After over two decades of demands being made by locals, the Maharashtra government, in September 2016, issued a notification declaring Panvel a municipal corporation. The Panvel Municipal Corporation (PMC) came into existence on October … READ FULL STORY
Owners of residential properties in Pune, are liable to pay property tax every year to the Pune Municipal Corporation (PMC) or the Pimpri Chinchwad Municipal Corporation (PCMC), based on the location of their property. … READ FULL STORY
Property owners in India have to pay direct taxes to local bodies on an annual or semi-annual basis. Most commonly known as property tax, this levy is also known as holding tax in some … READ FULL STORY
To many, flats and apartments may not seem like the perfect choice, to call their own home. This lot would rather build their own homes, right from scratch, as per their own linking. This … READ FULL STORY
As property owners, you need to be acutely conscious of the expenses that you have to bear, as an asset owner. Apart from paying tax on holding this income-generating asset under the income tax … READ FULL STORY
The Nagpur Municipal Corporation (NMC) is one of the oldest civic bodies in India. Established in 1864, the civic body used to govern just 15 sq kms of area at that time, with a … READ FULL STORY
Flat maintenance charges are a routine expense for residents living in housing societies or apartment complexes, covering services like security, cleaning, and common area upkeep. However, these charges often come with an additional cost: … READ FULL STORY
Investment in real estate, especially residential properties, is quite popular amongst the investors. However, the benefit and opportunities available for investments in commercial spaces, could be far more significant than residential properties. Rental yields … READ FULL STORY
Presenting the budget proposals in the North Delhi Municipal Corporation (NDMC) house meeting, commissioner Varsha Joshi, on November 18, 2019, announced a ‘nominal’ rise in property taxes, across various categories of residential colonies. The … READ FULL STORY
A Supreme Court bench of justices Deepak Gupta and Aniruddha Bose, on October 24, 2019, said: “It will be obligatory for all municipal corporations in the state of Maharashtra, where the population is 50 … READ FULL STORY
There are a lot of terms and jargons that are specific to any industry or sector and so is the case with real estate. There are a number of jargons in the commercial real … READ FULL STORY
The Bombay High Court has said that there was no provision for Mumbai’s civic chief, to frame rules for laying down guidelines for determining the capital value of a property, based on which tax … READ FULL STORY
After the Congress accused the Shiv Sena-BJP alliance of misleading Mumbaikars on the property tax waiver, the BJP has clarified that all components of the levy would be waived in future bills. The process … READ FULL STORY
