Maharashtra
Mumbai- With rising number of oppositions to the new property tax system introduced by the Brihanmumbai Municipal Corporation (BMC), the Maharashtra chief minister has been requested to issue stay on the regime. One of the member of parliament has asked CM Prithviraj Chavan to order a stay against the new system because under the new [...] Continue Reading »
Thiruvananthpuram- The issue of land acquisition is been exaggerated by two ministers by sending confusing signals to the land owners which in turn creates hurdles for developmental projects in Kerela. Owners who are willing to surrender their land as per the Rehabilitation and Resettlement (R & R) package will be provided Infrastructural Bonds (IB) by the revenue department. [...] Continue Reading »
New Delhi- In a recent announcement made by Agro-chemical firm, Bayer CropScience said that they had sold their property for Rs. 1,250 crore to Agile Real Estate at Thane in Maharashtra. Both the firms had entered into an agreement in March 2011 regarding the sale of the land and the building. About 520 crore were given by Agile as [...] Continue Reading »
Prospering real estate market of India is a great option for investment for builders and buyers too. If any prime developmental work or new project such as a tech park, an airport, a railway station, a metro work, or a special economic zone (SEZ) is upcoming in an area, then immediately the price of properties [...] Continue Reading »
Sources reveal that Maharashtra chief minister Prithviraj Chavan is not in favour of extending the deadline for paying value added tax (VAT) or reducing the tax rate on flat purchases. As the order of paying VAT has been handled by the high court, the chief minister does not want to extend the deadline or reduce [...] Continue Reading »
With the extension of the deadline to pay the Value Added Tax (VAT) dues by the Supreme Court, now the buyers and the developers are quite relieved. The deadline has been extended October 31 for the VAT on flats purchased in Maharashtra between 2006-2010. Also the SP has directed the Sales Tax Department to waive [...] Continue Reading »
Owing to confusion created in the minds of home buyers, the consumer organisations in Maharashtra have come together to address flat owners’ concern over paying the Maharashtra Value Added Tax (MVAT) to builders. Three organisations – Sajag Nagarik Manch, the Akhil Bharatiya Grahak Panchayat and the Grahak Hitwardhini have organised an awareness programme on October [...] Continue Reading »
In order to reduce the burden of ever-increasing property registration work, 31 sub-registrar offices will be opened in the state of Maharashtra. Property registration is the second highest revenue generating source in the state and at present public has to spend a lot of time to register their property at offices. A proposal seeking additions to [...] Continue Reading »
US-based American Real Estate plans to open three multi- specialty hospitals and small clinics in Maharashtra, Gujarat and Madhya Pradesh. The real estate firm is looking to set up 500 bed hospitals each in Gujarat, Maharashtra and Madhya Pradesh. The firm has already identified land near Surat in Gujarat and Indore in Madhya Pradesh for [...] Continue Reading »
Around 225 former and serving legislators will have to pay over Rs 85 crore as penal interest and delayed amount in Maharashtra. They have been penalised for failing to make the full payment of the flats allotted to them in Versova by Maharashtra Housing and Area Development Authority (Mhada) in 2009. Compared to the market [...] Continue Reading »
