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.

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Allottees With Unfinished Properties in Gurgaon will Feel Impact of New HUDA Policy

Allottees of unfinished or semi completed properties in Gurgaon have been given an ultimatum by the Haryana Urban Development Authority. Under this ultimatum, allottees of properties that are semi built or are vacant land, have until the March of 2019 to complete fifty percent of the work required or face penalties by the HUDA. If the allottees of these 1,060 properties (who were alloted land by HUDA) fail to comply with the orders of the HUDA they will face a hefty fine when they try to gain an extension of one year's time to construct their property.

The building that is expected to stand in such plots has already been approved by the HUDA yet work on the project has either not begun or has been abandoned less than half way.

As per publicly released information, the HUDA gave this order yesterday and the order applies to areas that fall under the jurisdiction of the Estate Officer-1. Should those who own such incomplete property on HUDA plots in the region mentioned not comply with the order, they should be ready to brace for action from HUDA.

A Change in Policy

A new policy has been introduced which mandates that construction must be completed on at least fifty percent of the land that has been granted permission to bear a building by HUDA. Furthermore according to this new policy, occupation certificates for such unfinished properties must be granted by March of 2019. In case the allottees fail to comply with this new policy, they will be liable to pay an extension fee at high rates; this has been prescribed within HUDA's extension policy.

According to a Sub-Divisional Engineer with HUDA, the mandatory construction must be completed by March 2019, or approximately within 2 years, otherwise the allottees will pay a fine. The accounts and administrative departments of the HUDA both have been provided a copy of the new notice and HUDA will begin to automatically charge allottees in case the Occupancy Certificates have not been awarded to allottees by March of 2019.

The 1,060 allottees who own GurgaonReal estate in the concerned region have already been issued notices however a further 4,000 allottees have been discovered to be in violation of the policy and they too may soon receive notices from HUDA.

What Led to This Change in Policy

An amendment was made to HUDA policy in January of this year which made it compulsory to have completed at least half of the approved construction, on HUDA plots by March 2019, regardless of whether the approved construction be institutional residential, or commercial in nature.

The major reason for the introduction of this new policy is that authorities discovered that they were suffering a huge loss in tax revenues due to large number of empty HUDA plots, which, if they had a built construction on, would have paid a higher rate of tax to the authorities.

Conclusion

If allottees fail to build half the construction by March 2019, they will have to pay a hefty extension fee if they wish to retain ownership of the plot. However if allottees were allotted the land fifteen years before March 2019 and the allottees have still not built half the construction on the land by March 2019 then they will forfeit ownership of their residential property in Gurgaon and their plot as both will be reclaimed HUDA.

Why should you invest in gated communities in Gurgaon?

In recent past many reputed builders like DLF and Vatika have launched townships and gated communities in Gurgaon. This is not because the builders have got ample land to develop large townships but because there is demand for the same from homebuyers. However, there is a segment of homebuyers which is unaware of the benefits of living in a gated community.

When looking for residential property in Gurgaon, these investors and homebuyers still end up looking for just apartments or independent houses with limited features. If you are planning to buy a home in Gurgaon and confused where to park your money to get maximum value, here are some benefits of living in a gated community.

Before moving on to the benefits of living in a gated community, let’s first understand the concept of these residential projects.

What are gated communities?

A gated community is a completely secured residential complex with all the basic amenities. One of the best features of this places is advanced security by high-tech measures like boom barriers, card entry, CCTV cameras etc. These communities are segregated from rest of the neighborhood through large walls, which is the reason these are sometimes called private enclaves.

Here are reasons you should invest in gated communities in Gurgaon:

Advanced security: The primary reason behind increased interest of people in these housing complexes is advanced security. In this time where crime rate is increasing rapidly, people look for a safe abode where they can leave their family. So, if you want a safe abode and wish to buy property in Gurgaon, invest money in a gated community.

Sense of togetherness: Gated communities generally have all the features like clubhouse, gym, spa, banquet hall, sports areas, sitting area for senior citizens and swimming pool. It gives residents an opportunity to come together and make new friends, which creates a sense of togetherness.

High saleable value: Apartments in gated communities are designed on specific layouts, which give a unique look to complete housing complex. Further, builders pay special attention to the maintenance of these projects, which helps homebuyers get high value when they resale their luxury flats in Gurgaon.

Though everything has its own pros and cons, when it comes to gated communities, it has more advantages than disadvantages. So, it is a good idea to park your money in Gurgaon. There are many builders who have launched projects in this category. With a little search online, you can easily find the right project to enjoy a safe, enjoyable and comfortable life.

Why is Gurgaon turning from green jungles to concrete jungles?

Gurgaon or now converted to Gurugram is one of the oldest cities. The city had a long journey of converting from green jungles with wild animals to concrete jungles with some of the best MNCs and top residential projects. The process of evolving from a jungle to a well-developed city of this ancient city is interesting to the core. But have you ever thought about the reasons behind this drastic change and quick development?

The city is so old that people even tell stories of epic “Mahabharata” here. Some say that Dronacharya was from Gurgaon and this is one of the reasons it is also called ‘Gurugram’. There was a time when city’s condition was far from a place worth living. But the situation started to change after the establishment of automobile company Maruti Suzuki’s plant in Manesar. Realestate in Gurgaon started to change after this and gradually it became one of the largest IT hubs not just in India but in the world.

But the just entry of Maruti Suzuki is not the only reason behind the development of Gurgaon from a jungle with ‘blue cows’ to one of the best places to own a home in India. Here are some more factors that played a vital role in city’s growth and helped it become the ‘Millennium City’.

Shortage of space in Delhi: When builders and budding organizations stopped finding suitable and affordable land in the national capital Delhi, they shifted their attention to the less explored area Gurgaon. To accommodate the huge population in Delhi, residential property in Gurgaon was developed. Proximity to Delhi was one of the reasons people find it a suitable location to live.

Entry of MNCs: Almost every leading IT company today has its office in Gurgaon, which helped in the growth of city’s real estate market. Multinational companies like Wipro, GE, IBP, Genpact etc. started coming to the city. Today Gurgaon has one of the largest “cyber hubs” in India working as a jewel for the city.

Infrastructural development: Infrastructural development of Gurgaon was way faster and better than other cities sharing a border with Delhi. This also contributed to city’s growth as people always like to live at a place with smooth connectivity and social infrastructure like educational institutions, hospitals, markets etc. The government proposed wide roads to ensure smooth connectivity to Delhi and to reduce traffic on roads.

World-class projects: Leading builders launched some of the best residential projects with state-of-the-art amenities. Today luxury flats in Gurgaon can give competition to many international housing projects just because of amazing design and advanced features. Ireo is one of the developers that launched a technically advanced home where everything from opening doors to dimming light and setting curtains, everything happens on a touch of a button.

These are some of the reasons behind the exceptional development of Gurgaon. Today the city has become one of the most sought after locations in India to live, work and study. People from all across the world come here to invest money in real estate and work.