Latest Realty News

Jun 05, 2015
BENGALURU: Finally, a tender to start the process of implementing a project that claims to guarantee property owners with one common card/certificate authenticating their ownership is ready to be floated.
AMC's tax recovery touches Rs 90 crore mark
Apr 02, 2014
AURANGABAD: The Aurangabad Municipal Corporation (AMC) on Monday concluded its tax recovery drive after collecting close to Rs 90 crore on account of property tax and water charges for the 2013-14 financial year.
Denied compensation, Hennur property owners to move court
Feb 05, 2014
BANGALORE: Property owners, whose buildings will be acquired for the construction of Hennur flyover, are up in arms against the Bangalore Development Authority (BDA) for the inordinate delay in paying them compensation. They are planning to move the court if the BDA continues with the flyover work without compensating them.
City property owners get relief from new tax regime, for now
Jan 07, 2014
MUMBAI: Property owners in Mumbai have received interim relief from a new capital value-based property tax regime that may increase taxes by up to 300 per cent, with the Bombay High Court intervening in the matter.
Land losers to get more compensation
Dec 11, 2013
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) and other government agencies, which take over private properties for various purposes, will have to cough up more compensation for acquiring properties from January 1, 2014.
Gujarat govt warns town planning officers
Dec 11, 2013
AHMEDABAD: The state government has warned municipal corporations that strict action would be taken against town planning officers (TPOs) who deduct less land for common amenities from private property owners than the mandatory 40%. The urban development department has said that charges could be filed against such errant officers.
The landlord-tenant relationship
Oct 28, 2013
CHENNAI: Very often, the relationship between a tenant and a landlord is not the most pleasant. It is characterised by conflict of interest, bitter conversations and, sometimes, legal battles.
Property owners oppose Greater Mumbai civic body’s tax formula
Oct 23, 2013
MUMBAI: Mumbai-based Property Owners Association is going to challenge the Municipal Corporation of Greater Mumbai’s recently revised basis and method of property tax computation
Commercial space rates shoot up in Vijayawada
Aug 01, 2013
HYDERABAD: Around 270 km east of Hyderabad, the city of Vijayawada on July 31 witnessed an immediate ripple effect of Congress’ ‘Jai Telangana’ call. Owners of commercial spaces in the ‘land of victory’ were found quoting as much as Rs 50 per square feet (sft) for properties which, until a few days ago, were up for grabs at a meagre Rs 15 per sft. Reason? The intense speculation about the city emerging as the largest business hub, if not capital, of the new Andhra Pradesh state.
Creation of Telangana ends of uncertainty for city’s realty sector
Jul 31, 2013
HYDERABAD: After almost four years, Hyderabad’s real estate sector heaved a sigh of relief on July 30. With the commotion and chaos over separate statehood finally being given a burial and Telangana declared India’s 29th state, industry insiders said that their “long dry spell” was all set to come to an end now.
Poor response to property tax scheme in Hyderabad
Jul 22, 2013
HYDERABAD: On an average, the Greater Hyderabad Municipal Corporation (GHMC) gives out 1,000 building permissions a month. But new assessments of property tax hardly reach 100 a month, meaning less than 10% of property owners are registering to pay property tax in the entire Greater Hyderabad area.

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