Panvel builder arrested for cheating buyers.Narendra Mehta and Raunak Mehta.
Month: February 2013
2200 builders refuse to pay VAT
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Latest posts by Mayur (see all)
- 2 BHK flat for sale in NL 5, Sector 11, Nerul East - September 2, 2023
- 3 bhk flat for Rent in Parsik Hill - July 19, 2023
- 1 bhk for Sale in Geetanjali Heights, Sector 27, Nerul - July 16, 2023
Many builders have ignored the Govt deadline to register and pay VAT before the October 31,2012 deadline despite Supreme Court rap.About 5257 builders registered themselves to pay VAT for the sales between June 20,2006 to March 31,2010 with the Sales Tax Dept.However,approx 2200 builders from Pune have not paid VAT.Most have showed nil returns.Most builders ask buyers to pay up for their VAT liabilities but social activists say that VAT payment is the responsibility of the person registered with the sales tax dept.A public interest litigation has been filed to prevent builders from extorting VAT from buyers.It will come up for admission on March 8.Builders say that they are entitled to collect VAT from buyers as the sales tax dept has supported their stand of issuing a debit note to flat buyers for the same. This will be the second time that the dept will raid builders to recover VAT.Many thought that govt will reduce their tax liability hence they did not pay it,though they may have collected it from flat buyers. It is amazing,that after months of confusion and court battles the govt is yet to specify whether flat buyers are liable for VAT or not.Just one more proof…
Navi Mumbai real estate market collapses
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Latest posts by Mayur (see all)
- 2 BHK flat for sale in NL 5, Sector 11, Nerul East - September 2, 2023
- 3 bhk flat for Rent in Parsik Hill - July 19, 2023
- 1 bhk for Sale in Geetanjali Heights, Sector 27, Nerul - July 16, 2023
Dire economic situation and rising inflation has taken a heavy toll on the Navi Mumbai real estate market in the past 2 months.The proof of this collapse has come from the registration figures in the registration dept and the amount of new proposals being subimtted in the NMMC and CIDCO town planning dept.Developers are struggling for cash and coming up with creative schemes like 80:20 scheme wherein the buyer pays only the 20% booking amount and the rest only after the project is completed,hence the buyers avoid paying the pre-emi interest to the bank.Most of the builders only make inquiries and only submit proposals but do not make further payments to obtain approvals.Developers have no money to pay the fungible FSI fee.Fungible FSI is the additional money the developer has to pay for enclosed balconies,flower bed area etc.Earlier the builders used to get these areas free but after manipulation was detected by most of them,the BMC smartened up and started charging money for the same.This slowdown is the most significant in the past 2 years.One only needs to visit the registration dept in Belapur to witness the complete collapse of the market.The effect of this collapse is primarily in the…
Petitioner against illegal buildings shot dead
Owner of SK Builders, Sunil Kumar Lahoria is shot dead by 2 assassins in front of his office in Vashi as entire incident is captured on CCTV.
Homi Patrawala of Snowgold charged for forgery and cheating
Homi patrawala charged with fraud and forgery
Navi Mumbai airport decision today
Navi Mumbai Airport decision
Thane district does not have an anti encroachment demolition squad
Thane District Does not have an anti encroachment demolition squad
Ambani plans township in Ulwe,Dronagiri
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Latest posts by Mayur (see all)
- 2 BHK flat for sale in NL 5, Sector 11, Nerul East - September 2, 2023
- 3 bhk flat for Rent in Parsik Hill - July 19, 2023
- 1 bhk for Sale in Geetanjali Heights, Sector 27, Nerul - July 16, 2023
Next four months will see the launch of the biggest residential township with state of the art facilities by Reliance. The state govt has recently altered its Industrial policy by allowing land which was acquired for building SEZ’s (special economic zones) to be used for building residential buildings.40% of the land acquired for SEZ’s can be used for residential buildings. Ambani owns 4300 acres in Ulwe and Dronagiri. This is prime residential land right next to the sea. Besides residential buildings, malls and schools too will be started. They plan to develop a walk-to-work culture. With the proposed Ulwe-Sewri link getting the funds the distance between Ulwe and Sewri will be reduced to a mere 10 mins drive via an expressway. This along with the Metro link and airport in the vicinity will make Ulwe the most preferred destination. What is sure to raise questions is the fact that this land was acquired for cheap by the govt in the garb of making SEZ’s and then allotted cheap to Reliance. Many allege that it was never Reliance’s intention to make SEZ’s and that they have altered the Industrial policy of the govt by using money power. This extra 4300 acres…
High court turns complaint against builders into PIL
High Court turns sting operation footage of builders taking black money into PIL
CIDCO land official murdered
CIDCO land dept employee murdered in land dispute
