Property in Pune
CommonFloor compared the apartments launched from 2010 to 2014 in its report “Reducing Apartment Sizes Across Major Metros – A Report” and inferred that apartments sizes have reduced in the last four years. While MMR witnessed a fall of almost 7 per cent during 2011 and 12.4 per cent in 2013, NCR witnessed a fall [...] Continue Reading »
With the upcoming Budget for the financial year 2013-14, Pune real estate has many hopes on it. The authorities in the finance ministry have already stepped onto the right path by taking steps to increase liquidity in the system by reducing the cash reserve ratio (CRR) as well as repo rates and bank lending rates [...] Continue Reading »
Pune Municipal Corporation has recently proposed to decrease tax rebate for repairing properties in Pune from 15% to 10%. The charging of 15% tax rebate was first initiated 42 years back. This proposal has been decided for both residential and commercial property owners for repair of their properties and make it 10 percent as per the [...] Continue Reading »
In the financial year 2011-12 till now Pune Municipal Corporation has received total 94 cr as property tax. This is because of the initiative taken by department to collect property dues. However, according to sources more than Rs 350 cr due is pending as tax due payments. According to a social activist, social awareness is required so that individuals [...] Continue Reading »
