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NMC directs property tax dept to probe selective tax waivers

NMC directs property tax dept to probe selective tax waivers
Nashik- Following an issue raised by an opposition leader at the general body meeting regarding selective waiving of property tax, the Nashik Municipal Corporation (NMC) asked the property tax department to conduct a probe on the issue. The opposition leader, Sudhakar Badgujar, had claimed that the deputy commissioner (taxes) has selectively waiving property tax worth [...] Continue Reading »

Property registration card for property owners in Mysore

Property registration card for property owners in Mysore
Property owners, who are facing problems to get property registration (PR) cards, can now see a sign of relief. Approximately 20 percent of 35,000 property owners were supposed to get property registration cards, which allows ownership of a property in urban areas as per Karnataka Land Revenue Act (1964). The urban development department has allowed the [...] Continue Reading »

MC implements property tax without fixing unit value

MC implements property tax without fixing unit value
Ludhiana- The Municipal Corporation and district administration, had announced that the property tax has been implemented in Ludhiana from April 1 while the civic body has failed to fix the unit values and complete the survey by the deadline. The joint commissioner of municipal corporation, P S Ghuman, had announced that, property tax has been [...] Continue Reading »

UDD Gujarat to provide amenity spaces in undrawn TP schemes

UDD Gujarat to provide amenity spaces in undrawn TP schemes
Vadodara- To curb uncontrolled developments on the outskirts of the city, Gujarat’s urban development department has issued a notification saying that it will provide amenity spaces in the areas which do not have town planning (TP) schemes. The department has proposed to make a variation in the existing General Development and Control Regulation (GDCR) of [...] Continue Reading »

Property tax to be imposed in Punjab

Property tax to be imposed in Punjab
Punjab- The Punjab government is all set to impose property tax from April 1, 2013. The government is expecting to collect nearly Rs 1000 crore annually by this exercise. The state has been divided into eight zones in order to calculate tax ratio on property. The zoning has been done on the basis of prevailing [...] Continue Reading »

Hubli Dharwad Corporation starts property tax campaign

Hubli Dharwad Corporation starts property tax campaign
Hubli- The Hubli Dharwad Municipal Corporation (HDMC) has initiated aggressive campaigning to meet its property tax target for current fiscal. With financial year ending, the corporation has started making announcements over loudspeakers through its vehicles. The corporation officials are distributing pamphlets and issuing notices to people who have not paid tax despite requesting them to [...] Continue Reading »

Real estate market of Rajkot witnesses growth

Real estate market of Rajkot witnesses growth
Rajkot- The real estate market of Gujarat is witnessing rapid growth and transition. Cities like Ahmedabad and Surat have lucrative market and now Rajkot is experiencing the same. In last 9-10 months, the residential property prices in Rajkot is seeing consistent hike of 8-10 percent. The city is preparing to house IT/ITeS companies which will [...] Continue Reading »

Nagpur Metro Rail project gets Maharashtra govt nod

Nagpur Metro Rail project gets Maharashtra govt nod
Nagpur- The elevated Nagpur Metro Rail project has been approved by the Maharashtra government. The estimated cost of this metro project is around Rs 7,350 crore. The project will be implemented by Nagpur Improvement Trust (NIT). The metro proposal will be soon forwarded to central government for approval, said Chief Minister. The Detailed Project Report [...] Continue Reading »

DLF launches studio apartment project in Lucknow

DLF launches studio apartment project in Lucknow
Lucknow- DLF limited, one of the largest real estate developer in India, has launched its studio apartment project named “My Pad—City Centre” in Lucknow. This new project in Lucknow spreads over 5 acre and would encompass 500 studio apartments and 100 shops in the next three to four years. My Pad—City Centre is the second [...] Continue Reading »

Himachal witnesses drastic fall in property prices

Himachal witnesses drastic fall in property prices
Shimla- The prices of properties in Himachal Pradesh have fell by up to 30 percent in the past year, said real estate experts. A 2 BHK flat in Shimla, Kasauli and Solan towns is now available at approximately Rs 25 lakh, a 3 BHK is available for Rs 35 lakh to Rs 45 lakh and [...] Continue Reading »



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