Property
The SGS Mall has said that the Pune Cantonment Board (PCB) has made an increase of 900 per cent in the annual property tax. Subhash Gulati, CMD, SGS Mall said the mall was paying an annual property tax of Rs 19.54 lakh every year adding that in 2010 the PCB revised the property tax of the mall, increasing it [...] Continue Reading »
The Chandigarh Municipal Corporation has finally started the exercise to impose property tax on residential properties in the city. The accounts wing of the corporation has wrote to 25 government departments and organizations besides housing societies to submit details regarding their residential accommodations in the city within a period of one month. The information has been sought from Chandigarh [...] Continue Reading »
Recent data shared by analysts show that four years after a property price bubble burst in Dubai, triggering a slide that cut home prices more than 60 per cent from their peak, the market finally appears to have stabilized. The real estate market of Dubai is on the road of recovery and Indian buyers have [...] Continue Reading »
The SGS mall in Pune Camp, which was sealed on Tuesday on charge of non-payment of property tax, was opened on Thursday evening, following an order from the district and sessions court here. Principal district and sessions judge Anant Badar ordered the Pune Cantonment Board (PCB) to remove the seals on hearing an appeal filed [...] Continue Reading »
Goa Chief minister Manohar Parrikar has assured that he will resolve the long-pending Mayem evacuee property issue by conferring full benefits of all social legislations on Mayem residents. Even after 50 years of Goa’s liberation, the local villagers are deprived of their proprietary rights in respect of their own land due to existence of the [...] Continue Reading »
Municipal Corporation of Delhi is all set to take strict action against at least five lakh property owners all over Delhi who have not been paying conversion and regularization charges to the corporation. The east corporation is sending notices to 6,000 commercial establishments that have not paid conversion charges to the corporation and the north [...] Continue Reading »
With Yamuna Expressway being opened, property analysts believe that that real estate market in the region is going to witness a boom and the NCR and western UP belt will become a hot destination for homebuyers as well as investors. A hike of 30 per cent in property prices is expected as the Expressway is [...] Continue Reading »
Residential property prices have been steadily rising in Chennai for the last couple of years. Central Chennai areas like Boat Club and Poes Garden have seen the highest price rise. . Other prominent locations include Nungambakkam, T Nagar, Mylapore and RA Puram. Most of the residential developments in the central locations are bungalows and independent [...] Continue Reading »
As revealed by sources, in Mumbai‘s real estate market, cash transactions are still prevalent during transactions. The system of demanding an illegal cash payment still exists in many pockets of the city, especially Bandra, Khar and Juhu belts in the western suburbs. In the 1970s, builders used to take 80 per cent in cash and [...] Continue Reading »
Any buyer of immovable property may soon be able to electronically check details regarding the property – whether the property concerned is free of encumbrances, i.e. outstanding mortgage or unpaid taxes. CERSAI, a Government company, plans to soon allow individuals to access the information recorded with the central registry. The central registry is a shared [...] Continue Reading »
