If the builders were expecting a revival in the market ahead of the festive season,here is a reality check…. Real estate sales have dropped by 5% and lease rental deals have fallen by 17% in the past 3 months. Month to month reduction is 5% in sale deals and 2% in year to year period. […]
The Maharashtra Govt has decided to collect VAT (Value added tax) from home owners who bought their under-construction homes directly from builders between June 2006 and March 2010.The value of VAT has been decided as 5% of the total agreement value. This amount will have to be paid before August 31st. Eg: A buyer who
The illegally redeveloped building in sector 9,Vashi is yet to be demolished. It helps to remind our readers that this 12 storied building in sector 9 was constructed on the spot of a CIDCO constructed society which was \’redeveloped\’. The commencement certificated for the building was revoked and a 1 month notice was served to
A meeting with the villagers of Ulwe on 31 july,2012,ended without a resolution as villagers demanded an astronomical amount of 20 crores per acre or 40% of the surrendered land as compensation. Earlier, CIDCO had acquired most of the Navi Mumbai land from villagers at a rate of 12.5% of the acquired land. The govt
