Latest Realty News of Maharashtra

'Over-2-lakh-houses-built-under-central-schemes-in-2-years'-
Aug 11, 2016
NEW DELHI: The minister of state for housing and urban poverty alleviation Rao Inderjit Singh told Lok Sabha on Wednesday that 2.24 lakh homes have been constructed for urban poor under the old and new housing programmes during the last two years.
Amaravathi-has-the-potential-to-become-a-world-class-city:-Knight-Frank-
Aug 09, 2016
Hyderabad, August 04, 2016: Knight Frank India, the leading global property consultants today released an exhaustive report on the two upcoming state capitals--Amaravathi & Naya Raipur.
Under-construction-flat-to-cost-more-after-GST-Bill-is-rolled-out
Aug 05, 2016
NEW DELHI: Prices of underconstruction apartments may rise by up to 5-10% when the Goods and Services Tax (GST) is rolled out. But, prices of completed apartments will not be affected as GST will not be applicable there.
GST-To-Benefit-Realty-Sector,-Lower-Tax-Burden:-Developers
Aug 04, 2016
New Delhi: Implementation of the Goods and Services Tax (GST) law will have a positive impact on the real estate sector with expected reduction in its tax burden, according to property developers and consultants.
Record-1.35-lakh-buyers-sign-up-for-972-MHADA-Homes-
Aug 02, 2016
MUMBAI: The Maharashtra Housing and Area Development Authority (MHADA) has received over 1.35 lakh applications for its 972 houses being sold through a lottery. The overwhelming response only reiterates the pent-up demand for affordable housing in India's commercial capital.
Affordable-home-loans-to-witness-strong-growth:-Moody's-
Jul 26, 2016
The underwriting practices of lenders are vital to controlling credit risk in India's affordable housing loans segment, which is set to grow strongly over the next few years as the government tries to increase home ownership among underprivileged groups, says Moody's Investors Service.
Real-estate:-Should-you-opt-for-a-'book-now-and-pay-later'-scheme?-
Jul 18, 2016
Pramod Kumar lives on rent in a metro and wants to buy an apartment. Recently, he came across an ad for homes available under a 15:75:10 payment plan. Also known as subvention schemes, these are bank financing for home loans, where the borrower pays only 15% of the property value at the time of booking. The lender pays 75% at various stages of project completion and the borrower pays the balance 10% at possession. There is also a No EMI for 24 months offer. Should Kumar opt for it?
Real-estate-could-be-exempted-from-central-environmental-rules
Jul 13, 2016
Following the NDA government’s “Ease of Business” mantra, the environment ministry has proposed that the entire construction sector could be exempted from mandatory environmental clearances
High-costs,-sluggish-job-market-hurt-home-sales-
Jul 08, 2016
MUMBAI: Rising affordability concerns and a sluggish job market continued to push home prices downwards, according to a report released by Nomura. At all-India level house price inflation continued to moderate at a fast pace and eased to its lowest recorded level of 5.2% in Q1 2016, as per the Reserve Bank of India's housing price index (HPI). House price inflation was recorded at 9.8% in Q4 2015.
Maharashtra-flat-buyers-can-now-file-a-police-complaint-against-builders-violating-norms-
Jul 04, 2016
The state police has directed police stations across Maharashtra to register complaints against errant builders who cheat flat buyers and violate building norms. Housing experts have welcomed the move--termed by CM Devendra Fadnavis as "a good decision" -but which the real estate industry finds 'disturbing'. In a circular issued last week, special inspector general of police Prabhat Kumar instructed police commissioners in the state to take action according to the provisions of law when people f
Home-buyers-seek-Real-Estate-(Regulation-and-Development)-Act-draft-rules-review-
Jul 02, 2016
NEW DELHI: A group of home buyers has claimed that the draft rules for the Real Estate (Regulation and Development) Act circulated by the government recently ignores the interest of buyers in ongoing housing projects and should be reconsidered.
7th-Pay-Commission:-Home-Sales-Likely-To-Improve,-Say-Realtors
Jun 30, 2016
New Delhi: Real estate industry bodies on Wednesday said housing sales are expected to improve following implementation of Seventh Pay Commission recommendations as prices have fallen in last few years because of a slowdown in the property market.
Relief-for-homebuyers!-Builders-may-have-to-pay-11%-interest-for-delayed-projects-
Jun 29, 2016
NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities.
Bought-A-Property?-This-Small-Mistake-Could-Serve-You-A-Tax-Notice
Jun 27, 2016
If you have bought a property worth Rs 50 lakh or more, according to income tax rules you are liable to deduct a tax at source, or TDS, at the rate of 1 per cent from the payment to the seller.
'FDI-Reforms,-REIT-Rule-Relaxations-To-Boost-Realty-Sector'-
Jun 24, 2016
NEW DELHI: Reforms in FDI policy and relaxation of norms in Real Estate Investment Trusts (REITs) will benefit the realty sector, especially the commercial segment, property consultant CBRE today said.
Govt-Offices-Too-Default-On-Property-Tax-Payment
Jun 24, 2016
Pune: Not just individuals and commercial organizations, even government agencies default on property tax payment.
Worli-In-South-Mumbai-New-Housing-Destination-For-Super-Rich:-Report
Jun 23, 2016
New Delhi: Worli in South Mumbai has become the new luxury residential destination for super-rich and celebrities with the likes of Virat Kohli, Akshay Kumar and business tycoon Ajay Piramal buying properties in this area, a report said.
Mumbai-gets-another-dose-on-how-to-live!
Apr 12, 2016
Mumbai, 12th April, 2016: On the auspicious day of Gudi Padwa, JP Infra, the fast maturing real estate developer from Mumbai introduced phase 3 - Estella of JP North - A project spread across 24 acres at Mira Road.
Realty-Firms-Hope-for-Housing-Sales-Revival-Post-Rate-Cut
Apr 07, 2016
New Delhi: Interest on home loans is expected to come down helping a revival of housing sales following the Reserve Bank of India's lowering of policy rate by 0.25 per cent today, say realty experts.
Govt-confident-about-timely-creation-of-real-estate-regulators
Apr 06, 2016
New Delhi : Urban Development Minister M Venkaiah Naidu today said he was confident that each state would be able to set up its regulator for the real estate sector within a year as envisaged in the Bill passed by Parliament.
RBI-cuts-repo-rate-by-25-basis-points
Apr 05, 2016
The Reserve Bank on Tuesday cut the key interest rate by 0.25 per cent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors.
Big-cheer-for-home-buyers-!-Rajya-Sabha-passes-Real-Estate-Bill
Mar 10, 2016
NEW DELHI: A bill seeking to regulate the real estate sector, bring in transparency and help protect consumer interests was passed by the Rajya Sabha today.
Budget-2016-to-boost-demand,-supply-of-affordable-homes
Mar 01, 2016
NEW DELHI: Budget proposals as positive for the real estate sector, industry players said that tax sops for first home buyers and incentives on development of affordable housing projects will help revive demand in the sluggish property market.
Need-a-'Built-in-Mumbai'-week-to-focus-on-affordable-housing-:-CM-Fadnavis
Feb 16, 2016
"With 50% of our population living in slums, we now want to start the Built in Mumbai initiative that will aim at providing cheaper homes. We will soon start a massive campaign for it," Fadnavis added.
Indians-Third-Biggest-Investor-in-US-Property-Market:-Brokerage
Jan 29, 2016
New Delhi: Indians are the third biggest international investor community in the US realty market, global brokerage Sotheby's International Realty said.

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