Realty News
Special director of the Enforcement Directorate Balesh Kumar said, the real estate sector in India has the maximum scope for money laundering activities and there should be some sort of regulatory mechanism to keep a check on such activities, recently. Kumar said during a workshop on money laundering hosted by BRICS Chamber of Commerce & [...] Continue Reading »
The government will consider if the toll rates will be reduced for only vehicles bearing Haryana registration numbers or the relief should be extended to all vehicles which pass through the toll plazas. The Haryana cabinet is likely to take a decision on reducing toll tax in the state. The government was planning to give [...] Continue Reading »
One of India’s top office space developers (RMZ Corp), has signed fresh leases for over 1.5-million sqft of office space and sold close to a million sqft, signaling continued demand for office space in the country’s IT capital. All of this commercial space action is happening at RMZ’s 52-acre Ecoworld IT Park located on Outer [...] Continue Reading »
The total income from operations stood at Rs 149.77 crore for the quarter, as compared to Rs 113.64 crore for the corresponding period of last fiscal year, an increase of 31.8%.Repco home finance Ltd has posted an increase of 13.7 per cent in net profit at Rs 31.49 crore for the quarter ended March 31, [...] Continue Reading »
A consultant will be hired for the interior works of these buildings. The committee has given the approval for the conceptual drawings for the remaining buildings of the Beant Singh Memorial. These buildings are sarva dharam repository, cafeteria, exhibition-cum-multipurpose hall, guest house and convention centre-cum-auditorium block and parking. So that the budgetary approval will be [...] Continue Reading »
Experts say rents are up because prices went up irrationally in several major markets. It has seen a 15-20 per cent rise in values over the past year across many markets, irrespective of the slowdown in the property sector. While buyers are in a wait and watch mood, the home rental market is headed north. [...] Continue Reading »
The government order issued last week lacks clarity on the procedures to be adopted while purchasing land. Also there is confusion whether the registration fee and stamp duty will be waived off. Due to this, the revenue officials are unable to start procedures to acquire the remaining land required for the Metro project. Amid criticism [...] Continue Reading »
25 priority projects for the Chennai-Bangalore Industrial Corridor (CBIC) have been identified by the Japan International Co-operation Agency (JICA) in consultation with the Department of Industrial Policy & Promotion and three southern States. Majority of them are in Chennai and the rest will come up along the national highways of Karnataka and Andhra Pradesh.These projects [...] Continue Reading »
The RBI has suggested that banks must effect any change in floating rate loans only at the agreed-upon reset date. This is aimed at ushering in transparent and appropriate pricing of credit, according to an RBI working group. This is good news for existing home loan borrowers. What this means is that any change in [...] Continue Reading »
Since property values are touching new highs in major localities of Mumbai, the suburb areas are coming up as promising investment options within affordable budgets. The plots in the area are of varying sizes, starting from 1,000 sq ft. The value quoted is Rs 450 per sq ft. Being a freehold plotted development, the buyer [...] Continue Reading »
