Residential properties
The Nashik Municipal Corporation (NMC) has planned to hike the property taxes for commercial establishments by 25 per cent exempting residential properties from the tax hike. The tax hike will come into action from the next financial year 2013-14. The standing committee chairman Uddhav Nimse cancelled NMC’s proposal to raise house and water taxes for [...] Continue Reading »
Century Real Estate, one of the leading realty players of Bangalore, is likely to buy at least half the investment from Fortress Capital, a global private equity fund that had invested about $100 million in 2007. The company is one of the largest land-bank owners in Bangalore. It had embarked into developing various commercial and [...] Continue Reading »
Chandigarh city residents are relieved as the formalities over imposing the house tax on residential properties and revision of tax rates of commercial properties will take at least another six months or more. Chandigarh administration needs to issue a notice of communication to the MC as it has already sent many reminders regarding impose of [...] Continue Reading »
Three well-known real estate companies, namely, Puranik, Ravi Group and Disha Direct have hired Theme Ventures as a nodal agency to sell the residential properties directly to the corporate employees by setting up shops inside the work premises. This new concept of marketing bloomed while the realtors have been looking for secure and eligible mortgage [...] Continue Reading »
In less than three months, Pune Municipal Corporation (PMC) has collected Rs 300 crore as property tax from 3.75 lakh people since April 1, 2012. The property tax department in Pune stated that this milestone could be achieved only due to the tax discount scheme of PMC. The tax discount scheme stated that those who [...] Continue Reading »
India has witnessed a rise in number of NRIs investing on properties. The dollar appreciation has given a further push to demand from NRI’s for investment in residential properties. With the real estate becoming cheaper for NRIs, many seek to invest in residential properties in two-tier cities such as Pune, notes Om Ahuja, CEO – [...] Continue Reading »
Hines India Real Estate Pvt. Ltd, the local unit of a US-based realty firm, plans to invest into residential development projects in India and warehousing and logistics sector. Hines has built many landmark towers such as the Bank of America Center in Houston and the EDF Tower in Paris. In 2007, Hines set up a [...] Continue Reading »
It is reported by a real estate consulting firm that the cost of residential property in Mumbai will start increasing in coming months. The demands for the affordable apartments are increasing, which will help the builders to keep the cost of the properties higher. The report has also said that the cost of properties in [...] Continue Reading »
The Haryana government has to met with the anger of the residents for its new property taxes rules. The citizens are calling it a scheme to extort double tax from them. The government had announced a token Rs 1 property tax per square yard on residential properties of 250 square yards or less and apartments [...] Continue Reading »
Real estate market in Pune has witnessed rapid growth in terms of residential and commercial projects. Now a days, the suburb areas of Pune are growing rapidly. Bavdhan is a place which is witnessing rising demand for residential properties in Pune as it has good connectivity to Mumbai and Pune. The place also has many [...] Continue Reading »
