Ready reckoner rates (RR), which apply from January 1 every year, are used to calculate the value of immovable property like commercial or residential buildings and land and accordingly levy stamp duty on them. The state stamp duty and registration department is all set to increase these rates in the coming year to bring them […]
commercial real estate Archive
December 15, 2015 6:00 pm
Investment in real estate is about to touch seven years high with Rs 53,000 cr
At the end of 2015, the investment into real estate sector is ready to close with $ 8 billion or Rs 53,000 crore and it highest among last seven years. However; most of the money has come from borrowings as well as private equity (PE) route through NCD (non-convertible debentures). While looking to size of […]
December 4, 2015 10:30 am
Commercial real estate – some huge deals of recent times
In most recent realty news, southern real estate developer, RMZ Corp is in the advanced stages of negotiations to acquire Equinox business park in Mumbai from the Ruias of Essar Group. Sources familiar with the development confirmed that the transaction has been concluded for a monstrous Rs. 2400 crore. While billionaire brothers Shashi and Ravi […]