Property Tax Collection in Mumbai Dropped by 34%

Dec 19,2019 / By Prahalad Singh / No Comment

Property Tax in Mumbai

Almost 3-quarters down the fiscal, property tax collection in Mumbai displays a 34% shortfall compared to last year as the Brihanmumbai Municipal Corporation (BMC) has issued no residential bills in the middle of confusion over a waiver policy for homes under 500 sq.ft.

Property tax collection in Mumbai was Rs 1,637 crore till 13th December 2019, while last year BMC had collected Rs 2,495 crore till the same date.

Property tax in Mumbai is the largest revenue source for BMC. This year, tax collection has been executed only from commercial firms since the civic body has issued no residential property tax bills at all this year as it has not updated its software and other systems to reject living units under 500 sq.ft while making bills.

The software update has been kept waiting as there is a lack of clarity on whether residential units under 500 sq.ft are to be charged nothing at all or given only a base amount waiver while being asked to pay the other, smaller components of the bill like the various cess on it.

In a recent meeting with the new Chief Minister of Maharashtra Uddhav Thackeray, the civic administration flagged the issue of fund crisis at a time when the BMC plans to take up many big ticket-size projects such as Goregaon-Mulund Link Road and 29.2 km long Coastal Road project.

As per critics, BMC may not touch even half of property tax target

The Shiv Sena, the party which rules the BMC deliberative wing, and is headed by CM Uddhav Thackeray had in its 2017 civic poll manifesto promised property tax waiver for residential units under 500 sq.ft in area.

The BMC also drastically increased its collection target to Rs 8,300 crore this year from the Rs 5,000 crore it used to set itself before now. Critics are skeptical about the Municipal Administration reaching even half of its target.

BMC officials said that the corporation estimates around 4 lakh properties every year. Though the BMC would issue property tax bills amounting to over Rs 5,500 crore every year, the collection target used to be set at only about Rs 5,400 crore.

As outstanding property tax before the beginning of the fiscal was over Rs 10,000 crore, the collection target was improved this time.

A BMC official said, “This time our target for collection is estimated at Rs 8,300 crore keeping in mind the fact that Rs 10,000-crore plus is the outstanding property tax demand of every year that is carried forward on average and we should begin recovering it”

The pending software upgrade and delay in sending out bills were obstructing a significant revenue source, said Asif Zakeria, a Bandra Corporator.

It is expected that the collection will rise once the clarity on the waiver is achieved and bills are issued, said BMC official. They further said that many companies pay property tax in the last month. Therefore, the tax collection in March month always the highest.

The poor collection was due to offering rebates for garbage segregation by BMC, allocating large sums to the cash-strapped BEST Undertaking and commencing infra projects. “I am going to demand a financial white paper,” said Samajwadi Party Leader in the BMC Rais Shaikh.

How to calculate property tax in Mumbai?

The property tax is a % of the capital value of the property.

Property Tax = Tax rate * Capital Value

Here Capital Value = Rate of base value * Total carpet area/area of land in case of vacant land * building type * age factor * usage factor * floor factor

Property tax payment due date and penalty

Due Date: 30th June

Penalty: It is charged at 2% per month in case of a delay in payment beyond the due date on the outstanding amount.

How to pay property tax in Mumbai?

Property tax can be paid both online and offline.

Online payment

BMC/MCGM

Visit BMC online portal i.e. https://portal.mcgm.gov.in/irj/portal/anonymous
Under the “Online Services” tab click on “Pay Property Tax”
Enter your property account number and choose whether you need to view “outstanding bills” or view “receipts” or “make payment” and click accordingly

Navi Mumbai/NMMC

Visit NMMC online portal i.e. https://www.nmmc.gov.in/navimumbai/
Under “Online Service” click on “Property” and enter you “Property Code” and click “Search”

Offline Payment

If you want to pay manually, it can be paid at the nearest assistant revenue office or BMC helps centers or citizen facilitation centers at all ward offices.

Who are applicable to get concession/exemption on payment of property tax?

Flats/houses measuring less than 500 sq.ft are exempt from payment of property tax.
A concession of 60% for houses/flats measuring between 500 to 700 sq.ft.
Property particularly used for public worship/charitable purposes.
Properties belong to the Diplomatic or Consular Mission of a foreign state as specified by the government.

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Few Manageable Ways to Make Your House into a Green Home

Nov 25,2019 / By Supriya Mogarala / No Comment

In the present-day atmosphere, global warming is assuring that we don’t get to experience the coolness of the winter season throughout the monsoons. The whole climate cycle has begun to go out of control. It is the need of the hour to go to the greenway. Everyone should let go of a lifestyle that is destroying the planet gradually. Go through these points and develop an eco-friendly lifestyle to create your house into a greener home.

1) Give all the electrical equipment a break:
Clean and wash your clothes with cold water and detergent instead of using hot water. Various simple methods that you must realize is to not hold the tap running while brushing your teeth. Also if it is for approximately two minutes. Keep the tap shut. When you move from the room, make assured that all the lamps are turned off. Make sure that you are trying to save energy everywhere.
2) How important plant:
If you have sufficient area for a backyard in your house, go green and be assured you plant plenty of plants, ferns, and also indoor plants. It is the most reliable and economical method of turning the temperature down during summers and takes some reprieve from that humidity. Another immeasurable composition in your eco-friendly lifestyle will be to accumulate rainwater. It can be related to water in your garden and you also get to protect a plentiful quantity of your reserved water. Do not get relieved of your grass pieces. When they disintegrate, they serve as natural fertilizers.
3) Don’t Neglect Your Carbon Footprint Behind
Be assured that when you are moving your missions, complete all the tasks at one go. In such a situation, you must not have to carry out your vehicle too frequently. And that is an example of the methods in which you can go raw and green towards contributing and restoring the stability to the ecological method by generating a smaller amount of pollution.
4) How significant is Water:
If you love baths, just shift to low-flow showers. If you can accommodate to a bucket and mug method, that is also more reliable. After all, just like you, someone from a deprived community also needs some bath-time. If there are any leaky faucets, make sure you get them fixed immediately so your place can be an eco-friendly house. You don’t want to lose more water and add to the building water crisis in your own way.
5) Proceed Paperless
Most maximum of you may not be satisfied with paperwork. With the expanding quantity of files and your diminished tolerance, the paper also indicates trees getting cut. In this situation, choose for e-bills. You can save a document in your email and you will not have to deal with various papers. If you also notice that you get a bunch of junk mails, take your name below those lists. You might be protecting yourself from paper but, in existence, you are also encouraging the world to go green by decreasing the number of trees that are grounded to compose a paper.
6) Move the Toxins At the Entrance
Another essential feature of an eco-friendly lifestyle is to not authorize smoking inside the house. This is an example of the most reliable methods of unloading the air inside your house. Due to the noxious substances in a cigarette, you are naturally encouraging health difficulties like cancer. This feature is a comprehensive no-brainer! When you open and enter the house, forget your shoes at the door preferably than delivering them into your room. This decreases the number of contagions that receive the unrestricted entry inside your house.
7) Go Old-School in the Kitchen

Your kitchen pans must be manufactured of materials like enamel-coated aluminum, cast iron, and stainless steel. Non-stick pans might be important to you when you cook but it can be a reason of interest if the layer gets rubbed and the damaging scraps begin your meals. And god prevents the plastic receptacles that are a genuine image of our plastic lifestyle. To oppose in your own way against the method of using excess plastic.
These are just several of the manageable methods through which you can assure that you breathe in a green
home and experience a healthy and peaceful life.

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Tips to Nurture your indoor garden.

Nov 7,2019 / By Supriya Mogarala / No Comment

A house is always a site where we are available to do everything. It a place that you plan based on your individual choices. A house is eternally a spot of relaxation and comfort. A place where you can acquire every consequence. Whether it’s an independent home or an apartment we all endeavor to execute our house seem wonderful either by refurbishing it or proffering it a unique appearance and sense.

Everyone has an unconventional approach for enhancing their dream house and obtaining their delightful home. People have various interests, one usual concern which has expanded prevalence is landscaping. Plants are always favored at the house not only to give a delightful feeling but also to hold you strong and fit. But not everyone can perpetually fulfill this matter because of a lack of peculiar space in their houses. Nevertheless, with the advice of several valuable tips, you can perpetually have your personal indoor garden established in your house.

Several suggestions for excellent indoor gardens:

Attaining a suitable space:

An indoor garden can catch a lot of space if you intend to obtain a huge garden based on the area you are ready to deliver it. Whether you require your indoor garden to be the portion of your bedroom or you need to hold it in the hall to attain a delightful touch. Analyzing home décor having plants in the hall that provides you a new view of the house and your old house will look refreshing also to create a positive opinion for you.

Adequate Light:

Direct sunlight is an essential component that will assist your plants to develop well. Plants require lightning to photosynthesize and sustain. Without enough light, the plant will develop spindly and may not develop. Ample sunlight is no needed only for plants but also for houses because they accommodate to sustain the everyday life cycle. Sunlight provides vitamin D which is a disinfectant and holds the house healthy. Not only this, a generous amount of sunlight benefits to conserving electricity to a huge extent.

Rational Temperature:

Temperature is also an essential determinant in the fullness of plants. You will not want your plants to fall when you have established them with respect, care, and passion. Many alleged builders implement such window glasses and material which provide enough light to reach and retains the temperature compensated. Due to climate differences sometimes it may appear that the temperature of your house makes it hard for plants, in that situation, you can practice specific home automation devises to manage the temperature.

Pick healthily houseplants:

A prosperous indoor garden begins with blooming and healthy plants. If you plan to maintain an indoor garden be sure the houseplants are healthful enough that can inhibit bacteria to access your home. Children are predisposed to bacteria simply so no one requires to practice the risk hence, it is simple to hold healthy houseplants to maintain your house healthily and bright.

Control house pests:

If plants improve the beauty of your house to a different level there can also be a difficulty of house pests because plants need nourishing. Houseplant pests such as gritty bugs, scale insects can cause destruction in your indoor garden.

While these are extremely common but essential points to recognize if you require to hold your indoor garden. Along with the house, plants are required to conserve the ecosystem. Once the plants are developed in the indoor gardens it will be a large occurrence watching plants bloom. In fact, gardening is an exceptional way to relax your mind and body because of the fresh air that plants contribute to the house.

IMAGE SOURCE: GOOGLE

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How technology had changed the phase of real estate

Nov 5,2019 / By Supriya Mogarala / No Comment

Occupancy Certificate for Wave City Center

The significance of technology in our everyday life is indisputable. We all admit to this case that the progressive world today is insignificant without technology.

Technology has eternally influenced significant businesses like transportation, healthcare, financial services, the retail sector and many more, the identical approach it has transformed the real estate sector in an intense way. Right from viewing for a house online to booking it, technology has satisfied a great idea to promote the customer’s life. Due to technological progress, people have immediately become savvy and hold an easy path to a plethora of knowledge.

Within technology, innovative opportunities are knocking the door

Technological accomplishment has delivered the world to a distinct level and the picture is entirely distinct from the past decades where it handled to be challenging for sellers to combine with buyers.

Simple search methods: Google search has made it easy to obtain any information in a mouse click. Real estate companies now have their websites and apps where the customers can preview the information that they need. Technological development has broken the barrier of even geographic hindrance where NRI customers can also book and finalize homes from any part of the country. In fact, because of booming technology, it is easier for a customer to seek advice from professionals in case of any doubt.

Online payment option: With online payment options buying and selling homes has become a lot easier than before. While earlier customers had to attend individually and a singular date was established to obtain payments. Now, due to easy bank transfer and various other techniques of obtaining payments, it has become simple to make immediate payments.

Chatbots: marketing and sales enforcement has been magnified via chatbots. Chatbots assist as a point of communication between customers and companies because they market straight questions and assists customers to solve their inquiries.

Social media: Every news is just a snap away with Social media. it proffers every unique detail that is important from a customer’s point of view.

Home computerization: With technology shaping our lives easier and simpler. smart homes have become the foundation for a stable lifestyle. It is the technology that has caused home automation into the picture. Every day we understand the latest home automation to obtain our home protected and technologically exceptional. Home automation includes a wide array of functionalities.

Let us understand about few contemporary devices that is the most suitable example of home automation:

Brilliant Control: This thing is an individual wall switch that practices Wi-Fi to connect and experiment with multiple devices in your house. The color finish screen and a user-friendly button will let you play music, control light, estimated temperatures and many more. It’s valued reasonably but is a smart choice for a high-tech house.

Nest Learning Thermostat: Combined with a Wi-Fi that assists you to regulate the temperature from phone, tablet or your system.

Smart heating and cooling: An incorporation of primitive sensor that accommodates to decrease hot and cold points in various rooms. From subtle progression in technology to technology causing a revolution in today’s world has been an indispensable component of our lives.

With technology altering the face of real estate unnatural intelligence is transforming this business. It is prognosticated that Artificial intelligence will be capable to take over the market absolutely. Firstly it managed to be a monologue platform but due to progression in technology, it has now matched a dialogue online program. Due to this Upgradation in technology, it is prognosticated that the overall business division be it a real estate or any other is continuing to prosper.

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How to transform your old house into a new one.

Nov 4,2019 / By Supriya Mogarala / No Comment

Home is a fascinating place to be and to spend your time in. Whether you’ve shifted into a new house or if you’re watching for an immediate renovation in your beloved place. Some instantaneous and simple suggestions that will benefit your house look attractive and unique.

Sometimes even the most insignificant of objects make a larger influence. Be it your house décor or home interior make your house beautiful by appropriating the provided space. Maybe you need to lighten your room and supplement any warmth to your living space. Regardless of the space, you would require to enhance or the kind of house you exist in paying particular attention is necessary. There are loads of methods to give your wonderful house a flawless look.

Here are a few steps for your home makeover:

Repositioning the furniture on several occasions:

The living room is one of the major rooms which represents a significant role during every festival. It’s a position of family functions and building memories. So it has to be designed and redesigned based on possibilities for a festive feeling. For this, you can create a place in your room by eliminating old undesired furniture. Furthermore, you can turn the more prominent items in the corner and smaller ones in the middle to give a capacious outlook.

Entrance Makeover:

Producing a brand-new look to the way constitutes a visual consequence for those who are the earliest visitor in your house. Regarding the fact that there are various methods to obtain your entrance beautifully, you can completely add a few antiques on the front most door. For instance, you can decorate and paint the front door by encompassing a vibrating color like red that produces a visible appeal. Locating topiaries on either side of the front door will augment its influence giving it a supplementary look.

Old Kitchen New Look:

Your kitchen is an essential section of your house and it must match your personality and style of working. With all these, it should also assist the functionality you require. Along with retaining your kitchen clean use a renewed tone of tans like grey or cream and transform the looks of dark cabinets with light colors. To design contemporary features you can also use overhead lights.

Redefine your wall:

Bestowing a unique and fresh look to your wall by endeavoring a few remarkable different items like wallpaper and color tape. You can always attach a few photos or paintings to provide life to walls. To present it a distinctive look seeks out personalization of the wall with hanging mirrors. These hanging mirrors will improve your room seem big. Whereas, pictures across the wall will deliver your room look brilliant.

Give a new feel to your child’s study room:

A study room for children is an indispensable part of your house so, it shouldn’t be practiced for granted. Despite the size of the space with simple tips, you can make your child’s study room charming. The dedicated study period will assist your child to focus on his studies. Make assured there is lots of ambient light in the study room. To ease your child display himself you can ever use blackboard paint where your child can communicate his thoughts and learn. This will assist them to excite their minds and improves productivity.

A house can be renovated within several bucks and an entire lot of creativity is fascinating in its individual way. You can enhance and utilize your house in very comfortable and simple steps with minimum cost. You just should tweak your way to give your house a fresh look.

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