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Panel to collect data on real estate value to plug revenue leaks in Goa

Tuesday 2nd May 2023

The revenue department has agreed to organise a working group committee to collect data on the average real estate value in various locations in order to plug revenue leakage and ascertain the correct market value of real estate. The market value of built-up properties and land will be categorised as "urban, developing, coastal, rural, and similar areas" and communicated with sub-registrars so that stamp duty and registration charges may be computed correctly. ...

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Four lakh owners in Bengaluru issued unique property ownership records cards

Tuesday 2nd May 2023

Under the Urban Property Ownership Records (UPOR) programme, over four lakh property owners in Bengaluru received digitised and georeferenced property cards with a unique land property identification number until mid-April. The UPOR cards issued by the revenue department contain all property-related information. The project seeks to give property cards to all 25 lakh properties within the borders of the Bruhat Bengaluru Mahanagara Palike (BBMP). Staff at Survey Settlement and Land Records (SSLR) are in charge of carrying out the UPOR project. ...

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High court seeks TIDCO housing details from government in Andhra Pradesh

Tuesday 2nd May 2023

On Monday, the high court ordered the petitioners and the government to provide detailed information regarding the residences built by the Andhra Pradesh Township and Infrastructure Development Corporation (APTIDCO) in the capital city for economically weaker individuals. ...

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Coimbatore corporation mops up Rs 50 crore in property tax in April 2023

Tuesday 2nd May 2023

Due to the 5% incentive announced by the department of municipal administration and water supply, the city corporation received a stunning 50.2 crore in property tax in the first month of the fiscal year itself, setting a new record. The offer is valid for individuals who pay the first six months' installment by the end of April.  ...

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Chandigarh civic body collects Rs 4 crore property tax in April

Monday 1st May 2023

In April, one of the two months with a rebate facility, about 12,000 commercial and residential property owners paid Rs 4 crore tax to the municipal corporation (MC). The local body got Rs 3.20 crore tax from 11,500 residential properties and roughly Rs 70 lakh from commercial properties in the first month after offering a 20% rebate on residential property tax and 10% on commercial property tax in April and May. ...

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HC contempt notice to Mumbai collector for inaction on Avarsekar Realty

Monday 1st May 2023

The Bombay High Court has issued a notice to the Mumbai City Collector, Rajiv Nivatkar, for "willfully disobeying" its order to attach flats owned by a builder in Mahim. The notice asks Nivatkar to show cause as to why action should not be taken against him under the Contempt of Courts Act. This notice stems from a legal dispute initiated by a flat buyer seeking compensation from the builder for delayed possession. ...

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About 8% rebate sees Nashik civic body collect Rs 50 crore property tax in April 2023

Monday 1st May 2023

The decision made by the civic body to offer an 8% discount to taxpayers who paid their annual property tax in April appears to have produced favorable outcomes. During the designated month, over 1.5 lakh taxpayers paid approximately Rs50 crore in total property tax. ...

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Do not insist on NOC for building redevelopment halted in 2009, says Bombay HC

Sunday 30th April 2023

In order to allow for the halted project's redevelopment, the Bombay High Court recently instructed Mhada and BMC not to insist on no-objection certificates (NOC), including those from the building's prior developer. ...

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MahaRERA fines 12 builders for issuing advertisements without registration numbers

Saturday 29th April 2023

MahaRERA penalised 12 developers Rs5.8 lakh for publishing project advertising in publications without revealing their registration numbers. The 12 developers were each given a different sum in fines. For publishing an advert with the registration number in a small font and mentioning it, one was fined Rs. 10,000. ...

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MahaRERA cautions homebuyers against 308 projects facing insolvency proceedings

Saturday 29th April 2023

More than 308 real estate projects in significant real estate markets, including Mumbai and Navi Mumbai, have received warnings from the Maharashtra Real Estate Regulatory Authority (MahaRERA). There are insolvency and bankruptcy procedures against Thane, Pune, and the rest of Maharashtra. ...

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Pune civic body to start distribution of property tax bills on May 15

Thursday 27th April 2023

After a one and a half month delay, the civic administration is set to begin delivering property tax bills on May 15. The deadline for taxpayers to receive the 10% discount for on-time payment has also been extended until July 15.  ...

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Over 4,500 get 10% more rebate in property tax for prompt pay in Nagpur

Wednesday 26th April 2023

Municipal commissioner Radhakrishnan B's "pay online and get 5% rebate in property tax" initiative, which was included in his budget for 2023–2024, has gotten positive feedback. According to Milind Meshram, deputy municipal commissioner (revenue), as many as 4,598 property owners have paid their property taxes for 2023–2024 in the last 24 days and received a combined rebate of Rs19.89 lakh. ...

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Property tax defaulters to be issued sealing notices in Ludhiana

Tuesday 25th April 2023

Dr. Shena Aggarwal, the MC commissioner, has instructed the zonal commissioners to begin issuing sealing notice against defaulters and launch a sealing drive if they still fail to pay the outstanding dues after taking strict note of the non-payment of property tax. ...

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Income tax department launches searches at G Square

Monday 24th April 2023

The Income Tax authorities conducted searches at the offices of G Square, a well-known Tamil Nadu-based real estate firm, on Monday, according to official sources. According to reports, searches were being conducted throughout the state, particularly in Chennai, Coimbatore, and Tiruchirappalli. G Square did not respond immediately to the tax searches that were taking place on its premises. ...

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MPCB issues notice to Safal Developers for its redevelopment project in Mumbai

Sunday 23rd April 2023

The MPCB has issued a show cause notice to an in progress building project, purportedly a redevelopment project, on Bhau Daji Road near the Manav Seva Sangh in Sion for failing to get environmental clearance and generating noise pollution. Activists had previously complained that the noise pollution created by hammering and building operations was disturbing elderly residents living in an old age home nearby, and they had demanded action. ...

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