Realty News
Ghaziabad real estate has plummeted by more than 10 per cent, as an outcome of the economic slowdown. Builders and developers are unable to reduce the ever increasing input costs which further lead to a hike in equated monthly installments (EMIs). Along with rising input costs and EMIs, other factors such as rising interest rates, higher land [...] Continue Reading »
Gurgaon-Sohna road, the fast developing stretch of the city, is going to be the next destination for commercial and industrial development in Gurgaon. The steep rise in industrial and commercial growth in this place is mainly due to the industrial model township set up at Manesar. Owing to its connectivity to NH 8, Golf Course [...] Continue Reading »
The state government has issued a notification regarding nominating 16 persons to the Bruhat Bengaluru Mahanagara Palike (BBMP) council on Thursday. The nominations have been made on the basis of constituency. All the nominees are senior BJP workers and followers of MLAs and ministers, BBMP sources said. Most of the nominees did not succeed in [...] Continue Reading »
The exhibitors at the Indian Property Show, which was opened on 21st June 2012 at Dubai World Trade Centre, expect a flourishing business after the recent 30 per cent fall of the Indian Rupee value against the US Dollar and the Dirham. The experts are of the opinion that the Non-Resident Indians (NRIs), following the [...] Continue Reading »
As there has been a depreciation in the value of rupee, Non-resident Indians (NRIs) in the UAE are now interested buying properties in India. Prior to the three-day Indian Property Show in Dubai, pre-launch bookings have been done by NRIs which has risen to 80 per cent in recent months. The NRIs who have been [...] Continue Reading »
In less than three months, Pune Municipal Corporation (PMC) has collected Rs 300 crore as property tax from 3.75 lakh people since April 1, 2012. The property tax department in Pune stated that this milestone could be achieved only due to the tax discount scheme of PMC. The tax discount scheme stated that those who [...] Continue Reading »
The civic body in Mumbai has passed a bill to change the property tax calculation system from ratable to capital value based on urgent need. However, the corporators of the city have to say that there was no urgency to do the same. The corporators stated that most of them didn’t know about the proposal [...] Continue Reading »
Few years back, the home loan which was provided under teaser loan scheme by a housing finance company (HFC), is not the same anymore when repaying it back. The prepayment charges amounted to Rs 2 lakh for a person who had availed a Rs 1 crore loan under that special rate scheme. As per a [...] Continue Reading »
Edelweiss Housing, a branch of financial service provider Edelweiss Group, aims at taking its total loan-book size to Rs 6,000 crore by 2015, a top company official said. The firm has a loan book size of 900 crore and has set up its housing finance in 2010. Anil Kothuri, Edelweiss Housing Finance Executive Vice-President, told that the company started [...] Continue Reading »
A Memorandum of Understanding (MoU) has been signed between Bihar government and the State Bank of India to provide home loan to state government employees at cheaper rates. As per the MoU, the government being the guarantor would deduct the EMI from the loan beneficiary’s salary if he/she is in default on the loan. This [...] Continue Reading »
