Latest Realty News of Maharashtra

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-prices-in-Mumbai-could-rise-6%-in-2015:-JLL-
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.
I-T-to-review-big-property-deals-over-Maharashtra-tax-evasion
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.
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.
RICS,-Naredco-to-jointly-promote-international-property-standards
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.
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.
‘Achhe-din’-for-builders-of-luxury-towers-in-Mumbai
May 30, 2015
MUMBAI: Chief minister Devendra Fadnavis has ushered in 'achhe din' for several developers building luxury residential tower
As-home-demand-dips,-realtors-go-flat-out
May 30, 2015
Pune: For the last three months, the exhibition grounds in Pune and Pimpri-Chinchwad have seen back-to-back property exhibitions
Fullerton-seeks-licence-to-start-housing-finance-business-in-India
May 29, 2015
MUMBAI: Fullerton, the nonbanking finance company backed by Singapore-based Temasek Holdings, plans to enter the affordable housing market in India
Software-flaw-in-BMC-hits-building-plans
May 28, 2015
MUMBAI: Construction industry to submit building proposals online, but there are glitches in the software
Mumbaikars-to-pay-14.52%-additional-property-tax
May 27, 2015
MUMBAI: The BMC had passed the property tax proposal in which Mumbaikars would have to pay 14.52% additional property tax
Top-realtors-including-Tata-Housing-eye-the-app-route-to-keep-buyers-informed
May 27, 2015
KOLKATA | MUMBAI: Taking a cue from e-retailers, realtors are fast launching apps for smartphones
Apollo-sets-up-Asia-real-estate-pvt-equity-platform
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
NDA-real-estate-bill-pro-builder,-says-Ajay-Maken
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
Adi-Godrej-sees-big-growth-potential-in-realty
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
Builders-face-double-whammy-as-loans-slow-amid-sales-slump
May 26, 2015
Mumbai/Singapore: Indian builders struggling to sell homes amid mounting debt face a new hurdle: reluctant bankers.
India-registers-3-billion-sq-ft-green-building-footprint:-IGBC
May 22, 2015
MUMBAI: Over three billion sq ft area of green building projects has been registered so far by Indian Green Building Council
DLF-to-launch-first-Reit-by-current-financial-year
May 22, 2015
Mumbai: The country’s largest property developer DLF is working on launching its first real estate investment trust (REIT)
Motilal-Oswal-real-estate-arm-raises-Rs-500-crore-fund
May 21, 2015
MUMBAI: Motilal Oswal Real Estate, the real estate arm of Motilal Oswal Private Equity, has raised Rs 500 crore through its second property fund
Maha-govt-links-TDR-with-land-prices
May 21, 2015
NAGPUR: Alarmed by the lopsided development of cities, the state government has decided to completely change the system of transfer of development rights (TDR)
Maharashtra-govt-bats-for-FDI-in-its-new-housing-policy
May 21, 2015
Mumbai: The Maharashtra government has in its draft of the new housing policy proposed foreign direct investment (FDI) for the development of special townships

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