Latest Realty News of Maharashtra

Jun 08, 2015
MUMBAI: In a landmark order that would bring FDI in real estate projects under a legal scanner, the Bombay high court declined relief to IDBI Trusteeship Services in what it said was "clearly an attempt at seeking active court assistance to achieve what the law prohibits and that is clearly inconsistent with public interest." The law permits FDI investment in real estate development only in the form of equity and prohibits investment with assured returns, the court said.
Jun 07, 2015
NEW DELHI: The pensions regulator has opened the doors of long-term retirement funds to the real estate sector, allowing the pension funds to invest up to 5% of their corpus in regulated real estate investment trusts.
Jun 07, 2015
Mumbai: The government will not compromise on the basic purpose of the Land Acquisition Act, Union Minister Venkaiah Naidu on Saturday said amid mounting criticism from the Opposition as well as its ally Shiv Sena on the controversial amendments to the Land Bill.
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.
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.
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.
Jun 05, 2015
New Delhi: Property prices in Mumbai are expected to see an appreciation of 6% in 2015, according to property advisory firm JLL India.
Jun 04, 2015
Mumbai: Suspecting massive capital tax evasions in property deals, the income-tax department in Maharashtra has sought the list of all high-value property deals in the state during last four years starting 2011-12.
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.
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.
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.
Jun 02, 2015
MUMBAI: The Royal Institution of Chartered Surveyors (RICS) has joined hands with real estate industry body Naredco to promote internationally recognised standards, regulations and professionalism in the Indian realty sector.
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.
May 30, 2015
MUMBAI: Chief minister Devendra Fadnavis has ushered in 'achhe din' for several developers building luxury residential tower
May 30, 2015
Pune: For the last three months, the exhibition grounds in Pune and Pimpri-Chinchwad have seen back-to-back property exhibitions
May 29, 2015
MUMBAI: Fullerton, the nonbanking finance company backed by Singapore-based Temasek Holdings, plans to enter the affordable housing market in India
May 28, 2015
MUMBAI: Construction industry to submit building proposals online, but there are glitches in the software
May 27, 2015
MUMBAI: The BMC had passed the property tax proposal in which Mumbaikars would have to pay 14.52% additional property tax
May 27, 2015
KOLKATA | MUMBAI: Taking a cue from e-retailers, realtors are fast launching apps for smartphones
May 27, 2015
Mumbai: Nipun Sahni, former managing director and head, India, real estate investment group at Bank of America-Merrill Lynch has joined US-based Apollo Global Management as partner and head of real estate, India
May 26, 2015
MUMBAI: Former Union minister and senior Congress politician Ajay Maken said that the proposed real estate regulatory authority bill was pro-builder
May 26, 2015
MUMBAI: Godrej Properties’ entire launch inventory at its Gurgaon project, amounting to 4 lakh sq ft, has been sold within three weeks of the initiation of the project
May 26, 2015
Mumbai/Singapore: Indian builders struggling to sell homes amid mounting debt face a new hurdle: reluctant bankers.
May 22, 2015
MUMBAI: Over three billion sq ft area of green building projects has been registered so far by Indian Green Building Council
May 22, 2015
Mumbai: The country’s largest property developer DLF is working on launching its first real estate investment trust (REIT)

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