Tag Archive | "BMC"
Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
Fascinated by the lure of real estate, owners of fuel refilling centres in the city have long started dreaming of giving up their current business and jumping into the land development bandwagon. Some of them, in fact, have already got the civic body’s permission to change the usage of the land. However, the state government [...]
Continue reading...Mumbai : Get ready to pay higher property tax this December
Saturday, August 28, 2010
The difference between the old and newrates will be adjusted in the next bill, forthe period between October and March. SWADHEEN KSHATRIYA, municipal commissionerCome December and ment’s those living in south Mumbai will payhigher propertytax than those living in the suburbs. Following the state governnotification, the Brihanmumbai Municipal Corporation will soon begin charging propertytax on the capital [...]
Continue reading...Plot thickens for posh JVPD building
Tuesday, August 17, 2010
Land Was Actually Meant For Low-Cost Houses Under ULCA A little delve into the scam, in which the BMC’s building proposals department had approved 386 parking lots for 33 flats free of floor space index (FSI) in an 11-storey posh building on Gulmohar Road at JVPD, throws up more irregularities. A query filed through the [...]
Continue reading...Builders sell parking space as flat area, mint crores
Thursday, August 12, 2010
Unscrupulous builders in the city have hit upon a new con to mint big money. These developers, allegedly with the connivance of the BMC’s building proposals department, get plans sanctioned for car parking decks on each floor and then sell off the space as part of your apartment. The practice, which has been in vogue [...]
Continue reading...Mumbai buildings more than 7 floors must have 2 staircases
Tuesday, August 3, 2010
BMC RULE Earlier,only towers higher than 17 floors hadtohaveemergencyexits Every new building that rises above seven floors will have to havea second staircase as an emergency exit. Sofar,thisruleappliedtobuildingsabove70metres(more than 17 floors) in height. The Brihanmumbai Municipal Corporation (BMC) recently decided to extend the rule to all buildings above seven floors.With increasing floor space index,the city will have [...]
Continue reading...REVAMP OF 133 BRITISH-ERA CHAWLS TO GIVE CITY MORE FLATS
Wednesday, July 7, 2010
The city’s housing stock will rise significantly and residents of dilapidated buildings will get olive in better flats, following the two decisions announced by the state government on Tuesday. The state has asked the Brihanmumbai Municipal Corporation (BMC) to initiate the process forredevelopment of the erstwhile BritishImprovement Trust’s 133 chawls in south-central Mumbai. The state has appointed [...]
Continue reading...Mumbai : Now, builderss developing roads will get more FSI
Wednesday, June 23, 2010
In a move that will indirectly benefit developers, the state urban development department has issued a notification that will give them 25% more floor space index (FSI) if they agree to construct a road on a portion of a land that they have surrendered to the BMC. This is over and above the 100% [...]
Continue reading...Bohris’ Rs 1,500-cr Bhendi Bazaar redevelopment plan nixed
Friday, June 18, 2010
The ambitious Rs 1,500 crore proposal to redevelop Bhendi Bazaar through the state’s cluster redevelopment policy has been rejected by the BMC’s high-power committee. Of the 34 proposals submitted for approval, the committee rejected nine. Civic officials said these proposals had been rejected as the developers could not get the consent of 70% of either [...]
Continue reading...Flat buyers in a limbo after FSI judgment
Thursday, June 17, 2010
Hundreds of flat purchasers in the suburbs who had booked apartments, which were granted .33 additional FSI, are in trouble since the Bombay high court has ruled that these constructions are illegal. The state government and the BMC are also in a soup since together, they have collected about Rs 1,000 crore from the builders [...]
Continue reading...State yet to approve green buildings norms
Friday, May 28, 2010
BMC Wanted To Implement Rating System For Residential And Commercial Projects Last Month The state government has been sitting on a proposal that would allow the Brihanmumbai Municipal Corporation (BMC) to rate buildings according to whether they follow green norms. The BMC had planned to introduce the rating system for residential, commercial, government and other [...]
Continue reading...Flats Carpet area: In a first, FIR against ‘cheating’ builder
Friday, May 21, 2010
In perhaps the first case of its kind, the police have registered an FIR against a builder for allegedly cheating flat owners on the carpet area of their homes. Last week, the MHB police station in Borivli (W) finally lodged the FIR after persistent efforts on the part of residents of Rose-Mar Apartment Cooperative Housing Society, [...]
Continue reading...Mumbai : High property tax on rentals upsets owners
Saturday, April 3, 2010
Middle-class people, especially pensioners, widows and senior citizens who depend on rental income have been the hardest hit after the BMC started issuing notices to housing societies demanding a hefty property tax on those flat owners who have leased out their premises. Hundreds of housing societies in the suburbs have been slapped with huge tax claims [...]
Continue reading...Builders should provide guarantee for flat’s life
Thursday, March 25, 2010
When I buy any product, I ask for a guarantee. It’s appalling that this does not happen when a new flat is sold for lakhs of rupees. MANMOHAN CHONKAR, Shiv Sena corporator The civic body has asked builders and developers to provide a guarantee for the life of the flat they sell. The Brihanmumbai Municipal Corporation (BMC) [...]
Continue reading...Realty slump: BMC to make builders pay
Wednesday, December 30, 2009
The BMC, which is struggling to meet its revenue target from its construction projects owing to the slump in the property market, has decided to double the scrutiny fee to be paid by builders. The fee is levied for the verification of building plans and to obtain the permission to start and complete a construction [...]
Continue reading...New property tax plan postponed
Tuesday, December 29, 2009
STATUS QUO Civic officials say data required to create the new structure needs to be digitalised; implementation likely by October The civic body’s plan to property tax is unlikely to take off in the next fiscal year. The municipal corporation had planned to switch over from the existing rateable value system — based on rent — to [...]
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- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
Monday, August 30, 2010
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