If new proposed formula of the municipal administration to calculate property tax in the city is approved by the standing committee of the BMC on Wednesday so all the residential property owners will have to pay the 11.74 per cent more residential property tax than what is paid now and it will come in effect […]
Real estate Blogs Archive
March 26, 2015 9:00 am
In E-Auction, SBI sells 130 properties: Reports
Country’s largest lender, State Bank of India could sell only about 130 properties in its e-auction of 300 assets to release just about Rs 100 crore. As per the senior official of SBI, “we sold around 130 properties, largely residential through the e-auction process to release just Rs 100 crore: The more he added that […]
March 24, 2015 9:00 am
Changes in RBI home loan guidelines are the positive sign for EWS and LIG: DHFL
Harshil Mehta from DHFL believes that new guidelines of RBI may also get extended for middle income group (MIG) which costs around Rs 12 to 15 lacs in tier-2 and tier-3 cities. To provide a boost for affordable housing, the Reserve Bank of India (RBI) eased norms last week for home loans of up to […]
March 23, 2015 9:00 am
SBI is about to put Kingfisher House on e-auction block
After getting unexpected response from its mega auction of Rs 1,200 crore worth properties belonging to defaulters, now SBI is planning to include Kingfisher House on its next e-auction block for the next round. On last Friday, State Bank of India put the block 300 pieces of residential, commercial and industrial properties across the countries […]
March 21, 2015 9:00 am
If you have queries regarding house tax, so email to MCG
Recently, MCG has launched a dedicated service for all property owners who have doubts regarding house tax dues. Now if you have any query regarding house tax, so you can email on contact@mcg.gov.in which is the dedicated email id of MCG, so that all property owners can clear doubts regarding house tax dues and fix […]
March 19, 2015 9:00 am
Now MHADA will review its 104 colonies, as per the order of the Maharashtra State Government
Recently, the Maharashtra State Government is in his effort to augment housing supply in Mumbai and in that process it asked to MHADA (Maharashtra Housing & Area Development Authority) to to review its all 104 colonies spread over 3,800 prime acres across the city. The Maharashtra State Government has also asked to MHADA to assess […]
March 18, 2015 9:00 am
More charge on extra FSI can hit the redevelopment work in Mumbai’s suburbs
Recently, the proposal of Maharashtra government to put extra charge on builders more for the extra 0.33 floor space index (FSI) given for housing projects is likely to hit redevelopment work in Mumbai‘s suburbs. The Maharashtra government has increased the ready reckoner rates by an average 15% every year since 2008 and now government is […]
March 17, 2015 9:00 am
Subhash Runwal: Newest billionaire of India, built a whole property empire from ground zero
Subhash Runwal, who is one of the India’s newest billionaire, makes his debut this year with a worth of $1 billion fortune, hails from Dhulia, which is a small town in Maharashtra state. His grandfather was a jeweler but when Mr. Runwal was a teenager, the family had faced a very hard times. This young […]
March 12, 2015 9:00 am
Properties of Mumbai showing trips in price
According to few reports, property prices will remain high in certain market conditions, but they will not increase any more. The value of under construction property which is unsold in real estate inventory in Mumbai can be anything as its R 53,400 crore for a clutch of listed firms and it presents that consumer confidence […]
March 9, 2015 10:00 pm
ADB says committed to supporting India’s ambitious plan to build 100 smart cities
ADB (Asian Development Bank), which is Manila based bank stated that they are committed to support India’s most ambitious plan, which is to build around 100 smart cities in the country. As per the statement of Takehiko Nakao, who is the President of Asian Development Bank, “Our bank will continue to play an important role […]