All the immovable properties such as; land, house or flat can now be transferred to blood relatives or children’s without any stamp duty on registration. It is expected that this will be the major relief for millions of families who are living in Maharashtra, as now onwards they don’t have to pay 5% of the […]
mumbai property news Archive
March 31, 2015 9:00 am
In Maharashtra, now you can transfer, land, flat or land without paying stamp duty for registration
March 30, 2015 9:00 am
NMC is likely to fall short of property tax collection by 32% for the current financial year
It is expected that one of the civic body, Nashik Municipal Corporation (NMC) may fall short of property tax target by 32 per cent in current financial year due to poor response of tax defaulters. Recently, NMC has already issued warrants and notices to the tax defaulters and is planning to confiscate movable and immovable […]
March 27, 2015 9:00 am
All the properties below 500 sq ft will be excluded from New Tax System
In a positive move to bring relief to around 8 lakh households in the city, BMC has decided to exclude structures below 500 sq ft from the capital value based property tax system once again. They will now continue to pay property tax based on the old system of ready reackoner rates. This fresh proposal […]
March 18, 2015 9:00 am
More charge on extra FSI can hit the redevelopment work in Mumbai’s suburbs
Recently, the proposal of Maharashtra government to put extra charge on builders more for the extra 0.33 floor space index (FSI) given for housing projects is likely to hit redevelopment work in Mumbai‘s suburbs. The Maharashtra government has increased the ready reckoner rates by an average 15% every year since 2008 and now government is […]
March 12, 2015 9:00 am
Properties of Mumbai showing trips in price
According to few reports, property prices will remain high in certain market conditions, but they will not increase any more. The value of under construction property which is unsold in real estate inventory in Mumbai can be anything as its R 53,400 crore for a clutch of listed firms and it presents that consumer confidence […]
March 7, 2015 7:02 am
For “Dilly-Dallying sanctions” builders slams Thane Municipal Corporation (TMC)
Nearly after one month Thane Municipal Corporation (TMC) issued a notice to Concord developers, which is one of the real estate developer, whereas; this notice was under the Maharashtra Regional and Town Planning (MRTP) Act, Suraj Parmar, who is chairman of the firm accused the TMC for adopting dilly-dallying tactics to give permissions for finished […]
February 27, 2015 6:17 am
CREDAI showcased 500 projects in Real estate Exhibition at Nashik
In December, 2014, the real estate expo- Shelter 2014 was organized by the Confederation of Real Estate Developers Association of India (CREDAI) at Nashik. It has showcased around 500 residential projects with close to around 5,000 apartments. Municipal commissioner, Praveen Gedam and City Mayor, Ashok Murtadak have inaugurated the four-day exhibition at Dongre Hostel Ground […]
February 19, 2015 5:58 am
Gujarat plans Rs 1,000 crore Dholera airport project to compete with Dubai Airport
Government of Gujarat is expecting new airport in an ancient port of Dholera in the state to take on Dubai as one of the most admiring global hub. It is well known fact that Rs 1,000 crore projects has been actively backed by the Modi government and has been envisaged when Modi was CM […]
February 18, 2015 5:44 am
CM of Maharashtra is looking for fast-track infra work
Recently, Devendra Fadnavis, Chief Minister of Maharashtra assured the industrialists for quick and speedy completion of key infrastructure projects in Mumbai and its suburbs and he allowed the Mumbai’s civic body to float municipal bonds for the first time ever. In a conference, to transform Mumbai, Devendra Fadnavis, stated that it is expected that […]
February 17, 2015 5:16 am
Foreign investors are interested to add Indian property portals in shopping cart
India is one of the fastest growing countries and its internet legion is bigger than the Indonesia’s 250 million population. In India internet users are growing with the annual rate of 20 per cent and all they have lured to property portal investment in the form of likes Japanese telecoms-to-media firm SoftBank Corp. Before few […]