Nagpur civic authority cuts 200% extra tax on rented properties

By Accommodation Times Bureau NAGPUR On Thursday, Mayor Nanda Jichkar announced during a conference that, Nagpur Municipal Corporation (NMC) has decided not to levy any extra tax for rented properties. The relief has been given for both residential and commercial properties. Until now, rented properties were taxed at thrice the normal rate. A

Builders drag RERA to court ! Demand to exclude ‘incomplete projects’ clause

By Accommodation Times Bureau A bunch of builders have approached two high courts challenging some of the key provisions in the Real Estate Regulation Act (RERA) including binging all “ongoing” projects under regulation and penalties for failure to register such projects. They have pleaded that these provisions have retrospective effect since the projects

Builders must reserve 15% of residential plot area for public recreation use: HC

Accommodation Times News Service According to a latest Bombay High Court decree, residential buildings should have at least 15% of open plot area for public recreational purposes. The ruling came in the wake of a Public Interest Litigation (PIL) filed by activist Sandeep Thakur questioning the validity of ‘action area plan’ owing