Indian people who are living in America and other countries are looking for the way to protect their properties in India. Most of the time NRIs prefer to buy properties in India due to attractive return from real estate sector, but from past few years people of Indian origin who are living in abroad are […]
Real estate Archive
October 30, 2015 10:00 am
Navi Mumbai – Smart city or Tech city?
To enroll for the Smart City challenge and grab the title, people’s participation is of utmost significance. Navi Mumbai Municipal Corporation has taken a step towards ensuring this by launching a website. “It is very important to garner involvement of people for the success of any campaign. This website will take us closer to […]
October 29, 2015 6:00 pm
According to CBEC, Title transfers of immovable properties are not taxable
In case of flat sales, the title transfer of immovable property with an issuance of an occupancy certificate will be exempted from any kind of service tax, on Monday the finance ministry stated. It was long time issue in the real estate domain and to resolve this long standing issue which is directly related to the […]
October 29, 2015 10:00 am
Now onwards Mumbai developers can take the help of private consultants to receive the NOCs
As a part of new initiative “Ease of Doing Business”, BMC is planning to reduce the building permissions from over more than 150 buildings to 70 buildings. However; according to the reports of construction industry, it is“Eyewash” stating that there is need of proper building approvals system in all civic bodies which are dominated by […]
October 28, 2015 6:00 pm
Service tax exemption for title transfer of immovable property
When it comes to sale of flats or transfer of title of immovable property, so now onwards after the issuance of occupancy certificate there will be no need to pay the service tax, as per latest guidelines of Finance Ministry of India. On Monday, CBEC (The Central Board of Excise and Customs) issued the clarification […]
October 28, 2015 10:00 am
Macquarie to invest in Indian real estate
At a time when cash flows are weak owing to slump in home sales, real estate developers are relying heavily on external sources of capital to drive business. To ease the woes of Indian realty, it is reported that Macquarie Infrastructure and Real Assets (MIRA), an arm of Australia’s Macquarie Group Ltd, is set to […]
October 26, 2015 10:30 am
Navi Mumbai Builders’ Association protests against CIDCO, NMMC
Charging CIDCO & NMMC for corruption and systemic delays in clearance of various real estate development plans, the Builders Association of Navi Mumbai (BANM) protested outside their offices recently. The agitation was sparked by the suicide of Suraj Parmar, a prominent builder on October 7 whose suicide note revealed the harassment he suffered while dealing […]
October 25, 2015 10:00 am
Ghodbunder Road – upcoming destination for affordable premium homes
From a small suburban town on the outskirts of Mumbai to a self-sustaining metropolis, Thane has progressed leaps and bounds over the last decade. It is a modern city with expansive flyovers, seamless highways and broad roads that contribute to its burgeoning social infrastructure. With a property price boom that was seen in areas in […]
October 24, 2015 6:00 pm
Tom Cruise sells Hollywood house for $ 15.7 million
Eva Longoria is the new owner of a Hollywood Hills pads courtesy Tom Cruise. According to a report from Variety.com, the Desperate Housewives star bought Cruise’s palatial Hollywood Hills estate for $US 11.4 million ($15.7 million). Cruise has already handed over the deeds of the compound to the actress. The two-storey main residence is a […]
October 24, 2015 10:35 am
Motilal Oswal Real Estate PE fund to raise 1000 cr.
MORE, (Motilal Oswal Real Estate) the real estate arm of Motilal Oswal Group plans to raise about Rs. 1000 crore through its third real estate fund. The funds will be utilized for development of residential projects by reputable developers in the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), cities like Bengaluru, Pune, Chennai and […]