Reinforcing faith in India’s real estate sector, amid a two-year-long slowdown that continues to see apathetic sales and an inventory pile-up, foreign institutional investors (FIIs) and the private equity (PE) funds made a beeline to invest in residential and commercial projects this year. According to data from VCCEdge, PE funds invested about $2.4 billion in […]
Featured Archive
October 3, 2015 6:00 pm
HKCCI oppose the state government for increasing guidance value of property at Kalaburagi City
The HKCCI (Hyderabad Karnataka Chamber of Commerce and Industry) has taken stand against the proposal of State Government which was about to increase the guidance value of the real estate property in Kalaburagi region without any set of guidelines. A written objection which was filed by HKCCI before Chief Controlling Revenue Authority in Karnataka, Inspector […]
October 3, 2015 10:00 am
India’s property market is getting pace after mega commercial deals
Currently, Indian property market is witnessing boost after the two mega commercial deals; In first deal; Carnival Group buys real estate project from L&T Group in Chandigarh and the deal price was Rs 1,785 cr and in second deal; Abbott Group buys office space from Godrej Properties in Mumbai and deal price was Rs 1,479 […]
October 2, 2015 10:00 am
Abbott India buys commercial property from Godrej Developers for Rs 1,480 cr in mumbai
Abbott India, one of the fastest growing Pharmaceutical firm has bought 4,35,000 sq. ft. of commercial property from Godrej Developers, which is located at Mumbai’s Bandra-Kurla Complex and the price of deal was Rs 1,480 crore. Godrej BKC is one of the largest and high-end commercial real estate projects in all over Mumbai as it […]
October 1, 2015 6:00 pm
NRI home buyer? Tips on repatriation of funds post realty sale
Are you a Non-resident Indian who has invested in Indian real estate market expecting a good return? Then you should understand the pros and cons of repatriating the money back to your country without any hassles. Remember, the planning should be done before you decide to make the purchase rather than during the sale […]
October 1, 2015 10:00 am
Sindhi refugees to get property ownership rights – Maharashtra
In a landmark decision, the Government of Maharashtra has ruled that property ownership rights will be granted to the Sindhi refugees who migrated from Pakistan after Partition and settled in Mumbai and other parts of the State. Eknath Khadse, Minister of Revenue has confirmed that the ownership rights will be transferred to all members of the Sindhi community […]
September 30, 2015 10:00 am
Quick guide on legal checks before property purchase
Recently, in an Allahabad High Court ruling, the real estate giant Supertech was asked to demolish its 40-storey tower in Noida. However the company will move the Supreme Court against the order claiming that all necessary approvals from appropriate authorities were in place. The tower was constructed against the mandatory building rules. While the permitted […]
September 29, 2015 6:00 pm
Increase EMI, Shorten tenure – Home Loan
Contemplating on buying a home on loan? Here are some quick tips before you finalize. It is certainly tempting to opt for a longer tenure on a home loan as it reduces the EMI amount. However, in a long-term loan, the interest outgo is too high. Let us see how. Lenders easily offer home loans […]
September 29, 2015 10:00 am
Transfer of property to Reits may be exempted from stamp duty
Following representations received by the prime minister’s office (PMO) from both domestic and foreign private equity players in the past two months, Finance Minister Arun Jaitley is expected to consider the issues of scrapping stamp duty on transfer of properties by private individuals and firms to real estate investment trusts (Reits) and making dividend distribution […]
September 28, 2015 11:00 am
Buying resale property? Here are some tips
There are multiple reasons that push you into buying resale property, and the foremost being the urge to own a home of your own. Other than this evident reason, when you hear a lot of new residential and commercial projects entering the market on a regular basis and flying off the shelves even before they […]