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Chennai civic body aims for Rs 300 crore property tax boost with reassessment

Saturday 8th April 2023

Any city resident who is engaging in unlawful construction in violation of building plans may soon have a corporate official knocking on his or her door. Greater Chennai Corporation intends to reassess 2.79 lakh underassessed properties, bringing them into the tax fold and increasing its property tax collection by 300 crore per year. The assessment job has been contracted out to Prime Meridian Surveys Private Limited, Arasu Associates, and Arul Nambi Engineering Consultants, and the civic authority will review under-assessed houses with its own tax assessors. The corporation intends to complete the work in the next nine months, with a budget of 5 crore. ...

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Uttar Pradesh RERA hires company to find a way out of land dues logjam

Thursday 6th April 2023

The development authorities of Noida and Greater Noida and real estate corporations are at odds over legacy land dues of about Rs 39,000 crore. UP Rera has appointed a consultant who will produce a report in a month outlining potential resolutions. The deadlock has stalled registration processes in Noida's residential societies and resulted in additional issues like residents of buildings with incomplete amenities. Realtors have been requesting a refund for the punitive interest that has accumulated as a result of their repeated defaults. Developer delegations recently presented their requests to Manoj Kumar Singh, the newly appointed infrastructure and industrial development commissioner (IIDC), and Rajive Kumar, the head of UP Rera. ...

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Uttar Pradesh RERA to take action against 41 developers

Thursday 6th April 2023

For failing to attend the authority's review meeting, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has decided to take action against 41 developers. Rajesh Kumar Tyagi, the secretary of UP RERA, claims that promoters who persistently skip review meetings and disobey authority directives have been singled out for harsh punishment. Promoters will be charged with violations of the RERA Act and may face imprisonment if they sell the unit after the project registration has expired. ...

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Mohali civic body makes record collection of Rs 33 crore property tax last fiscal year

Wednesday 5th April 2023

For the fiscal year 2022–2023, the municipal corporation collected property taxes at a record-breaking rate, totaling Rs 33.36 crore. The civic organisation set a target of Rs 22 crore for the fiscal year but was able to make an additional Rs 11.36 crore. At the end of March, the municipal organisation had collected a record Rs 33.36 crore in unpaid property taxes, according to MC commissioner Navjot Kaur. Using this as a starting point, MC has suggested collecting Rs 33 crore in the fiscal year 2023–2024. ...

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Government calls meeting of stakeholders over real estate pendency cases

Tuesday 4th April 2023

The consumer affairs ministry has organised a high-level meeting of all stakeholders for the purpose of "effectively addressing" such complaints due to the significant number of real estate-related consumer commission cases that are still pending (nearly 10% of all cases) and their growing backlog despite states having RERA tribunals. 53,518 consumer cases are currently pending before consumer commissions nationwide, 9,767 of which are before the National Consumer Disputes Redressal Commission, according to the Consumer Affairs Ministry. ...

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Uttar Pradesh RERA got 48,500 complaints in five years, 60% from Noida

Tuesday 4th April 2023

On Monday, the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) said that it had received 48,500 complaints over the previous five years, with over 60% of them coming from Gautam Buddh Nagar and 17% from Lucknow. UPRERA stated in a statement that it was able to resolve 42,980, or 88.61 percent, of the total complaints submitted over the time period. According to the UPRERA, Unnao had the lowest complaint disposal percentage (77.02%) and Kanpur Nagar had the highest (93.56%). ...

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Over 35 builders in Greater Noida West to be booked for water theft

Monday 3rd April 2023

The National Green Tribunal mandated that 38 builders in Greater Noida West be charged with water theft for allegedly exploiting groundwater and neglecting to pay environmental compensation despite notifications from the Uttar Pradesh Pollution Control Board (UPPCB). The groundwater department was requested by the environmental control board in a letter sent last week to lodge a complaint against the negligent builders. ...

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Pune: June 30 last date to avail property tax concessions

Monday 3rd April 2023

The deadline for making reduced property tax payments has been extended by the local government. If diligent property owners pay the tax before June 30 as opposed to the previous deadline of May 31, they will receive a discount. Moreover, tax defaulters will get an additional month to pay their debts. They have till April 30 to pay the tax for the fiscal year 2022–2023. ...

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Rajasthan RERA fines builder for changing sale deed

Monday 3rd April 2023

In one of its significant rulings, the Real Estate Regulation Authority (RERA) ruled that the builder (promoter) may not alter the draft agreement to sell a specified unit in accordance with RERA Guidelines. The allottee is not needed to wait for the resale of the cancelled booking of the apartment in order to receive a refund from the promoter, according to a subsequent Rajasthan RERA ruling. Salvinder Singh Sohata, a member of Rajasthan RERA, made the decision in response to a complaint submitted by allottee Pramod Kumar. ...

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Visakhapatnam civic body collects record Rs 421 crore in property tax

Sunday 2nd April 2023

The GVMC collected 421.5 crore in property taxes, including proceeds from the unoccupied land tax, for the just ended 2022–2023 fiscal year. The Vizag civic authority has never received tax income this high. By doing this, the GVMC exceeded its own goal of 375 crore in tax revenue for the 2023 fiscal year. The interest waiver offered by the state government for long-term defaulters or for the accumulated debt, as a one-time action, the GVMC officials claim, worked in the municipal body's favour. After the disturbance brought on by the Covid-19 outbreak, the state administration granted the request of several politicians and authorities of the populace. ...

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Gurugram: FIR likely against Malibu Estate for illegal construction

Sunday 2nd April 2023

In a letter to police commissioner Kala Ramachandran, the department of town and country planning (DTCP) requested that a FIR be filed against Malibu Estate Pvt Ltd, the company that developed Malibu Towne, for unauthorised building and encroachment. The developer, according to DTCP, encroached on the park area and carried out unauthorised development in the club building. Manish Yadav, the district town planner (enforcement), wrote to the police chief requesting the filing of a FIR and the prosecution of the builder and any accomplices in the unlawful conduct. ...

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Vatika, its directors booked for fraud after Noida court order

Sunday 2nd April 2023

A city-based builder and its directors have been charged with forgery, fraud, and criminal conspiracy. Assotech Ltd, a real estate firm based in Noida, claims that Vatika Limited entered into a deal with them in 2012 to build a group housing society on 10 acres of property in Gurgaon. A Vatika spokesperson refuted the charges, claiming that Assotech owes them money, including payment for the land as well as fees paid to DTCP on its behalf by Vatika. ...

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Chennai civic body proposes 20% discount to property tax defaulters

Saturday 1st April 2023

A one-time 20% rebate has been proposed by the Greater Chennai Corporation for high-profile property tax defaulters who collectively owe the civic body more than 346 crore. However there are certain restrictions on the GCC's offer. Defaulters are only eligible for the concession if they pay all of their debts at once and do so within three months of the council enacting a resolution to that effect. At least 44,436 of the 1.12 lakh defaulters have not paid property tax for more than ten years, and they alone owe the GCC 245 crore. The programme, which has been submitted to the state government for approval, is aimed at those whose overdue accounts have been open for more than five years. ...

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Regularisation law not weapon to be utilized for illegal construction: Bombay HC

Saturday 1st April 2023

The Bombay High Court ruled that the legal mechanism for regularisation "cannot be a weapon to be utilised by the petitioner in every case of rank unlawful building." The HC turned down a hotelier's request for an injunction to stop a civic organisation from tearing down the unlawful buildings and provide time to file a regularisation application. The petitioner, Saqib Khan, agreed to dismantle the unauthorised commercial structure himself in four weeks after the High Court rejected the argument in the morning session on March 15 and allowed for civic action. ...

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Thiruvananthapuram corporation sets record in property tax collection, grosses Rs 115 crore

Saturday 1st April 2023

The controversy surrounding tax theft at zonal offices has actually worked in the municipal corporation's favour. According to the most recent numbers included in the budget paper for 2023–24, an updated database of tax dues and vigorous promotion of online payment of property tax have generated a sort of record in collection, with the corporation earning Rs 115 crore as property tax in 2022–23. The city authority set a goal of Rs 100 crore in 2022–2023. According to statistics, the city's property tax collection climbed by 167% during the previous five fiscal years. ...

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