#RealtyNewsRoundup: BMC To Impose Property Tax On Slum Properties

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Top News

From April this year, Brihanmumbai Municipal Corporation (BMC) will charge property tax on slum properties in the city for the first time, The Indian Express reported. Depending on the size and type of huts, slum owners will have to pay between Rs 2,400 and Rs 18,000 as property tax annually. Read more

Jaypee Infratech Ltd has completed the construction of 5,300 apartments along Noida-Greater Noida Expressway and it plans to hand over possession in two months. The company has a backlog of nearly 27,000 apartments. It delivered 1,700 plots by end of 2015. It claims that at least 7,000 more apartments will be handed over in 2016. Read more

Off the frontpage

US-based fund Oppenheimer has bought 51 lakh shares, worth about Rs 56 crore, of DLF through open market transaction, PTI reported. After the acquisition of these shares, Oppenheimer's stake in DLF has increased to 7.30 per cent from 7.01 per cent. Read more

Nearly 300 home buyers from various developer projects in Noida's Sector 107 held a protest in front of Noida Authority's office on Tuesday regarding stalled projects. The protesters hosted a street drama, and left toy houses at the gates as a mark of protest. Read more