Latest Realty News

Greater Hyderabad Municipal Corporation targets Rs 1,111-cr property tax
Mar 31, 2014
HYDERABAD: Greater Hyderabad Municipal Corporation (GHMC) commissioner Somesh Kumar has said the corporation will reach the magic figure of Rs 1,111 crore in property tax collections by March 31. Till Saturday, the corporation could collect Rs 895 crore, which was Rs 148 crore more than the last financial year's collection of Rs 747 crore, he added.
Malls, star hotels, govt among major property tax defaulters
Mar 31, 2014
CHENNAI: Corporation of Chennai has been falling short of its property tax targets for several years. While officials say the total arrears amount to around 250 crore, data accessed by TOI through an RTI application shows that more than 55 crore is due from the top 50 private defaulters. According to records, Chennai's oldest mall, Spencer Plaza, spread over 10 acres on Anna Salai, owes the most at 8.10 crore.
Poll priorities: Amma canteens, Aadhaar cards keep them busy
Mar 31, 2014
CHENNAI: Buying rice and curd can take much of someone's time, according to corporation officials. The reason for the poor record of the civic body in collecting property tax is that revenue staff are spending much of their time procuring provisions for the expanding Amma canteens, they say.
Civic body to auction 28 blocks in APMC market
Mar 31, 2014
AURANGABAD: The Aurangabad Municipal Corporation (AMC) on Sunday initiated the auction process of 28 blocks belonging to shop owners in the Agriculture Produce Marketing Committee (APMC) complex at Jadhavwadi market after they failed to pay property tax.
Payment of property tax till March 31
Mar 29, 2014
HYDERABAD: Focus on 150 top defaulters in each circle, notices, warrants and seizure of properties led to the GHMC netting Rs.775 crore of property tax thus far, surpassing last year’s collection of Rs.747 crore at the same time.
Payment of property tax till March 31
Mar 29, 2014
HYDERABAD: Special counters will remain open at all the 18 circle offices of GHMC on Sunday and Monday for property tax payment.
SMC crosses Rs 500 crore mark in property tax collection
Mar 29, 2014
SURAT: For the first time in its history Surat Municipal Corporation (SMC) will collect Rs 500 crore and more from property tax this year ending 2013-14. Against the demand of 607.54 crore, it has already recovered Rs 504.68 crore as property tax till date and is likely to touch the figure of Rs 525 crore by 31 March, 2014.
Portal to make business easy for traders
Mar 27, 2014
CHENNAI: Traders and entrepreneurs in the city will soon be able to pay property tax, profession tax, or obtain a trade licence from the Chennai Corporation and even pay tax to the Commercial Tax Department through the Central government’s G2B portal, eBiz.
Tirupur Corporation to increase tax collection
Mar 27, 2014
TIRUPUR: Chairman of Taxation and Finance Standing Committee in Tirupur Corporation R. Chandrasekar presented the budget for 2014-15 financial year with fiscal deficit projected at Rs. 17.39 crore.
Rajkot Municipal Corporation seals two bank ATMs
Mar 26, 2014
RAJKOT: Rajkot Municipal Corporation (RMC) has intensified its tax recovery drives across the city to meet its financial year target of Rs 170 crore before the March 31.
Now, Pay Your Taxes, Utility Bills at e-Service Centres
Mar 25, 2014
CHENNAI: Chief Minister J Jayalalithaa has inaugurated the first phase of a pilot project to set up a single window system for the payment of a number of taxes, fees and public utility bills.
Rajkot Municipal Corporation seals 318 properties of tax defaulters in city
Mar 24, 2014
RAJKOT: Rajkot Municipal Corporation (RMC) has intensified its tax recovery drive across the city to meet the financial year target of Rs 170 crore before the March 31.
Complete verification of buildings today, GHMC officials told
Mar 20, 2014
HYDERABAD: Greater Hyderabad Municipal Corporation (GHMC) commissioner Somesh Kumar has asked officials to complete the process of verification and assessment of buildings by March 20.
Udyog Vihar industrialists urged to not pay double tax
Mar 14, 2014
DELHI: Udyog Vihar’s plot owners have asked local industrialists not to pay their annual maintenance charges to the industry authority for the next financial year.
GHMC to Upgrade Handheld Tax Bill Issuing Machines
Mar 10, 2014
HYDERABAD: Greater Hyderabad Municipal Corporation (GHMC) has so far been using handheld machines for delivering property tax bills and collecting payments from the property owners. Currently there are 398 machines in use. To take complete leverage of existing devices and infrastructure, the GHMC has decided to expand the scope of the existing application to include more features to issue demand and make collection of other taxes.
Special committee formed to review property tax in Punjab
Mar 10, 2014
CHANDIGARH: The SAD-BJP led Punjab government has decided to constitute a special committee to review property tax in the state.
SMS, e-mail reminders to pay property taxes
Mar 08, 2014
NASHIK: The Nashik Municipal Corporation (NMC) has decided to send reminders through SMS and emails to property holders pertaining to their outstanding tax dues from April 1.
Devesh Kapur and Arvind Subramanian: A property tax proposal
Mar 08, 2014
DELHI: In our last piece, we had argued that taxation is the economic glue that binds citizens to the state in a necessary two-way relationship ("Taxation's fatal neglect?", January 20). A citizen's stake in exercising accountability diminishes if he does not pay in a visible and direct way - typically via direct taxes or user fees - for the services the state provides. We estimated that a very small percentage of Indians (about 10 per cent) are in this taxpayer accountability relationship with
Warrants for property tax defaulters from today
Mar 06, 2014
NASHIK: The Nashik Municipal Corporation (NMC) on Wednesday said that issuing warrants to property tax defaulters will commence in the city from Thursday.
HMC announces partial waiver of property tax
Mar 06, 2014
KOLKATA: With an eye on boosting revenue, the Howrah Municipal Corporation announced a partial waiver for property and commercial tax on March 4. Under the waiver scheme, no penalty or interest need to be paid.
Haryana announces major relief in property tax
Mar 04, 2014
DELHI: Ahead of the Lok Sabha polls, the Haryana government has announced a major relief in the payments of property tax in the municipalities of the state.
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.
Interest on property tax arrears to be waived
Mar 04, 2014
HYDERABAD: In some good news to property tax payers, the government on Saturday issued a GO (No. 90) waiving interest on arrears and current year property tax dues up to March 31 and paving way for adjustment of interest already paid against future property tax.
Hooda announces major relief in property tax
Mar 01, 2014
HARYANA: Ahead of the Lok Sabha polls, the Haryana government has announced a major relief in the payments of property tax in municipalities. Presiding over the State Cabinet meeting on Wednesday, Chief Minister Bhupinder Singh Hooda announced one time rebate of 30 per cent for property owners who clear all their dues or arrears upto year 2012-13 by March 31, 2014.
GHMC to redress grievances of property tax payers
Mar 01, 2014
HYDERABAD: The Greater Hyderabad Metropolitan Corporation (GHMC) will organize the second 'property tax parishkaram programme' in all GHMC circle offices between 10 am and 1 pm on March 2.

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