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All Buildings Above 15 Metres Height To Undergo Safety Audit, – Homevior

Representative image LUCKNOW: All buildings in Lucknow that are 15 metres or higher will undergo a safety audit. This will include buildings that are more than five years old and will be audited every five years. The decision was made at the LDA board meeting on Friday. Lucknow commissioner Roshan Jacob chaired the meeting with …

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Ed Attaches Properties Worth Rs 29.11cr, , – Homevior

Representative image LUCKNOW: The Directorate of Enforcement (ED), Lucknow zonal office, on Friday provisionally attached properties worth Rs 29.11 crore linked to the multi-crore Shine City scam. Owners and promoters of real estate firm, Shine City Group, have been accused of ‘siphoning’ off investors’ money worth over Rs 1000 crore. The immovable properties attached under …

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Coimbatore Councillors Criticize Drone-Based Property Tax Assessments, – Homevior

Representative image COIMBATORE: Many councillors raised concerns at the Coimbatore Corporation Council meeting on Friday about the discrepancies in property tax assessments using drones. In response to several queries raised by councillors, corporation commissioner M Sivaguru Prabakaran said the assessments were carried out using drones to identify residential buildings turned into commercial buildings, plan violations, …

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Nashik Municipal Corporation Targets Rented Residential Properties for Higher Tax Revenue, – Homevior

Representative image NASHIK: The Nashik Municipal Corporation (NMC) will identify rented out properties in the residential areas to levy property tax at commercial rates on such flats or houses in a bid to increase its revenue through property tax. The civic body has already shortlisted three private agencies after tender process to distribute property tax …

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House of Abhinandan Lodha withdraws objectionable Goa advertisement, – Homevior

Representative image PANAJI: The real estate developer, The House of Abhinandan Lodha, on Friday told state govt that it has withdrawn the controversial advertisement captioned, ‘Delhi, Rulers of India, Now Conquer Goa’. The developer apologised to the people of Goa for hurting their sentiments. Samujjwal Ghosh, chief executive officer (CEO) of the firm, in a …

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Lucknow Municipal Corporation Caps Mutation Fee at Rs 10,000, , – Homevior

Representative image LUCKNOW: Lucknow Municipal Corporation (LMC) has decided to cap the mutation fee at a flat rate of Rs 10,000. The decision, made by the executive committee on Friday, marks a significant change from the previous rule, where the mutation fee was uniformly set at 1% of the property’s value. For instance, the mutation …

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HYDRAA Files 7 FIRs Against Lake Encroachers and Corrupt Officials in Hyderabad, – Homevior

Representative image HYDERABAD: The ongoing drive against illegal structures at FTL and buffer zones of lakes has resulted in seven FIRs being registered against alleged encroachers and errant officials in various parts of Hyderabad. The cases were filed based on complaints filed by Hyderabad Disaster Response and Asset Monitoring and Protection Agency (HYDRAA) and irrigation …

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Nagpur Faces Major Setback as 1.8L Property Tax Bills Returned Undelivered by India Post, – Homevior

Representative image NAGPUR: The Nagpur Municipal Corporation (NMC) suffered a setback in its property tax collection efforts for 2024-25 fiscal, as more than one-third of tax demand bills handed over to India Post for delivery were returned undelivered. Of the total 5,64,188 tax invoices issued across 10 zones, as many as 1,89,190 (or 33.53%) were …

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Arkade Developers raises Rs 122.40 crore from anchor investors ahead of IPO, – Homevior

Representative image NEW DELHI: Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors ahead of its initial public offering. On Tuesday, the company had fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will open for public subscription on September …

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