Realty News
Over four lakh flat owners in Maharashtra, who had bought properties between June 20, 2006 and March 31, 2010, may have to pay Value Added Tax (VAT) to the state government. As the state government plans to recover VAT, a trade circular is issued by the Maharashtra sales tax commissioner on August 6. The tax [...] Continue Reading »
Gurgaon has registered the fastest growth in the real estate sector in the country. Developers are flocking to the region to launch new projects after prices shot up by as much as 25 per cent in the last one year. Big realty players like Godrej Developer, Tata Realty from Mumbai and Sobha Developers from Bangalore [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (Credai), Pune Metro, has opposed state government’s order asking them to pay value added tax (VAT) on flats that were sold between June 2006 and March 2010. The number of flats that were sold during the period in Pune is estimated to be over 1.5 lakh. [...] Continue Reading »
The experts have criticized the new housing regulatory bill in Maharashtra. Under the new housing regulatory bill, not only the developer but even flat buyers can be put behind bars and made to pay a fine if they fail to comply with the housing regulatory authority’s order. Experts feel there is nothing to cheer about [...] Continue Reading »
The flat owners are to be benefited by the new proposed bill in the state of Rajasthan. The state government on Monday introduced the draft of a new law – Rajasthan Apartment Ownership Bill, 2012 – giving more room to the flat owners. The new bill allows the families in flats access to common or [...] Continue Reading »
Estate planning is catching up in India as it is replacing a written “will” – the earlier method adopted to bequeath hard-earned assets while a person is still alive and after he is no more. It includes the management of a person’s estate during and beyond his lifetime to ensure the estate’s longevity. Through estate [...] Continue Reading »
With a little over one lakh residential flats lying unsold in Mumbai, an inventory, according to experts, which will take more than three years to clear as not much of it is available for immediate possession, the Mumbai real estate horizon looks grim. According to data from property research firm Knight Frank, sale of Mumbai [...] Continue Reading »
The depreciating rupee may be a concern for the economy, but it has become a disguised boon for builders in Mangalore. In the past three weeks 16 new projects totalling a minimum of thousand apartments have been launched indicating robust demand and stepped up activity in the construction sector in Mangalore. Mangalore chapter of the [...] Continue Reading »
Real estate and home finance executives have stated that Pune and New Delhi have overtaken Mumbai with steady home loan demand. India’s financial capital does not offer a rosy picture for the real estate sector as there are not many new projects that sell in big numbers. In the recent past, most sales have been [...] Continue Reading »
Property consultancy firm Jones Lang LaSalle has reported that in order to attract home-buyers in Chennai, developers are planning several township projects with a host of amenities in the coming months. The existing scenario in Chennai real estate is going to change. The study states that the new ‘game-changers’ include generous landscaping, serene environment, schools [...] Continue Reading »
