Cidco charges are compulsory for every property purchase/sale transaction in Navi Mumbai. Without it, no transaction is legally sound or complete Find out everything you need to know about CIDCO Transfer.
Category: Navi Mumbai Real Estate
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…
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…
Largest land owners of Mumbai
If you’ve ever wondered who the kings of Mumbai are, read on !
Automatic deemed conveyance to be given by govt
Automatic deemed conveyance to be given after 4 months of society formation.
Real estate market dips further
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
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. Lease agreements are down by 17% month to month and 10% in year to year period.
CIDCO to give height approval on behalf of Airport Authority
CIDCO to give approval for height of buildings on behalf of AAI.
Ward officers to be responsible for illegal constructions in Navi Mumbai
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
The NMMC Commissioner,Mr.Bhaskar Wankhede has ratified a proposal to hold the ward officers responsible for illegal constructions in their respective wards.This change was notified via a gazette around 8 days ago. It was noticed that despite complaints,the illegal constructions continued as the ward officers failed to followup on the notices served.Henceforth,all complaints about illegal constructions would be the responsibility of the ward officer. Mr.Wankhede also submitted that the responsibility to clear the illegal constructions was that of CIDCO and that NMMC only plays a supporting role.
Maharashtra Housing (Regulation and Development) Bill-2012 passed
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
The long awaited ‘tough’ Maharashtra Housing Bill was finally passed by the Maharashtra Assembly on 16th July,2012.The law aims to plug the loopholes in the previous law, namely, Maharashtra Ownership of Flats act-1963.The new bill retains most of the contents of MOFA, but contains additional ‘tough’ provisions.A joint select committee had submitted a report last week, recommending 26 amendments to the originally conceived bill after a public uproar over the ‘mild’ provisions in the earlier draft. After a lot of opposition from the public, the committee was forced to accept the changes as suggested by the people who have been at the receiving end since independence. This law proposes for the first time….. The orders of the authority can be challenged before an appellate tribunal which will be headed by a retired high court judge. Now for the bad news…. It will take another year for the full implementation of this law. It now goes to the president for her assent and after that it will take another 6 months to frame the ‘business’ rules.
How to buy or sell a flat which has a loan on it
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
It is often seen that flats which one wants to buy or sell have a pending loan on them.In such cases,it becomes confusing as to what the exact steps are to conclude the deal successfully.Most people think that they need to settle the loan before selling it.For that they either pressurize the owner to settle the loan and get a no-dues certificate from the bank or they lend money to the owner to settle the loan and then hope to adjust that amount in the purchase price. However,there is a better,easier and safer way. The steps are outlined below… If the buyer is buying without taking a loan The owner of the flat contacts the bank and asks for a ‘loan outstanding letter’ which lists the amount outstanding.A list of documents mortgaged with it is also listed in the letter. The owner of the flat gives these along with a xerox copy of all the documents mortgaged with the bank along with any supporting papers that purchasers bank may require. After verification of the documents with the bank,the buyer pays a token to the seller and enters into an ‘agreement to sell’ with him.This agreement is registered with the registration office.…
