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
After two years on the run and changing around a dozen SIM cards, a 51-year-old developer was arrested on Wednesday from Andheri area by the city economic offences wing (EOW) police, where he was staying in a rented flat. The accused, who is embroiled in five cases, had offered flats in the saleable portion of […]
Developer held in cheating nearly 80 flat buyers in Mumbai.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
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
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
On 24 February, the city police registered an FIR against five real estate developers, including a member of the Bharatiya Janata Group MP, following complaints from Gurugram’s District Town and Country Planning (DTCP) Department. These developers couldn’t provide the residents with basic amenities. R.S. Baat, DTCP head, said the FIRs were registered in violation of […]
DTCP registers FIRs against five builders who were unable to provide basic amenities to residents.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
The real estate development arm Larson & Toubro’s (L&T Realty) is in planning to do a partnership with DB Realty for developing a residential project in the Malad area of Mumbai’s Western suburb. The said project is estimated to be over 1.4 million sq ft, said three persons with direct knowledge of the development. The […]
L&T Realty is going to develop a residential project together with DB Realty in Malad, Mumbai.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