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Mumbai housing societies spared service tax

MUMBAI: Housing societies do not have to pay service tax on maintenance charges collected from their members, a tax tribunal has ruled.This will reduce the maintenance outgo of residents of nearly a lakh housing societies in Mumbai and Thane, particularly the upscale ones where the charges can go over Rs 1 lakh every month.The recent decision by the Customs, Excise and Service Tax Appellate Tribunal...

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Mumbai will be made free of traffic jams: Mr.Fadnavis

Mumbai will be made free of traffic jams: Mr.Fadnavis

The two-hour commute from the northern end to the southern tip of Maximum City is set to come down to 30 minutes with the ambitious 35-km coastal road project that is being spearheaded by the first-ever BJP government in the State, led by Devendra Fadnavis. Mr. Fadnavis, in an interview with The Hindu, said that liberating millions of Mumbaikars from the nightmare of traffic jams and long hours of time...

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Surat partners with Microsoft to become a Smart City

Surat partners with Microsoft to become a Smart City

 Surat Municipal Corporation(SMC) and Microsoft India have announced their partnership to transform Surat into a smart city. SMC has been one of the early technology and e-Governance adopters and the city has selected Microsoft as its partner of choice for process automation and citizen services. With help from Microsoft and its partner ecosystem, the city administration is evaluating technology infrastructure to meet the changing needs of its...

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Navi Mumbai airport to be operational by 2019, says Maharashtra – CM

Navi Mumbai airport to be operational by 2019, says Maharashtra – CM

Maharashtra chief minister Devendra Fadnavis on Thursday informed the state legislative council that the proposed international airport in Navi Mumbai is expected to be operational by 2019. Responding to a question raised by Congress leaders Sanjay Dutta and Bhai Jagtap and others, Fadnavis said the process of getting permits and licences from the various departments will be completed by next January and the first phase...

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5 key elements of Centre Govt’s 100 smart cities

5 key elements of Centre Govt’s 100 smart cities

The Centre has prepared a blueprint to define the key elements of the 100 smart cities it plans to establish across the nation. The cities were one of the main promises made by Prime Minister Narendra Modi in the run-up to the Lok Sabha elections earlier this year. The government has allocated Rs.1000 crore for each city which will be selected according to its population. Eight...

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E-registration of property starts in Mumbai

E-registration of property starts in Mumbai

People in Mumbai can now expect hassle-free registration of properties, with the launching of an online system to ensure transparency and offer people a seamless experience. E-registration of property was launched by the Maharashtra government on August 31, 2014, to facilitate easier and quicker registration. Earlier, it was possible to download only the necessary documents for registration. With this initiative, buyers and developers can now...

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Smart cities set for take-off, state governments asked to identify cities.

Smart cities set for take-off, state governments asked to identify cities.

Among PM Modi’s pet plans, few would be more significant to India than building 100 smart cities, as the country is in the middle of a massive wave of urbanization. Modi was smitten with the idea of a smart city long ago, and he had set the ball rolling in Gujarat with the Greenfield Gujarat International Finance Tec-city (GIFT). This venture is now proceeding rapidly,...

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Home buyers expect property prices to rise in next six months: Survey

Home buyers expect property prices to rise in next six months: Survey

Prospective home buyers expect property prices to rise over the next six months, according to a survey by IIM Bangalore and real estate portal Magicbricks. “The latest Housing Sentiment Index (IIMB-MB HSI) by IIM Bangalore and Magicbricks forecasts that homebuyers across 9 of the 10 cities surveyed expect real estate prices to rise over the next six months,” Magicbricks said in a statement. The aggregate Housing Sentiment...

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