Realty News
Department of Local Bodies in Chandigarh has proposed to charge 10% power bill as property tax for the property owners in urban areas of the state. The government has planned to calculate the amount of property tax based on the power consumption by the owner, not be based on the size of the property. The [...] Continue Reading »
Investment in real estate plays a dominant role to the NRIs due to its rate of appreciation and the periodical returns on the investment. According to the new investment norm, NRIs can invest through their representatives in India by giving a power of attorney to act on their behalf. A copy of the power of [...] Continue Reading »
Old Mahabalipuram Road is coming up as a new destination for rental apartments in Chennai. Last year the cost of House rents in Chennai were up by about 10-20 per cent. But this year as the supply of houses are exceeding demands, rental values are subdued on the outskirts. The demands for residential apartments in [...] Continue Reading »
The white paper submitted by the government in the Parliament, has suggested the introduction of tax deduction at source (TDS) on sale-purchase of properties in India. The finance ministry has prepared the white paper and said that ‘One of the measures for deterring use of the real estate sector for generation and investment of black [...] Continue Reading »
New residential project Ivana was launched at Thergaon by the Lakshmi Properties. The new venture, Ivana will be developed with intelligence and comfort. Lakshmi Properties has taken efforts to ensure that the venture stays true to its meaning. The project received a great response at the launch. Ivana will accommodate many distinctive features like a [...] Continue Reading »
The western suburb of Mira Road is developing quickly and is one of the most sought-after residential destinations for its good connectivity and affordability. The cost of homes in apartments in Mira Road with G+ 5 storeys and without too many amenities is between Rs 4,000 and 4,500 per sq ft. The cost of homes [...] Continue Reading »
Documented property registration in Mumbai, Thane and Pune divisions fell in the last financial year. As per a rough estimate by a real estate analysis firm, at least 40,000 flats have remained unsold in Mumbai and Navi Mumbai areas. The actual number could be higher than that. Though, the amount of stamp duty collected by [...] Continue Reading »
It is noticed that many travelers are opting to rent an apartment or villa instead of hotels when they are on a holiday trip. There are so many tourists who started looking for rented villas to spend time. The apartments or villas come with various packages which would either include breakfast and dinner options or [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) has planned to fast track the re-valuation and assessment work of properties in Nagpur for tax purposes pending for last many years. This delay is causing lot of inconvenience to the citizens and also losses to NMC. The department is waiting to finalize the decision on property tax based on [...] Continue Reading »
Costs of houses in Pune are on the rise. They have gone up 16 per cent in the first three months of the current year when compared to the corresponding period of last year. According to a study it is noticed that property prices in Pune region have escalated, reflecting the overall sentiment of the [...] Continue Reading »
