Government of Maharashtra
The Managing Director of HBS Realtors has been appointed as Hon. Consul by République de Côte d’Ivoire (Ivory Coast), a country in West Africa. Mr. Sandeep Shah is the MD of Mumbai based HBS developer which is the leading real estate firm which is combination of residential, commercial and infrastructure development with solid regeneration expertise. [...] Continue Reading »
Mumbai Metro Rail Corporation (MMRCL) will issue detailed tenders for Metro Phase-3 by July 2014. The contract will be awarded to bidders by October 2014. The construction of this project of 32.5 Km long Colaba-Bandra-SEEPZ underground metro corridor is likely to start from January 2015. Mr. Sanjay Sethi, Managing Director, MMRCL and Additional Metropolitan Commissioner, [...] Continue Reading »
The Mumbai Metro Rail Corporation (MMRCL) plans to issue detailed tenders for the 32.5-km Metro-3 by July 2014 and award the project by October 2014. The cost of this project is around Rs 23,136 crore. The development of the Colaba-Bandra-SEEPZ underground metro corridor will be awarded on EPC (engineering, procurement and construction) which is expected [...] Continue Reading »
Much controversy has been created over VAT to be payable by the developers to the government of Maharashtra. The state sales tax department has issued a circular to developers which states value-added tax (VAT) at the rate of 5 per cent of the value with retrospective effect would be levied on flats, shops and bungalows. [...] Continue Reading »
As the state government of Maharashtra has proposed a hike in the stamp duty of the property transaction, the buyers of the residential and non-residential properties in Mumbai will have to pay a five per cent stamp duty on the market value of the property. Earlier, the stamp duty in Mumbai was charged at Rs [...] Continue Reading »
The government of Maharashtra decided to table the housing regulatory bill in the running assembly session. The assembly will discuss the bill but the passing of the bull is not yet confirmed. The builders are claiming to remove the direct jail terms in the proposed bill. The union ministry has refused to remove the provision. [...] Continue Reading »
The government of Maharashtra released an order to probe into the allegation of unauthorized construction made by the extension of Mukesh Ambani’s Home. The allegation raised about the extension work for the beautification of the house, which includes a lawn, boundary wall, a staircase and a security cabin all in public setback plot. The officer [...] Continue Reading »
Nagpur government wants to hurry up the pace of aadhar registration. Government has directed civic bodies to appoint the “introducers” immediately to convenience the citizens. A reminder regarding same came into effect on December 2, 2011 by the the general administration department of the government of Maharashtra. These appointed introducers will be guiding in detail [...] Continue Reading »
