The Central Park in NYC, one of the most filmed locations in the world, is spread over nearly 900 acres. Now, The BMC wants to build Mumbai’s largest park in south Mumbai, on the lines of the historic Central Park in New York City. The civic body has proposed to reclaim 300 acres off Cuffe […]
May 3, 2016 10:00 am
The process of making essential operational rules and creation of institutional infrastructure for protecting the interests of consumers in the realty sector begins with the ratification of the Real Estate (Regulation and Development) Act, 2016 that comes into effect from May 1st. The ministry of housing and urban poverty alleviation (HUPA) has already notified 69 […]
May 2, 2016 10:00 am
The Finance Bill 2016, which is expected to be approved by Parliament during the ongoing second half of the Budget session, provides for up to Rs 50,000 tax benefit on housing loans up to Rs 35 lakh taken for first residential property. The proposal aims to promote the government’s ‘housing for all’ scheme and strengthen […]
May 1, 2016 11:00 am
In an effort to bring cheer to middle and lower income segments which dream of owning a home at affordable Equated Monthly Installments, PNB Housing Finance Ltd. launched a special home loan scheme for the salaried and self-employed professionals with income starting from Rs 10,000 per month and above for a loan amount up to […]
April 29, 2016 10:00 am
In its second realty deal this year, Blackstone Group Lp is likely to buy a million sq.ft of retail space in the 40-acre transit oriented project which is being developed by L&T Realty in Navi Mumbai around Seawoods Darave railway station. According to sources, Blackstone has in-principle agreed to buy the retail portion of Seawoods […]
April 28, 2016 10:00 am
Liquor baron Vijay Mallya who is under scrutiny for defaulting on loans worth Rs. 9000 crore from various Indian banks, has been living in a $15 million mansion in England’s Hertfordshire county, The Sunday Times reported. The mansion was bought from the father of the Formula One champion Lewis Hamilton, by a company with offshore […]
April 27, 2016 11:00 am
In an industry where many dreams get crushed every day, Priyanka Chopra has sure sweat it out to survive and make it big. From ‘Quantico’ to ‘Baywatch’ and to presenting the Oscars, PC is on a roll! The beauty has been hopping in and out of India, shooting for the second season of her show […]
April 24, 2016 10:00 am
If you are wondering whether With the new benchmark rates being reviewed every month, should new home loan borrowers keep checking rates or will the annual reset take care of everything, Arundhati Bhattacharya, Chairman of country’s largest lender State Bank of India explains it all here. The Base Rate is reviewed quarterly and banks cannot […]
April 23, 2016 10:00 am
A complaint was filed at the Shivaji Nagar police station in Pune by the State Government against The Maple Group which had recently published advertisements to promote its housing scheme that offered a one-bedroom-hall kitchen flat for just Rs 5, 00,000 on the outskirts of Pune. The government had earlier issued a notice to the […]
April 22, 2016 10:00 am
As part of the long effort to recover money from the Sahara Group, the Securities and Exchange Board of India (SEBI) is planning to outsource the Sahara property auction job, which could be worth nearly Rs 40,000 crore. The market regulator is in talks with SBI CAP Trustee Co and UTI Infrastructure Technology and Services […]