Latest Realty News

Good returns drive residential market of Golf Course Extension Road
May 15, 2014
DELHI: Golf Course Extension Road has been developing as a premier lifestyle destination for residential and commercial property owing to fast-paced infrastructural development and good connectivity to NH-8 and South Delhi through Gurgaon-Faridabad Expressway.
Non-housing properties: New tax rules from today
Apr 01, 2014
LUCKNOW: In a major relief to around 1.5 lakh non-housing properties in city, the state government has given its approval for implementation of new house tax assessment rules pertaining to them. These would be applicable this financial year onwards. Lucknow Municipal Corporation claims that after implementation of new rules, the commercial properties taxes would come down by almost 50-60%.
Credai awaits rollback of ready reckoner rates
Mar 30, 2014
NASHIK: The Confederation of Real Estate Developers Association of India (CREDAI), Nashik, is awaiting a rollback of the hike in ready-reckoner rates announced by the Maharashtra government from January 1, 2014. The organization has expressed its disappointment, with the hiked rates remaining unchaged after an assurance from the state government.
National Buildings Construction Corporation's Q3 net profit up 57%
Feb 12, 2014
DELHI: National Buildings Construction Corporation Limited (NBCC), a Mini-ratna company, reported 57% increase in its net profit at Rs 56.6 crore during the third quarter compared to net profit of Rs 36.04 crore for the corresponding period in the previous year. The income from operations increased by 39.65% to Rs 1,000.23 crore during October-December quarter of the 2013-14 fiscal year.
Commercial rentals low in city
Feb 08, 2014
BHUBANESWAR: The commercial rents are hovering around Rs 100 per sq ft even in the posh localities like Janapath, said Sanjay Kumar Jha, Secretary of Real Estate Developers Association of Odisha (REDA). Forum Mart, BMC Bhawani Mall, Pantaloons Mall, Idco Towers, and Fortune Towers are some of the prominent commercial properties in the city.
CHB auction flops as only 2 out of 145 properties sold
Feb 06, 2014
CHANDIGARH: The auction of commercial properties held by the Chandigarh Housing Board flopped with just two booths finding any takers on Wednesday. A total of 145 booths, bay shops and a restaurant site were to go under the hammer.
Real estate prices still high despite weak demand: India Ratings & Research
Jan 22, 2014
MUMBAI: India Ratings & Research has maintained a negative to stable outlook on the real estate sector for 2014-15 on the back of continued weak end-user demand and adverse consumer sentiments.
Haryana opens commercial zones for housing
Jan 09, 2014
GURGAON: In A move that is likely to impact construction in urban areas, particularly the NCR, the Haryana government has decided to grant mixed land use licences in commercial zones. The move will now allow developers to build residential properties in commercial complexes.
PMC may not hike property tax next fiscal
Jan 04, 2014
PUNE: Chances are that citizens will not be burdened with an increase in property tax in the next financial year. The civic administration has submitted a proposal to the standing committee, suggesting that the levy should not be hiked.
Maharashtra mulls 10-25% rise in ready-reckoner rates from Jan 1
Dec 16, 2013
MUMBAI: The Maharashtra government is mulling a 10 to 25 per cent increase in the ready-reckoner (RR) rates for residential and commercial properties in Mumbai and the rest of Maharashtra from January 1, 2014. The revenue department has convened a meeting on Monday to explore various options in this regard.
Realtors find promised land in commercial space
Dec 03, 2013
DELHI: Commercial real estate seems to be an attractive mid-to-long-term revenue proposition for listed players despite lacklustre market sentiments and a funding crunch.
Build on a decent foundation
Oct 19, 2013
MUMBAI: The Securities and Exchange Board of India (SEBI) has put up SEBI (Real Estate Investment Trust) Regulations, 2013 for public comments.
Bank premises charged four times more property tax than bars
Oct 15, 2013
MUMBAI: Owners leasing out properties to banks will have to cough up more than four times the property tax paid by bars under the BMC’s new capital value-based system. The new tax is almost twice of what is applicable to a five-star hotel and nearly 20 times more than that for a residence.
Andheri East is an attractive proposition for Mumbai homebuyers
Oct 08, 2013
MUMBAI: Andheri east has gained prominence in both, residential and commercial segments lately. It is an industrial area and also a MIDC-SEEPZ zone. The Chhatrapati Shivaji International Airport is an important landmark here. The upcoming Mumbai metro and its close proximity to the western express highway ensure that any project here will see increasing valuations over the years. Ramesh Nair, managing director west, Jones Lang LaSalle India, says, “The area has now become a hot property destinat

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