Stamp duty on new apartments or flats with costs below Rs 20 lakh would be lowered to 2% from 5%, as of April 1, to encourage affordable housing, as announced by the state Chief Minister B.S. Yediyurappa on March 5. “I propose that the stamp duty on the first time registration of new flats or […]
Karnataka state minister announces a reduction on stamp duty by 3%.more
In a desperate bid to recover Rs 9.42 crore, owed by alleged economic offender Nirav Modi as property tax, the BMC has written to the Enforcement Directorate seeking to be paid as soon as the agency auctions the three commercial properties of the elusive diamantaire. A senior civic official said BMC has the first claim […]
BMC intends to retrieve Rs 10 crore tax from Nirav Modi’s properties.more
MHADA has made investments in redevelopment buildings in South Mumbai less costly for developers. It directly translates into affordable housing for the common man at the heart of Mumbai. Are you living in a compact house in South Mumbai? Or perhaps, you’ll find yourself in an old building and have no other choice but to […]
South Mumbai: MHADA aims to decrease the premium from 50% to 35% on redevelopment projects.more
Yerappanahalli is located in the north-eastern outskirts of Bengaluru. The airport and Manyata Tech Park are near to it. Sources report that approximately 86% of the available properties are residential plots and 14% are residential houses. The Yerappanahalli locality rating by the consumers is 4 out of 5 on livability. The ideal type of property […]
Yerappanahalli, an emerging residential locality in Bengaluru.more
Morgan Stanley has purchased an equity stake in Ummeed Housing Finance in the funding round of the company’s Rs 164-crore series-D. Ummeed Housing is operated by Swiss investor LGT, which has purchased the Soros Economic Development Fund’s India-focused fund Aspada. A fund operated by global investor Morgan Stanley Private Equity Asia, which owns a minority […]
Morgan Stanley acquires Ummeed Housing Finance equity stake for Rs 164 crore.more
The State housing department would shortly be enabling the Slum Rehabilitation Authority (SRA) project beneficiaries to sell their homes in five years instead of ten years. Housing Minister Jitendra Awhad made the announcement at the assembly on 25 February to reduce the lock-in period. The decision was taken on the basis of a recommendation provided […]
Maharashtra state will enable selling of SRA flats in just 5 years lock-in period.more
On 27 February, Satinder Singh Bhasin, a Noida-based businessman who was arrested on charges of cheating and fraudulently selling the property to several people, was allowed by the Supreme Court to travel abroad for 10 days under certain terms. A Division Bench of Justices AM Khanwilkar and Dinesh Maheshwari allowed the petitioner to pertain for […]
Builder accused in property scam gets approval to travel abroad by the Supreme Court.more
Google leases about 1.2 million sqft of office space in Bengaluru from commercial developer Bagmane Group, people familiar with the matter said. The deal will be one of the biggest in the country’s largest office sector this year. The lease will add to the tech giant’s portfolio of real estate in Bengaluru, where it has […]
Search Engine giant Google is going to lease 1.2 million sqft office space in Bengaluru.more
Home Minister Anil Deshmukh said on Wednesday to the Legislative Council, that the installation of CCTV cameras would become mandatory in new buildings in Maharashtra. He also said that the CCTV cameras would be connected to the state Home department’s Crime and Criminal Tracking Network and Systems (CCTNS). This announcement was made while the opposition […]
Housing Minister will mandate CCTV cameras in all new buildings.more
Since the total number of students from abroad enrolled in India increased by 36% as of 2012-2013 due to a variety of government measures taken place, demand for student housing has never been higher. In order to stimulate the “Study in India” initiative, in the previous budget, the government declared an “Ind-SAT” program to be […]
Report: Hosing demand for cities like Pune, Bengaluru and NCR is anticipated to rise.more