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Kolkata to function as district from September
Kolkata Come September, the city will have a new guardian — a district magistrate. Keen to improve citizen centric services, the government has decided to give the city an administrative makeover that will see Kolkata, with 141 wards and 67 police stations,...
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Realty prices in Noida may rise by 15%
The land row in Noida may have been settled, but property prices are now expected to go up by 15-25% in a month. The Noida Authority has to give 5% developed land to farmers - which will deplete all its land resources. "We will exhaust all our land after...
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Mumbai : No advantage for flat buyers
NEW BUILDING PLAN Civic body will earn in crores with revised FSI rules; builders object to plan The new building approval rules that the civic body unveiled recently will not give Mumbaiites looking to buy new property any advantage when it comes to...
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CHENNAI :STAMP DUTY AND PROPERTRY REGISTRATION CHARGES RISE BY DECEMBER
PAY MORE FOR STAMP DUTY AND REGISTRATION CHARGES AS GUIDELINE VALUE FOR PROPERTIES WILL RISE BY DECEMBER If you are planning to buy a plot of land or a flat, get ready to pay more stamp duty and registration charges. The state government is all set to...
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Noida Authority accused of focusing on realty
The Noida authority’s plan to save real estate projects by promising developed land plots to farmers in construction-rich areas has angered the “less-threatening” protestors. Noida chairman Balvinder Kumar had promised rehabilitation benefits to farmers...
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GHMC yet to clear 27000 BPS and LRS applications
Hyderabad Even after several deadlines set by the state government for clearing Building Penalisation Scheme (BPS) and Layout Regularisation Scheme (LRS) files, over 27,000 applications are yet to be cleared by the Greater Hyderabad Municipal Corporation...
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IREO Launches Integrated Township Project “IREO – Fiveriver” in Panchkula
Ireo, the private equity fund dedicated to the Indian real estate sector, has announced the launch of its new integrated township project “IREO – Fiveriver”. Spread over a sprawling 200 acres, the project is located in Panchkula, on the outskirts of Chandigarh....
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Parsvanth Gets Govt Nod to Pull Out of Six SEZ Projects
The government on Friday allowed realty major Parsvnath group to withdraw its six special economic zone (SEZ) projects in different states, as a fall out of imposition of Minimum Alternate Tax and uncertainty over continuation of tax sops to SEZ. The...
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Godrej Properties Ties up with SBI to Make Projects and services Available to Customers across India
Godrej Properties, the real estate arm of Godrej Group, has entered into a memorandum of understanding (MoU) with State Bank of India (SBI) to create multiple platforms to make their projects and services available to customers across India and abroad....
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Chandigarh: Registration of land to cost more
New collector rates from Aug; 25% hike in urban areas, 15% in rural ones `RATIONALISING STAMP DUTY NEED OF HOUR’ Getting a property registered in the city will soon become expensive as Chandigarh administration has decided to increase the collector rates...
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Noida Extension projects may be shifted
With court verdicts not going in favour of the Greater Noida Industrial Development Authority (GNIDA) and farmers reclaiming their land, officials have plans to shift builders’ projects from Noida Extension to an area in Greater Noida Phase 2. “In phase...
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Property Prices to Increase Sharply in Greater Noida: GNIDA
Greater Noida Industrial Development Authority (GNIDA) on Friday said consumers will have to pay much more for properties in the region in future after the Supreme Court disallowed acquisition of 176 hectares of land from farmers. The authority also said...
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Title insurance will make property transactions more transparent
Any residential property, even with all legal safeguards apparently in place, is ultimately built on land. One cannot automatically assume that this land did not have previous owners. While title insurance does not correct any title faults and past claims,...
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Coop society chief term can be extended in Mumbai: HC
Mumbai The Bombay high court has allowed a cooperative society to amend its bylaws to extend the term of its chairperson. The HC held on Wednesday that “such an amendment cannot be said to be contrary to the provisions of the Maharashtra Cooperative Societies...
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Service tax on property renting upheld by court in Mumbai
Mumbai In a judgment that has enriched the central government coffers by an estimated Rs 10,000 crore in the last three years, the Bombay high court on Thursday upheld the constitutional validity of service tax on commercial real estate transactions involving...
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State clears Worli Sea Link Versova extension Mumbai
Mumbai The Maharashtra cabinet wants the city’s iconic Bandra-Worli sea link extended all the way up to Versova in the north. But the big question on everybody’s mind is this: Who is going to implement it? A bitter dispute over funding between the state...
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Noida farmers spurn rehab offer
The farmers in Noida, whose land was acquired between 1976 and 1997, are refusing to relent. Despite agreeing to a settlement with the Noida Authority on July 30 — whereby all farmers’ agitations were to be put on hold for three months in return for several...
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New malls getting ready for possession
The Indian retail sector is seeing a lot of action as new malls across the country become ready for possession, even as the first-generation malls get ready with their report cards. With big brands in apparel, multiplex movie theatres, hypermarket and...
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Residential segment spurs realty sector
The residential sector, which accounts for 75-80% of the turnover of the entire real estate sector, has been on a high growth path. In the last decade, the entire country witnessed a tremendous growth in residential real estate sector. And the growth...
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Noida housing has something for everyone
Noida-Greater Noida offers a lot of housing options in different sectors and as demand for housing rises, developers and builders, too, are up to the task and are coming up with mega housing projects. Noida’s sectors like 77, 76 and 78, all near Noida...
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Ghaziabad - a preferred realty destination
Ghaziabad, an industrial city in close proximity to East Delhi, is emerging as one of the most preferred realty destinations around Delhi. It is the highest revenue generating city in Uttar Pradesh that houses all kinds of industries - small, medium and...
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Luxury homes in Noida
Luxury is a subjective word. Each person according to his or her own social status and lifestyle can define ‘luxury’ in a different way. Thus, developers cater to a wide variety of demands even in the category of ‘luxury homes’. Noida-Greater Noida and...
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BMC orders demolition of portions of Juhu tower
A year after a prominent newspaper reported about a 11-storey Juhu building with large car decks on each floor, the BMC has now ordered the demolition of certain portions of the high-end tower. A report prepared by civic chief Subodh Kumar also directed...
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Navi Mumbai builders & residents await FSI probe results
Mumbai Builders and residents of the satellite city Navi Mumbai are anxiously awaiting the outcome of the high-level probe into the FSI irregularities found in 21 towers along the Palm Beach Road, albeit for different reasons. There seems to be some confusion...
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SC quashes Maya''s land acquisition for jail
New Delhi, Aug 3(PTI) In a fresh jolt to Mayawati government in Uttar Pradesh, the Supreme Court today quashed the state's move to acquire private land by invoking the "emergency clause" in Jyotibha Phule Nagar for construction of the district jail. A...