Latest Realty News of Odisha

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 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 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 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
Bhubaneswar: The municipal corporation council passed a resolution that will make real-estate developers, especially promoters of plotted schemes, pay for their failure to develop basic infrastructure near a housing project
May 28, 2015
BHUBANESWAR: The state government has approved a proposal of Bhubaneswar Development Authority (BDA) to construct 240 houses for evicted slum dwellers
May 22, 2015
Bhubaneswar: The development authority is planning to set up 21 new amusement parks in the city and nearby areas
May 19, 2015
SEOUL: South Korea offered to provide $10 billion for infrastructure projects in India, including smart cities and railways
May 14, 2015
CUTTACK: District and civic authorities identified nearly 500 unsafe government and private buildings here
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
May 08, 2015
BHUBANESWAR: The state government would soon issue show-cause notices to those who have secured multiple plots and houses under discretionary quota (DQ)
May 08, 2015
BHUBANESWAR: The Economic Offences Wing (EOW) of Crime Branch has moved finance department, seeking attachment of property of a city-based real estate developer
May 07, 2015
NEW DELHI: Cabinet relaxed rules to allow foreign funds to invest in real estate investment trusts (REITs),
May 05, 2015
Bhubaneswar: Developers in the city feel certain key changes proposed by the new dispensation were urgently needed for the survival of the real estate sector
May 05, 2015
New Delhi: Finance Minister Arun Jaitley sought "deeper engagement" of the Asian Development Bank (ADB) for development of smart cities
May 04, 2015
Bhubaneswar: The development authority has two different sets of building plan approval rules for government agencies and private builders
May 04, 2015
Bhubaneswar: Opposition parties in the state have criticised the government for its U-turn over cancellation of land allotments under discretionary quota
May 02, 2015
NEW DELHI: The government provided some relief to foreign investors
May 01, 2015
Bhubaneswar: The state government has decided to "go slow" on the Taradatt-led task force's action-taken report on the misuse of discretionary quota of the government for allotment of land and houses
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
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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