Property deals need not always culminate in the execution and registration of an agreement. Sometimes, the deal may not go through and may be abandoned halfway, after the payment of token money or even … READ FULL STORY
The Colaba-Bandra-SEEPZ line, also called Line 3 of the Mumbai Metro, is an ongoing project being implemented by the Mumbai Metro Rail Corporation Limited (MMRCL). When completed, the 33.5-km-long line will be the first … READ FULL STORY
As housing societies are not apparently engaged in any income earning activities, there is a perception that they are not required to comply with any income tax provisions. This impression is heightened by the … READ FULL STORY
The first budget of the Maha Vikas Aghadi (MVA) government, presented in the assembly on March 6, 2020, seeks to provide a fillip to infrastructure development in the state, by proposing an outlay of … READ FULL STORY
What is non occupancy charges? Non occupancy charges are levied by housing societies upon member flat-owners who do not reside in their respective premises. Such non-residence may be on account of the flat being … READ FULL STORY
The Brihanmumbai Municipal Corporation (BMC) has attached three out of four properties of fugitive diamond businessman Nirav Modi, for the recovery of property tax worth Rs 9.5 crores pending against them, a civic official … READ FULL STORY
Maharashtra minister Jitendra Awhad, on March 3, 2020, said that the government will create a stock of 30,000 units under an affordable housing scheme. The scheme will begin on May 1, 2020 and will … READ FULL STORY
The Supreme Court, on February 14, 2020, asked the Bombay High Court to expeditiously decide a plea of an environment group, against expansion of the Kanjurmarg landfill site near Mumbai, on the ground that … READ FULL STORY
Transfer of property by way of gift If you wish to transfer a property, so as to make the donee enjoy the property immediately, this can be done by way of a gift. You … READ FULL STORY
Of the 714 hectares of land required for the Mumbai-Ahmedabad bullet train project, the Gujarat government has already acquired 571 hectares, the state’s revenue minister Kaushik Patel said, on February 7, 2020. “Joint management … READ FULL STORY
According to the ‘pink book’, a budget document containing detailed allocations of various projects and works, which was released on February 5, 2020, the Mumbai Urban Transport Project (MUTP) has received an allocation of … READ FULL STORY
The Maharashtra cabinet, on February 5, 2020, approved the first phase plan for treating waste water in urban areas of the state. According to an official statement, 9758.53 million litres daily (MLD) waste water … READ FULL STORY
The Maharashtra government, on February 4, 2020, sanctioned six cluster redevelopment projects in Thane city. The six projects will cover 1,07,000 dwellings and benefit 4,85,000 residents, an official statement said. Clearance was granted for … READ FULL STORY
