Bruhat Bangalore Mahanagara Palike (BBMP) started collecting property tax for the new financial year 2010-11. You can pay your property tax either in full payment or in two equal installments. The property tax amounting less than Rs. 1,000 can be paid in cash while the amount exceeding Rs. 1,000 has to be paid via Cheque [...]
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Pay Your Property Tax by April 30 and Get 5 Per Cent Rebate
Wednesday, April 14th, 2010Formation of Apartment Owners Association in Hyderabad
Saturday, March 6th, 2010Hyderabad is the most populous city of the South Indian state of Andhra Pradesh. The city is regarded as a blend of traditionality with modernity.The city is administered by a nagar nigam called Greater Hyderabad Municipal Corporation (GHMC). The apartment owners in India can voluntarily form an apartment owners association for the maintenance of apartment [...]
Income Tax and Rebate for Apartment Owners Association
Thursday, November 12th, 2009Apartment owners association plays vital role in maintenance of apartment and works for welfare of its members. Apartment owners association may or may not be registered but it is always recommended to register the association to sue or defend any legal action. Apartment owners association collects maintenance charges from its members and earns revenue from [...]
Guide to Apartment Owners Association: Formation and Functioning
Thursday, October 1st, 2009Today apartment owners association is vital part of a community living. Apartment owners association is association where all owners of the apartment are members and association maintains facilities or amenities available in apartment. Apartment owners association works for welfare of residents in apartment, conduct events or awareness program and protects the right of apartment owners. [...]
Joint Home Insurance by Owners Association
Thursday, September 3rd, 2009Home owners association is association formed for maintenance of apartment and welfare of residents in the apartment. Homeowners association collects maintenance charge for common area and amenities in apartment. It is also the duty of the homeowners association or apartment owners association to provide the option of home insurance to its members. Home Owners Association [...]
Popular Methods to Calculate Maintenance Fee in Apartment Complexes
Thursday, August 20th, 2009Apartment owners and tenants have to pay maintenance fee for the amenities and service enjoyed by them in their apartment. Expense incurred for the maintenance of common area is shared among residents of apartment and income is distributed among apartment owners. Apartment owners form an association for collecting the maintenance fee and association works for [...]
Guide to Property Registration in Mumbai
Thursday, July 23rd, 2009Property is one of the investments for long-term investment. When buying or selling a property it is compulsory to register. It ensures legal transfer and ownership of property. Registration act as a proof for transaction and registration is done after execution of agreement. The language of document can be English, Hindi, Marathi or Gujarati so [...]
