Tag: Prayagraj

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…

InfrastructureLatest Stories

Prayagraj to Establish Project Unit for Efficient Urban Development

PRAYAGRAJ: The Prayagraj Development Authority (PDA) is preparing to set up a project management unit (PMU) tasked with developing structured and technically sound plans for the ongoing and future residential projects. This initiative aims to integrate essential infrastructure—such as sewer lines, roads, and drinking water pipelines—right from the planning stages. Following the successful models implemented in cities like Lucknow, Gorakhpur, Ayodhya, Agra, and Kanpur, the PMU will include professionals with strong backgrounds in civil engineering and urban planning. The authority plans to issue a tender to appoint the PMU for an initial one-year term, with the process expected to commence…

Latest StoriesResidential

1,000+ Flats for Urban Poor in Prayagraj Under PMAY

PRAYAGRAJ: The Prayagraj authorities are making strides to enhance housing for the urban poor by planning the construction of over 1,000 flats under the Pradhan Mantri Awas Yojana (PMAY) Phase II. Led by the Prayagraj Development Authority (PDA), efforts are underway to identify land which will be provided by the municipal corporation and district administration. The PDA has engaged with relevant departments to expedite the process. Several potential locations have been earmarked for the initiative, including a 4,000 sqm plot near Dhobighat, around four bighas in Peepal Gaon, and approximately 3,000 sqm in the Khuldabad area. Additionally, discussions are in…

Latest StoriesResidential

Prayagraj body to revise unsold flat rates and simplify rules

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has announced plans to adjust the prices of its unsold residential units to rekindle interest among potential homebuyers. This decision was made during the PDA’s board meeting on Wednesday. Chairing the session, divisional commissioner Saumya Agarwal instructed officials to review house pricing in line with government-issued costing guidelines and current market conditions. Previously, PDA had frozen the property prices, a move that did not attract buyers. The board has also endorsed proposals to amend discrepancies in the city’s Master Plan 2031. Currently, regulations in upscale neighborhoods like Civil Lines, Georgetown, and Tagore Town restrict…

CommercialLatest Stories

Prayagraj Junction: Future Major Commercial Hub with 7 Floors for Lease

Representative AI image PRAYAGRAJ: Prayagraj Junction is poised to become a significant commercial hub as part of its redevelopment initiative. The railway authorities are getting ready to lease a substantial portion of the newly constructed station building to private investors for a period of 45 years. This redevelopment project, costing approximately Rs 960 crore, is one of the largest in the country. The Rail Land Development Authority (RLDA) has released an e-tender for the commercial development of the seven floors in the newly built nine-storey structure on the Civil Lines side of the station. Commercial activities will be permitted from…

Latest StoriesResidential

Prayagraj to Offer House Tax Rebates for Old Buildings

PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) has approved a 40% house tax rebate for buildings older than 20 years within the urban limits. The decision, made unanimously during a meeting on Tuesday, ensures property owners will automatically qualify for the rebate without any application process. This measure is set to take effect in April 2026. This initiative is expected to aid residents in older neighborhoods such as Kidganj, Daraganj, Rambagh, Bairhana, Chowk, Shahganj, Kareli, Malviya Nagar, Mundera, and Chakia, which contain numerous buildings over two decades old. Additionally, the house authorized a One-Time Settlement (OTS) proposal for significant house tax…

Latest StoriesResidential

Prayagraj: New Fixed Fee System Eases Property Mutation Costs

PRAYAGRAJ: The Prayagraj Municipal Corporation has introduced a fixed-fee system for property mutation, providing significant relief to property owners by replacing the previous percentage-based charges. The new fee structure came into effect following its publication in the official gazette on Friday. Under this revised system, property owners will pay a consistent fee rather than 0.5% of the property’s total value. For properties valued at over Rs 50 lakh, the mutation fee is capped at Rs 10,000, significantly alleviating the financial burden on buyers. Municipal officials stated that this proposal was approved by the municipal corporation approximately seven months ago. The…

IndustryLatest Stories

375 Hectares in Jhunsi & Hetapatti Designated for Housing

Representative AI image PRAYAGRAJ: The Prayagraj Development Authority (PDA) has designated around 375 hectares in the Jhunsi and Hetapatti areas for future residential and commercial development. Civic body officials reported that approximately 250 hectares in Jhunsi, encompassing the villages of Mukundpur, Chakia Hinauta, and Chak Hinauta, have been identified under the Chief Minister’s urban expansion initiative. Over 500 farmers will be impacted as land acquisition is planned. In Hetapatti, 125 hectares of land across Neemarmee Khurd, Narayanpur, and neighboring areas have also been earmarked for acquisition. Rishiraj, the vice-chairman of the civic body, conducted site inspections on Thursday and informed…

IndustryLatest Stories

No More Land Swap: Prayagraj Body to Refund Plot Buyers with Interest

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has made a significant announcement impacting thousands of homebuyers. The authority will no longer provide alternate land to allottees in its residential schemes who bought plots but did not take possession. Instead, they will receive a refund of their payments along with interest, promoting transparency and financial relief. The official announcement, released on Friday, is anticipated to affect approximately 8,000 allottees across different residential projects. Homebuyers interested in participating in a new residential scheme can apply to have their prior payment credited towards the new allotment. The PDA has clarified that alternate plots will…