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 …
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 »
SWAMIH Fund 2.0 has been announced in the Union Budget 2025 NEW DELHI: Nirmala Sitharaman, finance minister, while presenting the Union Budget 2025-26 on February 1, 2025, has brought much-needed relief to homebuyers with the announcement of special window for affordable and mid-income housing (SWAMIH) fund 2.0, a Rs 15,000 crore initiative, aimed at reviving …
SWAMIH Fund 2.0 announced to revive stalled housing projects, – Homevior Read More »
NEW DELHI: Finance minister Nirmala Sitharaman presented the Union Budget 2025-26 on February 1, focusing on economic growth, infrastructure development, and tax reforms. With a strong emphasis on urban infrastructure, housing, and investment, the budget brings several key measures impacting the real estate sector. While there were no direct changes to property tax or home …
What real estate industry gained in Budget 2025?, – Homevior Read More »
BENGALURU: BBMP has decided to initiate the process to auction 608 properties with huge tax arrears in its eight zones. The 608 properties include 118 in east zone, 120 in west, 109 in south, 60 in Mahadevapura, 70 in Bommanahalli, 40 in Yelahanka, 50 in RR Nagar and 41 in Dasarahalli. BBMP officials said tax …
Bengaluru civic body to auction 608 properties in eight zones, – Homevior Read More »
GURUGRAM: The govt will start door-to-door verification of property IDs in districts of South Haryana. This will address irregularities in property ownership documents, a major concern for citizens and one of the issues brought up during the assembly elections campaign. The administration and civic bodies of the districts have been directed to first fix the …
Door-to-door drive for verification of property IDs in Haryana soon, – Homevior Read More »
Reprsentative image TRICHY: With two months left for the 2024-25 financial year to end, Trichy corporation has collected Rs111 crore as property tax, bettering its collection in the last two years. Apart from improving routine property tax collection including arrear demands, the local body surveyed more than 5,400 properties and added Rs10 crore to its …
Trichy corporation boost property tax collection, targets 90% by March, – Homevior Read More »
File photo MUMBAI: Not one bid was received for the cluster redevelopment of Mhada’s prime 33-acre layout at Kala Chowkie. Mhada has now extended the deadline to submit bids a fourth time. The layout comprises 49 residential buildings for low-income groups. There are about 3,300 tenements, each about 208 sqft carpet. Mhada officials said the …
No bids for Mhada’s Kala Chowkie redevelopment, deadline extended again, – Homevior Read More »
Representative image NAGPUR: The Nagpur Municipal Corporation (NMC) recovered Rs 194.47 crore property tax as of January 29, significantly falling short of its Rs 429 crore target. This leaves a substantial balance of Rs 234.52 crore adding to the civic body’s already precarious financial position. The sluggish pace of tax recovery forced NMC to take …
Nagpur civic body to mop up Rs 235 crore property tax in 60 days, – Homevior Read More »
