PROPERTY TAX NEWS

HC scraps 3 rules for assessing property tax

Publication: TIMES OF INDIA Date : 25 APRIL 2019

Mumbai: The Bombay high court on Wednesday upheld a decade-old law that changed how property tax in Mumbai is assessed, but struck down three rules for assessment of capital value of lands and buildings.

Bombay HC nixes BMC’s capital value rules for property tax

Publication: THE ASIAN AGE Date : 25 APRIL 2019

Mumbai: The Bombay high court Wednesday struck down certain rules enacted by the Brihanmumbai Municipal Corporation (BMC) for assessment of capital value of a property, based on which, property tax can be levied.

CITY NEWS

AT HAJI ALI AND WORLI A SEA CHANGE

Publication: TIMES OF INDIA Date : 25 APRIL 2019

The Coastal Road project will transform Mumbai’s western shoreline. TOI studied four project sites between Nariman Point and Worli to create visual representations of the changes likely to take place within four years. This is the fourth part of the series

REALTY NEWS

Indiabulls Real Estate rises on $258 million London property sale

Publication: ECONOMIC TIMES Date : 25 APRIL 2019

Indiabulls Real Estate shares rose as much as 11 per cent to Rs 117.2 in Wednesday's session after the company said it is to divest Century Ltd, the firm that houses Hanover Square property, London, to its promoter for 200 million pounds ($258.7 million).

Yes Bank Leases Office Space in Navi Mumbai

Publication: ECONOMIC TIMES Date : 25 APRIL 2019

Mumbai: In the largest tenure lease deal ever in India, private sector lender Yes Bank has picked up over 2.30 lakh sq ft office space in Navi Mumbai for a total of 21 years, said two persons with direct knowledge of the development.