Latest Realty News

Now, PCMC tax defaulters to face music
Jan 27, 2014
PUNE: After Pune, it is now the turn of the property tax defaulters in Pimpri Chinchwad to face the music, literally. The Pimpri Chinchwad Municipal Corporation will start sending brass bands to play music in front of the defaulters’ houses from January 27 onwards till March 31.
Posh areas in Kolkata take a realty beating
Dec 24, 2013
KOLKATA: Will the government do anything to tame the rising trend of inflation? Is there anything in the market that I can buy at a reasonable price? Set aside your first question for policymakers at the Centre, but as far as your second query is concerned, we certainly have an answer. You can buy a property at select parts of the city where real estate prices are literally on the wane. Sounds intriguing? Read on.
Meerut: Fast becoming a preferred realty hotspot
Nov 23, 2013
DELHI: Of late, all major developers have begun to re-align their positions and enter unexplored territories. Meerut is one of those cities which have now become a preferred destination for numerous reputed developers in the country. This seems to be a wise move as the skyrocketing property prices and space crunch in the metros have made project execution a costly affair. Also the recent developments in terms of connectivity and infrastructure have added advantage in making a choice of place lik
Unique freebie: Buy mansion and get a Rolls Royce Phantom free!
Nov 19, 2013
MUMBAI: In a novel offering, a realtor in the US state of Florida is giving a Rolls Royce car for 'free' with a nearly USD 13 million mansion.
Marunji Road: Destination next in Pune
Oct 28, 2013
PUNE: The Hinjewadi IT Park is an outstanding success story in its own right. It has single-handedly boosted Pune’s profile on the national and global business map. The effect that the Hinjewadi IT Park has had on the type of demand for residential spaces in the adjoining areas like Marunji road is a textbook case of the IT industry and its accompanying culture dictating the shape and form of a market. Real estate investors and developers are quite confident that the area will be one of the most
The evolution of Kandivali as a residential hotspot in Mumbai
Oct 08, 2013
MUMBAI: Kandivali has seen a drastic transformation in recent times. Homebuyers prefer this location due to its proximity to important commercial centres, like BKC and Andheri. With projects focused on modern lifestyles and amenities coming up in the area, buyers have another reason to rejoice. There are a number of exceptional facilities, like schools and colleges, restaurants, theatres and gardens in Kandivali; the area has undergone a complete makeover.
Right time to invest in the Goregaon-Borivali growth corridor
Oct 08, 2013
MUMBAI: For people looking for well-designed living spaces with beautiful landscapes, the glitziest malls and commercial outlets – all within a walking distance, Goregaon west is the ideal location. Off the western express highway, Goregaon west has emerged as an upscale commercial and residential destination in the western corridor of Mumbai.
Buying a property: Read the sales agreement carefully
Oct 08, 2013
DELHI: It can take months, even years, to find a dream home. After extensive bargaining, when you manage to seal the deal, remember to go through the sale deed in detail before signing on the dotted line.
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
Greater Noida Authority cancels allotment of 1,200 plots
Oct 04, 2013
DELHI: The Greater Noida Authority cancelled allotments of around 1,200 plots on October 1 on account of non-payment of pending dues by their owners. These include 1,173 residential plots in different sectors of the city. Authority officials informed that allotments of 25 industrial plots and 12 institutional plots have also been cancelled.
New Town in Kolkata inches closer to solar city
Oct 04, 2013
KOLKATA:The Centre has approved the masterplan presented by the state government to develop Rajarhat New Town as a solar city. It mentions ways as to how solar and renewable energy can be used in the township. It will be a Rs 400-crore project if all proposals are implemented.
Now, apply online for deemed conveyance in Mumbai
Oct 03, 2013
MUMBAI: Cooperative housing societies will be able to file online applications for deemed conveyance of their properties from October 10, said a Member of Parliament.
Abadi land lease starts in Greater Noida
Oct 01, 2013
DELHI: Greater Noida Authority has begun leasing back abadi land to farmers of 39 villages who had been disgruntled over acquisition for industrial development of the area. In the first phase, the Authority has handed back 82,000 sqm of abadi land to 37 farmers of Bisrakh village.
Flat owners advised caution over VAT payment to builders
Oct 01, 2013
PUNE: Citizens’ groups and consumer forums have appealed to flat owners to refrain from hurriedly paying Valued Added Tax (VAT) to builders, following the Supreme Court’s decision.
Chennai developers scout beachfront options
Oct 01, 2013
CHENNAI: Clearing the air over rules governing construction of buildings in coastal regulation zones (CRZ), Chennai Metropolitan Development Authority (CMDA) has started issuing approvals for residential projects on the beachfront. The road abutting Elliot’s Beach in Besant Nagar will soon house one such project, a three-storeyed residential building being promoted by a prominent city builder.
Building terrace must be open to all residents: Bombay High Court
Sep 30, 2013
MUMBAI: No resident can be allowed to obstruct the BMC’s move to ensure access to the building’s terrace to all residents and for emergencies, the Bombay high court has ruled.A division bench of Justices S C Dharmadhikari and Gautam Patel dismissed a petition filed by a resident of a building in Grant Road who had challenged the notices issued by the municipal corporation.
Social infrastructure for quality life
Sep 27, 2013
MUMBAI: Buying a suitable house that fits in their budget is no doubt very important for home buyers. However, equally vital are the educational, health, transport, security, cultural and recreational facilities for quality living, which range from grocery stores and markets to banks, schools, hospitals, theatres, restaurants, clubs, religious places, etc. “Buyers have always had a holistic approach and they prefer to have schools, hospitals, shopping complexes, entertainment centres, etc., in c
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.
‘Hiba valid for property transfer’
Sep 27, 2013
HYDERABAD: The AP State Minorities Commission (APSMC) on 25th September issued notices to various government agencies instructing them to accept the Hiba (oral gift) as a valid method of transferring immovable properties.
35 illegal floors of Campa Cola may be razed on Oct 3
Sep 27, 2013
MUMBAI: The last vestiges of hope for embattled residents of the upscale Campa Cola society in Worli appears to be lost. The BMC’s building proposal department has “on legal grounds” rejected their proposal to regularize those sections of the society that fall within the permissible floor space index (FSI) limit. The BMC plans to raze 35 illegal floors across seven buildings on October 3, instead of the earlier plan of October 2 owing to Gandhi Jayanti.
Experts say pay VAT only if sale deed mentions it
Sep 27, 2013
MUMBAI: The SC was hearing 26 appeals against VAT on sale of flats, of which 12 were from Maharashtra and the rest from Karnataka while upholding the states’ right to impose VAT. The verdict means flats sold since July 1, 2006 will be liable for payment of the tax, unless the building was issued an Occupancy Certificate before the sale agreement.
North Bangalore – Emerging residential destination
Sep 27, 2013
BANGALORE: Bangalore north has become the epicentre of the city with the presence of the international airport in Devanahalli. A host of civic infrastructure projects to upgrade connectivity and promote seamless travel are further enhancing the dynamics of this region.
Affordable housing to be main attraction at GIHED
Sep 27, 2013
AHMEDABAD: Affordable housing seems to be the flavour of the three-day property show by Gujarat Institute of Housing and Estate Developers (GIHED) which begins on 27th September. About 70 developers will showcase residential, commercial and plotting projects.
Impact of inflation on home loan
Sep 27, 2013
BANGALORE: Over the past few years, home loan interest rates have steadily crept upwards. Everyone blamed it on inflation. In past few months, the rates have steadied after minor downwards rate revisions by the central bank. What happens during inflation?
Sale of residential property and tax
Sep 27, 2013
BANGALORE: A sale of property has tax implications. Before deciding on selling your property, you must analyse the tax implications as well. Capital gains tax is leviable when you sell a property. The gains arising out of the transfer of a property is the difference between the amount spent on its acquisition including the amount spent on improvement of the property, and the consideration received on its transfer. The excess over the amount spent is the capital gains.

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