Gurgoan Civic authorities provide motivation to the RWAs to increase property tax gathering

In a motive to inspire residents to pay property tax, the MCG has introduced an incentive program to offer Rs 5 lakh to the one who resides in resident welfare association and will guarantee that the tax payment is made by the majority of the citizens of their region.

The commissioner had pronounced an order on 2^nd May, where 80% of the unpaid taxes are cleared till 31^st May. He also said that the money could be spent on beautification of parks, developing green zones and improvement of community centres. This will benefit the property in Gurgaon.

The strict method taken up by the Municipal Corporation of Gurgaon (MCG) aims to make citizens pay their property taxes appears to have labored. Citizens in this region are displaying keen inclination towards clearing the property tax dues with a hope that MCG could consider their regions for upgrading.

From its time of formation in 2008, the MCG is facing difficulty in steer residents to clear property tax, with a few residents’ authorities and have even approached to the court to take action against what they say 'dual taxation'. Gurgaon builders citizens Council a co-organization of resident welfare associations had sought  help from the Punjab and Haryana high court in the year 2009 and made an allegation that the citizens were made to pay property tax two times –first by the private developer and secondly to MCG.

However, the high court turned over the petition. Further, the GCC moved to the Supreme Court in the year 2012, which also turned down the plea, pronouncing because it is State’s concern and only the HC could make any decision on the matter. The issue has been pending since then with HC from 2013. MCG commissioner V Umashankar on 16^th May conveyed the RWAs that their areas might be considered by the MCG over development if they cleared the property tax dues. The GCC has thought to installation tax collection camps in DLF areas from 25th May to 27^th May, where MCG will interact with the property holders and answer their queries on the matter.

The recent rebate program offered by the authorities is appealing, because of which several residents are clearing their tax dues. However, GCC plans to continue to fight the case in the High court make sure that the tax amount gathered from private colony citizens over time through the MCG. This move by authorities will surely be good for residential projects in Gurgaon.

Table of content  GNIDA Working Hard to Ensure Speedy Handover of Property in Noida Livability in Residential Projects in Noida Being Impacted by Builders RO Plants Noida Authorities may seek for Rs.900 crores from the buyers

Livability in Residential Projects in Noida Being Impacted by Builders RO Plants

Occupants living in residential projects in Noida have written to the Noida Authority CEO stating that an end be put to unauthorised RO plants functioning in the residential sectors of Noida. Occupants of houses in Noida have stated that RO plants lower the level of ground water. Member of the Resident Welfare Association also wrote to the Noida CEO stating that builders waste a great deal of groundwater.  

The Issue of Water

Unauthorised RO plants were demanded to be shut down by the Federation of Noida Residents Welfare Associations (FNRWA) because of such plants lead to a great deal of wastage of water and lower the ground water table. Builders use the RO plants to extract ground water which is being rapidly depleted in Noida.  

The Residents Welfare Association Federation has also urged the authorities to take measures to harvest rainwater in Noida. RWA Federation members urged the authority to immediately draft plans and policies which would result in rainwater harvesting in industries, institutions, office building, and in parks across the city. Federation members believe that if water is harvested the likelihood of a shortage of drinking water in Noida in the future will be greatly diminished. Currently, many sectors in Noida face a shortage of drinking water.

In the Words of the Residents

The FNRWA president has stated that the Federation has received numerous complaints regarding unauthorised RO plants. According to these complaints, there are numerous unauthorised RO water plants in sectors and neighbouring villages which results in a wastage of groundwater. The ground water is extracted to bottle RO water, and untreated water, as per the accounts of the residents, is disposed of in the drains by builders.

According to the FNRWA President, because builders have numerous projects in Noida, they are an additional and a significant reason why water is wasted in the city. According to Noida residents, real estate developers in Noida are an additional reason why water is wasted in the city. Because builders extract ground water with virtually no hindrances, so as to build buildings, and supply workers on their many multi-storied housing complexes, they are a significant burden on the city’s water resources.  

The Depth from Which Water is used

Residents have stated that the builder’s operational RO plants are the prime reason why water is being constantly depleted in Noida. Today there is a scarcity of water up to two hundred feet below ground level whereas the water table earlier was aplenty at a depth of sixty feet. Households that have plans to buy property in Noida should be aware that the city has a problem of water scarcity which could become acute in the near future.

Tax benefits entices Property in Pune

Minor amendments to the Income Tax Act in the budget have ensured benefits to every stakeholder.

A close analyzing of the Central Budget 2017 reveals us that, housing, particularly cheap housing, become the only enterprise that found a place within the Union finance minister's speech.

It was a pleasing surprise to find the minor change inside the Income Tax Act mentioned in the budget have offered an advantage to all stakeholders, homebuyers in city and rural areas, investor parties, landowners, proprietors of redevelopment properties, banks, real estate funds and surely the builders. This would surely impact the property rates in Pune.

Many market specialists in the subject consider that this is the beginning of giving extra such incentives to this vital segment, as it is emerging as India’s second highest sector to offer employment and could drive more than 140 industries as soon as it begins developing.

Following are the various advantages that the Union budget is ready to usher in path-

Business:

-  Providing Infrastructure status to the cheap housing will exchange belief of the industry within the eyes of every stakeholder which includes consumers, media, banks, foreign traders, and government departments.

- Builders would be capable of getting funding at reasonable rates for an extended period and at better conditions from the banks.

Home buyers coming from middle-income class:

- The discounted Income tax rates will provide gain to the middle-income class buyers and enhance their home loan eligibility.

- In addition reduction in home loan interest quotes because of various reasons which include demonetisation is predicted to keep in 2017-18.

- Consumers are expected to get income tax deduction of interest despite the fact that the residence is finished within 5 years in which home loan is taken.

Home buyers coming from MIG/LIG class:

- The boom in the amount of loan eligibility for subsidy in the Housing for All Scheme to Rs 9 lakh and Rs 12 lakh (already announced By Prime Minister while addressing the nation on December 31, 2016).

- Invoice regarding curtailing the threat of illicit deposit schemes is about to be added. It decreases illegal chit fund 'bhishi' schemes and can be a good opportunity for builders to inspire these human beings to put money into affordable projects in Pune.

These are few factors which will the effecting the future course of Pune real estate.

 

For more information- real estate blog in pune

Some Builders in Gurgaon May Lose Their License Thanks to MCG

The Gurgaon civic body may takeover colonies from those builders in Gurgaon who have incomplete civic projects in societies they constructed. On Tuesday a meeting was held between many of Gurgaon’s top builders and the Municipal Corporation of Gurgaon. During the meeting the MCG did not shy away from stating that it would be open to taking over the colonies that the builders had constructed. During the daylong meeting numerous aspects of how the MCG would take over the societies was discussed. Also attending the meeting were residents of several societies who had demanded that the MCG take over the civic functions in their societies as it would lead to the completion of unfinished projects in their societies. The MCG had threatened the builders with the cancellation of their licenses yesterday during the course of the meeting.

What to Expect in the Future

A takeover of the societies that are under the management of builders could happen in as short a time as two to six months, while the outer deadline for such a takeover by the MCG is next year. However no concrete roadmap outlining the takeover timeframe was presented at yesterday’s meeting. According to the Municipal Commissioner, the takeover would depend on whether the developer agrees to finish the deficient work in the societies and whether the builder is willing to pay the MCG to complete the work. If a builder is unwilling to agree to both of these conditions then the builder’s license could be revoked by the MCG.   

A Role for a Fact Finding Committee

As a first step, all private colonies that the MCG is considering to take over will be visited by a three member fact finding committee. The three members that make up the committee are private consultants. By the middle of next month, the members of the fact finding committee will submit their estimate of deficiencies in the concerned societies. The committee members will also provide the MCG with the estimated price which will be needed to maintain the societies over the next five years. A few of the societies the MCG is considering to take over house some of the better luxury apartments in Gurgaon.  

Finishing the Job

After the committee has finished the task and provided the MCG with the cost likely to be incurred in completing the deficient work, the MCG will provide a time period of six months within which builders must complete the work. Builders may choose to let the MCG complete the work and pay the MCG according to do so.

Conclusion

Builders who choose to not complete the civic work themselves and not to pay the MCG to complete the civic work shall have their licenses cancelled by the MCG. After the builder’s license is cancelled the care of the society will be automatically transferred to the MCG. Residents living in some Affordable homes in Gurgaon however staged a walk out at Tuesday’s meeting as they believed that the MCG was being inconsiderate with respect to their unique circumstances.