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Latest News
Maharashtra property revenue, registrations maximum in December this year
Publish on : 2022-01-07 16:53:48
High-value property registrations have helped the state registration department garner this financial year’s highest revenue collection after October’s Rs3,220.61 crore, state property registration officials said on Friday. PUNE: After a slight dip in property registrations and revenue collec...
Navi Mumbai: No property tax on homes up to 500 sq ft
Publish on : 2022-01-07 16:49:58
Interestingly, a proposal mooted by Navi Mumbai Municipal Corporation (NMMC) for the waiver has been pending at the UD department for over two years. NAVI MUMBAI: State urban development (UD) minister Eknath Shinde on Monday announced a property tax waiver for all homes measuring less than 500 sq...
Maharashtra may extend 50% discount in premiums for builders till March 31
Publish on : 2022-01-07 16:46:25
A senior official said the Urban Development (UD) was likely to re-introduce the scheme in the state cabinet and it may be extended for the current financial quarter till March 31, 2022 MUMBAI: With agencies like Mhada, Slum Rehabilitation Authority (SRA) and the BMC collecting record revenues in...
Mumbai real estate market scales new high in 2021
Publish on : 2022-01-07 16:37:59
With over 111,000 residential units sold, the yearly registration is highest at least since 2013. In 2021, the number of residential units registered in the largest housing market in the country was 70 per cent higher than last year. It even overtook the previous record of 80,746 units in 2018 by...
Maharashtra collection of stamp duty down 17% in November 2021
Publish on : 2021-12-30 11:51:58
So far in this financial year, October had reported the highest collections. Officials say the dip in November was expected and was in line with the average revenue in the rest of the months. MUMBAI: Maharashtra’s stamp duty collections dipped by a steep Rs 548 crore or 17% between October an...
Pune: Activists fear property tax waiver misuse
Publish on : 2021-12-30 11:50:15
The group on Wednesday wrote a letter to the Pune Municipal Corporation. “If the scheme is going to benefit the defaulters but fails to discipline them, it should then be scrapped,” the activists’ group stated. PUNE: Civic activists have sought introduction of terms and conditions to restrict any...
Maharashtra RERA lists 3,425 projects as 'lapsed' across state
Publish on : 2021-12-30 11:47:55
Earlier, 3,371 projects were listed in October, of which 210 received extension, and 200 more projects were added to the list, stated the authorities. PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has listed 3,425 projects as lapsed for exceeding the completion deadline....
MahaRERA can decide payout for mental agony to flat buyers
Publish on : 2021-12-30 11:40:08
The order was passed on a complaint by Sanjay and Shailaja Gaikwad who sought not only direction to Omkar Realtors and Developers to hand over possession of the flat and to pay interest for delayed possession, but also Rs 2 crore compensation for the “mental torture and agony” caused to them....
Maharashtra collection of stamp duty down 17% in November 2021
Publish on : 2021-12-22 18:42:47
So far in this financial year, October had reported the highest collections. Officials say the dip in November was expected and was in line with the average revenue in the rest of the months. MUMBAI: Maharashtra’s stamp duty collections dipped by a steep Rs 548 crore or 17% between October an...
Registration of homes in Mumbai down 18% in November 2021
Publish on : 2021-12-22 18:20:47
The registration of homes stood at 7,582 units in November last year. During January-November 2020, 46,052 homes were registered. NEW DELHI: Registration of housing properties in Mumbai municipal region fell by 18 per cent in November to 7,582 units, but numbers during January-November jumped...

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