Category: Mumbai

Real Estate firm Avighna group is looking to partner with HBS realtors for Worli Project.

January 20, 2020

Avighna Group, a real estate developer, is in advanced discussions with HBS Realtors to conclude a joint agreement on the development of a residential project of Rs 1,800 crore projects in Worli, Mumbai. The project is estimated at a total development capacity of 0.72 million square feet and will spread across 3.4 acres of land […]

Real Estate firm Avighna group is looking to partner with HBS realtors for Worli Project.more

Nomination Open – 3rd Real Estate and Construction Industry Leadership Awards

Realty Quarter celebrating its 3rd edition of the “Real Estate and Construction Industry Leadership Awards” and highest achievements done by the companies & individuals serving the real estate sector & construction industry. The awards recognize and salute to the excellence and commitment practising in the industry. The objective of this awards is to promote the […]

Nomination Open – 3rd Real Estate and Construction Industry Leadership Awardsmore

Joint property owners can file income tax return using this forms.

January 13, 2020

The income tax department permits joint owners of single house property to file the income tax return by simply using Form-1 (Sahaj) or Form-4 (Sugam). On 3 January, the taxpayers who had owned a house in joint ownership were debarred, and those who had paid Rs 1 lakh of electricity billed in a year or […]

Joint property owners can file income tax return using this forms.more

State Bank of India initiates Home Buyer Finance Guarantee Scheme.

January 11, 2020

To provide a booster to the property market, on January 8, India’s leading lender, State Bank of India, has unveiled a guarantee scheme for home buyer funding whereby, if the developer fails to deliver the house within a predetermined time, the lender will reimburse the entire amount of the principal. Until the occupation certificate is […]

State Bank of India initiates Home Buyer Finance Guarantee Scheme.more

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.

Nanma Properties, part of the Eastern Group has established preparations for entrance into the affordable housing market. The decision of the Group reflects the declaration by the Central Government of the subsidies for the affordable housing sector. Navas Meeran, Chairman of the Eastern Group, said Nanma Properties Ltd will invest Rs 2,500 crore in an […]

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.more

Mumbai developers approached MMRC to get direct access to Metro stations through their projects.

January 9, 2020

As the real estate market is still in a major slump, some of the biggest developers have found a new way of drawing customers to their high-end projects. They also addressed Mumbai Metro Rail Corporation (MMRC) to provide them with direct access to the underground stations of the 33.5 km Colaba-Bandra-Seepz Metro-3 from their current […]

Mumbai developers approached MMRC to get direct access to Metro stations through their projects.more

Authority demands reduction of interest rate on home loans.

The real estate industry has urged the government to lower the interest rate on home loans to 7% and to raise the deduction of income tax on interest paid on housing loans to Rs 5 lakh to help revive demand after home sales rose by just 1% in 2019. The industry body National Real Estate […]

Authority demands reduction of interest rate on home loans.more

Real Estate bodies seek to develop more properties under the affordable housing scheme.

January 7, 2020

With finance minister Nirmala Sitharaman on February presenting the Union Budget 2020-21, real estate chambers pursued to dilute the definition of affordable housing in order to enable more properties to fall within its scope and take advantage of the opportunities. The concept of affordable housing currently means a house or flat in non-metropolitan cities and […]

Real Estate bodies seek to develop more properties under the affordable housing scheme.more

Eknath Shinde spoke about the fast-moving metro extension in Maharashtra.

January 6, 2020

On Sunday, Eknath Shinde, newly appointed Minister of Urban Development, said that the government is expected to intensify its work to extend the Pune’s metro network. Shinde, who flagged off the second tunnel-boring machine (TBM) on Sunday for the city’s underground Metro stretch, also said Metro rail projects will be launched after Pune and Nagpur […]

Eknath Shinde spoke about the fast-moving metro extension in Maharashtra.more

Real Estate Sector Forecast: Residential and Non-Residential construction is likely to grow in India.

January 3, 2020

On December 30th, Fitch Solutions said it expects the residential and non-residential building sector of the country to grow by 6.6% in 2020, led by fiscal support and increased focus on providing affordable housing in urban areas. “A mix of tax support and government policies supporting the housings market, and enhanced activity within the logistics, […]

Real Estate Sector Forecast: Residential and Non-Residential construction is likely to grow in India.more