Realty News
Though the availability of resale units has been rather limited in Central Business District (CBD) areas, demand always exists from the location specific homebuyers. The demand for resale units is high particularly in areas like Lavelle road, Richmond road and Cunningham road, says Rebekka Ninan of RNU Partnership. The demand for resale apartments in and [...] Continue Reading »
The emergence of web as a powerful information platform has changed the way we search for information. Historically, consumers relied on local newspapers and local TV and radio stations to find local product and services. With the advent of the Web, consumers are increasingly using search engines to find these local products and services online. [...] Continue Reading »
People interested in purchasing immovable property in Gurgaon can get their sale deeds registered without any delay. They would get the copy of the registered sale deed on the same day. With this, Gurgaon became the first city of the state to offer hand-to-hand registration of properties. Gurgaon is one of Delhi’s four major satellite [...] Continue Reading »
Water pilferage by people who tap into the main supply lines has turned out to be a major headache for the BWSSB. According to a rough estimate, the city has a shortage of 300 MLD (million litres per day) of water. The Bangalore Water Supply and Sewerage Board’s (BWSSB) crackdown 5,000 illegal water connections in [...] Continue Reading »
With BBMP not providing complete information in TDR notices they despatch, residents are hiring land surveyors to measure their property for accurate data. In April, residents of Sarjapur Road received a notice from the BBMP, informing them about acquisition of a portion of their property for road widening. The notice says the road is to [...] Continue Reading »
There is good news for house buyers. In its revised discussion paper on Direct Tax Code, the government has proposed to allow the tax concessions on the interest paid up to Rs 1,50,000 during a financial year on home loan to buy a house for one’s own use. Similarly, the government had also decided not [...] Continue Reading »
At the meeting of Delhi CM Sheila Dikshit and the deputy chairman of planning commission for finalization of the city’s annual plan, city authorities informed the Planning Commission that RWAs and group housing societies will be entrusted with the task of collecting property tax in their localities. Authorities are hoping to improve the collection of [...] Continue Reading »
The Maharashtra State Consumer Commission recently directed a developer to shell out Rs 20 lakh at the rate of Rs 2,000 a day for a delay in giving possession of a shop premises to a purchaser. The purchaser Dharshi Dedhia was a tenant who a possessed a shop & godown in Rajhans building in Thane [...] Continue Reading »
The budget 2010-11 had imposed 10 per cent service tax on under construction property. The property is considered “under construction” till the builder receives a “completion certificate”. According to Source, Service Tax is applicable only on property under construction or where a completed building has not received its occupation certificate. If the entire amount for [...] Continue Reading »
