Tenants of commercial spaces will pay 18% GST on electricity charges bundled with rent. However, actual cost recovery by real estate owners acting as agents is exempt. Experts debate the implications.
Bombay High Court directs BMC and MHADA to take responsibility for dilapidated buildings, amidst rising building collapse incidents.
Zero-rent housing, popular in Vasai-Virar, requires hefty deposits of Rs. 2-5 lakh, refundable upon lease end. This attracts tenants, especially newlyweds and those with transferable jobs, and allows owners to reinvest.