The effect of a cut in home loan interest rates by RBI last week was palpable at the Telangana Real Estate Developers Association’s (TREDA) Property Show. The exhibition which concluded at Hitex, Madhapur on Sunday, was a big hit with more than 70,000 prospective home buyers visiting it. “This is the sixth time we have […]
Property News 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 […]
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 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 […]