Mumbai
DLF has been downgraded by Citi from “buy” to “neutral” as target price has come down from Rs 266 to Rs 218. Currently, DLF shares have come down by 1.3 per cent to Rs 186.20. Citi group has added that there will be a wait for a pick-up in execution, sales and margins to become [...] Continue Reading »
A builder has been directed to pay for the execution of conveyance, agreement and registration for a 1.000-sq-ft flat for not handing over to a buyer seven years after the full payment of Rs 22 lakh was made. The Maharashtra State Consumer Disputes Redressal Commission also told the builder to hand over the flat on [...] Continue Reading »
Residents of Green Heritage project in Mumbai are planning to move to Supreme Court to save their property which stands illegal. After buying the property, the residents alleged that they have become victims of the violations done by the builder. Earlier, High Court had already passed a verdict for demolition of the property which they [...] Continue Reading »
Confederation of Indian Industries (CII) is going to organize a conclave in Mumbai to discuss the issues which are affecting the real estate industry. Maharashtra Minister for Housing will inaugurate the Real Estate Conclave 2012 and Jones Lang LaSalle India chief and Country Head Anuj Puri will be the Chairman of the conference. The main [...] Continue Reading »
Due to an increase in property prices and poor salary increments, home sales witnessed a slump in New Delhi. Manas Tripathi, an executive at a Delhi-based car company, said since property prices have gone up and only 5 per cent of increment in salary, he is not able to take a huge housing loan. He [...] Continue Reading »
Due to the increasing value of dollar, more and more NRI’s are considering to invest in Indian real estate market. Since Mumbaihas been considered the business hub of real estate in India, NRI investors are looking forward to invest in Mumbai. NRI’s consider Mumbai is the best and safe to invest as many investors have [...] Continue Reading »
According to a new report, realty sector of India, which has been floating in loss and debts of builders, over past few years, seems to have begun to rise from the bottom. Aashiesh Agarwal, real estate analyst at Edelweiss Securities, expressed his views on the progress of real estate, in the report released on Wednesday. [...] Continue Reading »
Real estate leasing by Information Technology (IT) and IT-enabled services (ITes) sector firms have shown a downturn in Mumbai and National Capital Region (NCR) during this year. According to data shown by DTZ, an international real estate research firm, Bangalore boosted by the share of IT/ITes in the total office space transaction surging from 55 [...] Continue Reading »
Residents of Dharavi have staged a protest against Government for not going on with the Dharavi Redevelopment Project (DRP). It was a day long protest near T-Junction by the residents who demanded back the original project of five- sector. They also demanded the removal of the current Mhada contract. More than 1000 people gathered and [...] Continue Reading »
Have a property tax query or don’t know what is capital value based property tax system? Then not to worry because Brihanmumbai Municipal Corporation (BMC) has come up with an initiative to solve the queries. The civic body has come up with an email address at which if you send a mail along with your property identification [...] Continue Reading »
