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Real Estate News in Tier II & III Cities

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  • Re : Real Estate News in Tier II & III Cities

    Fire & rescue department issues show-cause notices to 112 buildings in Madurai

    Officials from the fire and rescue department said that at least 500 buildings were inspected by separate teams in the last one week.
    MADURAI: Fire and rescue services has issued show-cause notices to 112 commercial buildings in and around Masi Streets in Madurai city after an inspection by its officials found various shortcomings in fire safety.

    Officials from the fire and rescue department said that at least 500 buildings were inspected by separate teams in the last one week. Director of fire and rescue department M S Jaffar Sait had instructed officials in all the districts in the state to carry out such inspections and find out buildings, which are non-compliant to fire safety standards.

    The drive was initiated in the wake of the recent fire accident in the city, in which two firefighters lost their lives in line of duty. The firefighters died while extinguishing fire at a textile store in Navabathkhana Street near Vilakkuthoon on November 14.

    K Kalyana Kumar, Madurai district fire officer, said, “The inspection is still going on. Two assistant district fire officers from other districts have also joined the operation. The show-cause notices were served on buildings lacking fire safety equipment, alternative exit and those with old and faulty electric line.”

    Another official said that mostly buildings, which are more than 40 years old and large shops in narrow lanes, are also being checked. They also met Madurai Corporation commissioner urging the corporation to take action against buildings that are not stable. He said, “Only corporation officials are competent to look after the stability of a structure. The unstable buildings should be brought down.”

    The corporation officials have also initiated an inspection to check the stability of old buildings in Masi Streets and nearby streets. Notices have been served to weak structures. So far, 25 such buildings were brought down, said the official.















    https://realty.economictimes.indiatimes.com/news/regulatory/fire-rescue-department-issues-show-cause-notices-to-112-buildings-in-madurai/79316727


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    • Re : Real Estate News in Tier II & III Cities

      Unique code for each property to help Kanpur civic body increase tax collection

      The unique code system would also check the manipulation in house tax assessment and is likely to be enforced in the entire state, said municipal corporation sources.
      • TNN
      • November 30, 2020, 11:00 IST

      KANPUR: Your house or commercial property will soon be assigned a unique code number that would be exclusive in the entire state and would contain all the identification details of the property.

      The state government has taken the house tax evasion seriously and decided to allot a unique code to each house so that none are left out of the ambit of house and general tax and all properties, both residential and commercial, are brought under tax net.

      The unique code system would also check the manipulation in house tax assessment and is likely to be enforced in the entire state, said municipal corporation sources.

      As per information, each house will have a unique code in the state consisting of 16 digits and a letter.

      The first two numbers would denote the state. The next three digits (3,4 & 5) would be code of the local body, sixth and seventh will represent zones, and eighth, ninth and 10th would represent the ward.

      The digits from 11 to 16 will be code of the property and 17 will be a letter, R, N or M. R will represent residential, N would indicate non-residential and M will be mixed (residential-cum-non-residential) and would indicate whether the property is residential or commercial.

      Several corporators said that more than 70,000 houses in the city are out of tax net due to laxity of KMC employees. Bringing them under the tax net would increase the income of KMC, they claimed.

      Navin Pandit, a local corporator, welcomed the unique code system and said correct assessment of tax would improve the financial state of the municipal corporation.

      The code would clearly demarcate whether a property is residential or commercial or mixed. At present, several residential houses are being used for commercial purposes, but are still paying tax on residential rate.

      Kanpur Municipal Corporation has hired a Lucknow-based firm to conduct a survey to collect all details of each house. The company has so far completed the survey in five out of 110 wards in Kanpur.














      Unique code for each property to help Kanpur civic body increase tax collection, Real Estate News, ET RealEstate (indiatimes.com)
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