Property Owners
Generally, once the residential or commercial constructions are completed developers or builders have a sole authority to maintain them. However, the state has no powers or regulated machinery to provide management of social infrastructure to any realty transactions directly. This is where the developers and builders have got complete authority of plots, houses or apartment maintenance. [...] Continue Reading »
The illegal structures in Darjeeling are now planned to get regularized. After Darjeeling municipality imposed hefty fine on the property owners, finally. Also ministers have asked the builders and developers to stop the construction of illegal structures. May it be commercial or residential construction, the height of buildings above 11.5 meters is considered illegal in [...] Continue Reading »
The Municipal Corporation of Delhi (MCD) has passed on a mandatory rule to construct the houses leaving two-metre space from the adjacent buildings to it. The recent incident wherein the digging of basement lead to collapse of the adjacent building provoked MCD to pass this mandatory norm. Especially the residential sectors which are generally constructed [...] Continue Reading »
According to the reports of Indore Municipal Corporation (IMC), around one lakh property owners are not eligible to pay property tax. The reason being they have bought properties, got approvals and have agreements but did not register them. It is the previous owners in place of defaulters who get property tax notices from the civic [...] Continue Reading »
Regularization of illegal buildings is growing in a rapid pace in Kolkata (Calcutta). To clear all the pending regularization issues, the state Assembly recently passed a bill to regularize the buildings constructed on the green as well as on the open space. Until now the bill had not encouraged the reduction in the regularization fee [...] Continue Reading »
Residential properties in Hyderabad that have been leased and rented out by owners to other members will have to bear additional property tax rates. The Greater Hyderabad Municipal Corporation (GHMC) say that this is not a hike in property tax, however a rationalization of tax. The recent field inspection by property tax collectors revealed that [...] Continue Reading »
Until the metro constructions are completed in Chennai, the residents seems to have tough time. The Chennai Metro Rail Limited (CMRL) recently issued notices to the property owners who stay along the metro routes to seal the borewells and open wells. According to the metro construction experts, the borewells and open wells above 16.5 metre [...] Continue Reading »
Property owners who rushed and flouted the building construction norms, you have a tough time to face ahead! The Ahmedabad Municipal Corporation (AMC) demolished 29 buildings in the city. The commercial buildings in the New West Zone had illegally occupied the spaces and were not allowing the public to use the basement parking. Also the [...] Continue Reading »
Property owners who own illegal buildings, you have tough time ahead! Recently, Greater Hyderabad Municipal Corporation (GHMC) has raised 25 percent assess the unauthorized constructions. GHMC Commissioner M.T. Krishna Babu declared the same and ordered the Deputy Municipal Commissioners to implement 25 percent assess only on the illegal constructions in the Hyderabad city. The GHMC [...] Continue Reading »
An investor should always know what will be the right time to invest in the real estate market. Some of the investors who are totally unaware of the happenings in realty market have sat back leaving no stone unturned to find reliable scenarios. Midst interest rate hike and property price hike, it is definitely not [...] Continue Reading »
