Latest Realty News

Civic staff will be held accountable for unassessed properties
Jan 21, 2014
PUNE: After the success of its drive to recover dues from defaulters of property tax, the Pune Municipal Corporation (PMC) has decided to make the ground level civic staff accountable for failing to identify properties that have not been assessed for tax.
NMC plans new tax for ads on private properties
Jan 16, 2014
NASHIK: The Nashik Muncipal Corporation (NMC) is planning to impose a new tax on advertisement displayed on private properties and on vehicles. The issue is to come up for decision at the general body meeting (GBM) on Friday.
PMC body earns Rs 670 crore from property tax
Jan 10, 2014
PUNE: The Pune municipal corporation (PMC) has earned around Rs 670 crore from property tax since the start of the current financial year i.e. April 2013.
IT units to pay property tax at residential rate
Dec 10, 2013
PUNE: After chief minister Prithviraj Chavan gave assurance of giving rebate in the property tax for Information Technology (IT) units, the standing committee of Pune Municipal Corporation on Monday approved a proposal of charging property tax from upcoming IT industries at residential rates and not commercial rates.
Pune-based property tax system on cards
Dec 06, 2013
NAGPUR: The Nagpur Municipal Corporation (NMC) is all set to implement Pune Municipal Corporation's (PMC's) ready reckoner plus rental-based system to calculate property tax. "There will be upper and lower ceilings on increase or decrease of tax. It will not increase beyond double the monthly rent prevailing in the market nor will it fall below 50% of this amount," said NMC's tax committee chairman Girish Deshmukh.
2,640 families get houses under slum rehab plan in Pune
Dec 03, 2013
PUNE: Over 2,500 of the approximately two lakh families living in the slums of the city have got tenements under the slum rehabilitation scheme, so far.
Grievances later, pay property tax first, says PMC
Oct 25, 2013
PUNE: The civic administration, struggling to achieve the annual budget revenue target of Rs 4,167.5 crore, is now focusing on property tax collection. The administration has asked property owners to pay their taxes before approaching the civic body with tax-related grievances.
Pune Municipal Corporation spent Rs 2cr to raze 900 buildings
Oct 15, 2012
PUNE: In the last four months, the Pune Municipal Corporation (PMC) demolished 8.5 lakh sq ft using Rs 2 crore of the tax payers' money, a top civic official said. An official, who declined to be named, said that since July, the civic body has demolished 900 illegal buildings. "Expenses include the money spent on manpower and machinery and depend on the size of the building. It can range from
Builders not to use potable water for construction
Jul 25, 2012
PUNE: Waking up to the need to save the precious drinking water in the city facing a scarcity-like situation, members of the Confederation of Real Estate Developers Associations of India (Credai), Pune Metro, have taken a collective decision not to use drinking water at construction sites. Satish Magar, president, Credai, Pune Metro, has issued a circular to its members informing them about th

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