Information and knowledge about Navi Mumbai Real Estate
![\"Panvel](\"http://en.wikipedia.org/wiki/File:Panvel_station.jpg\")
The long awaited flyover in Panvel is likely to be functional in June. This 1.7 km flyover was started in Nov 2009 and is built by JMC projects.
The long sought relief from traffic jams on the Panvel ST stand road is finally becoming a reality.
Congratulations to all the citizens.
There is good news and bad news for the people of Navi Mumbai who have been staying in dilapidated buildings which have been long declared unfit for habitation.
The good news is that The Navi Mumbai municipal corporation (NCP) General body meeting passed the proposal to hike the redevelopment FSI of Navi Mumbai to 2.5 for dilapidated structures and an FSI of 4 for gaothan areas and chawls.
This proposal has been hanging since 2009 and assumed larger proportions when elections are near. People of Navi Mumbai have been misled by false promises and announcements in the past. But this time the NMMC claims to have prepared a ‘fool proof’ plan prepared by none other than CRISIL.
If successful, the proposal will immediately affect more than 70 structures which have been declared unsafe.
The proposal will now go to the Urban development department of the Govt of Maharashtra, where it will be studied and its fate decided. Laws and rules regarding FSI and Development are passed in State Assembly and published in the State Govt Gazette via a Notification.
Although redevelopment is already a tough procedure, it becomes all the more tougher as most of the CIDCO building inhabitants do not have proper ownership documents and most have \’purchased\’ the flats via Power of attorney as the sale of these flats/houses was forbidden by CIDCO for a few years after allotment. To bypass this ban, allottees often sold their flats via Power of attorneys. Most buildings have still not formed co0p housing societies and many have not paid property taxes. Most don\’t have conveyance.
For redevelopment to succeed, all these documents have to be in order.
In order to get these in order, an expense of a few lakhs cannot be ruled out.
Its anybody\’s guess as to how many residents of these low income colonies are ready to shell out that kind of cash to get their papers in order.
Until an outcome for these problems is found, redevelopment is a distant dream for most of Navi Mumbai, the approval of the Urban Development Ministry not withstanding.
Sure! Here’s a simplified and rephrased version of the article on Stamp Duty Refund Rules:
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| ~Registration office in Panvel~ |
Note: This information pertains only to stamp duty and does not cover registration charges.
You can claim a refund of stamp duty in the following cases:
These guidelines are specifically for claiming stamp duty refunds. Registration charges are not included here, but they can also be refunded. Please check the specific rules regarding registration charges.
If you have any more questions or need further clarification on any point, feel free to ask! 😊
Courtesy : DNA newspaper 12 May 2012
![\"Tax\"/](\"http://farm8.static.flickr.com/7142/6629120915_556a318093_m.jpg\")
From the Times of India 12.May.2012
MUMBAI: Despite the claims of the civic body on having transparency and parity in the new capital value-based property tax system, citizens seem unhappy at the development.
They feel that while a handful of new buildings that have come up after 2005 will benefit from the new system, several old structures will face a high rate of taxation.
According to BMC data, 27% or 3.87 lakh properties will benefit from tax reduction, whereas 19% or 2.75 lakh properties will face a higher rate of taxation, which will be up to two times the original amount paid. The maximum number of such structures are found in Andheri-Vile Parle west (50,000), Bandra-Khar-Santa Cruz west (34,000) and Esplanade-Fort-Colaba (11,000).
Anandini Thakoor, chairperson of the H-West Ward Welfare Association, said: \”I understand that expenses have risen. But to shift the burden to citizens is not justified. Residents of some old buildings will have to face a 100% rise in tax. The tax slab should have been lower.\”
Many felt that the approval to collect rent in retrospect was unjust. AGNI coordinator Raj Kumar Sharma said: \”The state had to amend the present law to make it possible. The revised property tax should be levied from the time the revision is approved by the corporation.\”
An official said there were legal provisions to charge people retrospectively. \”From April 1, 2010, we had been sending people provisional or temporary bills. It was clearly mentioned in the bills that payment would have to be adjusted once the new system was approved. As it might be a steep amount for many, we are likely to extend the due date of payment of bills till March next year without any penalty,\” he said.
What New Property Tax Format Means For You
A Borivli resident will stand to gain more-in terms of percentage-than a person living in Cuffe Parade under the new capital value-based property tax system. While there will be a 54% reduction in property tax in the former, the latter will see a 37% decrease.
In Cuffe Parade, tax levied under the old ratable value system was Rs 17.54 per sq ft per month. Taking into account the Ready Reckoner (RR) rate, which is Rs 34,330 per sq ft, the new property tax has gone down to Rs 11.10 per sq ft. In Borivli, the rate has gone down from Rs 4.99 to Rs 2.28.
Meanwhile, civic officials said of the 700 RR pockets in the city, only 17 had properties with a capital value more than Rs 2.5 lakh, pushing their taxation higher than the rest of the city. However, compared to the old system, the taxes have come down. Nepean Sea Road is one such example. With an RR rate of about Rs 53,120 per sq ft, the new property tax is pegged at Rs 17.17 per sq ft per month, 41% less than the earlier Rs 29.11
Developer failed to stick to bldg plan, gave residents possession without OC
Two separate cases of fraud and cheating have been registered in Navi Mumbai against a group of builders and government officials on the directions of the high court. The order came after Navi Mumbai residents Sunil Kumar Lahoriya and Pramod Mittal moved a writ petition in the court.
In the first case, Lahoriya moved a criminal writ petition against builders and NMMC officials on the \’illegal construction\’ of Vignahar CHS at sector 14, Nerul. The petition asked permission to file an FIR in the case and the court directed the local police station to register a complaint. According to the complainant, the builders of Vignahar CHS had two structural plans for the building of which one was approved by NMMC,but the building was constructed as per the other plan.
Lahoriya bought a flat in the building and since no society had been formed, he was authorised by other members to sue the builder on their behalf. Lahoriya\’s advocate said his client obtained the original plan of the building using RTI and came to know that it was not what had been promised in the brochure.
In the Vignahar CHS matter, a case was registered with Nerul police station under sections 406, 420, 467,468, 471, 409 and 34 of the IPC against builders Vijay Gajra, Lada Ravariya, Dinesh Patel, Verasi Dama,Govind Varchand, Keshavji Gala, architect Anurag Garg and his wife from Dimensions Ltd, structural engineer AG Gokhale and NMMC officials Umesh Patil, Dilip Kulkarni, Sanjay Banait and others. In all, 12 people were identified as accused.
In another case, Pramod Mittal moved a criminal writ against the builders of Green Heritage building at sector 20, Kharghar, and other government officials attached to Cidco,MSEDC and the crime branch, seeking permission to register a FIR. Kharghar police registered the complaint against 36 people in accordance with a direction from the court.According to the complainant, the builders of Green Heritage building gave possession to its residents without getting an occupancy certificate (OC). Cidco provided water to the building without verifying the documents and MSEDC provided an electricity connection.
Even though Cidco and MSEDC sent the builder a notice to submit the OC in October, they failed to take action against him, the complainant said. \”When my client approached thecrime branch, the DCP tried to suppress the case. He held back the case and got involved with the builders of Green Heritage. So we have made the officer and other government officials co-accused in the case,\” Mittal\’s advocate said.
The case has been registered against Vijay Gajra, Dinesh Patel, Gangaji Bhanushali, Sunil Gala, Sohail Gala, Karman Patel and other partners in the Green Heritage project including Vasant Bhanushali, TP Rana, Jumma Khumbhar, architect Anurag Garg and his wife, RCC consultant AG. Gokhale, NC Bhopi. The co-accused are Cidco chairman Pramod Hindurao, Cidco JMD Tanaji Satre, TC Benjamin (secretary, urban development department, Maharashtra), Manukumar Srivastava, L Radhakrushnan, SS Sandhu, Rahul Asthana, Bhaskar Wankhede (commissioner of NMMC), Namdeo Rama Bhagat, Vasant M Bhoir, MD Lele (chief planning officer, Cidco), V Venu Gopal (MTS), Vivek Marathe (MTS), Shivaji Jondhale (CCUC), DJ Chavan (executive engineer electrical), NS Patil, (executive engineer, water supply, Cidco), chief eng. Bhandup div. MSEDCL, SG Karpe (sup. eng. Vashi Circle), DR Sabu, DV Swanande (Dep. Eng. Kharghar Sub Div.), Subhash Rathod and 20 other besides DCP (crime branch) Dattatrey Shinde and officials from additional town planning departments of Cidco and NMMC.
In latest developments….All the builders involved in the Green Heritage case were remanded to judicial custody on the 16 th of May 2012 by the Belapur Court,but 2 of the accused,Mr.Gajara and Mr.Patel,fled from the Court premises and are currently absconding.The police have registered a case for absconding against them.
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