In today’s scenario where possession of the property within stipulated time is a challenge, Budget 2016-2017 proposes tax relief under Section 24 of I-T Act on interest payment on home loan if the property bought, or under construction, is completed within 5 years from the end of the financial year in which the loan was […]
March 19, 2016 11:00 am
In a first, Maharashtra Government is contemplating on waving off stamp duty on small homes. While the planned waiver is expected to offer relief to buyers of small and compact homes, the revenue collection gap will be filled by increased charges on larger apartments. The government will give up stamp duty, levied at 5% of […]
March 18, 2016 6:00 pm
Located near the domestic airport at Mumbai’s Vile Parle area, The headquarter of defunct Kingfisher Airlines popularly known as the Kingfisher House is being put up for e-auction by State Bank of India through which interested buyers will bid for it online. The base price for this multi-storey building, with a built up area of […]
March 18, 2016 11:00 am
Film stars have always been an ideal choice for any brand endorsement and if it is a celebrity couple, it’s a cherry on the cake! If rumour mills are to be believed, star couple twinkle Khanna & Akshay Kumar have been roped in as brand ambassadors of a leading real estate company of Mumbai. […]
March 17, 2016 6:00 pm
The central suburbs of Mumbai are witnessing change as civic body commissioners are displaying positive aggression in matters of public interest. While Thane’s municipal commissioner Sanjeev Jaiswal ordered demolition of legal and illegal structures to unclog & clear the station road area, in a fresh move, KDMC’s commissioner E Ravindran took property tax defaulters to […]
March 17, 2016 10:00 am
Within two years of acquiring the 88-acre land parcel from Clariant Chemicals in Thane which was one of the largest land transactions in the country, Lodha Group has announced its mega plans for an expansive residential neighbourhood in Prime Central Thane. India’s largest real estate developer, the Lodha Group announced another milestone for the company with […]
March 16, 2016 6:00 pm
According to sources, The Micro Housing Finance Corporation (MHFC) which lends to the affordable housing segment expects to exceed an Rs.400 crore loan book by end of fiscal 2016. Owing to introduction of the credit linked subsidy scheme (CLSS), the company anticipates that the demand for affordable housing will go up. This scheme was launched […]
March 16, 2016 10:00 am
Before even looking out for a property, buyers like to know the quantum of home loan they are eligible for. While that’s a good approach, there is always more clarity needed to make the final decision. We have attempted to throw light on some aspects to aid your decision making. Banks or financial institutions determine […]
March 15, 2016 6:30 pm
One of the top real estate consultant, Investors Clinic Infratech, is offering their latest scheme i.e. Byaaj Mukt Awaas Yojana, that will bring down the cost for prospective home buyers. By partnering with builders and financial institutions, the clinic offers interest free loans under the scheme for buyers towards purchase of flats. In comparison to […]
March 15, 2016 10:00 am
Buying a house earlier used to be quite a tedious process for the buyers. The new real estate bill has brought about reasons to cheer for them as it has made the buyers more accountable for various things thus ensuring the protection of buyers interests. Here are five of them: Regulation for Real Estate […]