Category: Housing Socieites

Revenue reforms will simplify the process of property tax assessment.

September 11, 2020

Hyderabad- Revenue reforms will not only benefit property owners that run around for mutation (transfer of ownership) but will also simplify the process of property tax assessment for those residing within the GHMC limits. Earlier, the buyer had to go to the GHMC’s citizen service centre, along with a demand draft, latest encumbrance certificate, affidavit, […]

Revenue reforms will simplify the process of property tax assessment.more

The new real estate hotspot, Hyderabad Pharma City (HPC).

September 8, 2020

The new real estate hotspot of the city is a 30-km stretch along the Srisailam Highway— 45 minutes from Gachibowli. Reason: the Hyderabad Pharma City (HPC). Although this large ticket business has been underway in Dasara for sometimes, government officials have confirmed it is finally being routed. This led to major activities along the highway, […]

The new real estate hotspot, Hyderabad Pharma City (HPC).more

ICRA predicts overall real estate inventory to decrease by 40-60%.

August 29, 2020

ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]

ICRA predicts overall real estate inventory to decrease by 40-60%.more

Design Thinking: A Step Up For Entrepreneurs

A journey from an Entrepreneur to an Artrepreneur !! Entrepreneurship is a marathon and when one starts thinking entrepreneurial, the marathon gets even better. From professionals to Entrepreneurs and now Artpreneurs, here is an inspiring story of a few young minds from Mumbai, India. Background ‘ASA’ is an established Architecture and Interior Design Studio formed […]

Design Thinking: A Step Up For Entrepreneursmore

Government reduces stamp duty charges from 5% to 2% in Maharashtra.

August 26, 2020

The Maharashtra government agreed to temporarily cut the stamp duties on houses from 5% to 2% until December 31 in an effort to improve the declining real estate sector due to the coronavirus outbreak. The government said in a statement that the stamp duty on homes would be 3% from 1 January until 31 March. […]

Government reduces stamp duty charges from 5% to 2% in Maharashtra.more

CCI Projects Ltd will have to pay interest on late possession says MahaRERA.

August 24, 2020

Maharashtra Real Estate Regulatory Authority (MahaRERA) dismissed the developer’s argument that, since home buyers continued to pay even after the promised date of occupancy had passed, they had “acquiesced” and agreed to the delay in possession. In three separate orders, MahaRERA’s Bhalchandra Kapadnis has advised developer CCI Projects Ltd, to pay interest on deferred possession […]

CCI Projects Ltd will have to pay interest on late possession says MahaRERA.more

Gujarat recent law allows the construction of skyscraper buildings in top 5 cities.

August 19, 2020

The government stated on 18 August, that Gujarat Chief Minister Vijay Rupani authorised the development of 70 floors or higher buildings for five key cities. In compliance with the new law, for tall structures in the state, the highest legal cap was 23 floors. The state government now proposed to amend the General GDCR (General […]

Gujarat recent law allows the construction of skyscraper buildings in top 5 cities.more

Housing Minister notifies about 3.65 crore jobs creation through the PMAY-Urban.

August 18, 2020

Union Minister Hardeep Singh Puri said on Tuesday that approximately 3.65 crore jobs would be created in the development of apartments and houses approved by the country’s Pradhan Mantri Awas Yojana (Urban). Puri further said 1.65 crore jobs have already been generated under the PMAY (U), during a webinar, arranged by the Confederation of Indian […]

Housing Minister notifies about 3.65 crore jobs creation through the PMAY-Urban.more

Housing minister says government will soon issue a special advisory to save homebuyers interest.

April 30, 2020

Housing and Urban Affairs Minister Hardeep Singh Puri said the government will soon issue an advisory to all real estate regulatory bodies and state about the special measures that must be taken to protect the interests of homebuyers and all other stakeholders in the real estate industry. In an urgent meeting of the Central Advisory […]

Housing minister says government will soon issue a special advisory to save homebuyers interest.more

Homebuyers demand an additional discount along with ease payment schedules.

April 28, 2020

Though the lockdown hasn’t prevented queries regarding new houses, developers at Hyderabad say most prospective customers are now calling with additional requests — from a higher discount rate of somewhere between 15% and 20% to compensation schemes, if they want to withdraw the deal later on. Another common request: relaxation in payment schedules. “We get […]

Homebuyers demand an additional discount along with ease payment schedules.more

Category: Housing Socieites

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