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Nashik Municipal Corporation Launches Major Amnesty Scheme for Property Tax Defaulters, – Homevior

Representative image NASHIK: The Nashik Municipal Corporation (NMC) launched an amnesty scheme for property tax defaulters starting Oct 1. Under the scheme, defaulters can receive up to a 95% waiver on penalties if they clear all dues between Oct 1 and Nov 30. For those who pay their dues in Dec, an 85% penalty waiver …

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Prayagraj’s New Tax Software Boosts Collection by Rs 17 Crore, – Homevior

Representative image PRAYAGRAJ: New software for online assessment and payment of house and water tax has yielded an impressive results in tax collection for Prayagraj Municipal Corporation (PMC). Chief tax assessment officer PMC PK Dwivedi said, “The PMC has collected around Rs 53 crore till Sept 2024 against the house tax of 1.2 lakh houses …

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SC allows NCLAT to consider NBCC’s proposal for stalled Supertech projects, – Homevior

Representative image NEW DELHI: The Supreme Court on Tuesday allowed the National Company Law Appellate Tribunal (NCLAT) to examine and decide a proposal of the state-owned NBCC seeking to complete embattled realty major Supertech Limited’s 17 stalled projects where around 27,000 hassled home buyers are stuck for years. A bench of Justices Sanjiv Khanna and …

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MMRCL to auction 4.2 acre land parcel in Nariman Point, – Homevior

Representative image Nariman Point, the original central business district of the country’s financial capital, is set to witness a major boost with the Mumbai Metro Rail Corporation Ltd (MMRCL) planning to put a prime 4.2-acre land parcel in South Mumbai on the block through a global tender. This is for the first time a land …

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Karnataka RERA Issues ₹707 Crore Recovery Orders Amid Project Delays, – Homevior

Representative image BENGALURU: It’s a double whammy for Sudhakar Lakshmanaraja, 37, having to pay both rent and interest on loans for the past six years for a flat he had purchased in 2018 — thanks to the delayed project. While Lakshmanaraja and the other apartment buyers at the project in Thanisandra were promised they would …

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New home prices in China rise 0.14% in September 2024, – Homevior

Representative image BEIJING: Prices of new homes in China rose slightly in September, traditionally a peak season for house hunting, a private survey showed on Tuesday, extending months of feeble gain in a crisis-hit market that has worried the country’s leaders. The average price across 100 cities edged up 0.14%, compared with the previous month’s …

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Registration of properties in Mumbai falls 14% to 9,100 units in September 2024, – Homevior

Representative image NEW DELHI: Registration of properties in the Mumbai municipal area fell 14 per cent year-on-year in September to over 9,100 units on lower demand, according to Knight Frank. As many as 10,694 units were registered in the year-ago period. In August this year, the registration of properties stood at 11,631 units. “The decline …

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REA Group ends takeover pursuit after multiple rejections from Britain’s Rightmove, – Homevior

Representative image Rightmove’s shares dropped 8% on Monday after Rupert Murdoch’s REA Group ended its $8.29 billion takeover pursuit following a fourth bid rejection from the British real estate portal. Australian property listing firm REA’s decision to walk away from making a formal offer for Rightmove ahead of a 1600 GMT deadline capped a month-long …

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Goa government approves amendment disallowing change in use of comunidade land, – Homevior

Representative image PANAJI: State cabinet on Monday approved the ‘Goa Legislative Diploma No. 2070 dated 15-4-1961 (Amendment) Ordinance 2024’, which is aimed at preventing the utilisation of comunidade land for any objective apart from the one for which it has been allotted. CM Pramod Sawant said that there have been several instances where land granted, …

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