Category: Expert Views

PMRDA is analyzing almost 16 self-proposed town planning schemes for approval.

February 25, 2020

The Pune Metropolitan Region Development Authority is scrutinizing around 16 self-proposed town planning schemes. Before the proposals were approved, the officials of the Pune Metropolitan Development Authority (PMRDA) would review the proposals. At least 100 acres of land would be covered by each scheme. A PMRDA source said residents of Wagholi, Chakan, Pirangut and Hinjewadi […]

PMRDA is analyzing almost 16 self-proposed town planning schemes for approval.more

SBI to carry out the largest e-auction on 26 February: more than 1,000 properties will be listed.

February 24, 2020

India’s largest public sector bank, State Bank of India (SBI) on Saturday has declared that it is going to conduct mega e-auction that will consists more than 1,000 commercials, residential and industrial properties across the country. “We at SBI are very clear when putting immovable properties, mortgaged with the Bank/attached by court order to auction, […]

SBI to carry out the largest e-auction on 26 February: more than 1,000 properties will be listed.more

NBFCs and HFCs are presumed to get additional one-year loan restructuring extension.

The next possible extension of the Date of Commencement of Commercial Operations (DCCO) of commercial real estate project loans by one year without downgrading asset classification may be allowed in a financially sound Non-Banking Finance Companies NBFCs and Housing Finance Companies (HFCs). Official sources stated that, following the recently concluded meeting of the Monetary Policy […]

NBFCs and HFCs are presumed to get additional one-year loan restructuring extension.more

Maharashtra government to spend Rs 119 crore for constructing 18 floor complex for ministers.

February 22, 2020

The state government would spend Rs 119 crore transforming a popular British-era bungalow in Walkeshwar into an 18-floor apartment complex for ministers, with each apartment providing an open view of the sea. Ajoy Mehta, the Chief Minister of State, cleared the building on 20 February. at a meeting. The Puratan 25,000 sqft government bungalow on […]

Maharashtra government to spend Rs 119 crore for constructing 18 floor complex for ministers.more

Maharashtra Govt asks private developers to collaborate with MHADA for the development of Affordable Housing.

February 21, 2020

Maharashtra’s government is encouraging private real estate developers to collaborate with its housing authority Maharashtra Housing & Area Development (MHADA) in constructing affordable residential projects across the state, said Jitendra Awhad, state housing minister. The State governments of Uttar Pradesh, Haryana, and West Bengal have already explored this pattern. “We (MHADA) will be delighted to […]

Maharashtra Govt asks private developers to collaborate with MHADA for the development of Affordable Housing.more

Bengaluru Municipal Corporation elects to fine illegal constructions.

The government is set to enforce a law to regulate unauthorized building construction in Bruhat Bengaluru Mahanagara Palike (BBMP) limits by penalizing those who breach the construction norms with a fine. On February 18, the Government tabled in the assembly the Karnataka Municipal Corporations (Amendment) Bill 2020. The bill aims to penalize those who create […]

Bengaluru Municipal Corporation elects to fine illegal constructions.more

South-Chennai to become an ideal investment zone.

February 20, 2020

Places like Tambaram and Chromepet could see a surge in demand because of the proposed metro service from the Chennai Airport to Kilambakkam. After the much anticipated and needed announcement of Chennai Metro Rail, which would connect Chennai Airport to Kilabakkam, southern suburbs like Tambaram and Chromepet expect an increase in property prices. According to […]

South-Chennai to become an ideal investment zone.more

Singapore’s GIC is going to purchase Tech Park in Bengaluru for Rs. 2,500 crore.

February 19, 2020

Singapore’s GIC sovereign wealth fund is the front runner in acquiring Mapletree Investment’s Global Tech Park in Bengaluru for nearly Rs 2,500 crore, in the commercial real estate area of India, with the largest output of private equity (PE). “GIC is now shortlisted and the documentation is in the process while it has not yet […]

Singapore’s GIC is going to purchase Tech Park in Bengaluru for Rs. 2,500 crore.more

Residential sales of 9 leading real estate companies increased by 2% at almost Rs 5,800 crore.

According to property consultant Anarock, housing sales bookings of the top nine listed developers increased by 2% to nearly Rs 5,800 crore during the third quarter of this fiscal year. DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Godrej Properties, Mahindra Lifespace Developers, Oberoi Realty and Kolte Patil have been included in this sales bookings list. “In […]

Residential sales of 9 leading real estate companies increased by 2% at almost Rs 5,800 crore.more

NMC introduces 5% tax rebate on prompt tax payments.

February 18, 2020

The Nashik Municipal Corporation (NMC) chose to introduce an incentive of up to 5% on the prompt payment of property tax bills for the first quarter of the financial year 2020-21 to collect a maximum property tax. When you pay online, you can get another 1% tax rebate. Those who pay their annual tax in […]

NMC introduces 5% tax rebate on prompt tax payments.more

Category: Expert Views

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