Apartment News
Many high valued properties in India are avoiding the payment of stamp duty as the buyers are acquiring the shares of the construction company, which owns the property. In the process the buyers are not transferring the ownership of the property in their name by paying stamp duty. Thus the seller avoids the payment of [...] Continue Reading »
India’s largest homegrown private equity firm, IL&FS Investment Managers Ltd (IIML) has planned to launch a fundraising program under the name of Yatra Capital. Yatra Capital is an India-focused real estate investment firm and acquired by IIML two years ago. Yatra Capital has already raised 220 million euro for investment in the real estate in [...] Continue Reading »
Real estate projects in all Tier II and III cities are attracting more PE investors to invest in realty projects in India. With the fund flow from the PE firms, the realty markets in smaller cities are growing much faster. Earlier, the PE firms were keen on investment in top metros in India, but now [...] Continue Reading »
Bahadurpura is coming up as the next residential and commercial hub of Hyderabad. The real estate activities are growing fast in the area and its surroundings. Bahadurpura is becoming the preferred destination for businessmen and residents as the area has better infrastructure and availability of space is much better than any other location in the [...] Continue Reading »
The government of India has planned to set up committee to evolve a workable strategy for reducing the time taken in approval of real estate projects in India. According to builders association, faster approval process can reduce the cost of any project between the range of 20 to 40 percent. The minister of housing and [...] Continue Reading »
The vacancy rate of the office space in the real estate market in Chennai is growing. Seeing the trend, builders are moving towards the residential space for sure returns. It is reported that more than 30 percent of the office spaces are lying vacant in the peripheral areas such as Old Mahabalipuram Road (beyond Perungudi) [...] Continue Reading »
Real estate market in Chennai was predominantly a market for 2BHK and 3BHK apartments. According to a recent survey, it is reported that villas in Chennai are more in demand than conventional apartments. The report also revealed that the demand for luxury and studio apartments is also catching up in Chennai. The report has said [...] Continue Reading »
According to a report by a real estate analysis firm, the sale and launch of residential properties in Mumbai and its suburbs is still slugging. The rates of apartments are still on the higher side and the potential buyers are deferring their decisions and as an outcome the rental rates in Mumbai have started increasing. [...] Continue Reading »
The urban development department of Nagpur has proposed to reserve 20 percent of private apartments for the low cost affordable housing program. The builders of the city have opposed the proposal saying that it is government’s responsibility to provide affordable accommodation for the economic weaker section (EWS) of the state. The builders also said that [...] Continue Reading »
