Did you know that paperwork like tax receipts is not enough to prove you are the owner of a property? Yes, you’d be surprised to know that a transaction entered into between a buyer and seller of land is simply recorded at the registration and stamps duty office. However, it is only a record, […]
April 12, 2016 10:30 am
The new set of Income Tax Returns (ITR) forms which were unveiled on 31st March 2016 by the Central Board of Direct Taxes (CBDT) will include a new schedule — schedule AL to all ITR forms (including ITR 1). In this, if you earn more than Rs 50 lakh a year, the I-T Department wants […]
April 8, 2016 11:00 am
After spending three years in Bollywood and featuring in films like ‘baby’ and ‘Chashme Baddoor’, actress Taapsee Pannu has bought a four bedroom apartment in the plush Andheri area of Mumbai. Taapsee entered the showbiz with Telugu films like ‘Aadukalam’ and ‘Vastadu Naa Raju’. “I first wanted to wait for Bollywood’s response in terms of […]
April 7, 2016 10:00 am
After the Reserve Bank of India prescribed new system to improve transmission of monetary policy that is Instead of one benchmark rate, banks would indicate at least five benchmark rates varying according to tenures called Marginal Cost of funds based Lending Rates (MCLR), home loans from the country’s largest lender, State Bank of India are […]
April 6, 2016 6:00 pm
The state revenue minister, Eknath Khadse made an announcement in the state assembly that the Ready Reckoner (RR) rates have been increased to 7% with Effect from April 1, 2016. In rural areas the rates have been hiked by 8%, 7% in influential areas, 7% in municipal council and nagar panchayat limits and 5% in […]
April 6, 2016 10:00 am
From April 1st onwards, home loans are going to be cheaper. As part of the new rules announced by RBI, banks across the country will have to calculate their lending rate as per the marginal cost of funds. The country’s biggest lender State Bank of India has revised its home loan rate to 9.4%. This […]
April 5, 2016 6:00 pm
It is a well-established fact that an airport spurts the demand for real estate for the areas in the vicinity. Airports have always contributed to any city’s real estate and economic development by enhancing business activity & thereby boosting employment & purchasing power subsequently increasing the appetite for home ownership. The requirement of rental accommodation […]
April 5, 2016 10:00 am
The festival of Gudi Padwa typifying all new auspicious beginnings is earmarked by builders for launch of their respective projects. Particularly, this year the timing of the festival is well placed for project launches. Talking about the buoyant feeling about increasing end user demand in the market, Ravi Ahuja, Executive Director, Development Services, India, Cushman […]
April 4, 2016 11:30 am
It is heard that two bids totalling $ 1bn have been received by real estate giants Hiranandani for its property in Powai. As per sources, the bids have been received from an Indian PE Firm and Canadian Firm. Hiranandani is, apparently planning to sell commercial property measuring 4.5 million sq. ft in Mumbai’s suburbs. The […]
April 3, 2016 10:00 am
There are nearly 15 lakh properties under the Bruhat Bangaluru Mahanagara Palike (BBMP) limits, the details of which will be uploaded ward-wise on the BBMP website very soon. M Shivaraju, BBMP Taxation and Finance Committee Chairperson confirmed that after the revision of property tax with effect from April 1, 2016 all details of properties will […]