What is CIDCO? CIDCO, the City and Industrial Development Corporation of Maharashtra, is India's wealthiest government authority, established and governed by the Government of Maharashtra in 1970. Initially created to develop a satellite town for Mumbai, it now functions as the New Town Development Authority (NTDA) and Special Planning Authority (SPA) for the Government of Maharashtra. CIDCO is...
What is MHADA? MHADA, which stands for Maharashtra Housing and Area Development Authority, is a housing initiative designed to provide residents of Maharashtra with affordable access to residential properties. Eligibility for this scheme is determined through a lottery system. This comprehensive guide covers the MHADA lottery, offering insights into the scheme's purpose, advantages, eligibility...
Property tax is a levy imposed by Pune Municipal Corporation (PMC) on property owners, determined by the assessed value of their real estate. It's an annual tax used to finance public services and infrastructure projects such as schools, roads, and emergency services. The tax amount is calculated by multiplying the property's assessed value by the applicable tax rate set by the local government. Rates and...
About Pune Metropolitan Region Development Authority (PMRDA) The Pune Metropolitan Region Development Authority (PMRDA) serves as the official entity overseeing the ongoing plans and development activities throughout the Pune Metropolitan Region. Established in the first quarter of 2015, this authority has jurisdiction over an expansive area of 7,256.46 km2 or 2,801.73 square meters. With a...
Property registration is the official and legal procedure through which details of a real estate transaction are formally recorded with the government. This process is vital for verifying rightful ownership and facilitating the transfer of property rights from the seller to the buyer. In Maharashtra, property registration typically takes place at the local Sub-Registrar Office within the property's...
Buying a house can be an overwhelming experience, both financially and emotionally. Right from financing the purchase to selecting the builder, it encompasses numerous aspects. To help you through the process, here we share with you a step-by-step guide to buying a house. Step 1: Determine your budget The initial step involves determining your budget for a new home. Factors such as your...
Acquiring your first home is often one of the most demanding and costly transactions you'll undertake in your life. However, by making sound decisions, planning ahead, and fully comprehending your choices, it can become a relatively rare occurrence. Simply feeling ready to take the leap into homeownership doesn't automatically translate to genuine readiness. The process involves a level of financial and...
Need of Purandar International Airport Pune The Lohegaon Air Force Station functions as a highly secure international airport, resulting in a discrepancy between the demand for international flights from Pune residents and the limited availability of such flights. Additionally, the operation of a single terminal has frequently been cited as a cause of numerous flight delays and cancellations. Despite...
Carpet area, built-up area, and super area are common terms in real estate, each describing different aspects of a property's measurements. When navigating the realm of real estate, terms like Carpet Area, Built-Up Area, and Super Area play crucial roles in understanding the space you're considering. Here’s an in-depth look at each: 1. Carpet Area: Definition: Carpet Area refers to the usable area...
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