Real Estate Sector
Over 20,000 properties will be showcased in the price range of Rs. 15 lakh to Rs. 7 crore, in the annual property show of Confederation of Real Estate Developers Associations of India (Credai), Chennai. Governor K. Rosaiah will inaugurate the exhibition on Friday at Chennai Trade Centre. The exhibition will showcase 250 projects of about [...] Continue Reading »
Mumbai-based Neptune Group and Lodha Developers are looking to Gammon India’s 185 acre land in Dombivli. They have also submitted their offers for the same. The plot is about 185 acre in size and was put on the block in mid 2013. It has been learnt from the sources that the offer of the Neptune [...] Continue Reading »
The Union Cabinet’s nod to the Real Estate Regulatory Bill has made buyers feel happy and secure; on the flipside, some of its provisions have left the developers panicking. Views of MHUPA Ajay Maken, minister of housing & urban poverty alleviation, said that the bill provides for a uniform regulatory environment to protect consumer interests [...] Continue Reading »
The much-awaited Real Estate (Regulation and Development) Bill has obtained clearance from the Cabinet on 4th June. The Bill is expected to bring in transparency in the nation’s real estate sector with tighter norms for selling projects and preventing property fraud cases. This Act may be called as the Real Estate (Regulation and Development) Act, [...] Continue Reading »
Some of the new amendments made in the Finance Bill, 2013 to the Income-tax Law is expected to have a deep impact on real estate sector in the 2013-14 fiscal. The amendments relate to taxing the notional income in the real estate transactions as against the real income of the real estate developers as well [...] Continue Reading »
New Delhi: Even though real estate prices have increased rapidly in the leading cities, Reserve Bank of India (RBI) governor D Subbarao opines that there is no housing price bubble building up in India. After capturing prices in nine cities, RBI has recorded in its macro-economic and monetary development report released recently that there are [...] Continue Reading »
The average rental value of a 2 BHK with 1200 sq ft in BTM Layout was Rs 10,000 a year ago, which has now become Rs 22,000. If the place has a park facing then the rate goes up by Rs 4000 extra. The price of a basic 2BHK apartment in this area starts from [...] Continue Reading »
Karnal: An emerging real estate developer, Aegis Homes Limited has successfully made its entry into the real estate sector with its first project named “Aegis Gold Floors” in Karnal, Haryana. The developer has planned to develop above 2000 residential units in Karnal over 3 years time, in order to tap potential of emerging real estate [...] Continue Reading »
Hyderabad- Registration of properties in Andhra Pradesh can be done across any one of the 432 sub-registrar offices in any part of the state from July, 1, 2013. Property can be any house or land irrespective of location within the state. According to the Principal Secretary of state, government has to establish a State Data [...] Continue Reading »
Hosur Road in Bangalore has recently emerged as the hottest property destination as the area has witnessed a large number of real estate developments. Hosur Road has started to grow in terms of real estate developments after the growth of Electronic City. Hosur Road is a four to eight lane highway and is a part [...] Continue Reading »
