Latest Realty News

Fresh tax notices to be served on 1 lakh property owners
Aug 23, 2014
The MCG is the process of issuing fresh house tax notices to around one lakh property owners in Gurgaon, after noticing discrepancies in their self-assessment forms
Corporation names property tax defaulters on its website
Aug 22, 2014
The city corporation has finally uploaded on its website the list of property tax defaulters in Chennai, Malls, star hotels, govt among major property tax defaulters
Pay your property tax in advance, get concession
Jun 14, 2014
THANE: The Thane Municipal Corporation (TMC) has restarted its earlier scheme of giving concessions to residents who pay property taxes in advance. Under the scheme, residents who paid the entire year's property tax in May were given a concession of 5%. Similarly, the TMC will give 4% concession to those who pay the entire year's tax by June, 3% by July and 2% in August.
Adopting Mamata’s colour code will get homeowners tax sop
Jun 14, 2014
KOLKATA: Want a property tax waiver for 2014-15? Paint your house or apartment building white-and-blue. Yes, you've read it right. The proposal, which has mayor Sovan Chatterjee's blessings, was accepted in the mayor-in-council meeting on Monday.
Focus on property tax collection: GHMC chief
May 28, 2014
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) commissioner Somesh Kumar has directed the officials to concentrate more on revision petitions related to property tax collection by conducting property tax Parishkaram-3. With this, cases of various tax related issues could be settled on the spot giving scope for more collection, he added.
NMC property tax dept bifurcation in limbo
May 28, 2014
NAGPUR: The Nagpur Municipal Corporation (NMC) property tax department's bifurcation proposal is likely to be relegated to the back burner. The NMC union headed by BJP state president and South-West Nagpur MLA Devendra Fadnavis has opposed the proposal by leaders of BJP-led ruling alliance.
REIT good for investor and industry
May 24, 2014
DELHI: The Securities and Exchange Board of India (SEBI) recently initiated steps to revive the Real Estate Investment Trusts (REITs).
Be prepared to shell out more under property tax
May 10, 2014
NAGPUR: With municipal and general elections over, the BJP-led ruling alliance at the Nagpur Municipal Corporation (NMC) has resumed the process to implement the capital value-based property tax system. The property tax for residential properties will increase up to two times while it will be three times for commercial properties.
Pay property tax even on holidays this month
May 10, 2014
PUNE: The civic administration has planned to keep the property tax payment facility open even on holidays this month, so that the maximum number of citizens can avail of the discount offered on payments made before May 31.
Pay property tax even on holidays this month
May 09, 2014
PUNE: The civic administration has planned to keep the property tax payment facility open even on holidays this month, so that the maximum number of citizens can avail of the discount offered on payments made before May 31.
NMC fails to generate property tax bills
May 08, 2014
NAGPUR: Property taxpayers have been taken for a ride once again. The Nagpur Municipal Corporation (NMC) has failed to distribute the property tax bills by April end. The chances of distributing the bills by May end too is bleak. It will not only inconvenience property owners but will also deprive the cash-strapped civic body of much-needed revenue.
1-4% rebate on property tax for early birds
May 08, 2014
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has decided to give rebate in the property tax bills of people who pay early.
Again, TMC misses property tax target
May 02, 2014
THANE: The Thane Municipal Corporation (TMC) has marginally missed its property tax target for the 2013-14 fiscal like it has for the last two to three years unlike in the past. Recovering Rs 236.81 crore of property tax as against the set target of Rs 284.24 crore, the TMC has managed to maintain its track record, said a senior civic official.
Pune Municipal Corporation launches new property tax website
May 02, 2014
PUNE: The property tax department of the Pune Municipal Corporation (PMC) has started its own website to help citizens resolve their property tax issues.
Nagpur Municipal Corporation to auction properties seized for tax default
May 02, 2014
NAGPUR: The Nagpur Municipal Corporation has decided to now auction properties of the property tax defaulters to recover dues. The civic body will first publicly release names of major defaulters and then auction the properties if they still do not pay up.
PMC launches new property tax website
Apr 28, 2014
PUNE: The property tax department of the Pune Municipal Corporation (PMC) has started its own website to help citizens resolve their property tax issues.
BBMP blames polls for missing property tax target
Apr 21, 2014
BANGALORE: Every year the Bruhat Bangalore Mahanagara Palike sets itself a target to collect property tax. And ever year, it comes woefully short of the target. This year, the cash-strapped civic agency has come up with a novel excuse for its failure: elections.
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
10 taxes you should know about
Apr 15, 2014
HYDERABAD: Taxes, along with taxation rules are one of the most complex and confusing topics of any financial system. This complexity arises because of different types of taxes with different tax rates and continuous amendments in the taxation rules which are retrospective and prospective at times. Through this article, we will try to figure out different types of taxes levied in Indian financial system and their effects.
Notices, bands net Rs 310 crore property tax
Apr 07, 2014
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has collected an all-time high annual property tax of Rs 310 crore.
Notices, bands net Rs 310 crore property tax in Pune
Apr 07, 2014
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has collected an all-time high annual property tax of Rs 310 crore.
No cheques for property tax
Apr 03, 2014
BANGALORE: The BBMP will not accept cheques for payment of property tax from this financial year. Reason: In 2013-14 , about 8,000 property-tax cheques bounced. Not to be a loser again this year, the civic agency has banned citizens from paying property tax by cheque. Payments can be made in cash or by demand draft.
Chennai Corporation collects Rs 480 crore as property tax
Apr 03, 2014
CHENNAI: Chennai Corporation's property tax collection for 2013-14 crossed Rs 480 crore, the highest ever, corporation officials said on Tuesday.
Property tax collection up by 14% in Nashik
Apr 03, 2014
NASHIK: The property tax collected by the Nashik Municipal Corporation (NMC) has increased by 14.37% during the current financial year 2013-14 as compared to last year's figures.
10 more days for property tax recovery even as fiscal year ends
Apr 01, 2014
KOLHAPUR: The Kolhapur Municipal Corporation (KMC) has extended the recovery period for property tax for ten more days though the financial year ended on March 31.

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