Cities
A bad news is in store for tenants and owners of flats in Mumbai! Stamp duty is going to be dearer for flats in the city after the recent announcement of budget by state finance minister on 20th of March. The hike in stamp duty will be applied for both rentals as well as leave-and-licence [...] Continue Reading »
As the demand for luxury homes have gone down, the developers are now concentrating on smaller-sized apartments in India. Developers are now offering cheaper homes without decreasing per area price to increase sales. Last year home sales have seen a downfall, with the increase in property prices. Though the home slaes have dropped, the demand [...] Continue Reading »
New Delhi: The Securities and Exchange Board of India (Sebi) has directed to put an end to Collective Investment Schemes (CIS) run by many real estate developers as it suspects investor frauds. It asked the firms to refund the money to investors within three months. Numerous complaints have been lodged with the market regulator by [...] Continue Reading »
The real estate sector in Bangalore witnesses demand from the retail segment with Foreign Direct Investment in retail. It is expected to see an increase demand for large format high street shops and for mall spaces in specific location across the city. FDI in retail will play an important role to bring the retail sector [...] Continue Reading »
Seeing the housing needs of lowing income group and economically weaker section of society, the Tamil Nadu government has declared plans to increase housing supply in these segments. The plans include wide range of urban and rural infrastructure moves which will enhance the housing supply. The Tamil Nadu Housing Board (TNHB) announced to develop over [...] Continue Reading »
BelVista is a luxury project by UKN which is located at Whitefield. UKN Belvista is spread across 56,000 sft and will houses 90 apartments over 8 floors. It comprises of 2, 3 and 3 BHK duplex apartments with the living room and a lavish private balcony for a family dine out and barbecue. The area [...] Continue Reading »
Hyderabad- L&T Metro Rail Hyderabad Limited project is developed on a revenue model which aims to collect 50 percent revenue from passenger fares, 45 percent revenue from property development and the remaining five percent from advertisement and other miscellaneous sources. The Rs 14,132-crore metro rail project is one of the largest urban infrastructure projects in [...] Continue Reading »
Salapuria Senorita is an ongoing project by Salarpuria Sattva Group with a huge open space located at Sarjapur Road. The project is spread over 4 acres of land and is expected to complete by July 2015. The project comprises of 349 apartments with a choice of 2 and 3 BHK units ranging from 1,540 sq [...] Continue Reading »
Gurgaon- With property prices increasing rapidly in Gurgaon, buying a property in the city has become extremely difficult for buyers of low-income group (LIG). Gurgaon has emerged as a favourite destination of many property investors and real estate developers. In order to support developers in building more and more affordable housing units, the government of [...] Continue Reading »
To ease population pressure in the capital, the Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) is planning to develop eight clusters around Bangalore. The residential properties present in these areas are expected to record significant price hike. The residential clusters include Ramanagar-Channapatna, Kanakapura, Nelamangala, Doddaballapur, Anekal, Devanahalli-Vijayapura, Hoskote and Magadi, all of which come [...] Continue Reading »
