Realty News
Mumbai, the country’s financial capital, is expected to lead a fall in property prices owing to buyers’ resistance to higher prices, rising interest rates, tightening of credit to developers and excess supply. The cash flow of realtors that is getting affected by this fall in sales volume and a crunch in the supply of credit [...] Continue Reading »
In a major relief to over five lakh site owners in the city, the BBMP council on Wednesday approved recommendations for the amendment of the Karnataka Land Revenue Act, which enables site owners to obtain khata by paying improvement and conversion fees to the BBMP. According to the taxation and finance committee chairman P N [...] Continue Reading »
Housing societies feel this is the right time to redevelop their properties and encash on it. More than 15 housing society redevelopment proposals in Mumbai and suburbs have come up in the past three weeks. This is mainly because residents want to take advantage of the current high property prices. Currently, they are in a [...] Continue Reading »
A group of applicants for new DDA flats on Sunday demanded that tenements should not be offered to those who do not reside in the capital. Stating that the national capital was reeling under severe shortage of dwellings for its own population, The DDA Flat Applicants Association sought exclusion of non-Delhi residents from the Delhi [...] Continue Reading »
India, particularly Mumbai and New Delhi, are ranked the foremost real estate market destinations as the residential properties have maintain the growth momentum. India has been ranked as the most preferred real estate destination among the Asia Pacific according to ULI-PwC report. The Urban Land Institute (ULI) initiates research that anticipates emerging land use trends [...] Continue Reading »
The bureaucrats and politicians colluded with the private builder to grab the 30 acres of forest land in Pune. A special committee probe has found that 30 acres of forest land worth Rs. 1000 crore in Pune was sold to a private builder for mere Rs. 2 crore. The case is now in the Supreme [...] Continue Reading »
An NRI/PIO is allowed to send abroad up to $1 million from the sale of property in any one financial year.This amount should be the sale proceeds of property inherited by him out of rupee funds. The $1 million remittance can also be made from the balances held in Non Resident Ordinary Rupee (NRO) Accounts. [...] Continue Reading »
The residents of the upscale Sadashivanagar had wanted the civic authorities to either restrict movement of vehicles on 18th cross road or to provide them with more parking space. BBMP responded to it, saying it would widen the road at the cost of pavements to give residents their desired parking space. Now the civic body [...] Continue Reading »
DDA realized its responsibility for the maintenance of the flats, will other builders too rise to the occasion and provide the much needed after-sale service to their clients? For the first time, the Delhi Development Authority (DDA) will now provide maintenance of the flats that are part of its latest housing scheme for the next [...] Continue Reading »
Updated on 30-9-2014 Latest circular to Bruhat Bangalore Mahanagara Palike (BBMP’s) revenue officials asked them to start collecting betterment charges for regularising sites which came into existence through land conversions. It is estimated that these collection of betterment charges would levy additional Rs. 500 crore revenue for the Palike with the fixed betterment charges ranging [...] Continue Reading »
