Real Estate Forum on Local Body Tax

Latest Answer: Why should the common man bear the burden of this illogical decision? For developers, this decision could not have come at a worse time. There is no sale at all. They are facing a huge liquidity crunch and rise in taxes means rise in property prices. Ultimately, the common people will have to cancel their buying decisions.

Latest Answer: Hi folks!!!! We all know that the government has recently identified 98 cities for the Smart City Project. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.

Latest Answer: @Rubiya, But the original budget was Rs. 2015 crore and expected to be come by March end and the income will increase to Rs 2210 crore. Going by the increasing LBT revenue, a target of Rs 1103 crore (11% increase) has been set for the new financial year.

Latest Answer: Our builder Paranjape Schemes is also demanding 1% to be paid during coneyance deed being done in July 2013. Our registration was done way back in 2010, stamp duty I had paid then only . Why we need to suffer for builder delay

Latest Answer: We purchased our flat befire 1 Apr 2013, and in process of Society Registration, does it attract 1 % LBT , (our builder is asking 1% of agreement value from each flat owner) or it will be 1 % of the Society Registration fees only ??

Latest Answer: LBT is new form to maintain corruption so that Political leader in the local bodies can earn money. Almost 90% of tax payer money goes into the pocket of bug business and highly corrupted political people. All political, business and rich income have almost corrupt mindset. They just want to suck people money. Some how we citizen onf india should clear and straight and transparent policy so that all utilization of money is clearly accounted. Even the estimate provided by the contractor to local bodies need transparent evaluation as it involve some cut of people for santioning authority..many more to say...oof..just praying something should happen and these thing get washed out...