Realty News
The Bruhat Bangalore Mahanagara Palike (BBMP) has set a new record in BBMP property tax collection by collecting property tax worth Rs 1,000 crore compared to previous years. Notices and penalties are levied on BBMP property tax defaulters and those who have declared wrong information on properties. BBMP commissioner Siddaiah said that the target of [...] Continue Reading »
The Supreme Court today maintained its stay on a Delhi High Court order that sought to restrain the Centre from recovering service tax on renting property for commercial use. A bench comprising Justices Mukundakam Sharma and A R Dave said that the apex court’s interim order of January 13 will continue till further orders. The [...] Continue Reading »
The Karnataka High Court on Thursday gave two months to the government to re-examine and reconsider amendments brought out to the Country and Town Planning Act pertaining to the Akrama-Sakrama scheme. It adjourned the hearing of a batch of PILs challenging the Akrama-Sakrama policy brought out by the state government in 2007. The next hearing [...] Continue Reading »
The property tax department of the MCD will keep open the department on all Saturdays except second during February and March this year so that tax payers could file their self-assessment returns and deposit property tax without any hassles. Delhi Property owners got one more day in a week to pay their property tax. Mr [...] Continue Reading »
Mumbai Asia’s 4th costliest place for office space in Oct-Dec 2010 Mumbai has become the fourth costliest city in Asia Pacific for renting a office in the last quarter of 2010. the average annual rentals of Mumbai during the quarter has been estimated at USD 705 per sq mt, the same has been found to [...] Continue Reading »
IT-enabled parking management system eliminate human intervention and a solution to overcome control of parking lots by mafias, leakage of revenue and encroachment on non-parking areas in the Capital. The Delhi Government on Tuesday constituted a core group under the Chief Secretary to study the proposals on having an IT-enabled parking management system in Delhi [...] Continue Reading »
The Karnataka High Court on Tuesday directed the Bangalore Development Authority (BDA) to submit a report on its land acquisitions for forming layouts. Justice DV Shylendra Kumar while hearing a batch of petitions pointing out the lapses in acquiring land for Nadaprabhu Kempe Gowda Layout, asked BDA to submit report on its land acquisitions. The [...] Continue Reading »
Activists and residents staged a protest on Sunday demanding action from the Bruhat Bangalore Mahanagara Palike (BBMP) on the issue of widening of Jayamahal and Bellary roads. Nearly 100 people took part in the protest at Mehkri Circle to express anger against the BBMP for not keeping its promise of holding discussions with the group [...] Continue Reading »
The Delhi government on Monday decided to regularize around 1500 unauthorized colonies in the city. Property Owners will be given 90 days to pay the charges after the regularization notification. The Delhi government on Monday decided to regularize around 1500 unauthorized colonies in the city. The Municipal Corporation of Delhi has been told by the [...] Continue Reading »
The Gurgaon district administration’s decision to begin, starting Monday, a demolition drive against 12,287 properties falling within the restricted 1,000-yard (900 m) radius from the boundary of the IAF ammunition depot resulted in massive protests in the area. Gurgaon residents protest against the Administration’s plan to demolish their colonies. The Administration, however, claimed that these [...] Continue Reading »
