Latest Realty News

Are you paying a higher maintenance bill for housing society?
Apr 15, 2014
MUMBAI: Ashwini Rao, 31, had been paying a fixed amount every month to her cooperative housing society in Mumbai as maintenance charges. However, two years ago, when the managing committee asked her to cough up an additional Rs 1,000 for keeping a pet, she was taken by surprise. "It was not even our own pet. My brother and his family were going on a vacation for a few days and wanted us to look after it till they returned, but the managing committee just wasn't ready to listen," says Rao. She ha
Tardy BMC to pay Rs 18 crore as property tax refund
Mar 04, 2014
MUMBAI: The tardiness of civic officials has resulted in the cash-strapped BMC paying around Rs 18 crore as interest for the delay in refunding the extra money citizens had paid as property tax.
BMC sends attachment notice to netas' societies
Feb 08, 2014
MUMBAI: The BMC has issued a property attachment notice to the Sukhada and Shubhada housing societies for non-payment of property tax.
BMC to double fine on illegal additions in flats
Feb 07, 2014
MUMBAI: The Brihanmumbai Municipal Corporation will soon start collecting penalty for unauthorized constructions or extensions at twice the property tax levied on the entire illegal area.
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.

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