Browsing Tag
mumbai
Automatic deemed conveyance to be given by govt
In a major breakthrough for the conveyance problem of housing societies,the govt has now stepped in and made it clear that any builder who refuses to give conveyance to the flat buyers or co-op housing societies within 4 months of handover…
5% Vat to be levied on flats bought between 2006 & 2010
The Maharashtra Govt has decided to collect VAT (Value added tax) from home owners who bought their under-construction homes directly from builders between June 2006 and March 2010.The value of VAT has been decided as 5% of the total…
New Property tax system unfair to old buildings?
From the Times of India 12.May.2012
MUMBAI: Despite the claims of the civic body on having transparency and parity in the new capital value-based property tax system, citizens seem unhappy at the development.
They feel that while a…
New property tax rate for Mumbai passed by BMC
The new property tax calculating formula has been passed by the BMC.This calculation will now be based on the value of the property rather than the rent which it can earn in a year (which was the earlier formula).The result of this…
Database of land use in Maharashtra under way
The revenue department has begun the process of creating a data bank on all government land in the state.
This measure follows a stricture in the recent CAGs report that data on land given on lease is not available with the department.…
Will take 3 years to clear unsold stock of flats in Mumbai
There are so many residential flats lying unsold in Mumbai that it will take more than three years to clear the stock. This means the skyrocketing price of your dream house might ease up.
The value of the current unsold housing stock in…
Builders plan 1 day protest against govt policies
Builders across the city of Mumbai have planned a one day token strike on May 3,against the arbitrary and adhoc policy changes by the govt and the corruption in the govt machinery.The builders are protesting the inordinate delays and…
Extra FSI approved for Mumbai’s Koliwadas
The chief minister,Mr.Chauhan,on friday cleared the proposal to hike FSI (floor space index) of Koliwadas of Mumbai to 2 from 1.This is on similar lines to the FSI in Gaothan areas.However,unlike Gaothan areas,Koliwadas have not been…
Plan to increase Mangroves around Mumbai
The Mumbai region - including Mumbai, Thane and parts of Raigad - can look forward to a substantial increase in the amount of mangroves if a proposal by the state forest department sees the light of day. The forest department is proposing…
