Realty News
The state sales tax department has been able to make the builders register with them as the battle for paying VAT seems to swing towards the government. The builders in Nashik have started registering with the sales tax department of the state government. Confederation of Real Estate Developers’ Association (CREDAI) has reportedly decided to pay [...] Continue Reading »
The much-debated Maharashtra Housing (Regulation and Development) Bill has inched towards implementation as it received a verbal consent to the contents of the bill from governor K Sankarnarayanan. Approved by the state legislature in the monsoon session of the assembly, the bill had been sent to the governor’s office for consideration. Based on a representation [...] Continue Reading »
Developers in Maharashtra seem to be apprehensive of the regulatory measures proposed by the state and central government. As the developers already have disclosed their presentiment about the state government’s housing regulatory bill, the presentiment deepens as the centre is now set to introduce its own regulatory authority for the real estate sector. Maharashtra Chamber [...] Continue Reading »
Confederation of Real Estate Developers’ Association India(CREDAI) has endeavoured to raise the real estate appreciation bar. The developers’ apex body has recently felicitated the Archaeological Survey of India (ASI) with the ‘Best Maintained National Monument’ award for their maintenance of the historic Fatehpur Sikri. CREDAI also honoured Shantilal Muttha, Chairman and Managing Director of Muttha [...] Continue Reading »
Thane has emerged as a preferred residential destination in recent years in Maharashtra. The main reasons being rapid development in various sections of the region. Also the surrounding natural beauty of Sanjay Gandhi National Park, Yeoor and Parsik hills have been a factor. An erstwhile industrial hub, the area has seen a tremendous change in [...] Continue Reading »
Home loan borrowers may get access to an alternate window rather than to wait for the Reserve Bank of India to ease interest rates as government is planning to furnish cheap housing credit opportunities. Indian Bankers Association (IBA) has been asked by the government to look into ways to provide affordable credit to home loan [...] Continue Reading »
Drop in sales seem to have no impact on prices of property in Mumbai. Stamp duty and registration data of flat sales clearly indicate a downward trend but developers and investors seem to be holding on to hiking prices in the financial capital. According to Groffr, a group buying portal, Mumbai’s real estate have taken [...] Continue Reading »
According to reports of BNP Paribas Real Estate, rental values of office space in Mumbai has witnessed a decline. Sequential decline in the range of 3 per cent to 11 per cent is seen during the quarter ended June 30. The report shows that rent came down in central business district Nariman Point by 3 [...] Continue Reading »
Brokerage firm Kim Eng Securities in their recent report have stated that despite a slowdown in the real estate market, property prices continue to rise. Residential property prices have risen 33 per cent in Greater Noida, 30 per cent each in Noida, Gurgaon and Mumbai and 35 per cent in Chennai over a period of [...] Continue Reading »
Rajarhat New Town seems to be top priority for investors in Kolkata. In the highest ever land auction in the area till date, a 2.5-acre plot for a retail-cum-office complex has fetched Rs 51.13 crore for the Housing Infrastructure and Development Corporation (Hidco). The plot at Action Area-II of New Town is located near the [...] Continue Reading »
