Results for #city
Regulations
#city
How can we ascertain whether a prpoerty in mumbai city limits comes under Estate or not?
How can we ascertain whether a prpoerty in mumbai city limits comes under Estate or not?
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Answered on November 08, 2017
The Development Plan Remarks (SRDP 1991) Remakrs would specify so and also mention to take Estate Remarks, additionally the PRC would also metion Land Holding by Estate Department in Revenue Document and Also would be visible in Title Documents.
Taxes & Duties
#sell#flat#city#capital#implications
I bought an apartment seven years ago jointly with my husband. Now if I sell this flat and buy another flat in the same city itself, what are the capital gains implications on this transaction?
I bought an apartment seven years ago jointly with my husband. Now if I sell this flat and buy another flat in the same city itself, what are the capital gains implications on this transaction?
Answered on November 08, 2017
There would be no capital gain tax if you sell the old residential flat and buy another residential flat as the capital gains can be claimed exempt u/s. 54 of the Income Tax Act. The exemption will be to the extent of investment in the new residential flat or the long term capital gains arising on sale of old flat, whichever is lower. If the investment is lower than the long term capital gains,...
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Others
#paid#token#residential#property#city
A week ago, I paid the token on a residential property I was planning to buy. Now due to some reason I have to move to another city. Is it justified for me to expect a 100% refund, since it has only been a week?
A week ago, I paid the token on a residential property I was planning to buy. Now due to some reason I have to move to another city. Is it justified for me to expect a 100% refund, since it has only been a week?
Answered on November 08, 2017
Yes, you can demand the refund unless a written document exists between the two of you that has included a forfeiture clause within the same
Purchase & Sales
#mumbai#prices#smartcity
Will Mumbai real estate prices be affected by the Smart Cities initiative?
Will Mumbai real estate prices be affected by the Smart Cities initiative?
Answered on November 08, 2017
It may, if, a) smart cities offer better quality life in terms of Education, Health, Fairly priced Accommodation and Job/Business opportunities; b) there is a good connectivity with Mumbai city.
Regulations
#fsi#policy#applicable#mumbai#city
What is Mhada FSI policy applicable in Mumbai city? Is it true we can get more than 2 FSI there?
What is Mhada FSI policy applicable in Mumbai city? Is it true we can get more than 2 FSI there?
Answered on November 08, 2017
The MHADA Buildings as per DCR 33(5) eligible for aditional FSI. Recently the Govt of Maharastra brought in Revised Noms on 3rd july 2017 wherein the Fsi is Proposeed to be up to 4.00 for Plots more than 4000 smts and on roads more than 18mtrs. And up to 3.00 for plots less than 4000 smts.
