As a punishment for not complying with the legal provisions after handing over the residential flats to the buyers, a builder been penalised to pay Rs.12.36 lakh to a cooperative society in Borivali. He has been charged for not registering the society and failing to get an occupancy certificate as per his statutory obligations. The […]
real estate sector Archive
September 9, 2014 1:19 am
Borivali builder penalized for failure to register society and issue Occupancy certificate
September 3, 2014 3:51 am
Payment of stamp duty is no guarantee your property is legal
There is a great misconception among the home buyers that once a certain percentage of the cost of the apartment as stamp duty is paid and the flat got registered with the revenue department of the state government, they believe that their property has got all legal/requisite approvals. But this is plain nonsense. Take for […]
September 1, 2014 4:25 am
Residential flats becoming affordable due to reduction is size
Do you live in a small apartment? Many of us whether by choice or necessity live in smaller apartments. But do you know that you are not alone. Many people are going for smaller apartments as residential flats in Mumbai, Thane and Navi Mumbai have become more affordable due to the reduction in their dimension, […]
August 30, 2014 2:33 am
Investment prospects in the real estate market of Navi Mumbai: the city of 21st Century
Navi Mumbai is trying to solve the problems of overpopulation in Mumbai. However, the township have a good chance to become one of the largest planned cities in the world and boasting the excellent socio-infrastructure including rail and road connectivity with Mumbai and supply of power and water. In the period of 2009 to 2014, […]
August 29, 2014 1:15 am
Trump Tower: Start of the New Era of foreign Investment in India
Now that we have a new government, their initiatives to make India one of the top investing countries seem to be getting paid rather quickly. As per the latest that we have heard the American real Estate tycoon Mr. Donald Trump is eyeing and planning for investment in Indian hotel and real estate sector. What’s […]
August 27, 2014 6:00 am
REITs come to rescue the investors
If you say that one would be able to buy a property with mere 2 Lakhs a couple of years back or say even months back, no one would be able to believe. This money is enough for a stock broker to submerge a person in tips of investment or a bank to probably lay […]
August 26, 2014 1:39 am
Metro a boon for real estate market
With the growing demand of real estate, there are many areas around Mumbai which have been coming into the limelight. According to the data and surveys conducted by one of the leading real estate portal, capital and rental values in Ghatkopar West have increased nearly 50% in the past 2 to 3 years. And seems […]
August 25, 2014 3:50 am
Housing Paradox in Mumbai
Real estate market of Mumbai is reeling under a peculiar situation, where supply is more and demand is less i.e. oversupply in housing segments. In Mumbai, there is overflow of premium residential and commercial projects and buyer is confused in making a selection. Affordable housing is in demand, but it’s facing the shortage in market. […]
August 21, 2014 4:08 am
1 percent LBT on property abolished
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 20, 2014 12:13 am
RBI decision to keep interest rates unchanged disappoints the real estate fraternity
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, […]