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TNN | Mar 26, 2015, 12.58 AM IST MUMBAI: Immovable property — land, house or flat — can now be transferred to one's children or blood relatives without paying stamp duty for registration. This will come as a major relief as families won't have to pay a 5% of the ready reckoner rate of the property as stamp duty. Making the announcement, revenue minister Eknath Khadse said an affidavit on a Rs 100 stamp paper would suffice. He later changed it to Rs 500 as the government no longer deals in Rs 100 stamp paper for property matters. In other decisions announced in the House on wednesday , those with 500sq ft or smaller homes do not have to pay the increased property tax and the government will allow twice the transfer of development rights to a landowner in lieu of land surrendered for a public amenity. Replying to a discussion on the budgetary allocation for the urban development department, chief minister Devendra Fadnavis said the government is framing a new poli

Auditing documents of a housing society is a cumbersome process. However, if one follows guidelines, the process can be made easier Are the tedious procedures in auditing of your co-operative housing society taking a heavy toll on your personal time and energy? It's not only the key `administrators' like the chairman and treasurer involved in managing the society, but each and every member of the society needs to be ready with paperwork, prior to auditing. Protocols to be followed for the seamless functioning of the society, are decided in the annual general meeting. Despite maintaining all the financial statements as decided in the meeting, even if there is the slightest slip-up in the documentation, the whole process goes for a toss and this matters a lot, especially when you are tied up with several other things in your personal and professional life. A systematic auditing process for the members of a housing society gives a feeling of assurance among its members that th

PUNE, DHANORI, The area has almost 70 per cent of properties ready for end-users Are you looking for ready to-move-in projects in the North-Eastern parts of Pune? Dhanori is one locality that you may want to consider.Magicbricks research data reveal that out of the total properties present, almost 70 per cent of properties are ready to movein for end-users. PROPERTIES ON OFFER Most of the ready-to-move-in properties in Dhanori offer 1BHK and 2BHK units. The 1BHK units sized 500-700 sq ft fall within the budget range of Rs 27 lakhRs 40 lakh. For a 2BHK unit sized 850-115 sq ft, one may have to spend Rs 30 lakh to Rs 60 lakh. So, does this mean one can negotiate while buying a property in Dhanori? Since, there are plenty of housing options available currently in the area, industry experts say that one can easily negotiate up to 10-15 per cent here. WHY DHANORI? With the advent of IT establishments within the city, the real estate face of Dhanori has transformed. “A huge influx of

Pune: TIMES NEWS NETWORK   State Claims PMC Got Enough Extensions, But Failed To Stick To Deadline The state government on Friday took over the Development Plan (DP) for the old city areas and appointed a three-member committee headed by divisional commissioner S Chokalingam to prepare a plan.The state reasoned that the civic body had failed to complete the procedure within the stipulated period and refused any further extension. Mayor Dattatreya Dhankawde said the PMC would challenge the decision in court. CM Devendra Fadnavis said, “As per the (MR&TP) Act section 30, it is observed that PMC is unable to present the DP to the state government within the extended period of March 19, 2015. Hence, as per the section 162, a committee of three members under the chairmanship of Pune divisional commissioner comprising municipal commissioner of Pune and town planning joint director will complete the remaining work (of the plan) and submit it to the government as p

By:  Express News Service  | Pune |  Updated: March 1, 2015 2:39 am Pune, The long wait for a metro rail in the city seems to be coming to an end. The union government has a plan outlay of Rs 126.58 crore, equity of Rs 70.38 crore and loans of Rs 56.20 crore for the Pune metro rail in the 2015-16 budget. The metro rail service for Ahmedabad, Lucknow, Jaipur, Vijaywada and Vizag too has been included in the expenditure budget of the union government. Nagpur metro is also on government’s agenda as the plan outlay for Nagpur metro rail is estimated at Rs 143.85 crore. The DMRC submitted the detailed proposal for Pune metro rail in 2009 with an estimating project cost of Rs 7,984 crore. It was revised last year to Rs 10,183 crore. Now, the DMRC has estimated the cost to be Rs 10,869 crore for the two routes from Swargate to Pimpri-Chinchwad and Vanaz