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Commercial Property

Real estate in India faces funding problem

Real estate in India faces funding problem
Indian real estate is going through a slowdown amid stagnating sales and facing funding issues with foreign investors. Private equity firms focussing on real estate are facing difficulty to raise funds through foreign high net-worth individuals (HNIs) and institutions. According to experts, both international and national PE firms are not able to close funds if [...] Continue Reading »

RBI relaxes provisional norms to attract loan seekers

RBI relaxes provisional norms to attract loan seekers
Delhi- NCR : Finance Ministry has asked Reserve Bank of India (RBI) to relax the provisional norms depending on the infrastructure of the buildings. This will help the banks to lend attractive home loans to the buyers. The rule is that all the banks have to keep aside an amount equal to the one percent [...] Continue Reading »

Rs 362 crores property tax collected by KMC

Rs 362 crores property tax collected by KMC
Till November 2012 the Kolkata Municipal Corporation has collected Rs 362 crores as property tax compared to Rs 317 crore in the same period last year. Debabrata Majumder, Member Mayor-in Council (MMIC) Revenue told that they have set a goal for collecting a minimum amount of Rs 700 crores property tax in this financial year. [...] Continue Reading »

Blackstone offers Rs 560 cr to buy a part in UB City

Blackstone offers Rs 560 cr to buy a part in UB City
Bangalore- Vijay Mallya’s investment holding company UB Holdings has got a jumbo offer by Private equity giant Blackstone, revealed sources. The PE firm has offered around Rs 560 crore to the company to buy out the prime office and retail real estate blocks in UB City, the biggest commercial property project in Bangalore. As an [...] Continue Reading »

Rental value for office space in Chennai remains constant

Rental value for office space in Chennai remains constant
Chennai’s office market is stable and there is no increase to the last year’s activity levels. This commercial market is especially driven by the demand from ITES or IT comapanies. According to property consultant, vacancy level is decreasing and there is an inch rise in the rental values in selected areas. According to the range from 8-11 [...] Continue Reading »

SDMC sends notices to property tax defaulters

SDMC sends notices to property tax defaulters
The South Delhi Municiapal Corporation (SDMC) has decided to tackle the issue of property tax payers who have not been paying tax as per the rules. The civic body has taken on the property owners who have got the nature of their property converted from residential to commercial, but have been paying property tax as [...] Continue Reading »

Commercial tax likely to be increased in Chandigarh

Commercial tax likely to be increased in Chandigarh
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 »

Gulf Oil Corp enters joint venture with Hinduja Estates

Gulf Oil Corp enters joint venture with Hinduja Estates
Gulf Oil Corporation Ltd has entered into a joint development pact with Hinduja Estates for development of the 76 acre company land in Hyderabad. As per sources, the project is to be completed in five-six years and will be located at the company’s campus close to the busy residential-cum-business hub in Kukatpally. As per agreement, [...] Continue Reading »

Investors buy key commercial spaces to rent them out

Investors buy key commercial spaces to rent them out
Wealthy investors are buying key commercial lands and renting it out to earn a fixed rate of interest. There is constant demand for such prime business spaces and builders get high income by renting them out. Wealth managers are of the opinion that rich investors are booking important business spaces or buying out pre-leased commercial [...] Continue Reading »

Commercial properties in Ahmedabad are 20 percent cheaper

Commercial properties in Ahmedabad are 20 percent cheaper
The cost of commercial properties in Ahmedabad has started sliding down. The office spaces are getting sold at 20 percent less price than the present market rate. The supply of the commercial property space has increased to 30 lakh sq ft. As the real estate investors are exiting the market, the cost of the properties [...] Continue Reading »



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