Property sale
The “vendor takeover” process should protect the interest of all the parties involved and also should satisfies the objectives between the three entities namely property owner, builder, new buyer. What is vendor take over? People are in need of selling their half constructed home in need to buy new homes and also due to outstanding [...] Continue Reading »
In an exercise that was aimed at checking the black money, economic intelligence agencies have started identifying instances where proceeds from the property sale have been suppressed in a bid in order to defraud the government of revenue from stamp duty. The government may also form a database of the suppressed sales proceeds in order [...] Continue Reading »
Property prices in the upmarket residential areas of South Delhi have dropped by 20 per cent. Slowdown in sales is forcing builders to settle for less as they are under pressure to cut inventory. According to analysts, the market is fast becoming a buyers’ market. Of the 368 apartments that have been released into the [...] Continue Reading »
At a time when real estate sector is riding on a low tide, developers Prestige Estates have been able to register a rise in their profit. Prestige Estates’ net profit has risen 35.4 per cent to Rs 49.3 crore in the April to June quarter. Turnover stood at Rs 246.4 crore, down by 6 per [...] Continue Reading »
Residential property sales across Bangalore have dropped up to 40 per cent in April-June quarter as compared to the peak of Q4 2012. The city’s realty markets, where real estate sales are largely driven by IT clientele (60-65 per cent), have been going through a sluggish period. According to Karvy Institutional Research, a brokerage firm, [...] Continue Reading »
As per the report of the sale registration in Ahmedabad, it is found that the real estate industry in Ahmedabad seems to be going through a bad phase. Property sale deed registration in Ahmedabad has decreased by 20% in last one year compared to previous year. According to the real estate builders of Ahmedabad, this [...] Continue Reading »
Though the real estate market in India saw a good rate of sales of apartments in 2011, the property market in Mumbai witnessed a downfall in property sale. The major reasons of less number of sale of apartments in Mumbai are the high price of apartments. On the other hand the demand for new apartments [...] Continue Reading »
Can you just imagine a residential flat costing Rs 1.11 lakh per square feet? This is recorded as the highest deal in India under residential apartment sales. An apartment in Cuffe Parade’s Jolly Maker 1 in Mumbai city at 21st floor fetched Rs 29 crore. However, sometime ago the highest recorded apartment price was Rs [...] Continue Reading »
