Uncategorized
As the rate of service tax and excise duty has been increased in the budget, the property price in India may not reduce in near future. According to a report, the amendments made by Development Control Regulations (DCR) will increase the project construction costs for builders. The modified rule have revised the calculation of the [...] Continue Reading »
The traffic chaos at outer ring road (ORR) in Bangalore is forcing its commuters to take the service road. The residents as well as the commuters who travel from Central silk board junction to HSR Layout 14th Main have nothing to do but to get annoyed on the local civic body. Such bad is the [...] Continue Reading »
It is found that the cost of properties in Mumbai has been increased by 87% in last 4 years. According to the economic survey report, the price of the properties is increased in a range of 43% to 166% throughout India. The report says that the cost of land in Mumbai is increased as the [...] Continue Reading »
The realty market in India is in a bad shape. The expectation of the sector on the budget was not fulfill to that extent. The good news for the realty sector is the allowance of External Commercial Borrowings for low cost affordable housing projects. The withholding tax also reduces to 5% from 20% on ECBs [...] Continue Reading »
The market scenario in real estate in Mumbai is under a huge crisis. The sale rate is decreased to an extent in last few months leading to a fund crunch for the sector. The sector did not get any better offer from the budget 2012 other than affordable housing projects are allowed to access External [...] Continue Reading »
Due to the cash crunch in the real estate market, the builders are coming up with new option to sell their projects. As the sales in real estate market is considerably low, the cash flow also reduced. It is not easy of getting bank loans now a days for the builders. To enhance the cash [...] Continue Reading »
It is observed that the completion of many residential projects in Mumbai are delaying now a days. Analysts says that the delay is due to the reduction in the sales in the property market. It is reported that more than 65% of the projects are being delayed in a range of six months to three [...] Continue Reading »
The real estate sector exceeds the expectation from the Budget 2012. The most important announcement made by the government by allowing the external commercial borrowing (ECB) in the construction of affordable housing projects. Also the government gave a relief to the sector by reducing the withholding tax on ECB for affordable housing projects. The real [...] Continue Reading »
If you own your own transportation in Mumbai, probably you would know the traffic scenario during the weekends. Also, if you have plans to spend weekend outings in Mumbai city, traffic is sure to ruin your it. The Oberoi Mall Road in Mumbai is not spared, especially vehicles taking a U-turn from Goregaon station road [...] Continue Reading »
World Spa residents who had filed a petition against the builder has been rejected. The petition was filed questioning the maintenance provided by the builder to the project. Now, The World Spa Apartment Owners Association (TWSAOA) is collecting maintenance charges as against builder. So, the builder wants to refrain the resident body to do so. [...] Continue Reading »
