Realty News
With the number of project approval granted to the builders, analysts predicts that by the end of 2015, the number of ready to occupy apartments will be close to 150000. This scenario is predicted only for Gurgaon region. Along with the apartments the Gurgaon real estate sector also has lot of ready villas and private [...] Continue Reading »
The Haryana Government is planning to increase the property registration rates for the financial year 2012-13. The expected hike in the property registration rate may be around 15%. The rate of registration cost for the properties in Gurgaon has witnessed several hikes in last one year. 20-33% hike in registration cost was announced on March [...] Continue Reading »
According to the property registration departments, Noida, Greater Noida and Yamuna Expressway are the most attractive places for the home buyers. In the financial year 2011-12 the department of stamps and registration of the district has collected over Rs 1,700 crore from property registration. Greater Noida has witnessed the maximum number of property registered followed [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided in the two days conference in Pune, that the government should facilitate the approval process for the betterment of the sector. CREDAI wants speedy clearance for the development proposals, uniformity on taxation of the realty sector. According to CREDAI, a builder has to meet [...] Continue Reading »
The Mumbai municipality issued notice to all the owners for payment of the due property tax. And the due date was 31st March, 2012. The notice surprised the owners as many of them were unaware of the due taxes. Lot of the owners purchased the apartments in Mumbai recently and at the time of sale [...] Continue Reading »
As the proportion of sale of real estate properties in Mumbai reduce drastically, the builders are facing a huge crunch for cash inflow. To overcome the situation and to generate momentum in sales, the builders are coming up with different deal options for their unsold properties. Some builders in Mumbai region introduced a new scheme [...] Continue Reading »
The redevelopment of residential project in Chembur Sahakar Nagar will be done by Godrej Properties Limited. According to the redevelopment agreement, GPL will reconstruct 18 residential complexes in Sahakar Nagar, Chembur, Mumbai. 216 residents live in these 18 residential complexes. The proposed construction will develop 2, 2.5 and 3 BHK flats in the present apartment [...] Continue Reading »
The state government of West Bengal planned to amend the holding and leasing out bill for land in excess of ceiling. According to the new amendment, the government companies engaged in township projects in Bengal,will get exemption from the land ceiling restriction. In the latest amendment, it is also expecting the removal of the clause [...] Continue Reading »
Emaar MGF has formed a four member executive committee for taking all major decisions. The only nominee of the Indian partner is MGF CEO Mehar Karan Singh. According to the Emaar MGF spokesperson this formation will not effect the present management control of the venture. The joint venture of Emaar and MGF have invested for [...] Continue Reading »
According to census 2011, it is analyzed that one fifth of apartments in Gurgaon are lying vacant. Those apartments might be sold to different buyers, but no one live there. This situation arises as few people bought multiple apartments as investment. According to different experts, the extent of vacant properties indicates the worth of the [...] Continue Reading »
