As per a new resolution of the BMC’s standing committee, property owners in Mumbai will have to pay an average increase of 14.52% as property tax from April this year. However, owners of flats that measure less than 500 sq ft will not pay the increase as they have been granted relief by the Chief […]
Featured Archive
September 24, 2015 6:00 pm
Andheri’s Hotel Aura Grande acquired by Bangaluru based MRG Group
Deal space in the hospitality sector is picking up in 2015 with alleviation of valuations and improved market conditions drawing buyers back to the bazaar after nearly two years. In the most recent development, MRG Hospitality and Infrastructure, the owner of a chain of boutique hotels under the ‘Goldfinch’ brand, has acquired Aura Grande, a […]
September 24, 2015 10:00 am
Standard Chartered Bank to sell off its crown jewel – Kolkata office
The oldest foreign bank in India, Standard Chartered Bank, has decided to put its 19 Netaji Subhas Road branch office on sale; an 80,000 sq ft space built in the 19th century, for about Rs 110 crore. The bank is selling its crown jewel and taking various other measures to pull itself out of a […]
September 23, 2015 6:30 pm
Lucrative offers from developers: Combo of residential apartment, helicopter joy ride and a job for one female member of buyer’s family in 6.25 lakhs
If you think that it’s impossible to own apartment in low cost or get job in the city like Mumbai, so this time you are wrong because now real estate builders are making an unusual promises as recently one of the Mumbai based real estate announced that his company is offering residential apartment in just […]
September 23, 2015 11:00 am
In Mumbai two third unsold apartments have priced above Rs 1 crore, beyond the reach of potential home buyer’s
In present, there are more than two third unsold real estate inventory related to housing sector is priced above Rs 1 crore, which is much beyond the reach of normal potential home buyers. There are about more than 33,500 residential apartments in this particular category out of total 44,032 units. More than 80 per cent […]
September 23, 2015 10:00 am
Maha Govt will issue Conveyance Certificates to housing societies within 6 months of application
Soon after Devendra Fadnavis joined as the Chief Minister of Maharashtra, he had promised a stringent legislation to provide basic services to the citizen in a time-bound manner. “For efficient and transparent governance, we will provide 110 services in a timely manner”, he had told the Legislative Assembly. In a landmark decision taken on September […]
September 22, 2015 6:00 pm
Goa property owned by Leelaventure sold for 725 cr.
The luxury hotels operator Leelaventure Ltd. has sold its Goa property to a Malaysian company for Rs 725 crore ($111 million). According to sources, this move has been taken to cut its debt. MUMBAI : The state government on Saturday took a landmark decision to provide deemed conveyance certificates to housing societies within six months […]
September 21, 2015 10:00 am
House hunting goes mobile!
Home search is evolving from the traditional broker or word-of-mouth driven to online property search. With the rapid penetration of smartphones in Indian households, looking for property online through mobiles has witnessed nearly 3 times faster growth than through desktops, a recent survey has revealed. Mobile solutions are taking a ground-breaking leap in helping buyers […]
September 20, 2015 6:00 pm
To improve road connectivity between India and Sri Lanka, Nitin Gadkari and Sri Lanka PM, discuss the India-Lanka road project of $ 5.19 billion
With an aim to improve the road connectivity with neighbouring nations Indian Government has signed Motor Vehicle Pacts (MVP) with Bhutan, Bangladesh and Nepal and now it is proposing with Sri Lanka with an aim to improve the road connectivity with Sri Lanka. This is one of the most ambitious road project to connect Sri […]
September 20, 2015 10:00 am
Abbott India Ltd. has bought 500,000 sq. ft. commercial space at Mumbai in Rs 1,400 crore
Recently, Abbott India Ltd. has closed a deal of Rs 1,400 crore in Mumbai, where Abbott has bought 500,000 sq. ft. commercial space and it is one of the largest commercial real estate deal in present time, as per the real estate experts who are familiar with the real estate transaction. This deal is clear […]