In an attempt to speed up the property tax payments, Maharashtra Government has launched e-payment of stamp duty. The buyers will now be able to pay the stamp duty in an authorized bank. One of the most tiring things in any of the property deals is the difficulty in paying the property tax to the […]
Tag: Maharashtra Government
Hindustan Unilever Ltd sells leasehold rights for Mumbai property.
April 5, 2012 – 2:07 pm
FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the company has sold its leasehold rights of a property in Mumbai for Rs 452.5 crore to Ajay Piramal Group firm Piramal Realty. HUL and entities of Piramal Realty have signed an agreement for assignment of HUL’s leasehold rights of the land and building named ‘Gulita’ […]
Hike in Stamp Duty report in Maharashtra for the Real Estate Sector.
March 27, 2012 – 1:19 pm
Shares of real estate companies with significant exposure in Mumbai slumped in a weak market today after media reports surfaced that the Maharashtra government proposes to hike stamp duty for properties. Shares of realty players like India Bulls, Oberoi and HDIL today slumped as much as 6 per cent after reports that the state government […]
Maharashtra stamp-duty hike: What it means for Real Estate Companies.
March 26, 2012 – 5:05 pm
In a recent development, cash strapped Maharashtra government proposed to hike stamp duty on leave-license to 0.1% on market value or 1% of the average annual rent or deposit paid, whichever is higher, for residential properties. For commercial properties, the duty proposed is 0.4% for lease agreements over 60 months. This is a whopping 160 […]
SC Order Paves Way For Redevelopment Of Mumbai
September 5, 2008 – 1:29 am
South Mumbai, the most expensive property market in the country, may change for ever. A Supreme Court order has paved the way for redevelopment of the entire city, the impact of which would be primarily felt in South Mumbai, dotted with old, crumbling mansions. While the decision would free vertical growth in a city that’s […]
