Chandigarh witnesses record-breaking property transactions in premium areas like Sector 18-A and Motor Market, with a two-kanal house selling for ₹32 crore, signaling robust investor sentiment despite tax hikes and digital reforms.
Nashik Municipal Corporation triples development charges to Rs 350 per sq m starting April 2025, marking the first hike in 15 years, aiming to fund infrastructure projects and Kumbh Mela 2026-27 while developers anticipate rising housing costs.
The Chandigarh Administration's significant hike in collector rates, effective April 1, 2025, impacts various property types, leading to widespread criticism from traders and property dealers.
Howrah Municipal Corporation introduces an AI-driven valuation system in 2025 to ensure fair property tax assessments, streamlining processes and setting precedents for market dynamics improvement.
Bengaluru's rental inflation exceeds Singapore's due to a 20-30% rent increase, driven by companies ending work-from-home policies.
The GST Council is expected to clarify that the Real Estate Regulatory Authority (RERA) will be exempt from GST. This decision follows concerns that GST effectively taxes state governments.
Property mutation is crucial in ownership transfer in Delhi. Here’s a detailed guide on the process, documents required, steps to apply, and how to track the status.
Delhi MCD extends property tax geotagging deadline to Feb 29, 2024. Residents can get a 10% tax rebate for self-geotagging before the deadline. This initiative aims to improve urban planning and revenue collection.
Mumbai's property tax remains unchanged for the fiscal year 2024, providing relief to homeowners amidst ongoing financial challenges, according to the state cabinet's recent decision.
Kerala simplifies land tax payments via the Sanchaya portal. Property owners can now conveniently calculate and pay taxes online through the Revenue Department's website.
Lakeview County apartments offer a refreshing alternative to metro living, boasting serene environments, lower property taxes, and potential for passive income through rentals.
India's real estate market is booming. TDS applies to property transactions exceeding ₹50L. Buyers must deduct 1% TDS, deposit it with the Income Tax Dept.
Karnataka Government plans to cut guidance values by December, potentially boosting the property market. A lower guidance value is expected to increase property registrations and government revenue.
Gujarat govt. announced 100% property tax exemption for hotels, restaurants, resorts, and water parks for FY2021-22, alongside revoking flat electricity bills, offering substantial relief to the hospitality sector.
Pune Cantonment Board (PCB) to seal properties of tax defaulters who fail to pay dues by March 5, 2021. PCB aims to recover Rs 38 crore from over 12,000 defaulters.
Haryana government is digitizing property data in 87 urban areas, covering 8 lakh properties in 41 cities, to curb fraudulent practices and improve transparency.
The Karnataka High Court addressed a PIL regarding Bruhat Bengaluru Mahanagar Palike's property tax collection. The court instructed the commissioner to acknowledge a representation by Bharatha Surachana Mandala within three months.
The standing committee is considering revising a previously approved property tax hike to fund 24x7 water supplies, which faced opposition from various political parties.
BBMP may extend the 5% property tax rebate until the end of June. The BBMP Council will decide in the next two days. This follows taxpayer confusion over new tax zones.
Gurgaon residents refuse to pay property tax until MCG takes over services from private builders. Court hearing scheduled for December 2nd.
The Mumbai property association is challenging the revised property tax calculation method, seeking a fair resolution that considers property owners' financial capacity.
The Haryana Government's special panel has approved the municipal corporation in Gurgaon to resume property tax collection, following a suspension due to billing errors.
West Bengal's new property tax proposal faces criticism from CREDAI Bengal, citing increased transaction costs and negative impacts on the real estate sector due to inflated property valuations.
Bangalore's e-payment of property tax system faces criticism as many residents lack access, forcing them to visit tax offices despite promises of convenience.
BMC extends property tax deadline by three months in Mumbai. Citizens protested against the new capital value-based system, citing high tax burdens and the inclusion of dues from previous years.