BMC
In the general body meeting, the capital value based property tax system has been cleared which was passed in the statutory standing committee. The proposal was brought for discussion under the ‘Urgent Business’ proposals and was cleared even though it was not on the agenda. Congress members staged a walkout due to the speedy passing [...] Continue Reading »
Recently, Odisha cabinet has decided to increase the land valuation which will in turn increase the holding tax in the state making it a burden on residents in Bhubaneswar. The land valuation is by general administration (GA) department in the city and it will be increased to match the benchmark valuation of revenue department. The [...] Continue Reading »
Surplus delay in a realty project has caused extreme damage to Bhubaneswar Municipal Corporation (BMC). A delay of 13 years has occurred in construction of a market building in Unit IV, Bhubaneswar. Panchdeep Market Complex, an eight-storied market, has been under construction for the past 13 years. The work, which was a joint venture of [...] Continue Reading »
Have a property tax query or don’t know what is capital value based property tax system? Then not to worry because Brihanmumbai Municipal Corporation (BMC) has come up with an initiative to solve the queries. The civic body has come up with an email address at which if you send a mail along with your property identification [...] Continue Reading »
All the work done by Brihanmumbai Municipal Corporation (BMC) before the start of monsoon has been showing its real colours. With 15 minutes of rain, Andheri East residents saw the whole of area water logged and heavy showers are yet to come. It happened on the Andheri-Kurla road stretch. Till date, the areas has 20 [...] Continue Reading »
In order to abide by the new development control rules, developers have had to change plans and resubmit them to the BMC. This process will raise the construction cost of the properties in Mumbai. According to different real estate builders of Mumbai, this decision will increase the cost of construction of properties in a range [...] Continue Reading »
The city administration of Mumbai has demolished the swimming pool, gymnasium, massive lobby and society office of Kismat Towers in Bandra West. The most expensive rental addresses in Mumbai has violated the construction rules by constructing unauthorized amenities space in the duplex apartments. The 19 storey Kismat Tower has eight duplexes. According to sources the [...] Continue Reading »
The members of Maharashtra Chamber of Housing Industry (MCHI) and Confederation of Real Estate Developers’ Association of India (Credai), have decided to go on a token strike and on May 3. This decision is taken to protest the lack of continuity in policies and inordinate delays in getting clearances for various projects. According to the [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) is preparing an action plan in respect of demolition of 666 illegal shrines. In 2010, BMC passed a resolution for demolishing all illegal shrines. Following strong resistance from locals, the government had issued another subsequent resolution in March 2011, stopping the demolition drive. Now the government is planning to regularize [...] Continue Reading »
