MUMBAI: HDFC Capital, the estate private equity arm of HDFC Group, announced the initial close of its third fund’s second scheme on Monday, raising USD 376 million. The latest fundraising effort is the third by HDFC Capital’s reasonably priced real estate fund (H-Care 3), and the primary investor in the H-Care schemes is an Abu […]
HDFC Capital raises $376 million for a fund to support affordable housing.more
NEW DELHI: According to a recent JLL India report, the residential sector experienced a robust demand revival in 2022, with the year having to register a decadal high in-home sales with 215,000 units across the top seven cities of Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. Residential sales increased by 68% year on year […]
Residential sales in top seven cities up 68% year-on-year in 2022: Reportmore
KOLKATA: Faced with a severe revenue shortfall, the Kolkata Municipal Corporation has decided to raise the property tax structure under the unit area assessment (UAA) system throughout the city, affecting nearly 9 lakh property owners. According to a KMC revenue department proposal approved at the mayor-in-council meeting on Wednesday, the base unit of area value, […]
Kolkata’s municipal government raises property taxes due to a lack of funds.more
NEW DELHI: With air pollution in Delhi-NCR improving, the Centre’s air quality panel directed authorities on Wednesday to lift curbs imposed under stage III of the Graded Response Action Plan, along with a ban on non-essential demolition and construction work. The 24-hour average air quality index (AQI) in Delhi was 343 at 4 p.m., down […]
The ban on non-essential construction work in Delhi-NCR has been lifted.more
Vijayawada: The AP high court expressed its displeasure with the state government on Tuesday for failing to release funds to beneficiaries of the YSR Rural Housing Programme, formerly known as the NTR Housing Programme. The high court stated that altering the name of the scheme will not benefit the people unless payments are made on […]
The HC wants a report on the rural housing scheme.more
NEW DELHI: The CBIC has stated that from January 1, no GST will be payable on housing units rented to the owner of a proprietary concern for residential use only. The Central Board of Indirect Taxes and Customs (CBIC) also notified changes to GST rates for certain goods and services, effective January 1, 2023, based […]
CBIC: GST is not payable on a house rented to a proprietor for residential purposes.more CHANDIGARH: The Municipal Corporation (MC), which has been focusing on defaulters who owe a large amount of property tax, has written a DO (demi-official) letter to top officials of Chandigarh Railway Station, going to ask them to deposit tax of around Rs 2.30 crore. The sum also includes arrears owed to the authority by the […]
The Chandigarh civic body has requested that the railways, the UT, Punjab, and Haryana governments pay property tax.more
BENGALURU: The National Consumer Disputes Redressal Commission (NCDRC) has ordered city-based ND Developers to refund home buyers’ money plus 9% interest for failing to deliver the flats on time. On March 31, 2011, more than 50 homebuyers decided to book flats at ND Laurel, a housing project at Gunjur, near Varthur in Bengaluru East, according […]
NCDRC orders ND Developers to refund homebuyers for delivery delays.more
NEW DELHI: Godrej Properties (GPL) announced an outright purchase of approximately 9 acres of land in Gurugram, Haryana, in a BSE filing. This project will include approximately 1.6 million square feet of luxury residential development. The project’s revenue potential is estimated to be around Rs 2,500 crore. In Kurukshetra, the company recently purchased approximately 62 […]
Gurugram-based Godrej Properties has purchased nine acres of land.more CHENNAI: The increased property tax regime in Chennai and Coimbatore corporations is unavoidable. The Madras high court upheld the legal implications of a government order rising it in the two cities on Tuesday. Despite dismissing a slew of petitions challenging the councils’ resolutions and the subsequent GO raising the property tax, Justice Anita Sumanth reserved […]
The Madras High Court has upheld a property tax increase in Chennai and Coimbatore.more