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Maharashtra may not extend stamp duty waiver
Publish on : 2021-02-02 12:08:07
Maharashtra revenue minister Balasaheb Thorat told TOI that the government had announced the stamp duty waiver to give a boost to the ailing realty sector. PUNE: The state government is unlikely to extend the stamp duty waiver of 2% beyond March because of revenue losses. Maharashtra revenue m...
Maharashtra set to get website to track conveyance deed applications
Publish on : 2021-02-02 12:06:25
With several webinars and meetings organized by the department and personal visits to nearly 13,000 societies in the city, he explained that the website will ensure easy tracking of applications. PUNE: Commissioner of cooperation and registrar of cooperative societies Anil Kawade has confirmed th...
Mumbai property registration momentum continues; up 69% in January
Publish on : 2021-02-02 12:04:35
Up 75% from pre-COVID February performance; highest number of registrations witnessed in the month of January since 2012 Property registration in Mumbai, the country’s biggest real estate market, has continued its momentum in January led by the cumulative impact of all-time low home loan rates, d...
Bengaluru development body neck-deep in rent crisis worth Rs 40 crore
Publish on : 2021-02-01 11:28:35
According to BDA chairman SR Vishwanath, shop owners in Indiranagar shopping complexes are yet to pay Rs 14.4 crore rent pending for the last few years. Similarly, a few shop owners from HSR layout have not paid rent amounting to Rs 10 crore. BENGALURU: Bangalore Development Authority (BDA) is ye...
Affordable housing draw of over 3,600 flats in Pimpri Chinchwad cancelled
Publish on : 2021-02-01 11:26:46
The scheme, under the Pradhan Mantri Awas Yojana (PMAY), offers 3,664 flats in Charholi, Ravet and Borhadewadi for Rs7 lakh for which the civic body had received over 47,000 applications. PIMPRI CHINCHWAD: Even after two weeks of abrupt cancellation, the Pimpri Chinchwad administration and ruling...
Depleted Pune civic body may seek 11% property tax hike
Publish on : 2021-02-01 11:24:47
The Pune Municipal Corporation (PMC) will start its budgetary planning for the forthcoming fiscal with just Rs300 crore in its kitty from the ongoing financial year 2020-21. PUNE: The Pune Municipal Corporation (PMC) will start its budgetary planning for the forthcoming fiscal with just Rs 300 cr...
Mumbai: BMC asks citizens to register to recieve property tax bills on e-mail
Publish on : 2021-01-27 18:24:54
"Taxpayers will receive updates/notifications through email on registered email i /sms on registered mobile numbers regarding property tax. The property tax bills will also be received on registered email id,” the BMC said in a statement. MUMBAI: The Brihanmumbai Municipal Corporation(BMC) on Tue...
ITAT: 10% price-stamp duty variance relief on flat sale applies from 2002-03
Publish on : 2021-01-27 18:18:15
ITAT has held that the benefit of a higher tolerance band of 10% for the difference between the sale price of a flat and the stamp duty valuation will apply with retrospective effect. MUMBAI: A recent ruling of the Income-Tax Appellate Tribunal’s (ITAT) Mumbai bench has come as a relief to taxpay...
MahaRERA asks builder not to differentiate between buyer & investor
Publish on : 2021-01-18 17:30:48
The ruling is expected to set a precedent for all such matters arising from the refusal of developers to acknowledge the rights of investors as homebuyers that are pending before consumer forums, other state RERA authorities and courts. MUMBAI: In a landmark ruling, the Maharashtra Real Estate Re...
Possession date in agreement binding on builder: MREAT
Publish on : 2021-01-18 17:29:37
The tribunal held that the promoters of Palava Lakeside in Kalyan failed to hand over possession of two flats by February 28, 2018, as mentioned in the agreements for sale (AFS) and thus allottees were entitled to withdraw and get refund with interest. MUMBAI: 'Possession’ of flat doesn’t mean ‘f...

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