Realty News
Radhe Krishna housing society in Sanpada has banned pet dogs in the apartment. There are residents in the apartment who had taken a flat on rent, but were unaware that pet dogs are not allowed there. Those residents who have pet dogs were given notice by the society to vacate the flat within a month. [...] Continue Reading »
Bruhat Bangalore Mahanagara Palike (BBMP) has identified sources from where it is losing revenue. In a survey to reassess buildings in tech parks for property tax at Mahadevapura revealed that the Palike has been cheated of crores by commercial and IT buildings, which do not pay tax according to the law. BBMP found that 10 [...] Continue Reading »
The draft Real Estate (development and regulatory) Bill has suggested that every builder must maintain escrow account for customer advances and all third-party liabilities so that proper monitoring and use of proceeds is ensured in real estate projects. Last year, the Reserve Bank of India, too, asked banks to put in place an escrow mechanism [...] Continue Reading »
Professionals from outside Indore are having a hard time getting a suitable accommodation in the commercial capital. The cost of staying is unaffordable in some posh areas like Palasia, Saket and Zanjeerwala crossing. The rental apartments in Indore are way beyond their means. As cost of rental properties in Indore are increasing, tenants are forced [...] Continue Reading »
US banking group Goldman Sachs has agreed to take on lease 1.6 million sq ft of office space in Bangalore. This will be the biggest recorded commercial property deal in India. In the first phase of the transaction the investment bank initially taking up one million square feet. Another 600,000 square feet will be taken [...] Continue Reading »
Vishwas Bawa Builders inaugurated the residential apartment in Mangalore. Vishwas Planet is constructed near Pandeshwar. 35 flats were constructed in the apartment complex. The entire complex is surrounded with greenery. 2BHK and 3BHK flats were constructed in the project. According to the builder all the apartments were sold out. Rain water harvesting is available in [...] Continue Reading »
Rental value appreciation for apartments in Gurgaon, Mumbai, Pune and Bangalore has seen a higher rise. The apartments in Whitefield in Bangalore have recorded a rise of 16 percent for the rental value. The rise of rental rates for residential properties in India has become area specific. As Whitefield continued to be a priority destination [...] Continue Reading »
The revenue department of Delhi is going to introduce electronic registration system of sale deeds of properties in Delhi. The municipality will start this electronic system of registration from the Mehrauli sub-registrar office in south Delhi, which covers a large part of south Delhi. Buyers of properties will now be able to take online appointment [...] Continue Reading »
It is stated by the builders that the delay in getting clearances for projects is the main reason for escalating the cost of apartments in India. Normally it takes a few months to a couple of years for most projects to get approval. The Chennai Metropolitan Development Authority (CMDA) has introduced the green channel clearance [...] Continue Reading »
The Mumbai-based real estate developer DB Realty Ltd has posted lower revenues in the quarter ended 31 March. It is found that the total revenue earned by the builder is reduced to Rs. 97.71 crore from Rs 391.8 crore, while the net profit has increased by 152 percent to Rs 20.26crore. The company has also [...] Continue Reading »
