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Law to ensure affordable housing?

26. June 2010

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WARNING Housing Minister says if builders do not construct affordable houses,state will have to intervene to control property rates ( ) ( ) We plan to set up a regulatory authority for housing. Hopefully,we will be able to initiate the process in the monsoon session. SACHIN AHIR, minister of state for housing Sky-high real estate prices thathavetaken [...]

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Maharashtra to Impose Capital Value System on Property Tax

10. May 2010

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c has imposed capital value-based system to calculate property tax on buildings, lands, houses and establishments across the state. The new system has been put in effect since April 27. “The property tax would be calculated on capital value-based system for all the Municipal Corporations, Councils and local bodies,” an official from the Urban Development [...]

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Mother-son, aide held for duping flat buyers

16. January 2010

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Trio Nabbed After 10 Months, One Still At Large The Tardeo police accomplished their mission “Belgaum Operation’’ with the arrest of a 50-year-old woman, her son and an accomplice, who were on the run after duping around 30 people by promising Mhada flats at cheaper rates. The mission, which ended on Thursday, was initiated to nab [...]

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Pay property tax for your native town online

6. August 2009

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Now you will be able to sit in Mumbai and pay your property tax bills and water bills for your house in your native place or your farm house or your weekend home located anywhere in the state at the click of a button. In an attempt to improve the state of urban governance, the state [...]

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Advantage builders: Govt puts monitor cell on hold

6. August 2009

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The state government has put on hold its plan to set up a regulatory body for the real estate inreal estatedustry. At least till the Assembly elections are over. “We have already formulated a draft regulation, which is in waiting. We expect it to be tabled only in the next session, after elections,” said Sitaram Kunte, [...]

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Mahindra Lifespace plans affordable homes in Nagpur

7. April 2009

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The firm is building 1,500 apartments in a special economic zone in Nagpur, with price tags of less than Rs3,000 per sq. ft, said Pawan Malhotra, chief executive of Mahindra Lifespace. Mumbai: Real estate firm Mahindra Lifespace Developers Ltd, a subsidiary of auto maker Mahindra and Mahindra Ltd, is the latest to join the so-called budget [...]

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