Apartment News
The union cabinet will soon consider the real estate regulatory bill which will provide the regulatory authorities with specified functions, powers and responsibilities to settle disputed. According to the bill the registration of the property agents and the real estate projects will be made compulsory. There will be a provision for imprisonment for the builders [...] Continue Reading »
The realty builder Parsvnath Developers planned to sell its commercial land in Connaught Place, New Delhi. The Sahara group and the ICICI are the major contenders for the land. It’s a 1.18 acre land at kasturba Gandhi Marg. Parsvnath Builders were bought the land in 2008, and planned to construct a retail cum office complex [...] Continue Reading »
Raheja Developers waiting for the approval for a 108 acres township project at Sohana Nagar, Gurgaon. The projected investment for the entire project will be around Rs.1000 crore. The developer has submitted the letter of intent to the approval authority and waiting to get the final clearance. The total investment will be made through internal [...] Continue Reading »
With the number of project approval granted to the builders, analysts predicts that by the end of 2015, the number of ready to occupy apartments will be close to 150000. This scenario is predicted only for Gurgaon region. Along with the apartments the Gurgaon real estate sector also has lot of ready villas and private [...] Continue Reading »
The Haryana Government is planning to increase the property registration rates for the financial year 2012-13. The expected hike in the property registration rate may be around 15%. The rate of registration cost for the properties in Gurgaon has witnessed several hikes in last one year. 20-33% hike in registration cost was announced on March [...] Continue Reading »
The premises of Dwarka Kunj Apartment in Delhi at Sector 12 is becoming a threat to the apartment residents. The street light poles in the apartment premises have open fuse boxes which is a danger anytime. When checked for whole of the locality, it was later learnt that the scenario is same with all the [...] Continue Reading »
According to the property registration departments, Noida, Greater Noida and Yamuna Expressway are the most attractive places for the home buyers. In the financial year 2011-12 the department of stamps and registration of the district has collected over Rs 1,700 crore from property registration. Greater Noida has witnessed the maximum number of property registered followed [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided in the two days conference in Pune, that the government should facilitate the approval process for the betterment of the sector. CREDAI wants speedy clearance for the development proposals, uniformity on taxation of the realty sector. According to CREDAI, a builder has to meet [...] Continue Reading »
The Mumbai municipality issued notice to all the owners for payment of the due property tax. And the due date was 31st March, 2012. The notice surprised the owners as many of them were unaware of the due taxes. Lot of the owners purchased the apartments in Mumbai recently and at the time of sale [...] Continue Reading »
As the proportion of sale of real estate properties in Mumbai reduce drastically, the builders are facing a huge crunch for cash inflow. To overcome the situation and to generate momentum in sales, the builders are coming up with different deal options for their unsold properties. Some builders in Mumbai region introduced a new scheme [...] Continue Reading »
