Latest Realty News of Karnataka

Fresh-tax-on-unsold-flats-to-force-developers-to-release-inventory
Jun 06, 2015
In a bid to arrest hoarding of residential flats by developers and increase supply across the country, the income-tax department has decided to tax realtors on estimated annual rentals. The tax could be anywhere between 15% and 20%. The move is as per the central action plan for 2015-16, under which the I-T department can levy tax on any unsold flat by treating it as 'income from house property' under Section 43-CA of the I-T Act, 1961.
E-commerce,-start-ups-accelerating-office-space-demand
Jun 05, 2015
The IT and ITeS companies’ capacity expansion plans, the country’s office space market seems to be regaining lost steam. With a major chunk of total absorption of Grade A office space being notched up by the technology sector, in the January-March quarter, commercial realty market is getting ready to make the most of it.
SBI-to-e-auction-distressed-properties-on-June-12
Jun 05, 2015
Country’s largest lender State Bank of India on Friday said it will be selling its distressed assets through an online auction on June 12.
Property-cards-set-to-become-a-reality-soon-in-Bengaluru
Jun 05, 2015
BENGALURU: Finally, a tender to start the process of implementing a project that claims to guarantee property owners with one common card/certificate authenticating their ownership is ready to be floated.
Housing-sales-improving;-full-recovery-in-next-fiscal:-CREDAI-
Jun 04, 2015
NEW DELHI: Housing sales have started showing signs of improvement but full recovery is expected only in the next financial year, realtors' apex body CREDAI said today.
Realty-firms-expect-a-spur-in-housing-demand-following-RBI's-rate-cut-
Jun 03, 2015
NEW DELHI: The Reserve Bank's decision to cut key interest rates is likely to reduce borrowing cost for both home buyers as well as developers leading to increase in housing demand, realty firms and consultants said today.
RBI-cuts-repo-rate-by-25-basis-points,-EMIs-likely-to-go-down
Jun 02, 2015
MUMBAI: The Reserve Bank Of India (RBI) cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest.
UAE-real-estate-firm-eyeing-Smart-City-projects-in-India
Jun 01, 2015
DUBAI: An Abu Dhabi-based real estate company has formed a strategic partnership with an Indian construction firm to establish 'Smart City' projects in India.
‘Bengaluru-is-home-to-genuine-homebuyers,-not-speculators’
May 31, 2015
BENGALURU: Bengaluru's youth segment is buying residential property early in life
More-realty-funds-look-to-buy-apartments-in-bulk
May 27, 2015
Bengaluru: Private equity (PE) funds are increasingly buying apartments in bulk at steep discounts
DLF-told-to-pay-Rs-50-crore-to-private-firm-for-breach-of-agreement
May 26, 2015
BENGALURU: An arbitral tribunal has told DLF to pay Rs 50 crore as compensation to a private firm
Brigade-Enterprises-to-double-revenue-from-home-sales-in-3-years
May 21, 2015
BENGALURU: Realty firm, Brigade Enterprises is expected to double its revenue from the residential segment
Now-South-Korea-offers-$10-billion-for-smart-cities
May 19, 2015
SEOUL: South Korea offered to provide $10 billion for infrastructure projects in India, including smart cities and railways
Property-prices-rise-10%-CAGR-in-4-years
May 14, 2015
The housing market has witnessed an upward trend in prices in the past 19 quarters, according to Reserve Bank of India’s (RBI) all-India Residential Property Price Index
Facing-heat,-Karnataka-govt-stops-demolition-in-BDA-layouts
May 08, 2015
Bengaluru: The Karnataka cabinet decided to temporarily halt the demolition of houses on lakebeds in BDA layouts
Cabinet-relaxes-rules-for-foreign-investment-in-real-estate
May 07, 2015
NEW DELHI: Cabinet relaxed rules to allow foreign funds to invest in real estate investment trusts (REITs),
Demolition-scare-looms-over-3,500-BDA-plots-in-14-layouts
May 06, 2015
BENGALURU: At least 3,500 sites formed and sold by the Bangalore Development Authority (BDA) in 14 layouts face an uncertain future
India-for-deeper-engagement-of-ADB-for-smart-cities,-railways
May 05, 2015
New Delhi: Finance Minister Arun Jaitley sought "deeper engagement" of the Asian Development Bank (ADB) for development of smart cities
DV-Sadananda-Gowda-asks-Rahul-Gandhi-to-study-the-new-real-estate-bill
May 04, 2015
MANGALURU: Union Law and Justice Minister DV Sadananda Gowda today lambasted Congress Vice President Rahul Gandhi for criticising Prime Minister Narendra Modi over the Real Estate Regulatory Authority Bill
Govt-eases-MAT-rules-for-REITs-and-InvITs
May 02, 2015
NEW DELHI: The government provided some relief to foreign investors
JLL-to-launch-investment-arm-in-India
May 01, 2015
BANGALORE: LaSalle Investment Management, among the world's top five real estate investors and a unit of Jones Lang LaSalle (JLL), is entering India
Union-Cabinet-gives-nod-to-100-smart-city-projects
Apr 29, 2015
New Delhi: The Union Cabinet cleared two proposals on Wednesday-one for 100 smart city projects and another for old housing projects initiated by the previous government
HC-notice-to-BDA,-3-others-for-selling-park-land
Apr 28, 2015
BENGALURU: The Karnataka high court ordered notice to the BDA and BBMP over a PIL challenging the allotment of land reserved for a park in the city
Provident-Housing-set-to-raise-funds-from-private-equity-firms-for-expansion
Apr 28, 2015
BANGALORE: Provident Housing, the affordable homes unit of Bengaluru-based Puravankara Projects, is looking to generate funds from private equity firms
Talent-demand-up-in-realty-but-salaries-stable
Apr 27, 2015
New Delhi: The 'Make in India' push seems to have brought upbeat sentiments in the real estate sector

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