Revenue collection
Land rates in Bihar continues to soar. However, the volume of revenue collected by the registration department from sale of land and apartments has registered a 50 per cent growth compared to corresponding period last year. According to the statistics of the registration department, the state has earned Rs. 653.51 crore as revenue from the [...] Continue Reading »
Slowdown in the real estate sector has badly affected Punjab’s revenue collection from stamp duty and registration fee. There has been a decline of 15 per cent in receipts, compared to the same period in the previous financial year. Property dealers have been badly affected due to the slowdown of market as deals have decreased. [...] Continue Reading »
Revenue from property registrations has come down considerably in Nellore district in Andhra Pradesh. The dip in revenue is due to a slump in real estate activities in Nellore. The slump has been attributed to nearly Rs.500 crore stuck in circulation schemes. Moreover, investors are interested in buying gold and silver instead of land or [...] Continue Reading »
Nagpur Municipal Corporation, which has been facing severe fund crisis, can breathe a sigh of relief as this year’s revenue collection so far has increased significantly compared to the previous year. The NMC generated revenue of Rs 220.81 crore in the first four months (April-July) of 2012-13, registering a significant increase against the corresponding period [...] Continue Reading »
The new Property Identity number (PID) to be issued in Bangalore has been delayed for time being. The delay is due to a fault in GIS-based base map system. BBMP had taken this initiative to issue new PID numbers before January 15 which will help in more revenue collection. Now, it looks it is impossible [...] Continue Reading »
Now, properties in Bangalore will be identified by their new property ID. Bruhat Bangalore Mahanagara Palike (BBMP) is soon going to launch the new Property Identification Number (PID) by mid of February 2012. This came into being after the old numbers resulted in ineffective mechanisms of revenue collection. The civic body will operate by collecting [...] Continue Reading »
In Mumbai hardly 14 square kilometer that is 2.5 percent of the city area is let out for the public and midst total area space of 480 square kilometer. This includes the public parks, parking spaces and also recreation grounds for a number of 14 million people. However in the scenario is entirely different in [...] Continue Reading »
Largest revenue collection worth Rs 367 crore from a single land deal was collected by Noida Authority. The plot, which is located in Sector 25 A and Sector 32, was allotted to Wave Infrastructure in March this year. “This is the largest revenue collection from a single land registration,” DIG (Stamps) Vijay Deo Sharma said. [...] Continue Reading »
