Tag: Prayagraj

Latest StoriesRegulatory

Prayagraj to Launch OTS Scheme for Property Tax Defaulters on Aug 15

PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) is set to launch a one-time settlement (OTS) scheme for outstanding house, water, and sewer tax dues from August 15 to December 15. Under this state government-approved scheme, property owners can clear their pending dues in three installments by submitting their applications between August 15 and November 14. Applications must include a 30% deposit of the total outstanding dues as the first installment within one month of applying. The remaining balance can be settled in two further installments. The benefits of the OTS program will be applicable only once the final installment is paid.…

Latest StoriesResidential

UP CM hands out approval letters to Awas Yojana beneficiaries in Pratapgarh

PRAYAGRAJ: During his visit to neighboring Pratapgarh on Tuesday, Chief Minister Yogi Adityanath presented benefits and approval letters to several beneficiaries under various government schemes. The CM inaugurated and laid the foundation stone for 111 projects valued at Rs 384 crore. Shraddha Pandey, the top scorer of the Bihar Public Service Commission (BPSC) examination, was gifted an iPad. Shivam Yadav received an approval letter for the Mukhyamantri Bal Seva Yojana, and Meenu Kumari also received an approval letter under the same scheme. Furthermore, Hemlata Saroj was granted an approval letter under the Mukhyamantri Awas Yojana (rural). Other beneficiaries included Reena…

IndustryLatest Stories

100+ Builders Target Housing Projects in Prayagraj: 2,000 Flats

PRAYAGRAJ: The city’s real estate market is set for significant development, with over 100 builders nationwide showing interest in launching residential projects as part of the Prayagraj Development Authority’s (PDA) group housing initiative. The robust interest signals an expansion in housing options for locals in the coming two to three years. The PDA has called for applications from private developers to build group housing on unused land in its residential schemes. Despite the application deadline being June 22, 104 builders from Noida, Gurugram, Delhi, Haryana, Bihar, Madhya Pradesh, and various districts in Uttar Pradesh, including Lucknow, Kanpur, Bhadohi, Azamgarh, Chitrakoot,…

IndustryLatest Stories

Prayagraj: PDA Reviews 10-Year Property Notices for Regularization

Representative AI image PRAYAGRAJ: The Prayagraj Development Authority (PDA) has initiated a significant review of notices issued over the past decade regarding properties in violation of building bylaws, approved maps, land-use norms, and other development regulations. This exercise, directed by PDA Vice-Chairman Rishi Raj, involves a thorough examination of old records to identify buildings that may now qualify for regularization under the relaxed provisions of Master Plan-2031. As part of this process, the PDA is reassessing notices issued to over 30,000 property owners. Many of these properties were previously deemed in violation of construction regulations and could not be regularized…

InfrastructureLatest Stories

U.P. Cabinet Greenlights Funds for New Cities in Agra, Bareilly, Prayagraj

LUCKNOW: The Uttar Pradesh Cabinet greenlit proposals to allocate funds for the planned and comprehensive development of new cities in Agra, Bareilly, and Prayagraj under the Chief Minister Urban Expansion/New City Promotion Scheme. This decision was made during a Cabinet meeting led by Chief Minister Yogi Adityanath, as stated in an official announcement. For the financial year 2026-27, a budget allocation of ₹3,500 crore has been established for the scheme. As part of this initiative, seed funding of up to ₹355.06 crore has been sanctioned for agencies involved in the new city projects in Agra, Bareilly, and Prayagraj, with ₹225…

Latest StoriesResidential

Prayagraj to launch OTS for house tax arrears in June 2026

PRAYAGRAJ: Over 90,000 property owners in Prayagraj are set to benefit from a significant relief in house tax dues as the Municipal Corporation gears up to introduce a One Time Settlement (OTS) scheme in the first week of June. This initiative will waive interest on outstanding house tax amounts for both residential and commercial properties, offering substantial aid to many defaulters throughout the city. Officials estimate that nearly ₹90 crore in accumulated interest may be waived under this scheme, which will be available for four months until September. The city boasts more than three lakh registered properties; however, around two…

IndustryLatest Stories

Prayagraj launches OTS program for defaulters to clear dues

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has introduced a significant relief measure for numerous allottees in its housing and plot schemes by launching the One-Time Settlement (OTS) scheme aimed at clearing long-standing dues. Officials report that 317 defaulters owe a total of approximately Rs 41 crore. These defaulters are individuals who acquired flats or plots but have not adhered to their payment instalments. As a result, interest has accumulated, with some cases seeing the compounded interest nearly matching the original property costs. In many instances, the plot registries were completed, but the freehold processes remained incomplete, which caused further delays…

Latest StoriesResidential

Prayagraj: PDA Permits Family Members to Buy Flats Together

PRAYAGRAJ: In a pivotal move aimed at enhancing housing accessibility and encouraging the sale of unsold properties, the Prayagraj Development Authority (PDA) has introduced the long-anticipated Model Costing Guidelines. This new policy permits multiple family members to buy separate flats or houses under its residential schemes. This change represents a significant shift from prior regulations that restricted allotments in PDA housing projects to just one family member. Officials pointed out that no significant guidelines governing property transactions in development authority schemes have been introduced since 1999. This reform is thus considered a landmark decision after 26 years, having been officially…

Latest StoriesResidential

Prayagraj Offers Property Tax Relief for New Buildings

PRAYAGRAJ: In a significant move for property owners, the Prayagraj Municipal Corporation (PMC) is set to introduce tax benefits for newly constructed residential buildings in the city. A 25% tax rebate will be offered on the annual rental value assessment of these new properties, leading to a corresponding reduction in house tax for qualifying owners. The decision was made during a meeting led by Chief Tax Assessment Officer Sanjay Mamgai, involving tax superintendents and departmental staff. Officials were instructed to apply the 25% concession when evaluating even newly built houses. However, this benefit is exclusive to purely residential properties, excluding…

Latest StoriesResidential

Prayagraj Offers Tax Rebate Only for Resident Homeowners

PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) has announced that property tax exemptions will be available only to owners of self-occupied residential buildings occupied by their families. Properties that are rented out or generate income in any other way will not qualify for this exemption. PMC intends to begin verifying applications from eligible property owners within this month. According to PMC Chief Tax Assessment Officer Sanjay Mamgai, property tax exemptions have traditionally been available for self-occupied properties older than 20 years. Property owners must submit applications, followed by on-site inspections by municipal teams to verify claims. Mamgai noted that the municipality…