Realty News
DLF has been downgraded by Citi from “buy” to “neutral” as target price has come down from Rs 266 to Rs 218. Currently, DLF shares have come down by 1.3 per cent to Rs 186.20. Citi group has added that there will be a wait for a pick-up in execution, sales and margins to become [...] Continue Reading »
To decrease the burden of tax on housing properties, Assam Real Estate and Infrastructure Developers’ Association (AREIDA) has suggested the state government to combine the tax into a whole of 10 per cent which includes VAT, service tax, stamp duty, registration, labour cess and NOC fees. The state is already witnessing a hike in property [...] Continue Reading »
Nagpur Municipal Corporation (NMC) has decided to settle all the pending cases of property mutation of last ten years by organizing a special camp. As of now, there has been many complaints received for property mutation and no action has been taken. Additional deputy municipal commissioner has stated that special camps will be set at all [...] Continue Reading »
A resolution has been passed by the Chennai Corporation recently, which talks about constitution of a committee for assessment of property tax in the city. Now, the Additional Commissioner (Revenue and Finance) of the Corporation has been given power to assess property over 50001 sq ft in both residential and non- residential domain. Additional revenue [...] Continue Reading »
As against other metro cties, Bangalore still offers good options in real estate sector for property buyers. The real estate sector in Bangalore has now become an end-user market rather than age old investor- led buying. As per reports, average ongoing rates of premium properties in Bangalore is about Rs 4,000 to Rs 5,000 per [...] Continue Reading »
A new committee has been formed by the government to examine whether the home ministry’s resident ID card (RIC) scheme can be used to deliver financial services, rural employment, public distribution system and health insurance. For the public distribution and direct cash transfers, the government has planned to use the Aadhaar platform of the Unique [...] Continue Reading »
The fifth phase of Godrej Garden City (GGC) township is coming up in Ahmedabad by Godrej Properties Ltd (GPL), the real estate branch of Godrej group. It will be spread across 1.8 million sq ft of land having 1,200 to 1,500 units and planning of the sub phases of the project is still on as [...] Continue Reading »
India has witnessed a rise in number of NRIs investing on properties. The dollar appreciation has given a further push to demand from NRI’s for investment in residential properties. With the real estate becoming cheaper for NRIs, many seek to invest in residential properties in two-tier cities such as Pune, notes Om Ahuja, CEO – [...] Continue Reading »
G.R.C Group or G R Constructions And Developers has been developing some of the quality projects in Bangalore quiet a while. They are in the market from past ten years and have grown to be one of the brand names along with the biggies in the sector. Their main aim is to emphasize on quality, [...] Continue Reading »
A new residential project called GR Sagar Nivas is coming up near to the IT park in Sarjapur Road. The project is being developed by G R Constructions And Developers and guarantees to provide elegance and comfort for the residents. The developers also promise of a quality that you have been looking for in your [...] Continue Reading »
