Civic panel rejects hike in property, water tax
Friday, 22 February 2013 09:38
administrator
The Times of India 22.02.2013
Civic panel rejects hike in property, water taxNASHIK : The standing committee of the Nashik
Municipal Corporation on Thursday rejected the hike in property and
water taxes for residential properties proposed by municipal
commissioner Sanjay Khandare in the civic budget for 2013-14. Other proposals were approved by the committee with certain amendments.
The administration had presented a draft budget of Rs 1,556.80 crore to
the standing committee chairman Uddhav Nimse on Monday. The meeting of
the standing committee was held on Thursday to discuss the budget
presented by the municipal commissioner Sanjay Khandare.
Khandare had proposed up to 10 per cent hike in property taxes and eight
per cent hike in water taxes for residential properties. Rejecting the
hike, Nimse said the proposal was unacceptable to the panel. "The rest
of the budget was approved with some suggestions made by the standing
committee members," Nimse added. Earlier, Ajay Boraste of the Shiv Sena
said, "We strongly oppose the hike in property and water taxes. In the
case of water, only 60 per cent of the water supplied is being taxed,
while 40 per cent of it is unaccounted for. Hence, the civic
administration must make efforts to recover cent per cent water taxes
instead of hiking taxes. Also, the NMC must undertake rainwater
harvesting and water-saving projects." Other members, including
Prakash Londhe ofthe RPI, Dinkar Patil (Congress), Vikrant Mate (NCP),
Balasaheb Sanap (BJP), Seema Hiray (BJP), Ashok Murtadak (MNS), Gulzar
Kokni (MNS) and Vishal Gholap (MNS), too, opposed both the hike
proposals. During the budgetary discussion, the standing
committee members made some suggestions like survey of properties,
collecting one time property tax, safety training for women
by NMC's women and child welfare committee, multi-level parking, audit
of tree plantation, developing of anganwadis, determining the period to
increase property and water taxes, building traffic islands
to avoid accidents and for smooth flow of traffic, policy on
advertising hoardings and acquisition of land for ring roads against
TDR.
Last Updated on Friday, 22 February 2013 09:42
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Property prices rise by 15-20% in city: Credai VP
Saturday, 16 February 2013 10:44
administrator
The Times of India 16.02.2013
Property prices rise by 15-20% in city: Credai VP INDORE: A three-day property fair organised by Confederation of Real Estate
Developers' Association of India (Credai) began in the city on Friday.
Talking to media, vice president, Credai, Leeladhar Maheshwari, said,
"More than 50 big real estate firms of the city are participating in the
show. Also private banks are directly providing finance to the home
loan aspirants during the event." A similar fair was held in 2011 also. Property prices in the city have almost increased by 15-20% over the last six months, feel the people related to the industry.
Senior manager, IBD, Sai Prasad, said, "The price of flats in the
eastern area of the city have gone up by Rs 200 to Rs 1951 per sq ft
over past six months and it was likely to go up to Rs 2100 over next six
months". Senior sales executive of another real estate firm,
Arpit Trivedi, said, "The property prices have gone up by Rs 200 on
bypass over past few months to Rs 2400 per sq ft." The visitors
were happy to get a plethora of residential options along with
attractive offers and deals on their favourite properties and with the
lucky draw, they even got a chance to win loads of mega prizes. The main
sponsor of the show, Axis Bank presented exclusive offers and had a spot home loan section made available for the visitors. Eagle Techsec Communications, Lotus Electronic supermarket and Polycab Cables & Wires Company are the supporting partners. City mayor, Krishnamurari Moghe, appreciated the united efforts of Credai
members for putting up a big scale show by saying, "I feel immense
pleasure that for the second year of the show I have got a chance to be a
part of it and I believe it will be a huge success. The show promises
to bridge the gap between the builders and the buyers. Shows like this
will surely give Indore a national recognition and the builders of the
city are a vital part of the overall infrastructural growth that the
city has attained." Vice president, home loans at Axis Bank, K
Praveen Prakash, said, "I feel proud to be associated with a show of
this grandeur, a show that's truly of an international level where we
can interact and get in touch with our customers. The customers are
indeed very delighted to get attractive schemes and spot home loans from
us." "Show is now a big brand, one that people look forward to
every year and one that brings all types, sizes and budget properties
under a single roof, making it way too easier for customers to buy their
dream property, said secretary, Credai Indore , Sandeep Shrivastava.
Vijay Mirchandani, chairman, Credai Indore, commented, "Credai India has
a staggering total of over 8,000 active builder members across India."
Last Updated on Saturday, 16 February 2013 10:50
BBMP to review property tax details
Friday, 15 February 2013 11:07
administrator
The Times of India 15.02.2013
BBMP to review property tax detailsBANGALORE: Amidst large-scale undervaluation of properties in the Self-Assessment Scheme (SAS) system, particularly in relation to properties above 3,000 sqft, the BBMP has undertaken a special drive for reviewing the details submitted by the property owners.
BBMP commissioner Siddaiah has instructed the special teams to complete the review process by March.
The teams will again measure those properties which are above 3,000
sqft (both residential and commercial) and re-fix the property tax,
Siddaiah said.
He has instructed the teams to recover the deferential amount from the erring property owners.
The BBMP is also thinking to exempt from penalty those owners who disclose the real facts and pay the differential tax amount.
As regards to properties that are enjoying civic amenities/facilities
and still not registered under property tax, Siddaiah has instructed
joint commissioners to evolve a special campaign to enable property
owners to pay tax and obtain receipts at the central office before March
15. This is being done as many people have requested the BBMP to
register their names under this 'B Khatha', a separate register for such
properties.
Last Updated on Friday, 15 February 2013 11:17
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