Category: Latest Stories

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Latest StoriesResidential

Sambhajinagar Residents Seek Property Tax Waiver Like Mumbai’s

CHHATRAPATI SAMBHAJINAGAR: Local citizen groups are advocating for property tax relief akin to that enjoyed by residents of Mumbai, where exemptions apply for properties up to 700 square feet. Rajendra Datey Patil from the ‘People’s Forum for Social Cause’ has formally requested a property tax waiver for homes up to 1,000 square feet in Chhatrapati Sambhajinagar through a memorandum submitted to the state government. “Although this proposed waiver could affect the municipal corporation’s finances, alternative funding sources can be explored to address the shortfall. We anticipate that the municipal corporation will pass a resolution in favor of this waiver and…

Latest StoriesRegulatory

Hubballi-Dharwad aims to collect ₹333 crore in FY27 taxes

HUBBALLI: The Hubballi-Dharwad Municipal Corporation (HDMC) unveiled a surplus budget of ₹7.7 crore for the financial year 2026-27 in Hubballi on Monday. The budget estimates a revenue of approximately ₹1,603.2 crore against an expenditure of ₹1,594.4 crore, positioning it higher than other corporations in the state, except those in Bengaluru. Meenakshi Vantamuri, chairperson of the taxation, finance, and appeal standing committee, presented the budget to applause from BJP members. However, opposition Congress members expressed skepticism regarding the data within the budget document. The budget aims to generate ₹897 crore from the corporation’s own resources and anticipates receiving ₹706 crore in…

CommercialLatest Stories

Punjab to Develop Mohali as Tier-I IT Hub

CHANDIGARH: A session focused on Information Technology and IT-enabled Services took place on the final day of the Progressive Punjab Investors’ Summit 2026, positioning Punjab as a leading hub for tech investments and digital progress. During the session, Seema Bansal, vice-chairperson of the Punjab Development Commission (PDC), stated, “The Punjab government is committed to establishing Mohali as a Tier 1 town within the IT sector.” “The state administration is prioritizing key areas like governance, academia, and infrastructure to realize this vision,” she added. Bansal also noted that several manufacturing firms in the state have begun incorporating AI technologies into their…

InfrastructureLatest Stories

Pune’s Hinjewadi-Shivajinagar Metro Line Delayed Again

Representative AI image PUNE: The completion of the 23-km third Metro corridor, which connects Hinjewadi to Shivajinagar, is unlikely to meet its target of March-end. Officials from the Pune Metropolitan Region Development Authority (PMRDA) now suggest that full passenger services may not commence until June or July. This project, developed under a public-private partnership (PPP) with Tata Group-led Pune IT City Metro Rail Limited, is currently approximately 94% complete. Initially, the project was set for completion by the end of March, with operations beginning in April after trial runs. “While trial runs are underway, significant work remains, especially at various…

Latest StoriesRegulatory

Lucknow to Impose 12% Interest on House Tax Defaulters

Here’s a rewritten version of the content: LUCKNOW: The Lucknow Municipal Corporation (LMC) has announced that a 12% interest fee will be imposed on house tax defaulters who do not pay by March 31. Additionally, strict measures will be enforced against those who postpone payment. The municipal body initiated an awareness campaign in Zone-3 of the city on Sunday, aiming to inform residents about the deadline to help them avoid penalties. A rally featuring e-rickshaws and sanitation vehicles was conducted across six wards: Lala Lala Lajpat Rai, Mahanagar, Vivekanandpuri, Daliganj, and Nirala Nagar. To assist taxpayers, LMC has declared that…

InfrastructureLatest Stories

Panel to Address Property Tax Issues in Merged Pune Areas

PUNE: On Monday, Mayor Manjusha Nagpure announced the formation of a committee to address property tax concerns from citizens in merged areas. The committee will engage with representatives from these areas to formulate suggestions regarding property tax. The state government has halted property tax collection from these merged areas following citizen complaints about exorbitant taxes imposed on both residential and commercial properties. Mayor Nagpure stated that the Pune Municipal Corporation (PMC) would consult the state government on this matter. During the meeting, citizens and their representatives voiced that properties were being taxed excessively. They argued that taxes were assessed without…

InfrastructureLatest Stories

Haryana Targets Ambala Expansion with 6,600-Acre Buyback

Representative AI image AMBALA: The Haryana government has initiated plans to acquire over 6,600 acres of land as part of a significant urban expansion project for Ambala. This digital acquisition effort aims to create new residential and commercial hubs. The Haryana Shehri Vikas Pradhikaran (HSVP) is allowing farmers from seven prominent villages to sell their land via the state’s e-Bhoomi portal. In contrast to traditional compulsory acquisitions, this approach permits landowners to voluntarily express their interest and propose their own “desired price.” This initiative marks a major drive to modernize the infrastructure in this historic city, positioned at the border…

Latest StoriesRegulatory

1.6 Lakh Notices Sent to Telangana Property Tax Defaulters

Representative AI image HYDERABAD: Civic authorities in the Core Urban Region (CURE) are stepping up efforts to collect overdue property taxes as the fiscal year 2025–26 approaches its end, sending numerous notices to defaulters. In the past 15 days, the Greater Hyderabad Municipal Corporation (GHMC), the Cyberabad Municipal Corporation (CMC), and the Malkajgiri Municipal Corporation (MMC) have issued approximately 164,000 demand notices to property owners who have not settled their dues. Out of nearly 2.88 million property tax assessments in the city, around 40% remain unpaid for the current financial year. Additionally, the total outstanding amount is alarming. While the…

Latest StoriesRera

MahaRERA clears 6,945 homebuyer complaints, tackles backlog

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) announced on Monday that it has addressed 6,945 complaints over the last year. This announcement comes after concerns were raised in the state assembly regarding the backlog of homebuyer grievances and the sluggish recovery of dues from non-compliant developers. Officials reported a significant increase in the complaint resolution rate, highlighting a faster pace of hearings in the past two years. Approximately 6,000 complaints still await resolution, but hearings have begun for nearly all cases except those lodged in the last two months. The rise in complaints and the delay in executing recovery…

Latest StoriesRegulatory

Bombay HC Rejects Koli Societies’ Slum Redevelopment Challenge

MUMBAI: The Bombay High Court has dismissed a petition filed by two societies representing the Koli community from Danda Koliwada, a fishing village in Khar West. The petition challenged a court-appointed committee’s determination that slum redevelopment would not negatively impact their activities. Justices Makarand Karnik and Shriram Modak remarked that the societies’ challenge to the committee’s findings and requested reliefs involved intricate fact-finding and the need to evaluate evidence. They noted, “Hence the dispute raised by the petitioners can only be resolved before the competent civil court, and it is not possible for us to examine such disputes under writ…