Realty News
Mumbai property owners will not only be getting a final property tax bill, but also a special notice reflecting the property’s capital value in September. The area of the building for which property tax being charged, the new tax calculated, the old tax rate, method of the new capital value-based tax are mentioned in the [...] Continue Reading »
The Central Bureau of Investigation (CBI) is likely to close its investigation in two cases related to large scale alleged corruption during the Commonwealth Games, of which, one being the Barapullah flyover case and the other is bailout package given to Emaar MGF for construction of 1,168 flats in the Commonwealth Games Village. Sources from [...] Continue Reading »
Owing to liquidity crisis with its developer, DS Construction, Kundli-Manesar-Palwal Expressway (KMPE) has missed several time limits. Its recent deadline has been set to May 2013 by state governments of Haryana and Delhi after resolving the financial level of the developer. The delay in the project has disappointed many entrepreneurs and realtors who were betting [...] Continue Reading »
Dhar & Hoon Blurb India has won the creative duties for real estate company Business Park Town Planners (BPTP). The agency won the business based on its outlook and vision for the real estate brand, which goes beyond real estate. The size of the business is said to be significantly high. Other agencies involved were [...] Continue Reading »
Though hotel business may have been witnessing a slow growth in the recent years, the InterContinental Hotels group is buoyant about the long-term demand in the country and is planning to develop 47 hotels within next five years. Chris Moloney, chief operating officer, South West Asia, IHG told at the moment the hotel chain is [...] Continue Reading »
With a clear cut approach focusing on the development of social and physical infrastructure, the Jammu & Kashmir Chief Minister, Omar Abdullah, has hinted at revolutionary changes which mean residents of the state may have to pay tax on commercial and residential properties for the first time. Abdullah reportedly told the Planning Commission while briefing [...] Continue Reading »
Kolkata Municipal Corporation (KMC) aims to collect Rs 1800 crore from property tax, as per new assessment reports of KMC’s revenue department. Presently, the KMC collects Rs 530 crore from property tax. To take the massive leap, the KMC is set to introduce online payment of trade license fees and contractors’ dues. Apart from this, [...] Continue Reading »
The buyers of property are further relieved in Delhi. In relation with the granting of the “deed of apartment” to landowners, the Delhi High Court has observed that the land owning agencies such as the Delhi Development Authority can execute the deed of apartments if builders fail to do so. It will help property buyers [...] Continue Reading »
Under the newly implemented capital value-based system that was approved last month, owners of buildings in Mumbai, which have come up after 2010 will have to pay property tax arrears from April 2010 in this financial year. For older buildings also the final bill will be adjusted to reflect the outstanding or refund amount calculated [...] Continue Reading »
In a verdict ensuring that the city’s home buyers can have exclusive ownership rights and they do not have to struggle to sell it, obtain loan on it or leave it to their children as legally accepted endowment, the Delhi high court directed the land-owning agencies of the city to execute for flat buyers a [...] Continue Reading »
