Realty News
Piramal Realty Limited to launch five residential projects in Mumbai at an estimated investment of about Rs 1500 crore. The company will develop about 30 million sq. ft through land acquisitions funded from its own sources, without any borrowing, managing director Khushru Jijina said. The developer is evaluating 20 projects across Mumbai, Pune and Nashik. [...] Continue Reading »
Interest rates on all loans will go up. However, there could be some cheer for savings bank account holders as the RBI simultaneously increased interest rates on savings deposits If you were eyeing that swanky house or a cool set of hot wheels, prepare to shell out more to live your dream. Interest rates on [...] Continue Reading »
Builder to pay compensation of Rs 5 lakh each to two buyers for failing to hand over flats booked by them. Mumbai district consumer forum held that failure on part of the builder, Sharma Realty Pvt. Ltd., to execute the Agreement for Sale was deficiency in service and ordered to pay compensation to two buyers. [...] Continue Reading »
The Pune Municipal Corporation (PMC) has appealed the citizens to pay the property tax on time. The PMC has decided to accept property tax bills even on holidays. The PMC has appealed that property owners, who have not received their property tax bills, or have complains with the bills, should contact the PMC tax department [...] Continue Reading »
Majlis-e-Ittehadul Muslimeen (MIM) MLA Akbaruddin Owaisi had to pay a heavy price for the campaign he had launched to identify illegally encroached government and Wakf land in his Chandrayangutta constituency for public use. Unidentified assailants opened fire at Akbaruddin in the old city of Hyderabad. The assailants reportedly came on horsebacks, attacked Owaisi with swords [...] Continue Reading »
The department, which has recently begun a special drive to check prevalence of black money in the country’s real estate sector, has acquired high-worth properties worth about 2,500 crore in more than 20 cities in the last year alone. The Income Tax Department became one of the largest purchasers of real estate properties last year. [...] Continue Reading »
Bangalore Property Owners can breathe a sigh of relief. The Bruhat Bangalore Mahanagara Palike (BBMP) has extended the deadline for payment of property tax 2011-12 till May 30. The property owners can avail a 5% rebate on payment of property tax for whole year. BBMP had earlier fixed April 30, 2011, as the last date [...] Continue Reading »
Don’t judge only by the actual site of the residence, or the cost of the property. Property rates are not decided on the basis of land value – it is the surrounding infrastructure that adds to the value of a location. The positive sentiment associated with festivals often motivates fence-sitting buyers to take the plunge [...] Continue Reading »
Most realtors prefer to buy wetlands near canals which can easily be encroached. As the real estate boom spreads to the outskirts, the invaluable wetlands and farmlands of Kochi are transforming into up lands for ‘basements’ for skyrises. Corporate lobbies and real estate giants are eyeing this fertile land and competing with each other to [...] Continue Reading »
Rakindo Developers Pvt Ltd, India’s first real estate master planner and developer, to invest about Rs 300-400 crore in this fiscal (2011-2012) across various real estate developments in Coimbatore. The funds will be generated mainly through internal accruals and customer advances. The investment entails the development of a golf course, a golf academy, a sports [...] Continue Reading »
