Chennai Residential Traction, January 2014

Chennai Residential market is well known for its growing demand due to the large sea-line, which remained stable even in the toughest time of the Indian Realty. Although slowdown of the Indian real estate has burnt Chennai market in bits…

GHMC Levies Vacant Land Tax in Hyderabad

Hyderabad: The Greater Hyderabad Municipal Corporation (GHMC) levies more tax on vacant land than assessed from owners of buildings and other structures in the city. According to the GHMC Act, registration value of 5 per cent for a land or…

AMC May Increase Property Tax FY 2014-15

Ahmedabad: Ahmedabad Municipal corporation’s budget for 2014-15 is proposed to cross mark of Rs 6,000 crore. The budget mark and less JNNURM projects will result into tight finances this year in AMC. Civic body will be forced to pursue their…