80% Commercial properties wrongly estimated for stamp duty by SMC

SMC may conduct an assessment drive for the properties all over again because according to vigilance staff after their second random survey, 80 per cent of them have been wrongly assessed out of 1.75 lakh commercial properties registered. This has resulted in a huge revenue loss to the SMC. The first random...

Rise in Realty Deals as well as Stamp Duty in Surat

Surat’s stamp duty collection is going up. There was a surge in realty deals across the Surat city. Collection for the first five months of the financial year is Rs 245 crore, which is Rs 80 crore higher than the corresponding figure for the last year 44,281 documents were registered during this...

Surat does not have a single highrise building!

In Surat the builders are not getting permissions to make more than 12 floor buildings while mumbai roaring with these super high rise. As per new definition a building of above 12 floors is classified as a mid-rise, and buildings with 25 floors or 90 meters (295 ft)in height are classified as high-rises. As...

Tapi riverfront development project in Surat will add a new dimension to Surat

On January 25 as part of golden jubilee of Gujarat’s statehood a foundation stone for the Rs 44 crore projects to convert river Tapi into an environment protector and a centre for public recreation and entertainment on the lines of Sabarmati riverfront project in Ahmadabad by Surat Municipal...

Chowk Bazar soon to be the new Heritage Zone of Surat

The city’s first heritage zone’s project under the heritage policy of the Surat Municipal Corporation (SMC) and Chowk Bazar blueprint is now ready for the development. Under this project, 11.5 hectares of land around the fort will be redeveloped at the cost of more than 17 crore. The areas covered...