Properties
Godrej Properties is all set to redevelop a residential property of a private society in Ghatkopar, Mumbai. Mumbai based Godrej Properties, the real estate development arm of Godrej group, will be adding another redevelopment project to its portfolio with this one. The project spread over 2.5 acres will offer around 185,000 sq ft of free [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India, Coimbatore will organise a three-day property fair at CODDISSIA Trade Fair Complex from August 17. The fair is to feature properties of 30 member developers apart from housing finance companies that will provide home buyers with instant home loan processing options. The organizers state that number of [...] Continue Reading »
Over four lakh flat owners in Maharashtra, who had bought properties between June 20, 2006 and March 31, 2010, may have to pay Value Added Tax (VAT) to the state government. As the state government plans to recover VAT, a trade circular is issued by the Maharashtra sales tax commissioner on August 6. The tax [...] Continue Reading »
The flat owners are to be benefited by the new proposed bill in the state of Rajasthan. The state government on Monday introduced the draft of a new law – Rajasthan Apartment Ownership Bill, 2012 – giving more room to the flat owners. The new bill allows the families in flats access to common or [...] Continue Reading »
DLF has signed a binding agreement with Mumbai-based Lodha Developers and the Rs 2,700 crore deal is expected to be completed by the end of October 2012. To finance the acquisition, Lodha has initiated talks with private equity players. Abhishek Lodha, managing director, Lodha Group, stated that the Group plans to fund the purchase of [...] Continue Reading »
Property tax for the commercial properties located within a radius of one kilometres from a Metro line may soon see a hike, however residential properties will be spared from the hike. All five-star and three-star hotels, private hospitals and industrial areas in the city will also be brought under the same tax net. Leaders of [...] Continue Reading »
The SGS Mall has said that the Pune Cantonment Board (PCB) has made an increase of 900 per cent in the annual property tax. Subhash Gulati, CMD, SGS Mall said the mall was paying an annual property tax of Rs 19.54 lakh every year adding that in 2010 the PCB revised the property tax of the mall, increasing it [...] Continue Reading »
The Chandigarh Municipal Corporation has finally started the exercise to impose property tax on residential properties in the city. The accounts wing of the corporation has wrote to 25 government departments and organizations besides housing societies to submit details regarding their residential accommodations in the city within a period of one month. The information has been sought from Chandigarh [...] Continue Reading »
Residents of Shalimar Township on AB road, one of the largest townships in Indore are facing trouble due to the construction of BRTS corridor. The 1000 plus vehicle owners of the township demand that there should be crossing on the lane as abrupt end to the service lane on either side of the entry to [...] Continue Reading »
Recent data shared by analysts show that four years after a property price bubble burst in Dubai, triggering a slide that cut home prices more than 60 per cent from their peak, the market finally appears to have stabilized. The real estate market of Dubai is on the road of recovery and Indian buyers have [...] Continue Reading »
