Properties
Gurgaon- In a recent announcement concerning the new tax policy, it was insisted by the zonal taxation officials that residents ready to pay their arrears for the financial years 2008-09 and 2009-10 should follow the old tax policy. However, the residents are not quite happy with that as the tax amount is much lesser when calculated as [...] Continue Reading »
According to Knight Frank report, the real estate sector will continue to remain a good investment destination with properties in several residential areas in selected cities likely to appreciate by 91-145 per cent over the next five years. High possible return on investments ranging between 18.6% and 29% per annum over the next five years [...] Continue Reading »
Every rich man’s dream is to acquire a property in Lutyens in Delhi or South Mumbai. Perhaps to acquire a property can be quite tedious due to the limited supply. A ray of hope is given by the old owners who are in feud, as most of the businessmen are able to get their dream [...] Continue Reading »
Its been two months since the Delhi Government has made an announcement concerning the permission to allow the sale and purchase of properties in 300 unauthorised colonies which were regularised along with other 538 settlements. On September 6, the Delhi Government had set a deadline of about one month in order to allow the purchase [...] Continue Reading »
Around 27 shops that have evaded property tax for two years are now under the scanner of Indore Municipal Corporation (IMC). The shops are located at Shagun, one of the commercial buildings in the posh Scheme No 54 area. It was recorded by an assistant revenue officer that 27 shops, sized between 700 to 3,200 [...] Continue Reading »
The Bidhannagar (Salt Lake) municipality has collected Rs 80, 81,000 as property tax and started sending bills to all the residents. Around 1,696 owners have paid property tax accounted to Rs 80,81,000 till the last day of October. According to the municipality chairman Ashesh Mukherjee, the municipality is expecting to collect Rs 9 crore as [...] Continue Reading »
The first Muslim property show which was held in Ahmedabad, kicked off with great revelry as there were about 20,000 visitors especially from the minority community. Since this event was a hit, the organisers are encouraged to hole another such property show based on the communities in places like Rajkot, Surat, Palampur and others. They believe that [...] Continue Reading »
The South Municipal Corporation has found out a new way to ensure that the notice of property tax is delivered to the tax evaders. They have organised a team of officials to serve notice to tax evaders and this process will be recorded in video. In case a property owner approaches the court saying that [...] Continue Reading »
In order to crackdown sloppy work, a policy has been issued by Brihanmumbai Municipal Corporation (BMC) which states that maximum period of redevelopment of property should be four years and levying penalties on developers who cross deadlines. Already over Rs 90 penalties are issued on sub-engineers of road department for not filling up the pot [...] Continue Reading »
Due to a software problem, Brihanmumbai Municipal Corporation‘s (BMC) plan to send out property tax bills by September has been delayed. The property tax bills are likely to be delivered to citizens in November. The BMC has demanded the software developer to hand over the software by October 15. Once the software is acquired, there [...] Continue Reading »
