Navi Mumbai Real Estate

2200 builders refuse to pay VAT

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

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Ambani plans township in Ulwe,Dronagiri

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

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Ward officers to be responsible for illegal constructions in Navi Mumbai

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

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Maharashtra Housing (Regulation and Development) Bill-2012 passed

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

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How to buy or sell a flat which has a loan on it

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

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