Property for Sale in Satellite

The upcoming Navi Mumbai Airport, which is regarded as Asia’s largest public-private partnership airport project, has significantly impacted the realty developments in the neighbouring regions.

To keep tabs on tax defaulters and track unauthorised constructions in and around a city, many municipal corporations are warming up to the use of satellite images through Geographic Information System.

In the Economic Survey 2016-17, a contraction in cash supply and a slowdown in growth are termed as the costs that would give way to “benefits”, including increased digitalisation, greater tax compliance and a reduction in real estate prices.

When it comes to owning a home in a city, most of the professionals make big compromises in their living standards.

While many cities of the country witnessed a surge in property tax collection post the government’s demonetisation drive, there were some that had gone the digital way for submission of property tax. There were many such developments that took place in the property tax regime in the top nine cities in 2016. Here are some such key developments.