Realty News
Bangalore and Chennai are the cities in South India to see upcoming residential developments.The mind-boggling rise in demand for properties in Bangalore and Chennai is mainly due to the enormous migration of IT professionals to the city. Property is the safest bet after gold as far as investment is concerned. The residential and commercial properties [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) major works standing committee has objected to the a residential apartment being constructed by Sobha Developers at Tumkur Road near Peenya, for encroaching upon the storm water drain (SWD). Members of the committee, who inspected the area on Tuesday, said that the SWD flowing from Nagasandra will pass from [...] Continue Reading »
It is that time of the year when the government sets its economic agenda for the year ahead. The real estate industry is looking at several breaks from the Budget both on the policy and taxation front. Most market watchers believe that to get government finances in order (the government is facing a fiscal deficit [...] Continue Reading »
The income tax (I-T) department conducted recovery survey at the firms of two builders and seized documents pertaining to their income and other things. The recovery survey was conducted in the last 72 hours at two places in Varachha and Katargam. The two builder groups were surveyed in the beginning of the financial year 2010-11 [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) likely to tax builders for every floor. Per-Floor Tax be introduced by the corporation in the coming days. The Brihanmumbai Municipal Corporation (BMC) may put a cost on the city’s growing skyline. The Shiv Sena has said it wants to tax developers (for every floor) as they attempt to go [...] Continue Reading »
The government, in the Budget of 2009-10, announced a scheme of one per cent interest subvention in respect of individual housing loans up to Rs 10 lakh, provided the cost of unit does not exceed Rs 20 lakh. The scheme was valid till September 30, 2010, with an initial allocation of Rs 1,000 crore. During [...] Continue Reading »
Budget 2011-ASSOCHAM has demanded an extension for deduction of interest on Housing Loan and recommended that the time limit be extended to 5 years Associated Chambers of Commerce and Industry of India (ASSOCHAM) has demanded an extension for deduction of interest on housing loan. As an apex industry body, ASSOCHAM represents the interests of industry [...] Continue Reading »
The Reserve Bank of India on Tuesday said Non-Resident Indian (NRI) would not be eligible for incentives on interest on home loans of up to Rs 10 lakh. The central bank said in a notification. The central bank said the notification follows the recent clarifications issued by the government. The government, in the Budget of [...] Continue Reading »
The city’s most expensive apartment is coming up in bustling R S Puram Coimbatore. For the first time, a fully air-conditioned flat in the city has been priced at a record Rs 2 crore. Exorbitantly priced luxury apartments are cruising into Coimbatore’s landscape now. The city’s most expensive apartment, being developed by Coimbatore-based Foundation One, [...] Continue Reading »
The commissioner ordered the officials to send a notice to the building owner and to seize the construction materials of building which dumped building material on road and creating traffic problem in the area. BBMP commissioner Siddaiah inspected under construction building in RT Nagar which had dumped building materials on the road due to which [...] Continue Reading »
