Vasupujya Corporation

Following a fire in Deonar dumping ground in 2016, the Mumbai High Court had banned new constructions and asked the Brihanmumbai Municipal Corporation (BMC) to devise a debris management plan. The BMC has now asked the developers to submit a debris dumping plan before the authority for seeking No-Objection Certificate (NOC) for construction. The developers will be required to identify a dumping site before starting the construction which will be inspected by the BMC and mentioned in the Intimation of Disapproval Certificate (IOD). Builders who generate small quantities of debris are exempted from this new rule.

The Brihanmumbai Municipal Corporation will be sending each resident a separate property tax bill in place of sending a consolidated bill to the housing society. Typically, residents' welfare associations of housing societies collect property tax from members and deposit it with the municipal body. However, the new rule would apply to only buildings, which have received an occupation certificate after April 2018.

Masala bonds are offered and settled in the US dollars to raise Indian currency from global investors for infrastructure development to be undertaken in India. It, therefore, is beneficial for offshore investors who are looking at an exposure in Indian assets. With housing finance companies issuing masala bonds, revival for real estate may be on the cards.

The Municipal Corporation of Gurgaon on April 10 sealed four banquet halls — Vatika Garden, Shyam Vatika, Lotus Garden and Yadav Garden. Together, the four operators owe the municipal body about Rs 51 lakh as property tax. This is the first time in a decade that the MCG has initiated such an action —many of the banquet hall owners have not paid their property tax for 10 years now.  

To monitor illegal construction, the Brihanmumbai Municipal Corporation (BMC) is now making use of technology. After its failure to curb rising illegal construction in India's financial capital, the municipal corporation is now using Light Detection and Ranging technology to video-record each property with a 360° view. While sizing up the property, the technology will also enable the BMC to measure the road on which a building is standing - this will help it make sure no encroachment of public land takes place.