Maharashtra
Thane has emerged as a preferred residential destination in recent years in Maharashtra. The main reasons being rapid development in various sections of the region. Also the surrounding natural beauty of Sanjay Gandhi National Park, Yeoor and Parsik hills have been a factor. An erstwhile industrial hub, the area has seen a tremendous change in [...] Continue Reading »
Over four lakh flat owners in Maharashtra, who had bought properties between June 20, 2006 and March 31, 2010, may have to pay Value Added Tax (VAT) to the state government. As the state government plans to recover VAT, a trade circular is issued by the Maharashtra sales tax commissioner on August 6. The tax [...] Continue Reading »
The experts have criticized the new housing regulatory bill in Maharashtra. Under the new housing regulatory bill, not only the developer but even flat buyers can be put behind bars and made to pay a fine if they fail to comply with the housing regulatory authority’s order. Experts feel there is nothing to cheer about [...] Continue Reading »
The new Maharashtra Housing (Regulation & Development) Bill, 2012, came under attack from housing experts as they labeled it ‘builder friendly’. Activists, housing societies and flat buyers claimed that not only was it poorly drafted, but also failed to maintain transparency and stated that it is a watered down version of the repealed Maharashtra Ownership [...] Continue Reading »
While the civic bodies always seem to project themselves of running short on funds, a recent revelation in Maharashtra pictures inefficient collection machinery causing huge loss to the bodies. An Right To Information (RTI) query filed by two BJP corporators has revealed that 70,000 property holders in Pimpri-Chinchwad have not paid property tax dues, total [...] Continue Reading »
The state government of Maharashtra finds itself in the midst of an all new challenge – considering the application of a construction firm to divert its prime property at Mulund from forest to non-forest area. Oberoi Realty Ltd made an application to the conservator of forests, Nagpur, to divert its 18-acre property on LBS Marg, [...] Continue Reading »
Maharashtra state would bring a policy to re-develop dangerous and illegal constructions in the state said Chief Minister Prithviraj Chavan in a debate in the Legislative Assembly. There were 1,106 dangerous and 57 severely dangerous buildings in Thane and majority of these buildings are illegal structures, said Chavan. As per the Maharashtra Regional Town Planning [...] Continue Reading »
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »
While making his position clear on tackling the alleged nexus between the BMC officials and construction lobbies, the Maharashtra Chief minister Prithviraj Chavan admitted that development charges of Rs. 102 crore is yet to be recovered from the developers. It is to be noted that the usual procedure is that BMC recovers this charge from [...] Continue Reading »
Bombay High Court on Tuesday granted interim stay to senior bureaucrat T C Benjamin, on an order directing the Maharashtra Anti- Corruption Bureau (ACB) to investigate accusations against him in an alleged real estate scam. The ACB registered an FIR against Benjamin, the Principal Secretary of the State Urban Development Department, and developer Niranjan Hiranandani, [...] Continue Reading »
