Developers
The Associated Chambers of Commerce and Industry of India (Assocham) has reported that real estate demand has remained moderate. Even the festive season’s special offers failed to bring in husky demand for properties. The survey was carried out in major cities like Delhi-NCR, Mumbai, Bangalore, Chennai, Kolkata, Ahmedabad, Hyderabad, Pune, Chandigarh and Dehradun and gathered [...] Continue Reading »
Noida-Rather than preparing for their house warming ceremony, a large number of home buyers in Noida extension, who had booked their flats prior to the controversy related to the sale of land in the area are now struggling to sort it out with the developers as they are at a risk of losing their property. Buyers have [...] Continue Reading »
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 »
Property investments remains dull despite attractive offers and aggressive marketing. The reason for the slowdown in real estate is because of the high property prices and unusual rise in the cost of materials used for construction, says the ASSOCHAM survey. On the eve of festival, there was a growth of only 20 percent compared to [...] Continue Reading »
This festival season developers are planning to attract property buyers with special discounts and freebies. Several developers are rolling out special offers ahead of Diwali in metros and also in tier II cities such as Amritsar. SARE Homes and Impact Projects organized a two day Home Carnival or ‘Gharotsav’ on 3rd and 4th November 2012 [...] Continue Reading »
A developer has to pay the price for delay in delivery of flats to buyer in Gurgaon. District Consumer Disputes Redressal Forum has ordered a builder to pay Rs 20,000 as compensation to a resident for delaying possession of a flat. The complainant approached the consumer forum against the builder for not delivering the flat [...] Continue Reading »
Developers in Dubai are planning to come up with a replica of Taj Mahal worth one billion USD. The replica will be named as Taj Arabia and will be four times bigger than the original monument with one million sq ft of retail space including a 300 room hotel. Link Global, the firm behind the [...] Continue Reading »
Sources reveal that Maharashtra chief minister Prithviraj Chavan is not in favour of extending the deadline for paying value added tax (VAT) or reducing the tax rate on flat purchases. As the order of paying VAT has been handled by the high court, the chief minister does not want to extend the deadline or reduce [...] Continue Reading »
Many developers are rolling out special offers ahead of Diwali at the Maharashtra Chamber of Housing Industry’s (MCHI) on-going property exhibition at Mumbai Metropolitan Region Development Authority (MMRDA) grounds. Free parking space, club membership offers, removing stamp duty-registration and maintenance charges are some of the primary offers, while the most lucrative offer continues to be a [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) has called for the one per cent norm related to VAT payment to be adopted for the retrospective period between 2006 and 2010. The issue is pending with the Supreme Court, which had issued an interim order asking that the VAT on properties sold between the [...] Continue Reading »
