Kolkata
Delhi- After five years from now, a common man would find it very difficult to afford a house in Delhi, predicts a survey. The current average price of a house in Delhi is Rs. 1.93 crore whereas in the next five years, it is estimated to hit Rs. 3.27 crore which signifies an increase of [...] Continue Reading »
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 »
Ballygunge has witnessed a strong demand for residential property which in turn pushes the funding prices. The area has well-developed commercial infrastructure as well as uncomplicated connectivity to any section of Kolkata. The modern projects unveiled furthermore boost require as well as go up within prices. Ballygunge is known as one of the prime localities [...] Continue Reading »
Owners of multi-storeyed buildings will be fined if they are caught throwing waste on the street. The KMC Act stated that the Kolkata Municipal Corporation can set a fine as high as Rs 5,000 for littering streets, but however, the amount can differ from person to person. Debabrata Majumder, MMiC, solid waste department, said that [...] Continue Reading »
Kolkata- While hunting the targeted revenue, Kolkata Municipal Corporation found that around 3000 properties around Behala and Jadavpur were not estimated. The civic body have been needy to find ways to improve income ever since the Unit Area Assessment method to regulate property tax dropped through. Khalil Ahmed, Municipal Commissioner, issued a circular to the [...] Continue Reading »
Delhi/NCR- Most home buyers are quite baffled whether to buy or rent a home in a metro city. However, the increased costs of the property in prime areas along with the suburbs have made housing a difficult option in metropolitan cities especially for the middle income class. According to various analysis based on rental and property values [...] Continue Reading »
According to research firm Liases Foras, the construction of nearly half of the 3,23,000 homes scheduled to be delivered in 2013 are lagging behind. At least a third of these will not be ready even before 2014. A survey by the company has revealed that three of every four homes to be delivered in 2014 [...] Continue Reading »
Kolkata-based non banking financial corporation (NBFC) Magma Fincorp has entered the housing finance sector in India. It has acquired the mortgage business of two GE Capital India arms for Rs.1,600 crore. The deal marks the exit of GE Capital’s two decades of home loan business in the country. The concerned GE Capital arms are – [...] Continue Reading »
Despite the higher interest rates and economic slowdown, housing prices remained firm followed by limited supply, according to a Nomura report. The supply has also been limited for fewer projects in key markets like Mumbai, Delhi and other dues to the government approval delays. A recent report by the Reserve Bank stated that the house prices [...] Continue Reading »
The Bidhannagar (Salt Lake) municipality has collected Rs 80, 81,000 as property tax and started sending bills to all the residents. Around 1,696 owners have paid property tax accounted to Rs 80,81,000 till the last day of October. According to the municipality chairman Ashesh Mukherjee, the municipality is expecting to collect Rs 9 crore as [...] Continue Reading »
