Real estate business
The decision of the Ministry of Local Bodies to exempt charging the Change of Land Use (CLU) fee within municipal limits has raised the hope of some revival of the now dormant real estate business in the state. Minister for Local Bodies, Anil Joshi has in a recent announcement said the CLU fee has been [...] Continue Reading »
A senior executive of an industry chamber expressed his concerns over the issues and told the slightly shocked audience that the property prices will rise in the next few days. Hence his suggestion to everyone was to buy apartments now before the price hike. There are a lot of speculations behind the reasons which may fuel [...] Continue Reading »
Sony Corp is soon going to enter into real estate business in August. The company has plans to take the unit public in three years. The company recently set up a real-estate unit in Tokyo. It plans to generate annual sales of 50 billion yen ($488.4 million) in five years. The real-estate entry marks the [...] Continue Reading »
Delhi- In order to promote low-cost housing projects, the government is planning to allow foreign direct investment (FDI) in such projects, subject to a host of conditions, including a lock-in period and minimum capital requirements. At present, FDI is banned in the real estate business but 100 percent FDIis allowed in the construction development projects [...] Continue Reading »
Kozhikode- With the boom in real estate business, there has been an increased number of property disputes in Kozhikode. Out of the total cases, about 50 percent of the cases were regarding property disputes among families. According to a commission, there were about 86 property dispute cases during an adalat session. The key reasons for the increased [...] Continue Reading »
Post the opening of its first premium resort in Coorg, Karnataka, Tamara Real Estate plans for expansion. Aiming at future business growth, it eyes on expansion in Kodaikanal and Alappuzha with similar resorts. Tamara Real Estate Holding has set up The Tamara Hospitality in which Infosys’ co-founder S D Shibulal daughter Shruti Shibulal is the [...] Continue Reading »
Fitch Ratings has upgraded Ansal Housing and Construction Ltd’s long-term rating and declared it stable. The rating comes as a good sign to the real estate industry as Ansal has been one of the major and reliable players with over two-decade experience in the domestic real estate business. The rating reflects regular servicing of term [...] Continue Reading »
Owing to declining sales and liquidity crunch scenario, real estate developers of Ahmedabad are looking for innovative offers to attract buyers. Developers and promoters are offering schemes like free parking, interest free EMIs, free club membership, and varied discounts to buyers though they may not offer direct cash discounts. Local developers in Ahmedabad have not [...] Continue Reading »
The Karnataka government has planned to acquire one lakh acres of land to give it to the investors at the GIM. The government has already included over 40,000 acres of acquired land to the land bank. But the protestors are stating that the government is acquiring surplus land using GIM as the pretext and turn [...] Continue Reading »
Mahima Worldwide Developers Pvt Ltd is a company with diversified interests like Real Estate, Marketing, Agritech etc. Mahima Groups is a leading real estate developer. The group has different residential projects in Bangalore and Patna. Mahima Group has constantly demonstrated ethical and transparency in real estate business practices. Mahima builders have a voracious urge to [...] Continue Reading »
