Tag Archive | "BMC"
Realty slump: BMC to make builders pay
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 [...]
Continue reading...Dharavi Redevelopment Plan
Wednesday, October 28, 2009
ROAD BLOCK FOR SLUM MAKEOVER? Most Dharavi residents may not get flats The makeover of Dharavi, India’s biggest slum, is facing a roadblock. A Brihanmumbai Municipal Corporation (BMC) survey in one of the slum’s five sectors revealed that 63 per cent of the residents were not eligible for free houses. That’s because they came to stay in [...]
Continue reading...Builders bet big on cluster development
Saturday, September 19, 2009
At least 15 developers have lined up 35-40 such projects to be submitted to BMC Even during the worst days of the economic crisis, property rates at south Mumbai’s posh Nepean Sea Road didn’t fall to below Rs30,000 per sq. ft. The area, cut-off from the city’s dust and din, is dotted with luxury apartments and [...]
Continue reading...Court orders probe into SRA schemes
Friday, September 18, 2009
EMPOWERS high-powered committee to stop, regulate or cancel schemes that do not benefit genuine slum dwellers THE HIGH-POWERED COMMITTEE The committee is headed by Sitaram Kunte, housing secretary, and includes senior officials of MHADA, BMC, Mumbai Metropolitan Region Development Authority and SRA The committee can now regulate, stay or cancel a scheme if it finds [...]
Continue reading...Personalised property tax bills from ’10
Thursday, September 10, 2009
Mumbai: This will come as a relief to a large number of citizens who diligently pay their property tax. From the next financial year when the BMC introduces the capital value-based property tax system, every citizen owning property in the city will receive a personalised property tax bill. In fact, a person will be able [...]
Continue reading...BMC issues notice to Juhu club over ‘misuse’ of FSI
Tuesday, September 8, 2009
Mumbai: Reacting to complaints from citizens, the BMC’s building proposals department recently issued a notice to Juhu’s Club lennium for “misuse” of FSI, among other things. The notice pointed to changes made in spaces reserved for other purposes without obtain- Miling permission. The BMC has also warned that the club authorities would be liable under Section [...]
Continue reading...Societies fume at BMC tax on rented flats
Wednesday, July 22, 2009
Rate Works Out To Crores Of Rupees For Some Buildings Mumbai: Huge tax claims slapped by the Brihanmumbai Municipal Corporation (BMC) on housing societies in which apartments have been given out on lease have created largescale turmoil among residents in the city and suburbs. With the civic assessment and collection department issuing hundreds of notices, [...]
Continue reading...Developers who paid FSI premium will get a refund
Friday, May 22, 2009
Mumbai: The state government has decided to pay back the Rs 280 crore it collected from developers under a new scheme to charge premium for utilising 33% additional floor space index (FSI) in the suburbs—which it had announced in April last year. The urban development department, which shared the bounty collected along with the BMC, issued [...]
Continue reading...Property tax to double in island city
Tuesday, May 12, 2009
But It Will Reduce By At Least 30% In Suburbs, Say Officials Mumbai: Property tax in the island city (from Colaba to Sion and Mahim) will double from the next financial year. But many residents, who live in old buildings, have little to worry about as they currently pay a measly 50 paise per sq [...]
Continue reading...A home for your car
Saturday, April 4, 2009
New Rules Allow 225 Sq Ft Tenement Owners To Apply For Parking Space Mumbai: It’s hard to ignore the parking problems that Mumbai faces, and the Brihanmumbai Municipal Corporation’s (BMC) figures paint a grim picture. The available road space in the city is only 63.31sq km, of which at least 13.8sq km is lost on [...]
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- India among world’s top 3 preferred investment destination
- NOIDA, Greater Noida Flat Booking : but a little cautious
- Delhi : 1000 unauthorized colonies will be regularized soon
- 275-metre ritzy tower to come up in Prabhadevi
- DLF changes tack in city realty market
- MMRDA clears land for 50,000 rental flats
- Gudi Padwa fails to bring cheer to realty market
- Noida Extension is all set to become Delhi NCR’s next budget housing hub
- Ghaziabad : Residents get raw deal from builders , They allege many promises unfulfilled
- Technopark ties up with group of banks for funding
Wednesday, December 30, 2009
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