The Confederation of Real Estate Developers of India (CREDAI) has urged to abolish the levy of Value Added Tax (VAT) on property transactions. CREDAI’s request comes in wake of a Supreme Court order in September last year making it mandatory for payment of VAT on property purchases in the State made from 2006 to 2010. […]
August 22, 2014 2:16 am
The office property market is expected to continue to strengthen for the remainder of 2014. The restoration of business confidence is expected to gain steam, on the back of the positive business outlook. Adequate supply in the pipeline in all the markets will ensure steady rentals across the cities in the medium term, while vacancy […]
August 21, 2014 4:08 am
A government notification issued by Inspector General of Registration on LBT has ended all confusions over payment of one per cent Local Body Tax (LBT) by property buyers as stamp duty. The State government had increased stamp duty from April 1, 2013. As per the notification, property buyers, whose sale agreements are registered before April […]
August 21, 2014 3:41 am
Mumbai remains the top favourite of property buyers, reveals a recent survey. The survey, conducted by a private portal included a 2,583 strong sample of 40 percent respondents in the 25-35 age group and the rest above the age of 46 year. One-third of the respondents felt that the time is right to make a […]
August 20, 2014 12:13 am
The decision of the Reserve Bank of India (RBI) to keep has disappointed the real estate fraternity that has already been reeling under a slowdown. RBI Governor Raghuram Rajan has key policy rates on hold in his second bi-monthly monetary policy review, the first under the Modi regime. According to Shrikant Paranjape, Chairman, Paranjape Developers, […]
August 19, 2014 12:21 am
Have you ever imagined that a house will ever cost you an astounding Rs 100 crore? But this is the case with the concept of sky bungalow gaining a momentum across the metropolis. For example, an 18,000-sq.ft, sky bungalow at Worli here is yours for just Rs. 100 crore. Advertised by the builders as castles […]
August 18, 2014 6:44 am
Here comes a shot in the arm of housing sector with none other than Maharashtra Chief Minister Prithviraj Chavan stating that the state government will ensure that middle income group people are able to afford their own houses. Speaking after unfurling the tricolour at the Mantralaya here to mark the 68th Independence Day, the Chief […]
August 16, 2014 11:28 pm
Faced with depleting revenues due to the economic slowdown and rising inflation, industrial units around Mumbai, Thane, Pimpri Chinchwad are diversifying into the real estate business to develop additional sources of income. Many companies are converting their land holdings from industrial to residential purposes. For example, so far the Pimpri Chinchwad Municipal Corporation has converted […]
August 14, 2014 7:40 am
Real estate market is blooming and has the best prospect now and may be in future as well. People have always been looking out for their dream home. As monsoon time is about to over, so this will be the high time for real estate market in Mumbai. There are so many properties and houses […]
August 11, 2014 12:56 am
One of the biggest known companies of India, Subrata Roy was sentenced to Tihar Jail in the month of March 2014 as he was unable to persuade the judges that he was willing to return the money amounting to around 20,000 crores, back to the investors who were cheated in the bond scheme launched by […]