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Amravati Municipal Corporation holds general body meeting

Amravati Municipal Corporation holds general body meeting
Amravati Municipal Corporation (AMC) held its general body meeting in which key decisions were taken regarding industrial incentives and Below Poverty Line (BPL) facilities. AMC is planning to give concession on local body tax (LBT) and house tax to the industries in the Maharashtra Industrial Development Corporation (MIDC). In the general body meeting, decision has [...] Continue Reading »

BBMP releases list of major property defaulters

BBMP releases list of major property defaulters
While the Bruhat Bangalore Mahanagara Palike (BBMP) announced to start the tax collection drive, it was alleged that it had targeted lower and middle class to collect property tax. Now, the BBMP has come up with the list of 20 major property tax defaulters, who owe almost Rs 16.58 crore to the civic agency. Big [...] Continue Reading »

Property tax draws criticism from Ludhiana citizens

Property tax draws criticism from Ludhiana citizens
The new property tax policy of the state government of Punjab has not gone down well with the citizens of Ludhiana. The property tax rates fixed at 1 per cent for residential, 1.5 per cent for institutional, 2 per cent for industrial and 4 per cent for commercial property are being considered very high by [...] Continue Reading »

Punjab govt to impose tax on vacant lands

Punjab govt to impose tax on vacant lands
In order to earn additional revenue of about Rs 1000 crores, Punjab Cabinet has decided to impose property tax on vacant lands among various other measures. Along with built up buildings, vacant plots and semi-built up units have also been brought under the purview of the proposed tax. All vacant plots would attract 25 per [...] Continue Reading »

Thane Municipal Corporation’s property tax proposal criticised by political parties

Thane Municipal Corporation’s property tax proposal criticised by political parties
Thane Municipal commissioner RA Rajeev’s proposal to shift to capital value based assessment of property tax in Thane has been criticised collectively by all the political parties. General body of the Thane Municipal Corporation, comprising of members from all political parties – Congress, NCP, BJP, Shiv Sena lashed out at the administration’s proposal to shift [...] Continue Reading »

Delhi high court rejects pleas against govt levying property tax

Delhi high court rejects pleas against govt levying property tax
The Delhi government got a boost as pleas against the government’s legislation levying property tax were rejected. Delhi government had passed a legislation empowering the corporations to levy property tax on the basis of unit area hold by the owner. Many individuals pleaded with the court to declare the Delhi Municipal Corporation (Amendment) Act, 2003, [...] Continue Reading »

Property defaulters are to face brunt in South Delhi

Property defaulters are to face brunt in South Delhi
South Delhi property tax defaulters are to bear brunt of Delhi Municipal Corporation. The south Delhi Municipal Corporation has geared up to crack down on defaulters who have rented their properties but have not been paying the right amount of property tax. The Corporation officials state that most of the residents are either not paying the [...] Continue Reading »

GHMC coming up with new software to calculate property tax

GHMC coming up with new software to calculate property tax
Greater Hyderabad Municipal Corporation (GHMC) is set to bring relief to the owners of properties by sparing them the ordeal of running around the municipal offices for assessment of property tax. The civic body is coming out with a new software on its website, which will enable property owners to calculate their property tax at [...] Continue Reading »

Developers aim at reaping benefit from decline in rupee

Developers aim at reaping benefit from decline in rupee
The decline in Indian rupee has been seen as a benefit by developers of India. Developers have long targeted the non-resident Indians or NRIs, who are often tempted to buy property in their country of origin. The rupee has fallen nearly 18 per cent over the last one year, to trade at around 55.48 rupees [...] Continue Reading »

Citizen Matters releases property book in Bangalore

Citizen Matters releases property book in Bangalore
Citizen Matters, a Bangalore based citizen oriented news magazine, has launched the first book – “Living in Bengaluru” on 4th August at Jayanagar. The book is a guide to make living in Bangalore easier. It is a compilation of FAQs and how-to articles written by Citizen Matters‘ professional journalists and experts. The book covers public [...] Continue Reading »



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