Property
The Bombay High Court has refused to entertain a petition filed by SGS Infratech Ltd challenging the propriety of notice issued by Chief Executive Officer of Pune Cantonment Board. The notice demanded property tax from April 1991 to March 2012 in respect of its property on the defence land.The bench stated that the petition is [...] Continue Reading »
The state government’s decision to hike house tax in Allahabad has not gone down well with the residents and now opposition Bharatiya Janata Party (BJP) workers have started protesting against the hike in house tax. The BJP protested against state urban development ministry and stated that the government has cheated the people of Allahabad by [...] Continue Reading »
At a time when the real estate sector is going through a lean phase and the inventory level of Mumbai is going up propelled by a dip in sales, the traditional upmarket residential enclaves of south Mumbai – are skyrocketing. The city’s plush Nepean Sea Road area sold for a boggling Rs 1.20 lakh a [...] Continue Reading »
The tax on commercial property in Chandigarh may be increased in near future. The issue is to be taken up at the meeting of the House Tax committee to be held in the coming days and the extent of the increase would be decided after a discussion at the meeting. Property tax on commercial property [...] Continue Reading »
Property tax collection in Salt Lake is set to be restarted. The Trinamool led Bidhannagar municipality had started tax collection on March this year after several years but collection again had to be withheld after a section of residents complained of some miscalculations in many of the tax bills dispatched. Many residents started complaining that [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) has now decided to send a leaflet along with the property taxbills, highlighting the insurance scheme it has paid for. Meanwhile, the proposal to pay Rs8.83 lakh to the private agency appointed for the insurance scheme has been approved. Recently it has been highlighted in print media that NMC has [...] Continue Reading »
The South Delhi Municipal Corporation (SDMC) has decided to literally wake up the tax defaulters to make them pay their taxes. The property tax defaulters of South and some parts of West Delhi soon might be surprised to hear drum beats (dhols) outside their homes. Unable to make several property owners pay the tax in [...] Continue Reading »
The data shared by Cushman & Wakefield (C&W) shows that the capital values of residential property in Ahmedabad has been slower than anticipated. Even the posh areas in the city — Satellite, Vastrapur, SG Highway, and Prahlad Nagar — have grown at an mediocre seven per cent in the last 12 months ending June 2012. [...] Continue Reading »
Sobha Developers’ most valued land parcel in the heart of the Bangalore city has finally got a blue print. The Bangalore-based developer’s 2-acre marquee property, located on the Church Street- St Mark’s Road junction has been revealed to be developed into office cum shopping mall. As per declaration, Sobha is developing the property and has [...] Continue Reading »
Property prices in the upmarket residential areas of South Delhi have dropped by 20 per cent. Slowdown in sales is forcing builders to settle for less as they are under pressure to cut inventory. According to analysts, the market is fast becoming a buyers’ market. Of the 368 apartments that have been released into the [...] Continue Reading »
