Over 50 couples in Shanghai, China filed for divorce within a day, in order to save tax on home sales. Report claims that similar figures were recorded in Wuhan, Nanjing and Ningbo in China. The couples opted to spend a small amount and divorce to split property ownership to escape paying the capital gains tax. […]
Mumbai Archive
November 4, 2013 7:46 am
Residential apartments in Mumbai has dropped over 30% in the last five years.
The average size of residential apartments in Mumbai has dropped over 30% in the last five years. With this, realty developers’ intended to increase affordability and as a result sales of residential property. Interestingly this is not a trend followed in Mumbai alone. Researches show that the average residential apartment size has reduced across India. […]
September 18, 2013 7:25 am
10 Things you must check before buying property in India
10 Things you must check before buying property in India 1.Title deed / certificate of title of the land 2.Encumbrance certificate 3.Torence Plan 4.Pledged land 5.Property Tax receipts 6.Measurement of Property 7.Owner or Owners 8.NRI owner 9.Deed/ Sale Agreement 10.Property Registration http://bit.ly/17GGpbI
September 10, 2013 7:21 am
The falling price of rupees has brought more NRI investors
The increasing value of dollar against rupee might be a worrisome issue for most, but this is definitely not the case for the developers in Mumbai. According a report by the Times of India, the falling price of rupees has brought more NRI investors (non-residential Indians) into the Mumbai property market. It is believed that […]
September 6, 2013 10:39 am
Salman paid six times more than the actual worth of the property
Actor Salman Khan is known for his Dabanng style not only in his reel-life, but also in his real-life. The actor reportedly bought a 1,079-square metre carpet area apartment in Bandra for a whooping 20crores. Controversies rose when it was brought to light by an activist that the actor paid six times more than […]
September 5, 2013 3:25 am
Installing fake railway station board
Caution for the buyers: Profit-driven imagination of the builders leads not only to fake promises, but also manipulating facts and installing fake railway station board. Midday recently exposed the hoax of a prominent construction group, which has been, for the past four years, advertising its project in Mumbai claiming to be well-connected by a pedestrian […]