Now Maharashtra property department has reason to joy as more than 1,800 people, including poll contestants are now queuing up to pay property tax before the upcoming NMMC election (Navi Mumbai Municipal Corporation). Now it will be mandatory for aspiring candidates to clear all their pending dues with the corporations to be eligible for contest […]
real estate news Archive
April 2, 2015 9:00 am
Now Sahara Group have 90 days time to raise Rs 1,200 crore, says SC
On Monday, the Supreme Court gave a time period of 90 days to Sahara group to finalize the deal of its three hotels which includes abroad and domestic properties to raise the Rs 5,000 crore cash component of the bail condition for release of its owner Subrata Roy and its other two group directors. As […]
April 1, 2015 9:00 am
SBI is ready to buy residential property of Air India in south Mumbai
India’s leading public sector bank, State Bank of India has received all necessary approvals from government opportunities to buy residential properties of cash-starved national carrier, AI (Air India) in south Mumbai for Rs. 90 crore. As per the sources of PTI, “State Bank of India has got all the required approvals as it has conveyed […]
March 28, 2015 9:00 am
Revised plan of BMC: Now you have to pay 12% more residential property tax
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 […]
March 27, 2015 9:00 am
All the properties below 500 sq ft will be excluded from New Tax System
In a positive move to bring relief to around 8 lakh households in the city, BMC has decided to exclude structures below 500 sq ft from the capital value based property tax system once again. They will now continue to pay property tax based on the old system of ready reackoner rates. This fresh proposal […]
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 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 11, 2015 9:00 am
Real estate companies are facing tough competition from online platforms
In the era of internet when things are just click away; there are many traditional businesses which are facing tough competitions from those who have strong presence on internet. In present, real estate websites firms are making a daunting leap into e-commerce business. Snapdeal and Housing.com, both are backed by Japan’s Softbank, and now they […]