Lohegaon residents want different property taxe rate; Pune civic body to look into issue, Real Estate News, ET RealEstate

File photo PUNE: Proximity with an upscale locality usually helps residents of peripheral areas gain some benefits in terms of rates of property and development — but residents of Lohegaon located towards the east and north side of Viman Nagar demur strongly. These locals have raised a complaint with the Pune Municipal Corporation (PMC) property […]

Civic body to restore property tax on sub-500 sq ft housing units, Real Estate News, ET RealEstate

MUMBAI: Dwelling units in Mumbai of less than 500 sq feet will soon attract higher property tax than in the previous year. “It was a mistake,” said municipal commissioner Iqbal Chahal about the previous year’s assessment. “The state legislature while amending the BMC Act had allowed the waiver of only general tax. Instead of waiving […]

Work-from-home invites commercial property tax!, Real Estate News, ET RealEstate

AHMEDABAD: At a time when a large number of offices has switched to work from home (WFH) mode to tide over the Covid-19 pandemic, it has proved costly for a local ceramic trader. The Ahmedabad Municipal Corporation has imposed commercial property tax on the trader for ‘commercial use’ of his residence after the officers found […]

Steep hike in property tax upsets Secunderabad cantonment residents, Real Estate News, ET RealEstate

SECUNDERABAD: Several residents are criticising SCB claiming that it has hiked the property tax as part of its triennial revision (2018-21). A group of taxpayers had even met SCB president and requested him to look into the issue as they are facing financial stress due to the pandemic. “The proposed hike ranges between 1,000 and […]

Residents of Uruli Devachi seek rollback of property tax hike, Real Estate News, ET RealEstate

PUNE: A group of residents from Uruli Devachi on Monday demanded rollback of the increase in property tax, stressing that they should be taxed according to the rates before the village’s merger in the Pune Municipal Corporation limits. “The hike in tax after the merger is unjust. We want the Pune Municipal Corporation (PMC) to […]

South Delhi civic body to charge upto Rs 2 lakh for installing lift at CGHS, DDA flats, Real Estate News, ET RealEstate

NEW DELHI: South Delhi Municipal Corporation (SDMC) may soon start levying development charges at the time of granting permission to DDA flats and cooperative group housing societies for installing lifts. A proposal in this regard was passed in the standing committee meeting on Tuesday. The charges will range from Rs 1-2 lakh depending upon the […]

Volunteers help RWAs meet property tax collection target, Real Estate News, ET RealEstate

GURUGRAM: A month after the municipal corporation of Gurgaon (MCG) had announced an incentive of 5% of the total property tax collected in the area — with a cap at Rs 50 lakh for the ward committees and Rs 5 lakh for RWAs, two RWAs have already crossed 80% of the benchmark and five have […]

Tamil Nadu CM urged to waive property tax on commercial establishments, Real Estate News, ET RealEstate

MADURAI: The Tamil Nadu Chamber of Commerce and Industry has made an appeal to Tamil Nadu chief minister Edappadi K Palaniswami to waive property and other related taxes on commercial establishments such as shopping malls, lodges, theatres, and marriage halls for the first half of the current fiscal year. The chamber has also requested the […]

Ludhiana netizens prefer suvidha centres over online payment of property tax, Real Estate News, ET RealEstate

LUDHIANA: As the last date to avail 10% rebate on property tax is July 31, huge rush of tax payers is being witnessed at suvidha centres of the Municipal Corporation (MC). Long queues can be seen outside suvidha centres in zonal offices and social distancing norms are also being ignored. The employees deputed at suvidha […]

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