joint development
If you are thinking about buying a couple of apartments after selling your dilapidated ancestral home, then be prepared to shell out a hefty sum in capital gains tax. The new Budget has capped tax breaks available to such property buyers. This has been done through a seemingly innocuous tweak in the language of Sections [...] Continue Reading »
Brick Eagle Capital Group is a private equity and land-banking firm. It advises low-cost housing developers. The group is planning to raise $100 million from offshore investors mainly to acquire 1,000 acres of land in and around Mumbai this year. It has zeroed in on the investments to be made. The plan is to house [...] Continue Reading »
The Karnataka High Court on Tuesday directed the Commissioner of the Bruhat Bangalore Mahanagara Palike (BBMP) to file an affidavit on the plan of action relating to reconstruction of 1,640 flats for the eligible persons from economically weaker sections (EWS) at Ejipura. The BBMP had constructed 1,512 flats spread over 42 blocks and allotted them [...] Continue Reading »
Godrej Properties Ltd (GPL), the real estate arm of the Godrej group, said on Monday it had created a Rs 770-crore development fund to develop residential properties in India with a clutch of global investors, including Dutch pension services provider APG and Sparinvest Property Fund II. The fund will invest and develop three to five [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) has planned for a joint venture with private developers to construct residential apartments in Mumbai. MHADA took this decision, as the cost of the properties are rising beyond the reach of the common man and there is a huge difference between demand and supply of residential apartments in [...] Continue Reading »
