Real Estate Latest News | TeamUP real estate brokers network

Latest News

Pune: Residents of Uruli Devachi seek rollback of property tax hike

Publish on : 2020-10-22 14:38:45

Addressing a news conference on Monday, residents of the village claimed that the new tax structure after the merger was not affordable. PUNE: A group of residents from Uruli Devachi on Monday demanded rollback of the increase in property tax, stressing that they should be taxed according to the...

Pune civic body set to sell amenity spaces to get revenue

Publish on : 2020-10-22 14:37:04

PMC’s amenity spaces have always been a cause of concern for the civic administration. Most of these spaces get encroached upon, while others do not end up getting developed as per their reservation. PUNE: Sitting on a depleted purse of just around Rs 120 crore after the ravages of the COVID-19 p...

BMC to allow private parties to redevelop 674 plots in Mumbai

Publish on : 2020-10-22 14:34:07

Developers will have to pay 62.5 % of the land cost (ready reckoner rate) for residential building construction and 125 % for commercial buildings and can use the plot’s entire development potential for their profit. MUMBAI: The cash-strapped BMC will allow private parties to redevelop 674 of its...

Central govt may consider tax concession for Maharashtra's slum rehabilitation program

Publish on : 2020-10-22 14:31:42

Hardeep Singh Puri, Minister of State, Housing and Urban Affairs has asked Jitendra Awhad, Cabinet Minister of Housing, State of Maharashtra to submit a note in this regard for further discussion by the sanctioning committee on an urgent basis. MUMBAI: The government of India may consider tax con...

Slum residents oppose plan to move them for Pune metro project

Publish on : 2020-10-20 14:13:46

On Wednesday, a group of residents staged an agitation and demanded that the authorities change the alignment of the Metro route rather than displacing families who have lived in the area for years. PUNE: The residents of the Kamgar Putala slum pocket have opposed the proposal to relocate them to...

Mumbai: EOW's lookout notice for nine in Rs 700-crore case of cheating

Publish on : 2020-10-20 14:09:05

The accused promised to sell plots for bungalows and agricultural land but never gave them or returned money, EOW sources said. MUMBAI: The city economic offences wing (EOW), probing a Rs 700-crore cheating case against directors of Expat Projects and Developers Pvt Ltd, issued a look-out circula...

Bombay HC raps stamp duty authority for Rs 11 crore excess duty

Publish on : 2020-10-20 13:59:15

Last month, collector of stamps sought almost Rs 112 crore for a property valued about Rs 2,239 crore in Andheri on a lease deed. MMRDA owns the property. It entered into a lease deed with Goisu Realty Pvt Ltd in June for 80 years. MUMBAI: Bombay high court slammed stamp duty authorities for pass...

MahaRERA orders Niraj Kakad Constructions to refund buyer's money with compensation

Publish on : 2020-10-20 13:57:14

Housing regulator MahaRERA awards Rs 1lakh compensation to home buyer for mental harassment MUMBAI: Maharashtra Real Estate Regulatory Authority (MahaRERA) has imposed a fine of Rs 1 lakh on developer Niraj Kakad Constructions for mental harassment of a home buyer, and directed the firm to refund...

Pune civic body collects Rs 20 crore pending property tax under amnesty scheme

Publish on : 2020-10-15 12:22:42

The Pune Municipal Corporation (PMC) officials stated that over 7,000 property owners have cleared their dues so far. Under the scheme, which is valid until the end of November, the property tax defaulters will receive an 80% waiver on the total fine. PUNE: The civic administration has collected...

Diligent property taxpayers in Pune likely to get special discounts in next bill

Publish on : 2020-10-15 12:19:09

The Pune Municipal Corporation (PMC) is contemplating to offer these timely taxpayers a rebate in the next municipal budget. PUNE: Diligent property taxpayers in the Pune civic limits are likely to be rewarded in the form of a special discount on the levy in the next financial year. The Pune M...