luxury apartments at the famous RK Studios.more
A professional in service management shows the way for citizens forced to live in illegal buildings. Jaswinder Bansal not only refused to allow the ageing parents to inhabit their redeveloped apartment, constructed in a completely illegal building but also filed a lawsuit in the High Court of Bombay against the builders and the BMC. On […]
High Court orders demolition of illegal building, following a resident’s complaint.more
A sharp contrast to previous years, more investors are eager in last-mile funding for stuck housing projects that seems to be a rub-off impact on equally strained residential projects from the government allocating Rs 25,000 crore. In the light of evolving regulatory and market circumstances, the burden on developers to deliver the projects at earliest […]
Investors explicate keen interest in last-mile funding for the stuck housing projects.more
According to a survey, housing sales fell in nine cities by 9% between October and December to 60,453 units as a result of the economic downturn and liquidity crisis. PropTiger recently reported a 30 per cent decrease in sales in nine cities between October and December quarter. In 2019, however, Knight Frank India and Anarock […]
Report: Housing sales dropped in nine major cities by 9%.more