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Representative image GURUGRAM: The department of town and country planning (DTCP) this week issued show-cause notices to the owners of 650 properties in DLF-2 for illegal construction and carrying out commercial operations in residential areas. The notices were issued after a large-scale survey, carried out on the directions of the Punjab and Haryana high court, …

DTCP issues notices to owners of 650 properties in DLF-2, – Homevior Read More »

NEW DELHI: President Droupadi Murmu on Friday said the government is committed to fulfilling the dream of middle-class people to own residential properties and is providing interest subsidies on home loans. Addressing a joint sitting of Parliament, she said the real estate law RERA was introduced to safeguard their dreams. “My government is equally committed …

Government committed to fulfil middle-class people’s dream of owning home: President, – Homevior Read More »

AHMEDABAD: On Friday, the property tax department of the East Zone of AMC sealed properties of defaulters in the eastern part of the city. A total of 2,785 properties of tax defaulters were sealed in a day. The corporation collected Rs 82.36 lakh in tax revenue. Properties were sealed in complexes and estates such as …

Ahmedabad civic body seals 2,700 properties of tax defaulters, – Homevior Read More »

KOLKATA: KMC on Friday could finally start the demolition of the illegal six-storey building on Christopher Road that had started tilting but not before having talks with the flat owners and convincing them that only the fifth floor would be pulled down for now. Mayor Firhad Hakim said while he empathised with the flat owners, …

Kolkata civic body begins demolition of illegal building on Christopher Road, – Homevior Read More »

BENGALURU: The govt will soon launch a three-month drive to issue B khatas for unauthorised properties in urban areas outside Bengaluru, a move that will bring more urban properties under taxation and possibly net the govt an additional Rs 3,500 crore. Bengaluru city already has a B khata system for unauthorised properties. The new initiative …

To boost revenue, government to roll out B khata system outside Bengaluru, – Homevior Read More »

File Photo NEW DELHI: Homeowners can now claim tax exemption for two self-occupied properties instead of just one, as per the announcement made by Nirmala Sitharaman, finance minister, in the Union Budget 2025-26. Now tax payers can claim nil valuation for two self-occupied properties, compared to just one earlier. This move eliminates the tax burden …

Government allows benefits on two self-occupied properties, – Homevior Read More »

JAIPUR: Camps will be organised in every ward of Jaipur Municipal Corporation – Greater (JMC-G) in Feb and March for 100% recovery of urban development (UD) tax and advertisement fee, said officials on Friday. In a review meeting she chaired, JMC-G commissioner Rukmani Riar instructed all zone deputy commissioners, revenue officers and revenue inspectors of …

JMC-G to hold camps for 100% collection of urban development tax, – Homevior Read More »

NEW DELHI: Property registrations in the Mumbai municipal region rose 12 per cent on year to 12,249 units in January on high demand, according to Knight Frank India. In January last year, 10,967 units were registered in the region. Mumbai city (area under Brihanmumbai Municipal Corporation’s jurisdiction) in January recorded 12,249 property registrations, the highest …

Knight Frank India, – Homevior Read More »

MUMBAI: The BMC last month wrote to the Mumbai Metropolitan Region Development Authority (MMRDA) regarding the pending property tax of its contractor, J. Infraprojects Limited, amounting to Rs 550 crore. According to the letter sent by the BMC joint municipal commissioner of the assessment and collection department, it was pointed out that despite multiple follow-ups, …

BMC writes to MMRDA about Rs 550 crore property tax dues of contractor, – Homevior Read More »

China’s residential sales resumed falling in January, suggesting the property sector still has some way to go before it can show a sustained recovery. The value of new-home sales from the 100 biggest real estate companies dropped 3.2% from a year earlier to 227.6 billion yuan ($31.4 billion), after being flat in December, according to …

China home sales decline again as stimulus wanes, – Homevior Read More »