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Latest News
Maharashtra extends 50% discount in building premiums till January 31
Publish on : 2022-01-17 18:51:05
MUMBAI: The state government has extended the deadline for the 50% concession in construction premiums paid by builders by a fortnight. The discount was till December 31, 2021, and extended up to January 15, 2022. On Friday, the urban development department issued a notification extending the...
Waive property tax, charges for one year: FHRAI to Maharashtra CM
Publish on : 2022-01-17 18:49:18
The hospitality industry has estimated business losses totalling Rs 1.4 lakh crore, leaving around 5 crore employees jobless in the country. MUMBAI: The Federation of Hotel & Restaurant Associations of India (FHRAI) has requested chief minister Uddhav Thackeray to offer the industry at least...
Mumbai: In redevelopment market, future of heritage houses on fragile ground
Publish on : 2022-01-17 18:42:04
Over the past two decades, several heritage properties have been redeveloped with their heritage facade retained and a tower built behind it. MUMBAI: Mumbai’s sprawling heritage homes are much sought-after by developers and the city’s uber rich, but the fate of some of these gorgeous properti...
Mumbai: Homebuyer fails to get possession, given Rs 2 crore
Publish on : 2022-01-17 18:39:37
MahaRERA member Vijay Satbir Singh observed that the said MOU clearly provides that the home buyer agreed to purchase the said flat and the respondent agreed to sell the said flat to the complainant. MUMBAI: In a recent order, MahaRERA member Vijay Satbir Singh directed promoters of Shreepati...
Navi Mumbai: Cidco includes 32 villages in Khopta New Town development
Publish on : 2022-01-13 17:52:31
The new township involves 32 revenue villages encompassing Panvel and Uran talukas. This area includes 7 villages from Panvel tehsil of the Raigad district and 25 villages from the Uran tehsil. NAVI MUMBAI: As the special planning authority for new townships in Navi Mumbai, Cidco has announce...
Builder liable to pay damages for occupation certificate delay: SC
Publish on : 2022-01-13 17:49:10
The SC passed the order on a plea of Mumbai-based Samruddhi Co-operative Housing Society Ltd. Advocate Sunil Fernandes said homebuyers were living in the society for 25 years without occupation certificate and had to pay 25% higher property taxes and 50% higher water charges. NEW DELHI: In a reli...
New MahaRERA rule will help home buyers be updated on project status
Publish on : 2022-01-13 17:44:59
Developers required to provide certificates from engineers, CAs to banks, MahaRERA before withdrawing home allottees’ money MUMBAI: MahaRERA recently issued a circular making it mandatory for promoters to provide certificates from engineers, architects and chartered accountants to the banks and w...
Maharashtra cabinet approves property tax waiver for houses upto 500 sq ft in Mumbai
Publish on : 2022-01-13 17:41:23
It will benefit 16.14 lakh residential units, the Chief Minister's Office said in a statement. The waiver will result in a revenue loss of Rs 462 crore for the exchequer. MUMBAI: The Maharashtra cabinet on Wednesday approved the state government's decision to waive property tax on houses upto 500...
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...

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