Other cities
Recent data shared by analysts show that four years after a property price bubble burst in Dubai, triggering a slide that cut home prices more than 60 per cent from their peak, the market finally appears to have stabilized. The real estate market of Dubai is on the road of recovery and Indian buyers have [...] Continue Reading »
Mangalore, which has been described as one of the fastest growing tier II cities of the country, and also the fastest growing non-metro in South India, have been attracting developers from all over the country heralding a sea change in its real estate scenario. Raheja Universal is the recent entrée which is making its venture [...] Continue Reading »
The state government’s decision to hike house tax in Allahabad has not gone down well with the residents and now opposition Bharatiya Janata Party (BJP) workers have started protesting against the hike in house tax. The BJP protested against state urban development ministry and stated that the government has cheated the people of Allahabad by [...] Continue Reading »
The recent revision in vacant land tax (VLT) has disappointed many owners of vacant sites and plots in the city of Visakhapatnam. The Greater Visakhapatnam Municipal Corporation (GVMC) officials claim that the decision has been taken to check defaulters of tax arrears as well as to raise revenue. The GVMC is collecting arrears of VLT [...] Continue Reading »
The tax on commercial property in Chandigarh may be increased in near future. The issue is to be taken up at the meeting of the House Tax committee to be held in the coming days and the extent of the increase would be decided after a discussion at the meeting. Property tax on commercial property [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) has now decided to send a leaflet along with the property taxbills, highlighting the insurance scheme it has paid for. Meanwhile, the proposal to pay Rs8.83 lakh to the private agency appointed for the insurance scheme has been approved. Recently it has been highlighted in print media that NMC has [...] Continue Reading »
The empowered committee headed by Minister Shanti Dhariwal, cleared 45 pending cases related to land allotment, conversion and regularization. To expedite the development work, the committee cleared the files that were stuck in the bureaucratic cycle for long. Of the cases, nine pertained to land regularization in residential colonies, 18 were of acquired land. Another [...] Continue Reading »
The property tax in Mysore is likely to go up from 50 per cent to 500 per cent, once the amended Karnataka Municipal Corporations Act comes into force. The amended act paves the way for more revenue generation on the part of the city civic body. Before the amendment, the maximum rate of property tax [...] Continue Reading »
The Vijayawada Municipal Corporation launched a special sanitation drive to start making the city litter-free. The drive was started on Saturday at the helm of Vijayawada (Central) MLA Malladi Vishnu and Municipal Commissioner Md. Abdul Azeem. The MLA has stated that additional 200 crores, along with already released 700 crores, should be released for the [...] Continue Reading »
Nagpur Municipal Corporation, which has been facing severe fund crisis, can breathe a sigh of relief as this year’s revenue collection so far has increased significantly compared to the previous year. The NMC generated revenue of Rs 220.81 crore in the first four months (April-July) of 2012-13, registering a significant increase against the corresponding period [...] Continue Reading »
