cost of construction
A large number of home buyers in India are awaiting reduction in property prices to get the best real estate deals. In order to reduce the prices, the Finance Minister P. Chidambaram recently directed all government-owned banks to force real estate developers to lower the prices, which in-turn is expected to beat the economic slowdown. [...] Continue Reading »
A bunch of petitions were dismissed by the Bombay High Court as the petitions challenged the state government’s decision to levy the builders with a 5% Value Added Tax (VAT) on buildings which were under construction from 2006 to 2010. This rule was declared a day before the tax payment deadline. Justice Dhananjay Chandrachud and Justice Rajesh [...] Continue Reading »
The cost of construction is increasing in Coimbatore. The increasing cost of construction material as well as the cost of labour has guided the rising curve for the properties in Coimbatore. Due to the scarcity of land the construction of the properties are moving towards the suburbs of the city. The cost of land in [...] Continue Reading »
The government of India has decided to attract public-private participation, in National Highways projects. To implement the government strategy the NHAI has adopted Build-Operate-Transfer [BOT] (Toll) mode of delivery under public private partnership (PPP) as the preferred mode for development of highway projects. The cost of construction varies on different territory of India. To recover [...] Continue Reading »
Maharashtra Chamber of Housing Industry (MCHI) said that the state government is not helping the builders for constructing affordable housing. The government has not amended the constructing rule for the construction of affordable houses in Mumbai. The approval process is still taking long time which leads to increasing cost of construction. The government officials are [...] Continue Reading »
The construction work on the 7-km Holi- Uttrala tunnel at Himachal Pradesh will start soon. The proposed cost of construction is Rs 1571 crore. The detail project report has been prepared. The distance between Holi in Chamba district and Uttarala in Kangrawill be reduced by the construction of the tunnel. Presently any person has to [...] Continue Reading »
Real estate consultancy firms expects home prices to undergo high appreciation after six months. According to them potential home-buyers have a small window of opportunity over the next six months to buy real estate properties in India. The analysts found that builders will be able to maintain high cost of apartments as the demands will [...] Continue Reading »
The real estate analysts are expecting an increment in the cost of residential real estate properties in India. As the new launch of projects are improved in the major cities, the conditions of the builders will improve with the improved cash flow in next few months. Though the sale of apartments are not happening in [...] Continue Reading »
According to the different Realtors, the union Budget 2012 came up as a disappointing budget for the middle range of home buyers. Due to the rise in service tax the cost of construction of real estate projects will increase by Rs 50 to 150 per square feet from the coming April, 2012. External commercial borrowing [...] Continue Reading »
The budget has made the real estate sector disappointed. It is not only disappointing the real estate builders, but there is also no better announcement for the middle range home buyers. With the increase of the service and excise tax, the cost of construction will increase by Rs.50 to Rs.100 per square foot. The only [...] Continue Reading »
