Real estate in India
Keeping in mind the assembly elections, the Congress will be using development as their trump card to win third time consecutively. Thinking about the winning strategy, the Congress government had already announced new infrastructure projects, which might get completed by the elections or towards the end of it. According to Mr. Rajkumar Chauhan, Public Works [...] Continue Reading »
Due to an inordinate delay in a project in Sector 61 to 65, a group of home buyers have lodged a complaint with the Gurgaon Police against ABW Group. The buyers have paid between Rs 10 lakh and Rs 25 lakh after the project was introduced which was two and a half years ago. The [...] Continue Reading »
To support housing for the poor, the Ministry of Housing and Urban Poverty Alleviation has been planning to raise the cap on the interest subsidy scheme from the present Rs 1 lakh to Rs 5 lakh. The scheme of Interest Subsidy for Housing the Urban Poor was started in the late 2008 in order to [...] Continue Reading »
The housing and urban poverty alleviation ministry (HUPA) minister Ajay Maken presented a new proposal requesting infrastructure status for housing sector and one-year extension of tax relief under Section 80-IB. HUPA asked he infrastructure status for the housing sector under Section 80IA of the income tax Act. The extension of the exemption for the service [...] Continue Reading »
Bhubaneswar- Real estate developers in Odisha came up with different opinions on the proposed realty regulation bill. Although all sections have given their consent to the proposal of Real Estate Regulatory Authority (RERA), they are dissatisfied with the various clauses and liability provisions in the bill. The proposed bill is expected to be put forth [...] Continue Reading »
The real estate sector in National Capital Region is booming fast due to which, from millennium city, it has turned into a haven for property fraudsters. From past five years the property fraud cases have increased by about 35 percent in every single year in Gurgaon. The record is crossing the limits day by day, [...] Continue Reading »
Spectra Constructions Pvt Ltd is coming up with its new project Spectra Raintree, located near Richards Park, which is about 75 metre from the main road and is away from all the hustle and bustle of the city. The project is just minutes away from major educational institutions, supermarkets, parks, entertainment zones and healthcare centres. [...] Continue Reading »
The state telecom Mahanagar Telephone Nigam (MTNL) has mandated a consortium led by the global real advisory firm DTZ to unlock roughly Rs 5000 crore from the land holdings in Mumbai and Delhi. The company also said that the land can be given for sale, lease and redevelopment through public-private partnership as a part of [...] Continue Reading »
Karnataka government may offer incentives for projects outside Bangalore (Tier II and Tier III cities) in order to take the pressure off Bangalore, which is considered the most preferred location for investment purposes. With an intend to promote healthy and balanced regional development of the state, Karnataka government aims to offer incentives for investors putting up industrial [...] Continue Reading »
Delhi NCR is not only rising in residential projects but it has emerged as a hot property place for IT and IT-enabled services industry with many large companies setting up their businesses here. Noida and Gurgaon are becoming the hot and preferred destination for companies like IT’s, BPO, BTO and KPO services in various domains [...] Continue Reading »
