Revenue
Samira Habitats, a real estate developer based in Alibaug have to let go of an equity fund called IndiaReit owned by Ajay Piramal. The main reason for this exit is that the investment tenure of IndiaReit is over and has to be renewed again. The equity fund based company can only make an exit if [...] Continue Reading »
Owners register your property as soon as possible to avoid a daily fine. Ranchi urban development department is planning to charge owners a fine of Rs 2000 daily if they have not registered their property within a given time. The bill will be presented in the winter session of the state assembly. It will help [...] Continue Reading »
The country’s fifth largest revenue private sector lender, Kotak Realty Fund has decided to lend Rs 523 crore to the real estate developers. On behalf of same discussion, the Kotak Realty Fund expert say that they have raised money for debts from its present investors who are contended with the returns they have got till [...] Continue Reading »
A tough task ahead for Pune Municipal Corporation (PMC), it has been ordered to collect Rs. 400 crores from tax defaulters within span of one month. However, the city tax department of PMC has till now collected Rs. 25 crores only. PMC has taken this task pretty seriously, as property tax is the main source of [...] Continue Reading »
Delhi residents be ready to fork out money for the new tax schemes. Property owners from now onwards should pay education cess as a part of property tax. The Municipal Corporation of Delhi (MCD) has planned to impose this tax on property owners insisting them to pay it annually. MCD official say that, they are [...] Continue Reading »
Mumbai government is shocked and worried to see a major slump of real estate for the fiscal year 2011. The overall revenue target for the current fiscal account has been reporting a major drop down. The eastern suburbs have traced a major drop in the real estate transactions. Rising property rates, inflationary pressures and constant [...] Continue Reading »
Power consumers in Noida have an alerting news from Paschimanchal Vidyut Vitran Nigam Ltd (PVVNL). The PVVNL has passed on an announcement that the consumers who have kept their power bill payments pending will no more be spared as the power company is on high alert and are also fed up paying on behalf of [...] Continue Reading »
Bangalore Metro Rail Corporation Ltd.(BMRCL) recently received a notice on account of failing to deposit Tax Deducted at Source (TDS). Situations are being turned from bad to worse for Bangalore Metro as the foundation of it is loosing complete grip. All these days it was the revenue of these feeder buses and the rumors of [...] Continue Reading »
