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Real estate in Mumbai

HDIL to sell commercial complex in Mumbai : debt-reduction strategy

HDIL to sell commercial complex in Mumbai : debt-reduction strategy
There is a new trend which is visible in the market. The realty sector is grappling with the economic slowdown and reeling under the pressure of debts. To reduce the debt burden, many realty players are selling off their debts and using that fund to partially pay off their debts. Following the same path, realty [...] Continue Reading »

MMRDA, Cidco team up to develop Mumbai Trans-Harbour Link and multi-modal corridor

MMRDA, Cidco team up to develop Mumbai Trans-Harbour Link and multi-modal corridor
Maharashtra state developmental agencies Mumbai Metropolitan Region Development Authority (MMRDA) and City and Industrial Development Corporation (Cidco) have teamed up to expedite the construction of the delays-hit Mumbai Trans-Harbour Link (MTHL) and the multi-modal corridor projects. According to the information shared by an unidentified official, both MMRDA and Cidco have joined forces to speed up [...] Continue Reading »

New property launches in Mumbai slowed down

New property launches in Mumbai slowed down
In the Jan-Mar 2013 quarter, Mumbai has witnessed a slow down in the property launches. If sources are to be believed, then it was less than the Oct-Dec 2012 quarter launches which may be due to festivals like Diwali. As per research firm Liases Foras, in the Oct-Dec 2012 quarter, all over India including Mumbai [...] Continue Reading »

Government issues audit structural stability of buildings

Government issues audit structural stability of buildings
In order to put a stop to the rising illegal constructions in Mumbai, the government has issued directives to inspect stability of both new and old buildings in urban and semi urban areas in the state. This is not the first time such an order has been issued. After a Borivli building collapsed, a structural [...] Continue Reading »

Home loan shows slower growth as against previous years

Home loan shows slower growth as against previous years
Despite cuts in interest rates in home loans by banks, the growth in this segment has dipped as against previous years, as per Reserve Bank of India’s credit data. The trend of availing home loan to the housing sector was 13.3 percent in January 2012 which has dipped down to 12.3 percent in January 2013. One reason for [...] Continue Reading »

Home loan tax deduction, a boon to realty developers

Home loan tax deduction, a boon to realty developers
The home loan incentive which was announced recently by the Finance Minister with the Union Budget 2013 has been the talk since its release. The real estate developers are the group who can cheer the most with the incentive. One can claim the tax deduction only if his/her loan amount is less than Rs 25 lakh. Also, it has [...] Continue Reading »

Home loan tax deduction restrictive for home buyers: Budget 2013

Home loan tax deduction restrictive for home buyers: Budget 2013
With release of Union Budget 2013, the Finance Minister has proposed to offer deduction in tax on home loans to first time home buyers. This initiative has brought some cheer for the home buyers as there was no significant tax reliefs in the past. One can claim the deduction at tax only if your loan amount is [...] Continue Reading »

Hike exemption limit on home loan interest: Builders’s Association

Hike exemption limit on home loan interest: Builders’s Association
With the Union Budget to be presented in a week, Builders’s Association of India (BAI) expects a hike in exemption limit on the interest in home loan. At present, the exemption is set at Rs 1.5 lakh which the builders want to be set at Rs 3 lakh. The builders demand the Finance Minister to [...] Continue Reading »

South Mumbai properties likely to see a boost

South Mumbai properties likely to see a boost
Bangalore- One of India’s most expensive real estate destinations, South Mumbai is expected to see a revival this year after a long gap of one year. The key reason for the boost in the realty sector in this region is due to the fact that the developers are all set to launch their projects alongside [...] Continue Reading »

Revised ready reckoner rules out black money in Mumbai real estate

Revised ready reckoner rules out black money in Mumbai real estate
With the new ready reckoner (RR) in place by the state government, the black market in real estate sector is going to get dull. The use of black money in real estate transactions will be minimal. As per experts, the revised RR rates are equal to market rates at most of the localities in Mumbai. [...] Continue Reading »



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