Cities
The BJP government has decided to levy commercial property taxes on properties owned by discoms and power generation companies due to the steep hike in power tariff, especially in streetlights. According to officials, discoms are charging electricity at commercial rates for street lighting and operating pumps in corporation parks. As per the recent order, the [...] Continue Reading »
Chandigarh city residents are relieved as the formalities over imposing the house tax on residential properties and revision of tax rates of commercial properties will take at least another six months or more. Chandigarh administration needs to issue a notice of communication to the MC as it has already sent many reminders regarding impose of [...] Continue Reading »
Jamshedpur realty, being chased by one or the other crisis, did not yield good response in the first two quarters of 2012. When the developers were finding ways to tide over the Chotanagpur Tenancy (CNT) Act 1908 crisis and Sanjeevani Buildcon fraud episode, the economic slowdown has just hit them hard. Jamshedpur Builders Association Chairman, [...] Continue Reading »
Maurya Lok complex, one of the oldest and largest shopping mall of Patna, is set to get renovated by the Patna Municipal Corporation (PMC). Along with the renovation, the complex, which is an important landmark of Patna, will be provided with some basic amenities too. There are around 100 state and central government offices at [...] Continue Reading »
Indian real estate has been witnessing a major downturn in property sales which is making the developers to look around for specialized profiles that can handle more work and clear off the inventories. Realtors are planning to hire personnel such as cost managers, technical auditors, legal experts, energy efficiency specialists, quality surveyors, and construction project [...] Continue Reading »
Mumbai, being the most expensive city of India, has the highest cost of real estate properties which compete with other Asian centers such as Singapore and Hong Kong. It has been recorded that an apartment in 28th floor, facing the Arabian Sea in Mumbai, was sold at 390 million rupees. At a present situation of [...] Continue Reading »
Commercial rent trends in the first quarter of 2012 have been idle with rates almost constant, except in some places in major cities of India where there has been a growth. Commercial rents in Lajpat Nagar and Greater Kailash in Delhi have been hopeful as they are preferred choices for commercial renting due to connectivity [...] Continue Reading »
Realtors of Ahmedabad have planned to conduct property shows for Non-Resident Gujaratis (NRGs) in North America and Australia. Meanwhile, they intend to gain benefit of the appreciation of dollar value. The conference, ‘Chaalo Gujarat’, will be held from August 31 to September 2 at New Jersey. The Gujarat chapter of Confederation of Real Estate Developers [...] Continue Reading »
According to a white paper issued by Jones Lang LaSalle India, a global real estate services firm, the Indian real estate has witnessed around Rs 14,720 crore of private equity (PE) investor walk outs in the last four years. 74% of the total exits were attributed to foreign funds, says the report. The average ticket [...] Continue Reading »
K.P. Singh, the chairman of realty player DLF, has been conferred the “Indian Business Leader of the Year” award for his vision and skills which have boosted DLF to reach high, at the Horasis global India business meeting held in Antwerp, Belgium. Horasis: The Global Visions Community hosts a global India business meeting every year [...] Continue Reading »
