Real Estate Sector
The real estate arm of Essar Group, Equinox Realty has launched the second phase of its premium residential project, Water’s Edge in Hebbal, Bangalore. The two new lake facing 40 storeyed tower being launched will be amongst the tallest buildings in the city. Water’s Edge has two tower houses comprised of 150 apartments which includes [...] Continue Reading »
A day after the budget, the industry estimated the sale of affordable homes could increase up to 20 percent this year because of the additional exemption granted to the first time buyers. This benefit is for property which doesn’t exceed Rs 40 lakh. In the Budget it is said that, in 2013- 2014, the first time buyers, [...] Continue Reading »
Residents living on the stretch of road from Maruthi Mandir to Vijaynagar are facing difficulties because of the metro work which began three years ago. Despite being one of the busiest roads in the area, it is filled with potholes that makes the life of the commuters miserable. The people staying in and around this [...] Continue Reading »
South Bangalore houses some of the oldest residential localities such as Jayanagar, Chamrajapet and Basavanagudi. A well planned residential layout, Jayanagar, comprises of 10 blocks, has been further extended into J P Nagar, BTM Layout, Banashankari, Uttarahalli, Bellandur, HSR Layout, Electronics City, and Hosur Road. Because growing MNC’s and IT companies in this area, planned [...] Continue Reading »
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 »
Luxury homes are going to cost more after the finance minister reduced the abatement on service tax availed by real estate developers for homes and flats above 2,000 sq ft or costing Rs 1 crore and above to 70% from 75%. The impact will be expanded in Mumbai for all the home buyers of under-construction [...] Continue Reading »
With release of Union Budget 2013, the Finance Minister announced the introduction of one percent Tax Deducted at Source (TDS) on immovable property transfer exceeding Rs 50 lakhs. Agricultural land is exempted from this. This means that if a person has a property (house or plot) which is sold for more than Rs 50 lakhs [...] Continue Reading »
Faridabad- Faridabad real estate is emerging as a hotspot destination for long-term investments in Delhi-NCR. The industrial growth and infrastructural development in the city promises vast growth opportunities for real estate sector. The rapid industrial growth in Faridabad is the key driving factor for investments in this region. Besides, tough competition from neighboring prime real [...] Continue Reading »
Chandigarh- Real estate developers of Haryana seem to be having issues with the Haryana government’s plan of constituting a real estate regulatory authority. They have requested time from the government for expressing their objections and opinions on the Haryana Real Estate (Regulation and Development Bill), 2013. The Haryana Town and Country Planning Department has prepared [...] Continue Reading »
Bangalore- The Indian Property Show which will be held at an exhibition in Doha this month will have the presence of more than 50 realty players who will showcase their properties. These properties will also include luxury housing and commercial spaces. Indian Property Show consists of realty developers, banks, real estate agents and the exhibition organizers [...] Continue Reading »
