Latest Realty News

MCG gets nod to resume property tax collection
Oct 18, 2013
DELHI: After months of deliberation, the special committee appointed by the state government was finally able to clear the property tax muddle late on October 16, paving the way for the municipal corporation to resume tax collection in Gurgaon.
PMC to check 50k residential properties for commercial use
Oct 18, 2013
PUNE: Nearly 50,000 properties in the city will be screened from November for commercial use of residential properties. The civic administration hopes to increase property tax revenue by Rs 50 crore.
Bank premises charged four times more property tax than bars
Oct 15, 2013
MUMBAI: Owners leasing out properties to banks will have to cough up more than four times the property tax paid by bars under the BMC’s new capital value-based system. The new tax is almost twice of what is applicable to a five-star hotel and nearly 20 times more than that for a residence.
Proper notice must to hike property tax
Oct 10, 2013
MUMBAI: The Brihanmumbai Municipal Corporation cannot hike property tax without serving proper notice on the property’s owner or occupier, the Bombay high court has said. Eleven years after the BMC asked some Girgaum residents to pay extra tax, Justice S S Shinde came to their aid and said the pasting of notice on the property “cannot be accepted”.
Haryana government rationalises Property Tax
Oct 10, 2013
HARYANA: The Haryana government today rationalised Property Tax rates in areas under municipal corporations.
BMC property tax collection system down as deadline nears
Sep 18, 2013
MUMBAI: The property tax payment deadline is just 15 days away, but the BMC’s collection system has been on the blink since a week, hugely inconveniencing Mumbaikars. It may take a few more days to be up again.
Music bands in Pune help recover property tax dues
Sep 18, 2013
PUNE: The civic property tax department’s initiative to play music outside defaulters’ properties has yielded Rs 8 crore in the last six days, with many of the defaulters coming forward to pay the dues.
Doesn't BMC want us to pay property tax? System down as deadline nears
Sep 17, 2013
MUMBAI: The property tax payment deadline is just 15 days away, but the BMC's collection system has been on the blink since a week, hugely inconveniencing Mumbaikars. It may take afew more days to be up again.
KMC set to widen property tax ambit
Sep 05, 2013
KOLKATA: Get ready to pay enhanced property tax as the KMC is set to send notices to taxpayers across the city for General Revaluation (GR).
Integrated building approvals to check graft in Hyderabad
Sep 02, 2013
HYDERABAD: In a bid to bring in transparency, avoid delays and check corruption, the Greater Hyderabad Municipal Corporation (GHMC) has decided to integrate online building approvals with occupancy certificates and property tax assessment.
MCD waives penalty, interest to recover property tax dues
Aug 22, 2013
DELHI: With MCD property tax worth crores of rupees due against various government and private organisations, the civic body has now offered immunity till November 30, waiving penalty and interest on payments under a new settlement scheme to benefit thousands of residents.
MCD waives penalty, interest to recover property tax dues
Aug 21, 2013
DELHI: With MCD property tax worth crores of rupees due against various government and private organisations, the civic body has now offered immunity till November 30, waiving penalty and interest on payments under a new settlement scheme to benefit thousands of residents.
Now, pay property tax at banks in Bangalore
Aug 21, 2013
BANGALORE: Tired of standing in serpentine queues at BBMP offices and BangaloreOnecentres to pay property tax? Now you can pay at computerized kiosks in several banks.
Calculate your property tax online for Mumbai properties
Aug 19, 2013
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has introduced an online calculator to compute properties taxes.
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.
Most owners refuse to pay house tax in Gurgaon
Jul 11, 2013
DELHI: Most of the apartment owners and housing societies in different parts of Gurgaon did not file their property tax despites the MCG’s deadline on the pretext that they can’t pay double taxes to different authorities – the MCG and the developer of their society.
South Delhi Municipal Corporation seeks police records to identify defaulters
Oct 17, 2012
NEW DELHI: To identify rented properties in residential colonies which are not paying property tax, the South Delhi Municipal Corporation has sought help from Delhi Police. The corporation has written to SHOs of various areas to share the data pertaining to rented properties in residential colonies under its jurisdiction. Most landlords get a police verification of the tenant done before renti

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