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Developers are liable for tax on free space

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On a recent hearing at Bombay Ordinary Original Civil Jurisdiction, it directs the builders to pay the property tax for the free space which have not been incorporated in conveyance deed for any co-operative housing society as per the sources depicted at www.propertykhazana.com. It basically concise the open space of a residential society like passages, staircases, parks and other play ground if any that will be collected by Municipal corporation from the developers.
As per the sources reported at www.propertykhazana.com the incident came in to focus when a residential colony Anjana Building filed a petition against the Municipal Corporation of Greater Bombay and other associates. At the judgment it is clearly mentioned about the free space but not the carpet area occupied by the tenants. But there is also an another norm in the BMC bible is that – incase at any circumstances the builders or the developers fails to pay the tax for the said space then as per the rules of BMC these areas comes under the auction table. So if the tenants pay the tax on regular basis than obliviously there is a safe mode of stay for the inhabitants of that particular society.
This judgment has marked the builders to transfer the conveyance deed or to keep paying regularly the tax for the free space. Here in both the cases the inhabitants of the housing units are better benefited with extra space in the form of garden and others passages with a nominal fee per year and can be safe from any further auction items in future. Visit www.propertykhazana.com for more updates.
Source: NBTVLIVE

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