The Indian Railways plan to monetize land plots in smaller cities by leasing them for warehouse setup to e-commerce companies. The Rail Land Development Authority, the statutory authority under the Ministry of Railways, said it was in talks with the largest online store in the country, the Flipkart, and that the interest will soon be […]
Indian Railways to monetize land parcels by leasing it to e-commerce firms.more
Looking for a house, whether to rent or buy a house, is now a day a very tough task, particularly in metropolitan cities. It’s just a time-taking job to go out to search for one. But such tasks can be accomplished easily with the aid of websites or apps that enable people to look for […]
Top 5 property apps to consider while hunting a house.more
On Wednesday, the nation’s largest lender State Bank of India (SBI), said that its marginal cost of fund-based lending rate (MCLR) has been reduced by up to 15 basis points across different tenors, effective March 10. The Bank’s one-year MCLR decreased from 7.85 per cent earlier by 10 basis points to 7.75%, said the SBI. […]
SBI announces MCLR deduction by 15 bps across various tenors.more
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
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
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
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
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
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
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
