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Half-way meet for BMC and builders
Q: The Brihanmumbai Municipal Corporation has a New Year gift for builders and real-estate developers.

real estate
bmc
real estate developers
building permission system
brihanmumbai municipal corporation
devendra fadnavis
Latest Answer: Hi everybody, It means that the number of days required to get these permissions will also reduce from a year to two months.
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Builders are ignoring realty market downturn with more proposal this year
Q: This is quite a change from last year when the BMC received 989 building proposals between April 2014 and March 2015.

commencement certificate
brihanmumbai municipal corporation
sluggish real estate market
building proposal
building proposal department in mumbai
increase in building proposal ration in 2015
Latest Answer: Hi all, It is totally opposite of expectations that the delay in corrections in the development plan will disable the regulatory approval process, the proposals received by the corporation in the first 6 months of the current financial year are almost equal to the numbers received in the whole of the last year.
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Mumbai builders can now check their proposals online
Q: The BMC has told builders to purchase the software and check their proposals.

no objection certificate
bmc
builders
noc
brihanmumbai municipal corporation
building proposal office
corruption in real estate
online building approval
Latest Answer: It's big relief for the builder as well as for the flat owners who always stuck with their heavy amount in a project. Builders will now have to submit files online, a copy of which will go to departments concerned, and they have to issue NOCs within 7 days. Builders will be informed about it through an SMS or email.
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Transfer of a completed immovable property's title is free from service tax
Q: If you are buying an under-construction property from a developer, in such a case, the developer is considered to be the provider of construction services to the home buyer.

occupancy certificate
bmc
completion certificate
brihanmumbai municipal corporation
transfer of a completed immovable property
transfer under construction property
ministry of finance
Latest Answer: Thanks Sunil, I heard that as service tax is charged only on the construction cost, the effective rate of service tax on the entire value of a property below Rs.1 crore is 3.50% (14% on 25% of property value) and 4.2% (14% on 30% of property value) for the a property valued above Rs.1 crore. Is it true?
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BMC is looking to simplify redevelopment process for leased plots
Q: Yes, redevelopment projects on Brihanmumbai Municipal Corporation's leasehold plots are set to become easier.

occupancy certificate
bmc
noc
leased property
municipal corporation of greater mumbai
mcgm
brihanmumbai municipal corporation
leasehold plots
amalgamation of plots
redevelopment of municipal leased properties
redevelopment of cessed buildings
Latest Answer: Hi Bulbul, If i am not wrong, it also includes the granting an procedure of granting an NOC to get an Occupation Certificate for redevelopment of municipal leased property.
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Mumbai builders get notices to stop construction in monsoon
Q: In Mumbai 32 notices have been issued to builders for breaking the BMC's guide on stopping of monsoon related diseases.

bmc
brihanmumbai municipal corporation
notice to mumbai builders
ghatkopar
goregaon
andheri
Latest Answer: Roght Puneet, Only 19 notices have been issued for 225 buildings. In the N Ward in Ghatkopar, 3 notices have been issued. 2 each were issued in K West Ward in Andheri.
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Salt pans in Mumbai marked as "residential zones" in set up development plan
Q: It's really a good news for Mumbaikers because the salt pans, which till now fell under the No Development Zone.

bmc
fsi
floor space index
no development zones in maharashtra
municipal corporation of greater mumbai
mcgm
maharashtra government
brihanmumbai municipal corporation
housing for all by 2022
chief minister devendra fadnavis
mumbai development plan
mumbai development plan 2034
salt pans
salt pans in mumbai
residential commercial zone
slum rehabilitation authority
whole city all slums
maharashtra govt. new draft plan
Latest Answer: Right Saurav, If Salt Pan lands in suburban areas are allowed to change in usage, can be used for creation of low cost housing for LIG and EWC segments. It definitely has the possibilities to affect availability of land for real estate development, but just by itself it may not be enough.
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Mumbai development plan 2034 proposes FSI up to 8
Q: Hi, What are the pros and cons of new proposed FSI in the development plan?

bmc
fsi
floor space index
affordable housing project
naredco
municipal corporation of greater mumbai
mcgm
maharashtra government
brihanmumbai municipal corporation
housing for all by 2022
tdr
chief minister devendra fadnavis
affordable housing project in mumbai
mumbai development plan
mumbai development plan 2034
properties for sale in mumbai south
development control rules for mumbai
reduction in fsi-tdr premiums
the mrtp act
Latest Answer: @Sunil, Builders are thinking that among number of other changes, the plan had increased the floor space index, which indicates permissible construction on any plot. According to experts, if height and developable limitations are re-engineered, companies will have to go back to the drawing board and reconstruct plans.
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BMC proposes 14% property tax hike
Q: Hi, Has there been any change in Mumbai property taxes?

property tax
bmc
mumbai properties
ready reckoner rates
properties in mumbai
brihanmumbai municipal corporation
bmc proposes to hike property tax
property tax hike in mumbai
rcc
Latest Answer: Well Chintak, With its revised set of rules for property tax collection for 2015-2020. The cash-rich BMC's current estimates for property tax are Rs 4400 crore approximately. On the other hand, the weightage on hotels has increased, according to their grading. Schools, too, will be taxed according to residential rates and not commercial rates.
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Delay in 4 Mumbai projects increases cost by Rs 3500 crore.
Q: Hi, do you know that the Brihanmumbai Municipal Corporation (BMC) spends more than the estimated cost on projects mainly due to delays.

bmc
mmrda
mumbai metropolitan region development authority
brihanmumbai municipal corporation
jogeshwari flyover
byculla zoo revamp
brihanmumbai storm water drain
mithi river development
Latest Answer: @Pradyuman, But after completion of this flyover, it will bring relief to north-bound traffic on S V Road and the WEH. It will help traffic moving towards JVLR and Goregaon on S V Road, as north-bound traffic gets stuck near the Goregaon telephone exchange junction on S V Road. The flyover will have an approach road at Ram Mandir Road, towards Oshiwara, and also on S V Road, parallel to Siddharth Nagar.
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