am planning to buy an apartment from a reputed builder in bangalore, the builder is collecting some amount towards the service tax. i request u to kindly clarify my doubt and sujjest me also how it is implied. coz i happened to hear that there is no service tax applicable for any of the apartments in bangalore. awaiting for ur answer..
I’ve purchased a new flat and Registration to my name is done.
But the property tax bill comes on the name of builder.
What should i do to get the property tax bill come on my name in GHMC [Hyderabad]?
if a 3 yr old bldg is still under builder’s possession , who has not given OC to the members of society, who should pay the property tax for all these 3 yrs( 2006 to till date ) if he refuse what action we should take?
Just waiting for them to supposedly settle it and no taxes paid on the house for a few years (only the property taxes no real estate). Who will be responsible for the taxes?
Our society has decided to go for redevelopment of our building and a builder will pay us Rs. 10 lakhs and give a new flat each. The new flat will be given for possession only after 2-3 years. However the 10 lakhs is being paid to each of us in slabs. By Mar’10 I will receive close to 4 lakhs. Do I have to pay Income Tax or Capital Gains tax on this?
I have purchased a flat from a builder in PCMC Pune. Full payment has been made however the occupation certificate is yet to be issued by PCMC. From which date I will be liable to make the payment of property tax to PCMC. The date of registration of agreement /date of issue of occupation certificate/ or date of formation of society.
I am planning to buy a flat on bank loan. I’ve checked with various banks about my eligibility and it’s fine.Builder in whose building i’ll buy flat, is insisting that i take loan from a particular bank which has already approved his project. He says it will cut hassles for him and loan will get processed faster. Do you think it’s fine to go with the bank builder is suggesting? Or should i go with different bank as it will again check all the legal docs of building?
What are the things that should be checked in a sale deed.
If suppose after 30/40 years the building has to be rebuild or it is destructed due to some reasons, will we be the owner of the apartment. How will we claim to be the owner of the apartment.
Actually my society is thinking of redevelopment of the society and i have a single room of nearly 100 sqft. It is ownership flat and i have heard different views from different people. I have heard that minimum a builder has to give for small flats is 250 sqft.
Can Any One give any idea on this, will be of great help. Thank You.
“Builder lobbying” is the concept where a common man buys his dream home at “hyped rate” which is much much above mere construction cost. (on loan with heavy interest) & builders feed politicians who are corrupt (to fulfill statutory requirement to construct)