Real Estate Forum on Proerty Tax

Latest Answer: Hi Sneha, Besides having main office in Pune, they have also opened a branch office in Bangalore and Mumbai. Though they entered the Mumbai market through 2 redevelopment projects, they made a strong hold of their projects in Mumbai. Heard that they have ambitious plans in next 3 years to double their revenue to Rs. 1500 crore expansion plan and have presence in more markets. Not bad for a company which, just a decade ago, was doing just Rs 10 crore worth of business.

Latest Answer: Yes the project has been duly approved by TMC and comes under TMC limits. Got in touch with executive and mentioned that the apartments have sufficient water to cater to the daily requirements. The flats have corporation connection as well as borewater connection which is more than enough to meet the daily requirements. The bores are dug upto a 800 feet below the ground level.

Latest Answer: When you buy by flat you buy two things from the builder

1. Undivided Land of Share and

2. The flat.

Both VAT and Service Tax (As on Jan 2013 ...Service Tax @ 12.36% on 25% of BASIC Price ( if Land Cost is included ) otherwise 12.36% on 33% of Basic Sale price ) need to be paid on no 2 and not on no 1. Make sure you get a TAX invoice for those if builder is not giving you the TAX invoice then dont give those amount.....rest of the things as KTPCL+BWSSB + ammenities are chnarged at 12.36% ....BUT Parking could not be chnarged for service tax as , as per SC decision Parking slot is not an extra service but the part of construction itself.

Latest Answer: I read an article about the property tax in one of the website, you can read the article Guide to pay 2012-13 BBMP Property Tax Online to get idea about how to pay property tax online.