Cities
Chandigarh- A revision of property tax rates in residential areas in Chandigarh will be performed by the committee of local bodies department. The Municipal corporation had imposed nominal property tax of Re 1 per square yard annually on residential properties having an area above 125 square yard. This amount paid will be restricted to Rs [...] Continue Reading »
Magarpatta, located in the eastern part of Pune has emerged as one of the realty hotspots in the city. The locality has been in demand because of its close proximity with Kharadi EON IT Park, Kalyani Nagar, Koregaon Park, Fatimanagar and the Hadapsar Industrial Estate. The much hyped DP Road is also in the vicinity [...] Continue Reading »
Chennai- The landscape of Chennai city will soon change with the numerous residential projects for which approvals have been granted. It is also found that few planning and commercial land-use permissions have been issued for this year. A large number of residential projects will be launched on ‘reclassified’ land. A reclassified land is a land which [...] Continue Reading »
Commercial property located within a radius of one kilometre from any metro line in Delhi is likely to witness a hike in property tax very soon. The three new municipal corporation heads have given a positive nod for the move. Considering the assembly elections scheduled next year, residential properties will be excluded from the hike. [...] Continue Reading »
According to Uttar Pradesh Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010, there are five provisions on the formation and management of residents welfare association (RWA), which include : Association of flat owners: Association of flat owners is one of the five clauses which states that each and every apartment should have an association [...] Continue Reading »
The new property tax system proposed by Brihanmumbai Municipal Corporation (BMC) has been challenged by a PIL in the Bombay High Court recently. The new property tax bill will be applicable from April 1, 2013 but has been caught amidsr many controversies. An activist named Rajendra Thacker has filed the PIL which states that the [...] Continue Reading »
While the Garden city is famous for several things, there is one more important factor in the city which has not gained popularity: large apartments. Across major metro cities in the country, the average size of the apartments is roughly between 1,100 sq ft to 1,200 sq ft. But in Bangalore, the average apartment size [...] Continue Reading »
Kolkata – The recent Union Budget 2013 has proposed deduction in tax on home loan upto Rs 25 lakh which has brought cheer to home buyers, especially in Kolkata, as compared to any other major metro cities. One can claim the deduction at tax only if the loan amount is less than Rs 25 lakh. [...] Continue Reading »
Chandigarh- ATS Group has launched its new residential project named “ATS Golf Meadows Lifestyle” at Dera Bassi, Chandigarh. ATS Golf Meadows Lifestyle is a gated community spreading across 26 acre of land. It has 14 towers comprising of total 1040 homes designed in the Mediterranean style. The project offers luxury 3 bhk, 3+1 bhk and [...] Continue Reading »
Cosmos Infraestate Pvt Ltd has launched its latest project “Cosmos Shivalik Homes” at Site-C Residential, Greater Noida. This project is a combination of luxurious and affordable housing with exclusive modern amenities. Cosmos Shivalik Homes is strategically located in Surajpur, Greater Noida. The support system of premium schools, affluent malls and enticing multiplexes make it an [...] Continue Reading »
