Latest Realty News

No property tax board yet in Karnataka
Jul 08, 2013
BANGALORE: Ever wondered why we, as citizens, have no say in fixing property-tax slabs? Here’s why. For two years, the Karnataka government has been sitting on the formation of property tax board, which was proposed to ensure transparency in fixing tax slabs for residential, commercial and other establishments.
Upcoming residential options in Keshav Nagar-Mundhwa
Jul 05, 2013
PUNE: The stretch between Keshav Nagar and Mundhwa in Pune is witnessing rampant real estate development. Key upcoming projects along the stretch are, Adrina by Vastushree Developers, Eastern Ranges by Phadnis Properties Ltd and Alcon Silver Leaf by Alcon Builders and Promoters.
BMC will refund Rs 895 crore to citizens for extra property tax paid
Jul 03, 2013
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has to refund Rs 895 crore to citizens who have paid extra property tax based on provisional bills sent to them since 2010, before the final ones based on the capital value system were sent early this year.
No tax cuts, FSI sops for eco-friendly buildings in Maharashtra
Jul 03, 2013
MUMBAI: After dangling a carrot in front of developers and citizens to promote environment-friendly buildings, the state government seems to have yanked it away for now.
How to buy a flat and not lose sleep in Mumbai
Jul 03, 2013
MUMBAI: the city where the dream of owning a cherished home can turn into a dreadful experience for the flat buyer. Mumbaikars have spent sleepless nights after authorities have ordered the demolition of their buildings for violations the residents were unaware of. The beleaguered residents of Worli’s Campa Cola compound, and those who later found that their buildings stood on forest land, are only two such examples.
Ghatkopar-Vikhrolibhandup-Mulund ideal for mid-segment buyers
Jul 02, 2013
MUMBAI: It is a known fact that the Mumbai property market is the most expensive in the country. However,despite the exorbitant prices and premium localities, the city has, on a consistent basis, managed to nurture areas that can still be labelled as relatively affordable.
Bengaluru most affordable, Mumbai most unaffordable
Jul 02, 2013
MUMBAI: Mumbai remains the most unaffordable market with 29% of the city’s total under construction units surpassing the Rs 10 million mark as compared to 11% and 5% for the NCR and Bengaluru markets respectively, said a Knight Frank research report released on July 1. Bengaluru remains the most affordable residential market with more than 77% of its total under construction units falling below the ticket size of Rs 5 million. This is followed by Chennai at 75%.
BMC extends property tax payment date
Jul 02, 2013
MUMBAI: The due date for the payment of property tax bills is extended upto September 30 in respect of properties having final property tax bills higher than provisional property tax bills issued for the period 2010-11, 2011-12 and 2012-13 due to increase in taxes.
Décor options galore in the Mundhwa-Keshav Nagar stretch
Jul 02, 2013
PUNE:The Mundhwa-Keshav Nagar stretch offers land not only in abundance but also at affordable prices. The developers in this belt are offering numerous facilities with their projects such as:
Builders may have to register with Pune Municipal Corporation
Jul 02, 2013
PUNE: The Pune Municipal Corporation (PMC) is planning to start a mandatory registration process for builders so that they can be held accountable for constructions carried out within the PMC limits. No construction projects will be allowed without registration.
No property papers? What sellers & buyers should do
Jul 01, 2013
MUMBAI: A couple of years ago, when Vaibhav Chapke, a 38-year old IT professional, was looking to buy a house, he zeroed in on one at Kandivli, Mumbai. "The property agent had shown me a few houses, but I liked this one because it was in an ideal location, was well-maintained and, more importantly, fit my budget." However, Chapke became suspicious and reluctant when the owner said he preferred the entire sale proceeds in cash, at one go. He decided to research and roped in a lawyer to help him o
Mundhwa to Keshav Nagar is a hotspot for property investment
Jul 01, 2013
PUNE: The Mundhwa-Keshav Nagar stretch is among the many areas in east Pune, which has caught the attention of real estate developers. This less-than-a-kilometre stretch is a fast-developing location, as it offers a convenient drive to the city’s central business district, Camp and the Pune railway station. Easy accessibility has led to the coming up of new projects at different stages of construction and completion.
Rupee depreciation may boost NRI investments in realty sector
Jul 01, 2013
MUMBAI: The depreciation in rupee provides a psychological boost to both non-resident Indians as well as developers, real estate consultancy firm Cushman & Wakefield said.
Residential options galore in Ghatkopar, Mulund, Bhandup, Vikhroli
Jul 01, 2013
MUMBAI: Ghatkopar, Vikhroli, Bhandup and Mulund are situated along the central line in Mumbai. These localities have emerged as attractive destinations for buyers looking for areas that are close to the nerve centres of the metropolis.
Two-Day Road Show of DAMAC Properties in Delhi and Mumbai
Jun 27, 2013
MUMBAI: DAMAC Properties, the largest private developer of luxury real estate in the Middle East, is beginning a two-day road show in Delhi and Mumbai to showcase the latest luxury living in Dubai.
Reliance building on real estate interests in Kenya
Jun 27, 2013
MUMBAI: Reliance Industries is expanding its presence in the real estate sector in Africa.In its second major foray, the Mukesh Ambani-owned Reliance Industries has acquired 10 prime plots of land in Kenya’s capital, Nairobi, for around Rs 202 crore ($33.9 million).
Mumbai : New system may allow ready reckoner rates to be revised
Jun 27, 2013
MUMBAI: After receiving complaints on discrepancies in the ready reckoner rates in Mumbai and other parts of the state, the government on Wednesday said it would review the system to determine real estate prices, and also introduce an option of revising them after they are published.
Inflationary pressures hold cut in key rates by RBI
Jun 27, 2013
BANGALORE: The Reserve Bank of India (RBI) kept all the policy rates unchanged in the Credit Policy review on June 17. However, going by the current macroeconomic factors, this was quite expected. The RBI decided to hold the repo rate and cash reserve ratio (CRR) at the existing levels. It kept the CRR unchanged at four percent and the repo rate at 7.25 percent.
Pune’s new ‘green living’ is a fast-emerging concept
Jun 27, 2013
PUNE: Over the last decade, people’s lifestyles have evolved into an important and often decisive factor in the Indian real estate industry. With the increasing presence of the IT/ITeS sector in many cities of the country, a large segment of Indian home buyers have entered a higher level of affordability and therefore, tastes in homes. This has led to a greater emphasis on larger sizes, evolved ambience and interior décor in the choice of properties.
Property for Rs 20-40 lakh available in Kolkata
Jun 26, 2013
KOLKATA: Are you planning to invest Rs 20–40 lakh in Kolkata? Rajarhat is one locality you can opt for. Property in this price segment is easily available in Rajarhat and in demand by 40 per cent of people living in Kolkata.
PMC will start collecting 2 per cent fine on property tax dues
Jun 26, 2013
PUNE: The Pune Municipal Corporation (PMC) will start collecting 2 per cent fine on property tax dues from July 1.
‘Housing Regulator Bill ignores ground realities’
Jun 26, 2013
MUMBAI: Even though the Real Estate (Regulation and Development) Bill is expected to bring in transparency, it also brings with it challenges like timely project clearance which need to be addressed first, consultancy firm Jone Lang LaSalle has said.
Exit low building clusters, enter skyscrapers at Girgaum and Parel
Jun 26, 2013
MUMBAI: The skyline is set for a drastic change with the high-power committee for cluster redevelopment giving the go-ahead to two projects at Girgaum and Parel each. All low-rises here would be mowed down to make way for skyscrapers.
Unrestrained speculative buying can kill the market
Jun 25, 2013
MUMBAI: With the Mumbai real estate re-sale market touching hitherto unseen heights, questions about how sustainable the real estate bubble is are being raised more so now than ever.
CHD Developers launches its Headquarters-CHD Sky One
Jun 24, 2013
DELHI: NCR will soon witness its own symbolic building, as CHD Developers Ltd., one of northern India’s most renowned developers are set to launch its headquarters ‘CHD Sky One’ in Dwarka Expressway. Poised to be an iconic building of India, Sky One will change the skyline of Dwarka Expressway with its stunning international design, setting a benchmark like no other.

Latest Realty News Of State

Realty Talk's