Realty News
Though the availability of resale units has been rather limited in Central Business District (CBD) areas, demand always exists from the location specific homebuyers. The demand for resale units is high particularly in areas like Lavelle road, Richmond road and Cunningham road, says Rebekka Ninan of RNU Partnership. The demand for resale apartments in and [...] Continue Reading »
Obtaining khatas is known to be an ordeal in itself. In the past, several residents in Bangalore have narrated stories of how much money they doled out to get a khata. Residents of Suncity Apartments on Sarjapur Road narrate their exhaustive khata registration experience and how they got through it by sticking together. They also [...] Continue Reading »
At the meeting of Delhi CM Sheila Dikshit and the deputy chairman of planning commission for finalization of the city’s annual plan, city authorities informed the Planning Commission that RWAs and group housing societies will be entrusted with the task of collecting property tax in their localities. Authorities are hoping to improve the collection of [...] Continue Reading »
The Maharashtra State Consumer Commission recently directed a developer to shell out Rs 20 lakh at the rate of Rs 2,000 a day for a delay in giving possession of a shop premises to a purchaser. The purchaser Dharshi Dedhia was a tenant who a possessed a shop & godown in Rajhans building in Thane [...] Continue Reading »
The budget 2010-11 had imposed 10 per cent service tax on under construction property. The property is considered “under construction” till the builder receives a “completion certificate”. According to Source, Service Tax is applicable only on property under construction or where a completed building has not received its occupation certificate. If the entire amount for [...] Continue Reading »
