In September 2015, Godrej Properties, the real estate arm of the Godrej group, sold 4.35 lakh sq ft office space at Bandra-Kurla Complex in Mumbai for an excellent valuation of Rs.1479 crore. In keeping with this buoyant mood, the realty firm is targeting a sales revenue of Rs.1500 crore this year through monetisation of other […]
Property News Archive
February 26, 2016 6:00 pm
Home buyers lose 85% of tax benefit on delayed possession
Did you know that a tax deduction of Rs 2 lakh annually is permissible against payment of interest on home loans, if the house is acquired within three years of taking the loan? and, if the possession takes place after three years, the exemption reduces to a mere Rs 30,000 a year — a drop […]
February 26, 2016 10:00 am
ICICI Bank takes over 275 acres from Jaiprakash Associates
In order to reduce the bank’s exposure to the company and also lessen JAL’s debt servicing obligation to a more manageable level, ICICI took over about 275 acres, worth an estimated Rs 1,500-1,800 crore from the flagship company of the Jaypee Group, Jaiprakash Associates Ltd. In Noida & Greater Noida. At the end of March […]
February 25, 2016 6:00 pm
Centre hints at making Aadhaar compulsory for property registration
To identify property owners and closely monitor the money entering the real estate industry, the Union government is contemplating on making Aadhaar, the identification issued by the Unique Identification Authority of India (UIDAI) mandatory for property registrations. Troubled by the large number of fraudulent transactions and investments worth crores happening in the realty sector, the […]
February 25, 2016 10:30 am
Lottery results for 4,275 MHADA homes in MMR
MHADA, the apex public body constituted under the MHADA Act, was established in 1977 under the Housing Department Government of Maharashtra with a comprehensive approach to housing problem in the state. Every year, MHADA conducts a lottery under Konkan Housing and Area Development Board. The result for the most recent lottery will be declared […]
February 24, 2016 10:00 am
Emergence of Dadar as a real estate hub
Despite the emergence of Lower Parel and Bandra-Kurla Complex (BKC) as prominent commercial real estate locations, Dadar continues to be in a class of its own. This is on account of the favourable geographical location as well the superb connectivity it provides throughout the city. On account of its historical popularity, the residential market property […]
February 23, 2016 6:00 pm
Shakti Kapoor’s luxurious home on Juhu beach
He entered the bustling city of Mumbai in 1975 finding a shelter. Who could have imagined that this yesteryears’ bad man of Bollywood would own a sprawling abode on the serene Juhu beach 40 years later? Five years after he came to Mumbai, Shakti Kapoor bought his first one-bedroom apartment in Juhu, for Rs. 70,000, […]
February 23, 2016 12:30 pm
The Chanakya – DLF’s new luxury property
Real estate giant DLF has announced the launch of its new luxury property ‘The Chanakya’ to bring in brands such as Longchamp, Hunkemoller, G Star Raw, Juicy Couture, La Perla and Chanel Beauty to its Emporio and Promenade malls in 2016. . Speaking on the launch, Dinaz Madhukar, Senior VP DLF Luxury Retail said, “It’s […]
February 19, 2016 6:00 pm
MORE invests Rs. 114 cr in Pune & Bangaluru
The real estate arm of Motilal Oswal private equity has made investments worth Rs. 114 crore in two projects – one in Pune and the other in Bangaluru. While Pune based Kolte Patil developers received Rs. 58 crore, Skylark Mansions which is based in Bangaluru collected funds worth Rs. 56 crore. Motilal Oswal Real Estate […]
February 19, 2016 10:30 am
Thane Municipal Corporation mulling over 10% hike in property tax
While presenting the annual budget of the civic body to the Standing Committee, The Municipal commissioner of Thane Sanjeev Jaiswal has proposed a hike of 10% in property taxes, both residential and commercial. The Rs 2549.82 crore budget for 2016-17 already includes Rs 230.10 crore surplus carried forward from the previous year. Jaiswal said […]