Realty News
Along with the country the real estate in Ahmedabad also witnessing slow progress in terms of sale. The entire real estate sector is under tremendous pressure. The price of real estate projects became stable after a high rise in last two years. The crunch in liquid inflow made the landowners and the builders for opting [...] Continue Reading »
The area of the Chennai city has grown around 250% in times. But the tax collected by the city corporation has been dropped by 5% in last fiscal year. The officials say the technical problem and the stuff crunch are main causes for the less collection of tax. Till march 31, the tax collection target [...] Continue Reading »
The government of Mumbai has introduced the new development control regulations for the properties in Mumbai. According to the new Floor Space Index (FSI) calculation, the balcony, flower beds, ducts, car decks, etc. will not be included in the salable floor area. However according to builders association this decision will increase the cost of the [...] Continue Reading »
The property tax collection has just commenced in Bangalore and there is good amount of response. Through self assessment scheme (SAS), on day one around 4,000 property tax owners have paid taxes. The tax payers can pay tax in two installments without penalty and availing rebate. Also, in the recent press release namma Bruhat Bengaluru [...] Continue Reading »
The real estate-focused private equity (PE) firm ASK Property Investment Advisors Pvt. Ltd has planned to invest Rs 100 crore in the redevelopment project in Mumbai By the Godrej Properties. The ASK group has taken 49% stake of the project. the redevelopment projects are considered as a difficult way of construction. The other PE transaction [...] Continue Reading »
The Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided to seek details of various approved projects and the amount of revenue earned by the state government. By this way the builders association want to show the government how much loss they are incurring due to different clearance policies. According to the builders [...] Continue Reading »
It’s time to pay property tax! It is April and the time has come for all of us to pay property tax to namma BBMP. The property tax payment will have to be paid through the Self Assessment Scheme (SAS) and get 5 percent rebate. From April 1st BBMP has started collecting property tax for [...] Continue Reading »
With the new amendment made on the ceiling on land holding bill, the future of the township and large housing complex projects has been barred. West Bengal legislative assembly removed the township project from the exemption list of the ceiling on land holding bill. According to the state government, construction of large township is not [...] Continue Reading »
A recent study has revealed the investment scenario of Mumbai. It is being recorded that since 2005 only Rs 15305 crore has been invested for basic civic projects. The report also states that Mumbai require additional investment of Rs 27500 crore to finish all the civic projects. All the major investments made on land and [...] Continue Reading »
The Bangalore Development Authority (BDA) ordered to check the No objection certificate for the apartments during registration of properties in Bangalore. It is reported that there are thousands of apartments and sites are being constructed in unauthorized layouts. However the department of stamps and registration replied that, according to the registration rules of the state [...] Continue Reading »
