Q:Hello guys, I am buying some property in Hyderabad and as this is my first property, I want to know some important things to keep in mind while buying property in Hyderabad. Please tell me.
Latest Answer: For under construction flats it’s very common for the builder to give possession of the flat once it’s occupation ready. But the amenities (if any) are given after long gap and hassles. My suggestion would be simply hold the money for the amenities part until it’s really completed.
Latest Answer: As a prospective homebuyer, you should know that for property assessment, you must submit building plan along with occupancy certificate to the GHMC. Thats where the problem lies right now. Since a large number of houses have not been assessed, collecting taxes from these owners would take a long time
Q:Is hyderabad property tax going to be waivered? Im a prospective homebuyer in the city, so i wanted to be well-aware of the situation. So has the govt given its approval for this waiver ?
Latest Answer: Generally, the state government reimburses the property tax compensation for government buildings in the Greater Hyderabad area. For this year, the government had made a provision of Rs 40 crore in the budget for this purpose. Another Rs 6 crore is towards certain concessions given to the tax payers