Houses
As per a report by Goldman Sachs, during the fourth quarter of 2013, the volume of residential units sold in Gurgaon and Mumbai has come down by 77 per cent and 45 per cent, respectively. However, by value sales in Bangalore went up six per cent year-on-year, while those in Gurgaon and Mumbai went down [...] Continue Reading »
In a recent announcement made by District Collector S A M Rizwi,Hyderabad, stated that there was no point in making rounds to the Collector’s office as the allocation of houses will be done on seniority basis. Earlier this week, the program ‘Mee Kosam’ resulted in people sending various applications to the collector. The applications sent by [...] Continue Reading »
Indore Municipal Corporation (IMC)’s drive against property tax defaulters continues as it has attached four more houses and flats in the city. The civic body has taken up stand against big property tax defaulters to raise revenue. It has also put up notices on nine vacant plots that the property has pending tax dues and therefore [...] Continue Reading »
The Indore Municipal Corporation (IMC)‘s crusade against tax defaulters continues. On Monday IMC attached seven properties including houses, flats, schools and commercial units and issued attachment notices to three for non-payment of property tax. The properties attached have tax dues between Rs 70,000 and Rs 3 lakh. The civic administration says that more properties will [...] Continue Reading »
The housing and urban poverty alleviation ministry has stated that of the 17.95 million housing units that came up in the country between 2007 and 2012, 11.09 million houses, or nearly 62%, are either vacant or locked up. It throws a light on the practice of buying houses not for staying there but just to [...] Continue Reading »
State Bank of India (SBI) has revealed that it has cut its annual home loan growth target by up to 10 per cent age points. The biggest lender of the country has to revise their target due to sluggish growth in property market. The bank cut its home loan rates on Wednesday by up to [...] Continue Reading »
Good news emerge for economically weaker section as National Housing Bank (NHB)has slashed its refinance rate by up to 100 basis points for home loans not exceeding Rs 5 lakh. NHB said it has reduced the rate to promote affordable housing finance for low income people in urban areas. It has been pondering schemes for [...] Continue Reading »
Brick Eagle Capital Group is the latest to enter the low cost housing sector. It plans to invest Rs. 200 Crore in five projects of Xrbia Developers Limited. Xrbia is an affordable housing venture promoted by the Eiffel group. The proposed five projects will come up in the area of Karjat, near Mumbai, on 150 [...] Continue Reading »
Income tax (I-T) officials from Rajkot, Ahmedabad and Surat, on a key operation, carried out searches at 26 and surveys at 25 premises belonging to three builders in the city on Tuesday. The officials are inspecting the offices and houses at Varachha, Katargam, Nana and Mota Varachha and project sites at Vyara in Tapi district, [...] Continue Reading »
How annoyed would be the property buyers when they were promised to get their houses within two years from the time of booking. Similar is the case in the national capital region Delhi NCR. One of the residential projects commenced during year 2005-06 has not yet been completed which was supposed to be handed over [...] Continue Reading »
