Residential property
Real estate prices have been rising in NCR area and combined with increasing demand the scope for middle income group to get hold of residential property has been decreasing. As this supply demand gap is increasing, Tronica City area in Ghaziabad, is fast becoming a hub of residential and commercial property for the middle-income group. [...] Continue Reading »
The tax on commercial property in Chandigarh may be increased in near future. The issue is to be taken up at the meeting of the House Tax committee to be held in the coming days and the extent of the increase would be decided after a discussion at the meeting. Property tax on commercial property [...] Continue Reading »
The data shared by Cushman & Wakefield (C&W) shows that the capital values of residential property in Ahmedabad has been slower than anticipated. Even the posh areas in the city — Satellite, Vastrapur, SG Highway, and Prahlad Nagar — have grown at an mediocre seven per cent in the last 12 months ending June 2012. [...] Continue Reading »
While the civic bodies always seem to project themselves of running short on funds, a recent revelation in Maharashtra pictures inefficient collection machinery causing huge loss to the bodies. An Right To Information (RTI) query filed by two BJP corporators has revealed that 70,000 property holders in Pimpri-Chinchwad have not paid property tax dues, total [...] Continue Reading »
Red Fort Capital Advisors Private Limited, based in Delhi, an India focused real estate PE firm, is planning to raise $500 million real estate fund next year to invest into residential and commercial properties across the country. The real estate PE fund had earlier raised $500 million in January from overseas investors. The firm’s institutional [...] Continue Reading »
Mangalore has witnessed slump in the residential property sales in the recent past. June-July month has seen a grave dip in the bookings. The slump seems due to reluctance of non-resident Indians to invest in property in Mangalore, , to invest in the properties here. Usually the NRIs account for 55-60 per cent of the [...] Continue Reading »
Owing to declining sales and liquidity crunch scenario, real estate developers of Ahmedabad are looking for innovative offers to attract buyers. Developers and promoters are offering schemes like free parking, interest free EMIs, free club membership, and varied discounts to buyers though they may not offer direct cash discounts. Local developers in Ahmedabad have not [...] Continue Reading »
According to a recent report by property consultants PropEquity, the property sales across the Mumbai Metropolitan Region (MMR) have witnessed a fall of more than 50 per cent. In the first quarter of 2012, absorption of residential property has fallen to 11,473 units compared to 27,676 units in Q1 of 2011. The total residential supply [...] Continue Reading »
A resolution has been passed by the Chennai Corporation recently, which talks about constitution of a committee for assessment of property tax in the city. Now, the Additional Commissioner (Revenue and Finance) of the Corporation has been given power to assess property over 50001 sq ft in both residential and non- residential domain. Additional revenue [...] Continue Reading »
According to a recent amendment, now in case of a divorce, a woman gets to keep a share of immovable residential property rather than all immovable properties owned by the husband. Due to which, a woman can acquire only the residential immovable properties of her spouse. The main motto is that in case of a [...] Continue Reading »
