Latest Realty News of Maharashtra

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.
Realtors-see-business-opportunity-from-Smart-City-projects-
Jan 29, 2016
NEW DELHI: Realtors' body CREDAI today hailed the selection of first 20 cities for 'Smart City' programme, saying the initiative would provide great opportunity for the real estate development, particularly in the affordable home segment, with improvement in infrastructure of these towns.
How-to-maximise-returns-from-commercial-realty
Jan 27, 2016
With over 70% of investors expecting improvement in sales over the next 12 months, the Indian realty market may be heading towards a revival in 2016, a research report by property consultant JLL India and Royal Institute of Chartered Surveyors (RICS) says. And surprisingly, Bengaluru has pipped the Natonal Capital Region to become the second preferred investment destination for the investors after Mumbai. But the positive sentiment is driven by rising demand for commercial realty, not for reside
Realty-sales,-PE-investments-to-improve-in-2016:-Survey-
Jan 22, 2016
MUMBAI: The real estate sector is likely to see improvement in sales and equity deals in 2016 as the economy shows signs of revival on the back of various policy decisions taken by the government, a report said.
How-delayed-delivery-costs-customers-buying-homes-on-loans-
Jan 20, 2016
2016 may be a good year to buy a home. Property prices have remained stagnant for almost a year. While the quoted inventory prices may not have changed, better deals are available in terms of spot discounts, flexible payment plans and freebies across most major residential markets. So, this may be the best time to haggle hard and book a property. "Right now, buyers can get up to 20% additional values in the form of freebies and discounts," says Muddasir Zaidi, national director, residential, Kni
Following-SC-observation,-real-estate-companies-say-building-plans-approved-only-after-environment-c...
Jan 18, 2016
NEW DELHI | MUMBAI | BENGALURU: Real estate companies in top metros have said that local government bodies approve building plans only after the project has been granted environment clearance. This follows the Supreme Court's Friday observation that housing projects must get environment clearance before work can start.
Govt-confident-of-getting-real-estate-bill-passed-in-budget-session
Jan 18, 2016
NEW DELHI: With lakhs of home buyers being exploited by private builders and developers, the government plans to bring the real estate bill to Parliament in the first half of the budget session and is confident of its passage.
Office-space-vacancy-dips-to-15%-in-2015-from-around-19%-in-2013-
Jan 16, 2016
MUMBAI: Showing faith in India's economic growth, corporate occupiers have been lapping up office spaces for their expansion, which is reflected in the decline in office vacancy levels across the country to 15% from around 19% in 2013. The sharpest fall in pan-India vacancy levels is expected in 2016 and 2017 when it will ease below 13%, said a JLL India report.
Sunil-Mantri-Resigned-as-Chairman-of-NAREDCO-in-October-
Jan 16, 2016
MUMBAI: Sunil Mantri, chairman & managing director of realty development company Mantri Realty, resigned as Chairman of industry body NAREDCO in October.
Head-of-PACL-Arrested-Over-Alleged-Rs-45,000-Crore-Investment-Scam
Jan 09, 2016
New Delhi: Central Bureau of Investigation (CBI) on Friday arrested the founder of PACL Ltd over allegations the property company cheated investors of $6.8 billion (about Rs 45,000 crore), in what local media is calling the country's biggest financial scandal.
Housing-Project-Launch-Prices-Drop-up-to-20%-in-3-Metro-Cities:-Report
Jan 05, 2016
Mumbai: Developers in certain micro markets of metros like Delhi-NCR, Mumbai and Bengaluru witnessed a drop of 4-20 per cent in launch prices of residential projects in 2015 over the previous two years, according to a report by property consultant Cushman & Wakefield.

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