Property
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 »
The amount of unsold apartments are on the rise in the metropolitan cities. The main reason for this is believed to be the refusal of builders or developers to reduce prices. A meeting called up in the light of reports of increasing number of unsold flats in cities such as Mumbai, it is found that [...] Continue Reading »
In order to reduce the burden of ever-increasing property registration work, 31 sub-registrar offices will be opened in the state of Maharashtra. Property registration is the second highest revenue generating source in the state and at present public has to spend a lot of time to register their property at offices. A proposal seeking additions to [...] Continue Reading »
The nerve center of Chennai, Anna Salai has the maximum number of high-value property tax evaders. Most of the properties in the city corporation fall into the tax defaulters list. About 50 properties of Anna Salai fall under the top 50 tax arrears list and the tax arrears of each of these properties range between [...] Continue Reading »
Since the property registration process went online in July, people visiting the sub-registrar office at Chembur (East) are facing delays to get their documents registered. An average of 50 registrations used to take place at the office before the process went online. Lately, the number of registrations that take place is 30 or it is [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) general body has passed the proposal to implement the new property tax system based on the capital value of properties. The assessment value has been fixed at 0.1 per cent of the capital value. The final report will be submitted to the general body after forming an all party committee [...] Continue Reading »
The four-day property show named “Living Spaces 2012” organised by The Hindu Property Plus has witnessed inquisitive homemakers huddling around tables, discussing interior designing with builders. This event was held at the Chennai Trade Centre in Nandambakkam and will continue until October 4. The fair was inaugurated by A Krishnakumar, managing director and group executive [...] Continue Reading »
The online property registrations were severely affected due to a server crash at the sub-registrar’s office in Chembur, Mumbai. The areas include Kurla, Powai, Sion, eastern and central suburbs. Officials said that the server was suffering from technical issues from the past week and that there were efforts being put to restore it. The daily [...] Continue Reading »
