Mumbai
Ready reckoner (RR) rates, which are used to calculate market value of properties for payment of stamp duty and registration charges, must be reviewed by the state government to most recent. Undoubtedly, stamp duty collection is one of the biggest money spinners for the Maharashtra government. But for the people who want to buy or sell flats [...] Continue Reading »
The number of houses part of authority’s annual lottery of affordable houses has been decreasing in Mumbai. The apartments are nearly as costly as last year but are still at a discount the market price. The Maharashtra Housing and Area Development Authority (MHADA) will release at least 814 houses across various income categories this year. [...] Continue Reading »
Maharashtra government is all set to have a first-of-its-kind housing regulator. Orders can be passed by the regulatory body so that 10 per cent of the total project can be transferred to buyers who can sell it further in the market to cross-subsidise the construction cost. To achieve this, builders will not be allowed to [...] Continue Reading »
The ultimate status symbol the city’s ultra rich is living in a bungalow. Penthouses and sky villas with 360-degree views aren’t really impressive to them. In 2011, industrialist Sajjan Jindal bought Maheshwari House — a sea-facing, three-storey bungalow having a porch and a garden at Nepean Sea Road. The cost was estimated to be Rs. [...] Continue Reading »
The major factors mid-income home buyer considers before hunting for a house are low maintenance and budget. Property rates have been high in Mumbai from very long time. Marol, Andheri East is witnessing huge demand for 1-BHK apartments. This locality is a well known commercial hub of the city and has MIDC industrial area, Seepz, [...] Continue Reading »
Mumbai-based Neptune Group and Lodha Developers are looking to Gammon India’s 185 acre land in Dombivli. They have also submitted their offers for the same. The plot is about 185 acre in size and was put on the block in mid 2013. It has been learnt from the sources that the offer of the Neptune [...] Continue Reading »
Amidst skyrocketing property values, owning a house in Mumbai has become a dream for many. But now, Panvel and Ulwe offer several options within the budget range of Rs 20-40 Lakhs without compromising on connectivity and social infrastructure. On being asked the reason behind a high demand for property in the area, Aditya Deepakdas, a [...] Continue Reading »
Mumbai residents are likely to get alternative to congested roads and packed commuter trains as metro will be started before April, as announced by RInfra. The construction, signal testing and system integration have been completed for the line consisting of 12 stations. Mumbai Metro One Pvt. Ltd, a consortium of Reliance Infrastructure (69%), Mumbai Metropolitan [...] Continue Reading »
The trend of shifting to suburbs because of the skyrocketing realty prices in the city has benefitted Thane very much. As the people are trying to shift out of Mumbai, Thane real estate market has received a major boost. In many areas like Ghodbunder Road, Manpada and Pokhran Road the prices of the real estate [...] Continue Reading »
Some of the new amendments made in the Finance Bill, 2013 to the Income-tax Law is expected to have a deep impact on real estate sector in the 2013-14 fiscal. The amendments relate to taxing the notional income in the real estate transactions as against the real income of the real estate developers as well [...] Continue Reading »
