Latest Realty News

Uproar over property tax hike plan
Feb 24, 2014
AURANGABAD: The civic body's proposal to hike property tax by 21.5% might run into rough weather with many corporators gearing up to oppose the plan at Monday's standing committee meeting.
Municipal corporation against house tax hike
Feb 17, 2014
CHANDIGARH: The municipal corporation (MC) has asked the UT administration to allow it to seek property tax from residents on the existing rates in the financial year beginning from April even though UT was pressing it to enhance the charges.
Repo rate hike will deepen crisis in real estate: Credai
Jan 29, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) has expressed concern over the RBI decision to increase the repo rates by 25 bps to 8 per cent in the monetary policy review.
Realty sector: A new pressure point
Nov 06, 2013
MUMBAI: In his first full-fledged review of the monetary policy, Reserve Bank of India (RBI) Governor Raghuram Rajan stuck to the continuing hawkish stance of inflation control first, which has seen the repo rate go up by another 25 basis points. The repo rate is the rate at which the central bank lends money (liquidity) to the financial system, and is the key policy rate. After the RBI action on October 29, it stands at 7.75 per cent.
Hotel rate increases to hit oversupply ceiling
Sep 30, 2013
MUMBAI: The pace of economic growth may have slowed down, impacting global travel, but it hasn’t stopped hotel chains from opening more rooms for guests.
Housing to get costlier on 30% hike in cement prices
Sep 27, 2013
MUMBAI: After witnessing a price correction in all major markets owing to sluggish demand, cement prices have increased by over 30% in a month to Rs 275 for each 50kg bag. With the trend expected to continue, a cement bag is likely to cost over Rs 325 this festive season, hitting the ailing realty sector and making it costlier to purchase that dream home.
Bangalore realty developers see marginal impact on rate hike
Sep 23, 2013
BANGALORE: Real estate developers in the country’s IT hub today said RBI’s decision to hike key policy rates will have a marginal impact on demand sentiments in short term.
‘Finance cost of developers may go up’
Sep 21, 2013
HYDERABAD: With the proposed Real Estate Regulatory Bill, where developers are expected to keep considerable portion of sales in escrow account for a majority of the construction period, finance cost for developers is expected to increase, according to Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India.
‘Some downside on real estate sector’
Sep 21, 2013
HYDERABAD: The increase in repo rate is going to have some downside on the real estate sector in a stressed environment that is already plagued by slowdown in sales, increasing input costs, liquidity issues and high costs of capital, Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield, said.
RBI repo rate hike: Indian realty developers unhappy with Raghuram Rajan, say will impact housing
Sep 21, 2013
DELHI: Expressing disappointment over RBI Governor Raghuram Rajan's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
Karnataka eyes Rs 840 cr from guidance value hike
Jul 24, 2013
BANGALORE: The Karnataka Government expects additional revenue of Rs 840 crore following upward revision of guidance value of properties, including Rs 614 crore in Bangalore urban district, by way of increase in registration fee and stamp duty.
Govt set to hike land value by 20%
Oct 24, 2012
HYDERABAD: After enhancing fee for encumbrance, marriage certificate and other services of the registration and stamps department a couple of months ago, the state government is contemplating increasing land value, both agriculture and non-agriculture, for registration purposes soon. If land value is increased, property buyers will have to pay more towards registration and stamp fee. Revenue

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