Property
Subrata Roy and the two Sahara directors are in the prison for over four months now, and are waiting for the Supreme Court (SC) to declare its verdict soon. The Sahara versus SEBI (Securities and Exchange Board of India) case has reached a crucial stage because the Supreme Court is likely to decide shortly on lifting [...] Continue Reading »
Speaking recently at a workshop organized by Confederation of Real Estate Developers Associations of India (Credai) – National for builders in Pune, Satish Magar, vice-president of the agency said that The Maharashtra Regulatory & Development Act (MHRDA), 2012, is committed to bring more transparency and accountability, thus, helping both builders and property buyers. Magar said [...] Continue Reading »
Online space is projected to be the very important medium for property buying. Until now it was restricted to checking designs and prices of properties. However, it may take a few years before online property buying becomes as common as purchasing clothes, electronics or books by the click of a mouse. Real estate companies inform [...] Continue Reading »
The financial capital of India is still witnessing property transactions under astronomical price tag despite the fact that the country is struggling with high property prices. Lately, there have been reports of the iconic Bhabha bungalow on sale, which can prove to be the costliest affair in the market with the buyers. The property, located [...] Continue Reading »
The ‘Verified Property Show 2014′ is a property exhibition that invites property developers as well as over 500 investors to come together on a common platform in order to build trust and relationships in such a challenging real estate market. The property show looks towards the genuine residential and commercial investors who are aiming to [...] Continue Reading »
Rating agency ICRA recently said that some stress might be seen in the asset quality of housing finance companies (HFCs) in the current fiscal, ending March 31. This is due to their push on riskier segments like lending against property and to self-employed people. The total housing credit outstanding as of December 2013 is being [...] Continue Reading »
Bangalore- The Bangalore Development Authority (BDA) issued notices to 12 property owners in Kengeri for installation of mobile towers on the terrace of their homes. The authority claims that renting out terrace portion to any telecom company for setting up their mobile towers is in violation of the rule that residential property cannot be used [...] Continue Reading »
New Delhi- A report released by the Knight Frank Investment Advisory, stated that due to the increased property prices ranging from Rs. 3,200 per sq ft to Rs 15,000 per sq ft, there will be an increase in the property buying with real estate acting as a promising asset in the coming years. Mumbai leading the first [...] Continue Reading »
Gurgaon- In a recent announcement concerning the new tax policy, it was insisted by the zonal taxation officials that residents ready to pay their arrears for the financial years 2008-09 and 2009-10 should follow the old tax policy. However, the residents are not quite happy with that as the tax amount is much lesser when calculated as [...] Continue Reading »
Chennai- Income-Tax Appellate Tribunal (ITAT) of Chennai affirmed that the interest on home loans will continue to be out of the tax net despite the property gets sold later on. The interest paid on loans is surely an expenditure that should be taken into account while computing the income from housing property as well as [...] Continue Reading »
