Rajkot Municipal Corporation achieved Rs 412 crore in property tax and water charge collections for FY24-25, surpassing its Rs 410 crore target and establishing a new record.
Bangalore introduces an AI-powered system to enhance property valuation accuracy and transparency, impacting property taxation. This initiative aims to streamline assessments, benefiting residents and the municipality alike.
Maharashtra reverts to 5% stamp duty on property registrations from April 1, with 1% concession for properties in women's names.
The real estate sector's growth has been significant, but challenges due to varying laws across states hinder a national presence for developers.