Mumbai
The home loan incentive which was announced recently by the Finance Minister with the Union Budget 2013 has been the talk since its release. The real estate developers are the group who can cheer the most with the incentive. One can claim the tax deduction only if his/her loan amount is less than Rs 25 lakh. Also, it has [...] Continue Reading »
The long pending monorail project in Mumbai will be functional shortly. Trials are going on regular basis between Chembur and Wadala in Central Mumbai. Chief secretary of Maharashtra said that the test ride which was organised recently went successful and he witnessed the enthusiasm and the excitement of the Mumbaikars to ride a Mono Rail. [...] Continue Reading »
With the growing urbanization and the need for affordable housing in the country, Union Minister for Housing and Poverty Alleviation feels that the developers can manage the situation. The challenges of these two factors are growing in the metro cities of India, but he feels developers can handle the challenges. Approximately 50% of the population [...] Continue Reading »
BMC is all set to take matters into its own hands due to the slackening response from the state government towards the garbage treatment problems in the city. The BMC has decided to enter into agreements with the land fill owners even without the approval of the state government, by amending a clause from the Mumbai Municipal Corporation [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has now planned to seek suggestions and objections for wastewater recycling in the city. The bylaws of wastewater recycling which was made three years ago for new properties in Mumbai was not taken seriously then. Now, the civic body want to make the recycling process mandatory and plans to ask for [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has taken an initiative to promote rainwater harvesting in the city. To start with, the civic body has planned of training the senior citizens of the city of good effects of saving water. This workshop was recently held in the BMC headquarters. The workshop went on for three hours which was [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has for the third time extended the deadline for getting objections and suggestions from the citizens for the existing land use (ELU) maps. Since January 24, deadlines have been shifted twice. Now it has been extended for another month. BMC had got around 3,000 responses on the last day of giving [...] Continue Reading »
With release of Union Budget 2013, the Finance Minister has proposed to offer deduction in tax on home loans to first time home buyers. This initiative has brought some cheer for the home buyers as there was no significant tax reliefs in the past. One can claim the deduction at tax only if your loan amount is [...] Continue Reading »
With the introduction of Union Budget 2013, experts have claimed that the incentives will be of no use for home buyers in Mumbai. The real estate incentives are also claimed to create some problems with the buyers as the flats will cost more due to 1% tax on transfer of properties in Mumbai. To make things [...] Continue Reading »
Mumbai- Now Mumbaikars will have to pay the congestion charges for driving in SoBo areas and the western suburbs as the Mumbai Metropolitan Region Development Authority (MMRDA) has proposed a rule to the state. However, its is expected that state will approve this proposal. Apart from this, the residents in Mumbai city will also have to [...] Continue Reading »
