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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...
Builders in Maharashtra to get full FSI when part of land given to BMC
Publish on : 2020-10-15 12:16:28
Property market sources said the value of such plots could rise 10% to 40%, depending on the portion to be handed over to the BMC for a public road. MUMBAI: Now, builders in the state can utilise the entire floor space index (FSI) of a plot for commercial development when they surrender a portion...
Mhada buildings redevelopment proposed under cluster scheme, with bigger houses
Publish on : 2020-10-15 12:13:53
A larger area under cluster redevelopment allows residents bigger apartments. Mhada has 52 layouts here spread over several acres. MUMBAI: The state housing department (HD) has proposed that the redevelopment of Mhada buildings be carried out under cluster redevelopment scheme. Cluster redevel...
Mumbai: EOW files case against Expat Projects for duping investors of Rs 700 crore
Publish on : 2020-10-09 13:17:07
The accused had promised to sell land plots for bungalows and agricultural land. They neither gave the plots nor returned the money to buyers. MUMBAI: The city economic offences wing (EOW) on Wednesday registered a case against the directors of a company, Expat Projects & Development Pvt Ltd, for...
BMC chief warns of fall in revenue if builders' charges slashed by half
Publish on : 2020-10-09 13:14:08
t is important to submit that if this reduction is accepted by the government, this will adversely impact the revenue of the BMC,” Chahal said. “The reduction factor of 50% for all premiums/charges levied will be made on receipt of directions from the state government,” Chahal has said in his letter...
MahaRERA asks two developers to bury hatchet, deliver Andheri project
Publish on : 2020-10-07 15:31:13
Regulator gives relief to home buyers stuck in luxury project, ruling that both developers have statutory duty as promoters to complete project and give possession MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked two developers to settle their differences, obtain Occu...
MahaRERA directs buyer to pay interest to builder for delay in payment
Publish on : 2020-10-07 15:29:10
This is in contrast to usual directives from the authority to developers to pay penalty for delayed possession to a homebuyer. MUMBAI: In an unprecedented case the Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed a homebuyer to pay penalty in the form of interest to the develo...
Property registrations across Pune picks up in September
Publish on : 2020-10-05 12:41:06
Registrations for Pune city picked up by 27% from August. There were 34,714 registrations in September as against 27,276 registrations in August. PUNE: Property registrations across Pune picked up in September after a slump in numbers because of the pandemic. But, the registrations are 18% less t...
Mumbai: BMC plans to demolish 'dangerous' buildings in GTB Nagar
Publish on : 2020-10-05 12:39:01
The BMC has cut water and electricity supply to some of the buildings marked ‘C1’, meaning they need to be immediately vacated. MUMBAI: The BMC has issued notices to residents of Punjabi Colony in GTB Nagar asking them to move out immediately as the buildings are in dangerous condition and need t...

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