Realty News
GHMC has planned to revise the property tax rates for the property in Hyderabad. The owners of the real estate property in Hyderabad are expecting the general revision of property tax , which will be implemented in the next financial Year. According to sources, the GHMC has set a target to collect Rs 1000 crore [...] Continue Reading »
The real estate in India is emerging as the largest driver for the growth in GDP. With the growing population the need for apartments are increasing. But, the increasing population is becoming a threat to the natural resources. To preserve the natural resources and to reuse them, the builders are now moving towards the construction [...] Continue Reading »
The pressure of inflation, higher rate of interest and economic slowdown has led to the downward trend in demands of real estate properties in Ahmedabad. As a outcome of the sluggish demand, the builders across the city are struggling to manage the liquidity crunch. It is observed in the realty market in Ahmedabad, that the [...] Continue Reading »
Over 1,200 colonies were given the provisional regularization certificates in the year 2008. The Delhi government is now planning to announce about the relief being provided to the residents of the unauthorized colonies. The Group of Ministers (GoM), which was formed last year to provide relief and to develop the colonies, has made several recommendations [...] Continue Reading »
The Tamil Nadu Chief Minister, J Jayalalitha, announced that the personnel of Police Department, Fire and Rescue Services Department and the Prisons Department in the state would get their own houses as promised earlier. Jayalalitha said that 36,000 residential apartments will be built on non-profit basis. 10 acres of land in every district will be [...] Continue Reading »
Andhra Pradesh Chief Minister Kiran Kumar Reddy and Maharashtra Chief Minister Pruthviraj Chauhan have signed a Memorandum of Understanding (MoU) for the Pranahita-Chevella project. The agreement was signed on 5th May 2012, between the governments of Andhra Pradesh and Maharashtra in the presence of Union Water Resources Minister, PK Bhansal in Delhi. The estimated budget [...] Continue Reading »
The market is expecting a price correction for the larger township projects in Mumbai, as large inventory involvement in those projects may exert a downward pressure on prices. However, in a recent report by a real estate consulting firm, it is reported that the cost of residential property in Mumbai will start rising in coming [...] Continue Reading »
The government of Delhi has banned the sale of any property in Delhi through Transfer of General Power of Attorney. This order by the government will impact the buyer, who had bought properties since October last year. This was a common mode of purchase, almost 40% of transactions are happening in this mode of transfer, [...] Continue Reading »
The Delhi government had given provisional certificates to around 1639 colonies during the year 2008. These certificates were issued promising the citizens to regularize the colonies completely, but till date nothing has been done. The property owners, who had bought houses in unauthorized colonies of Delhi are in a state of discontent. It has also been [...] Continue Reading »
The developers associations in Mumbai are not expecting any price cut for the properties in Mumbai. Due to the slow approval process, high input cost and the higher lending rate of funds, it is not possible for the developers to reduce the cost of properties in Mumbai. The association of builders (CREDAI and MHCI) are [...] Continue Reading »
