Cities
Demand for one BHK units in Bangalore is growing in specific areas. Although traditionally demand for this section has been lower in Bangalore than in other metros, demand for 1BHK has been on the rise in areas such as Madivala and Mathikere. However, these BHKs are larger as compared to other metros and the size [...] Continue Reading »
Old Mahabalipuram Road (OMR) or Rajiv Gandhi Salai is transforming into a real estate destination from a suburb in Chennai. The setting up of TIDEL Park on Old Mahabalipuram Road (OMR) in 2000 changed the landscape of the area. Premium residential housing market along the belt starting from Madhya Kailash, all the way to Thiruporur, [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has given a three-day deadline to engineers of the roads departments to inspect the major Ganpati routes in their jurisdiction. The engineers are asked to report all potholes that need to be attended to. They have been asked to report the potholes on the civic body’s website following which the [...] Continue Reading »
Realtors’ body, The Confederation of Real Estate Developers’ Associations of India (CREDAI) assured flat buyers that its members would not charge any extra money from the existing home buyers in Noida Extension area. The assurance came from Amrapali Chairman and Managing Director Anil Sharma. CREDAI response comes after Noida Extension Flat Owners Welfare Association (NEFOWA) [...] Continue Reading »
Volume of home sales dropped in most micro markets across the country in the first quarter of the year. An Edelweiss research report states that home sales dropped the most in NCR, followed by Chennai and Hyderabad. Most developers across the country reported a seasonal decline. Revenues of 13 listed real estate firms declined by [...] Continue Reading »
Big house owners in Chandigarh will have to pay more in house tax as compared to those of smaller houses. The Chandigarh Municipal Corporation has decided to impose higher taxes on big houses once the house tax is imposed. The municipal corporation compiled details of the size and number of houses in the city. There [...] Continue Reading »
The corporators in Pimpri-Chinchwad have demanded that the penalty being charged by the property tax department from citizens for unauthorised constructions after January 2008 be reduced. The PCMC property tax department has started sending notices to the owners of the unauthorised constructions directing them to pay a penalty equivalent to the property tax of the [...] Continue Reading »
Bidhannagar Municipality is all set to restart the process of collecting property tax in Kolkata. The civic body had started collecting taxes in March, but the tax collection process had to be stalled a couple of weeks later after some confusion over tax calculation came out. Now the officials have declared that they are to [...] Continue Reading »
Serious flouting of responsibilities of public officials came out in the open in inquiries carried out by Corporation of Chennai. Inquiries have shown that in several cases, assistant revenue officers in the zonal levels do not deposit property tax cheques on time. As a result, residents are fined for late payment. Top Corporation officials suspect [...] Continue Reading »
Civic authorities in Delhi have taken a strong stand against property tax defaulters. The South corporation has attached the bank accounts of 114 properties, which have been defaulters. People and organisations with the highest amount of pending payments have been targeted by the authorities. Most of them had not paid taxes for years despite repeated [...] Continue Reading »
