9 - updates found regarding "city developer lodha group"

central-park

Although this seems to be a positive move by the government this might hit the buyers and builders alike in the affordable and mid-segment housing categories. Builders have complained that the 1% surcharge would push the total taxes up to 19%.According to Knight Frank, about 70 percent of the total sales in the first half of 2018, came from low to mid-segment markets, such as central and western suburbs, Thane and Navi Mumbai .Surcharge might adversely impact sales of homes in Mumbai, especially in the outskirts, even if they try to revive ...

central-park

Maharashtra government is expecting the revenue generated in this way to be more than 1000 crores and is planning to fund various projects like nine metro routes and Versova-Bandra sea link in Mumbai with this revenue. The stamps and registration department will collect the revenue and will pass it to the Mumbai metropolitan region development authority (MMRDA), via the Urban Development Department.

Bright real estate consultants are t...

central-park

Recent decisions taken by the Maharashtra state government to increase the revenue generation has been a major change for the real estate of Mumbai. It has increased the stamp and registration charges by 1 percent which will be collected as surcharge on property transactions (sale, lease, mortgage and gift of real estate) in Mumbai, within the purview of the Brihanmumbai Municipal Corporation (BMC). The existing stamp duty on houses in Mumbai is five per cent, which will now increase to six percent, making properties more expensive. This ca...

central-park

Property tax computation in Mumbai was earlier done on the rate based value system where the charges are determined by the amount of rent collected from a given property in a year.The Brihanmumbai Municipal Corporation (BMC) has now adopted a capital value-based property assessment and tax calculation system which depends on the stamp duty ready-reckoner rate issued by the government to estimate the property value based on different parameters. This rate is revised annually which helps BMC to arrive at a realistic value.

central-park

The parameters considered for property tax calculation include the location of the property, the occupancy status the property type, the amenities provided, the year of construction, the type of construction, the Floor Space Index and the carpet area.

Highly experienced consultants who have dealt with thousands of clients who make sure for the customer delight and satisfaction are here at Palava to help you out. Consultants such as Bri...

central-park

Property tax is the capitalized and collected as tax, from property owners by municipal corporations, which is used for the development of the locality such as maintenance of roads and allocation of civic facilities like street lighting, drainage systems, parks, etc. The tax is imposed on an annual or half annual basis and is paid to the local municipal corporation. Then the property tax may vary from one  location to the other.

<...

central-park

Home loan hidden charges are always limelight as many buyers would like to take financial assistance to buy a house or property. Some of these some charges levied by banks.

1. MODT charges (memorandum of deposit of title deed ): MODT is the documents of property deposited by the borrower as a financial security to the bank . Govt levy charges to ...

central-park

India has 102 operational airports as of December 2018 and many more on their way . Their development in any area is going to boost  the real estate sector in a huge way. Often we encounter broaches staying distance between airport and their site of construction as a key factor for their marketing . This is an eye opener to everybody encompassing the importance of an airport nearby . It’s presence is going to uplift the city’s image as destination for business in a way demand for commercial teas estate.Commercial activity m...

central-park

Leasehold

1. No outright rights, hence cheaper

2. No legal issues as they are owned by local authorities with clear titles