Commercial properties
Developers in Hyderabad are all geared up to plunge into real estate as the competitive pricing has boosted their confidence. The city is also witnessing a great change in terms of commercial properties as firms like Amazon, TCS and Oracle have been expanded. It is predicted that the absorption rate of both commercial and residential properties will create [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) is planning to double the tax, so the residential property owners have to pay more tax. According to the authorities, property tax of commercial properties in L B Nagar, Uppal, Malkajgiri and Qutubullapur municipal circles may be cut by 15-20%. GHMC is to raise minimum property tax to 80 [...] Continue Reading »
Through real estate fund that focuses commercial property is suppose to raise up to Rs 500 crore in the top seven cities of India by Azure Capital. India reality fund II, will be launched by Azure Capital, that will totally focus on commercial properties across the seven cities of India. The investors will focus on [...] Continue Reading »
The Secundrabad Cantonment Board (SCB) has set triennial revenue target at Rs 60 crore. It has completed the triennial revision of property tax of around 300 commercial establishments in its jurisdiction. SCB has done the triennial revision after a gap of 10 years. Cantonment Board had formed special teams and visited all the commercial properties [...] Continue Reading »
Around 20,000 property owners from the South Delhi colonies like Green Park, Lajpat Nagar and Hauz Khas are to face criminal charges for not paying the property tax. About 1000 notices were sent to property owners by the property tax department of South Delhi Corporation. Around 30,000 properties in three of the four zones of [...] Continue Reading »
Property tax for the commercial properties located within a radius of one kilometres from a Metro line may soon see a hike, however residential properties will be spared from the hike. All five-star and three-star hotels, private hospitals and industrial areas in the city will also be brought under the same tax net. Leaders of [...] Continue Reading »
The SGS Mall has said that the Pune Cantonment Board (PCB) has made an increase of 900 per cent in the annual property tax. Subhash Gulati, CMD, SGS Mall said the mall was paying an annual property tax of Rs 19.54 lakh every year adding that in 2010 the PCB revised the property tax of the mall, increasing it [...] Continue Reading »
The tax on commercial property in Chandigarh may be increased in near future. The issue is to be taken up at the meeting of the House Tax committee to be held in the coming days and the extent of the increase would be decided after a discussion at the meeting. Property tax on commercial property [...] Continue Reading »
The property tax in Mysore is likely to go up from 50 per cent to 500 per cent, once the amended Karnataka Municipal Corporations Act comes into force. The amended act paves the way for more revenue generation on the part of the city civic body. Before the amendment, the maximum rate of property tax [...] Continue Reading »
Red Fort Capital Advisors Private Limited, based in Delhi, an India focused real estate PE firm, is planning to raise $500 million real estate fund next year to invest into residential and commercial properties across the country. The real estate PE fund had earlier raised $500 million in January from overseas investors. The firm’s institutional [...] Continue Reading »
