Latest Realty News

Delay in infra projects can hit property prices in their region
Nov 14, 2013
MUMBAI: In a report released two years ago, ratings agency Standard & Poor's said, "Infrastructure development in the country is being hit hard due to the slow pace of reforms and limited long-term funding options and this trend could deter economic growth of the country."
Home and auto loans get dearer
Nov 14, 2013
MUMBAI: State Bank of India (SBI), the country's largest lender, has decided to increase its base rate or minimum lending rate by 20 basis points (bps) from Thursday, to 10 per cent from the present 9.8 per cent.
Demolition in Mumbai will weaken legal floors, residents fear
Nov 13, 2013
MUMBAI: Campa Cola residents whose flats have been declared illegal are understandably under pressure, but legal residents whose homes are not up for demolition are enveloped by insecurity as well. Two reports by structural engineers indicate that the remaining structure will not be fit for habitation once the illegal portions are demolished. The legal residents also wonder how the BMC will continue to provide water and electricity while cutting off utilities for the illegal flats. After all, fl
Builders continue to violate norms in Mumbai
Nov 12, 2013
MUMBAI: At a time the BMC is preparing to demolish unauthorized flats in Worli’s Campa Cola society, experts say the authorities continue to turn a blind eye to other building violations in the city.
Part 1: De-mystifying capital gains
Nov 12, 2013
MUMBAI: The Income-tax Act defines “Capital Asset” as property of any kind held by an assessee, whether or not connected with business of profession. This may include various kinds of properties such as real estate, equity shares, bonds, jewellery, paintings, art etc.
Rentals to remain under pressure on lower supply: Experts
Nov 12, 2013
MUMBAI: Decline in supply of additional office space is likely to put pressure on rental values in the coming quarters, even as the demand is expected to be moderate, industry experts say.
Rental values largely stable in Mumbai in Q3 2013, says CBRE
Nov 12, 2013
MUMBAI: Mumbai witnessed sluggish commercial leasing activity during the third quarter of 2013. The micro markets of Lower Parel, Thane and Navi Mumbai witnessed high traction and were the preferred regions for office space leasing. Rental values in Mumbai remained largely stable with marginal dip in the central business district (CBD) and alternative business district (ABD) locations, according to the findings of CBRE’s latest report, India Office Market View Q3 2013.
90% of buildings inspected in Mumbai suburbs flouted fire norms
Nov 11, 2013
MUMBAI: Suburban buildings are face a greater risk from fire, according to data from a fire brigade audit of residential and commercial buildings in the city this year.
Govt clamps down on fraud by impersonation in property deals
Nov 11, 2013
MUMBAI: The stamp duty and registration department has introduced rules to curb an alarming rise in fraud by impersonation in property transactions.
Fall in recovery of stolen property
Nov 11, 2013
MUMBAI: A National Crime Records Bureau (NCRB) report has shown a decrease in recovery of property stolen in the country, with 19.5% in 2012, against 28.5% in 2011. It has shown a sharp fall in recovery in Maharashtra with 1.6% in 2012 against 12.1% in 2011.
Noose to tighten on misuse of POA for land deals
Nov 11, 2013
MUMBAI: The central government will tighten the noose on individuals using the power of attorney (POA) for fraudulent land deals. The POA authorizes a person to carry out transactions or act legally on behalf of another.
Rentals to remain under pressure on lower supply: Experts
Nov 10, 2013
MUMBAI: Decline in supply of additional office space is likely to put pressure on rental values in the coming quarters, even as the demand is expected to be moderate, industry experts say.
Housing ads on web portal say ‘Muslims not allowed’, taken off
Nov 09, 2013
MUMBAI: In a clear case of religious discrimination, a private real estate agency had placed advertisements for properties in a web portal that carried a rider — “Muslims not allowed” — with them. The advertisements, reportedly put up sometime last week, were pulled out Thursday morning.
A new law must to protect flat buyers’ interest
Nov 08, 2013
MUMBAI: The Campa Cola case highlighted the lack of law to protect hapless flat buyers, said legal experts.
Dewan Housing Finance gets $85 million from IFC for housing green mortgages
Nov 07, 2013
MUMBAI: World Bank group company IFC said it will extend $85 million in loan to Dewan Housing Finance for affordable and energy-efficient housing.
‘Vacancy levels in malls down in July-Sept quarter’
Nov 06, 2013
MUMBAI: The vacancy levels in malls have come down to 14.51 per cent in the July-September quarter due mainly to a decline in the supply of new mall space, a recent report said.
Flat sale in the VAT net
Nov 06, 2013
MUMBAI: Recently, in the case of Larsen & Toubro, the Larger Bench ruled that Value Added Tax (VAT) would apply on “under-construction property”, and upheld two earlier decisions from the Supreme Court and the Bombay High Court.
No progress in making building approvals public
Nov 06, 2013
MUMBAI: It was in 2009 that the then municipal commissioner Jairaj Phatak introduced a system whereby all building plans would be submitted on a compact disc and permissions and concessions granted online. The approved plans then were to be displayed on the BMC’s website for citizens to know what had been sanctioned.
The missing link in new Reit regulations
Nov 06, 2013
MUMBAI: Recently, the Securities and Exch-ange Board of India's Chairman, UK Sinha said that if Reits have to succeed, they will have to be tax-efficient. He further said he will ask tax-authorities to consider tax incentives for real estate investment trusts. "We'll talk to the I-T department to make it happen," he added.
Equity, gold, real estate: Tips to make your first investments
Nov 05, 2013
MUMBAI: It is not an easy time to be an investor. Even though you may be spoilt for choice, there is a high degree of volatility across asset classes. This means that one has to be extra cautious while choosing investments. Whether you are opting for equity, fixed income, property or gold, the current environment will punish you for rash or untimely decisions. For those who have just started saving, taking the initial steps into the world of investing is even more daunting. It's the same for any
Premium housing prices may fall soon on inventory pile-up
Nov 05, 2013
MUMBAI: Investors can look forward to premium housing units getting cheaper by up to 20 per cent and gold prices rising significantly this festive season, says a financial advisory firm.
What to do in case of theft or misplacement of property documents
Nov 04, 2013
MUMBAI: The loss, theft or misplacement of property documents is a cause of concern for property owners since no transaction can be completed without checking the original sale deed.
Cementing the future of REIT
Nov 03, 2013
MUMBAI: In a major step to fuel the growth of the country’s real estate sector, SEBI recently released a consultation paper together with the draft Real Estate Investment Trust 2013 (REIT) regulations. Issued after discussions with stakeholders, the draft regulations have been widely seen as robust and along the lines of regulations in other countries. It is critical that the initial REITs prove successful for investors so that they can become a stable platform for providing developers exits fro
'Premium housing prices may fall soon on inventory pile-up'
Nov 02, 2013
MUMBAI: Investorscan look forward to premium housing units getting cheaper by up to 20 per cent and gold prices rising significantly this festive season, says a financial advisory firm.
Bombay HC finds Hirco arm prima facie loan defaulter
Nov 01, 2013
MUMBAI: The Bombay High Court has asked a subsidiary of real estate firm Hirco Plc to disclose all its assets in an interim order that observed that prima facie Hiranandani Palace Gardens has defaulted on loan repayment to Tata Capital Financial Services.

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