Three major redevelopment projects in central Mumbai are set to revitalize real estate in the city: the 97 acre government colony at Bandra, 92 acres of BDD chawls in Worli, Naigaon, Lower Parel and Sewri, and the 520 acre Dharavi. That all these projects are being opened up in a pre-election year is being […]
Redevelopment projects in city centre set to revitalize Mumbai’s real estate hopesmore
What does a home buyer seek when buying a home nowadays? Nothing but the best. This is where a marvelous piece of technology called Virtual Reality (VR) has entered as a saviour for builders. With competition reaching an all time high and a crazy race to please extremely demanding buyers, builders have heaved a sigh […]
Virtual Reality Plus Real Estate Businessmore
RERA’s primary area of focus is under-construction properties. After all, this is the area where buyers had been facing the most challenges on account of project delays, project plan deviations and various other issues.RERA was supposed to save the day for homebuyers, but that doesn’t seem to have happened – at least not yet. In […]
Ready to Move vs under construction – cavet empotermore
Real estate is a capital guzzler, illiquid, immovable and indivisible. Also, it is cumbersome to acquire, maintain, liquidate and bequeath. Capital guzzler: Many times, a single piece of real estate will constitute almost 70-80% of the client’s portfolio. If that is the case then it is a no-brainer that real estate shouldn’t be considered. Illiquid: […]
Obsession with buying a house: Why do Indians prefer real estate?more
NRIs Eyeing Indian Properties Ever since the Indian rupee began nosediving, more and more NRIs (non-resident Indians) have turned their focus to the Indian real estate market. There are good reasons for this. Other than the favourable exchange rate, the new regulatory environment driven by RERA, DeMo and GST have served to clear up a […]
NRIs Buying Indian Property, And Indians Buying Property Abroadmore
Indiabulls has an equal joint venture with global private equity firm Blackstone. The JV has 3.3 million sq ft completed asset with annuity income of Rs 670 crore, while 0.8 million sq ft is under construction with expected rental income of Rs 172 crore. Moreover, the company in July executed definitive transaction documents with the […]
Indiabulls Real Estate to sell 50% stake in two office properties in Gurugrammore
Mumbai The Income Tax Appellate Tribunal (ITAT) has rejected a plea from a taxpayer for rectification of its earlier order, in which it had upheld disallowance of HRA claimed as exempt. The taxpayer had paid rent to her mother and the entire transaction was found to be a sham. By its act of rejecting the […]
ITAT refuses to rectify its earlier order that disallowed HRAmore
Bengaluru,Bengaluru real estate market has outperformed all other cities in terms of shedding unsold housing inventory. In its report released at ACETCH 2018 in Bengaluru recently, Anarock Property Consultants said Bengaluru witnessed a remarkable decline of 25 per cent in total unsold stock across top cities. The report studied Bengaluru’s residential real estate trends since […]
Bengaluru witnesses maximum drop in unsold housing stockmore
India’s banking liquidity crunch is extending to the nation’s developers, threatening to derail a nascent recovery in the property sector. Home builders in India have increasingly been turning to non-bank lenders for funding as traditional financiers struggle under bad loans. But following the government’s seizure of troubled shadow bank Infrastructure Leasing & Financial Services Ltd. […]
How a bank credit shortage has hijacked Indian real estate’s growth storymoreMumbai Twenty-nine years after two joint land owners transferred their four-acre plot in Bandra to a builder for Rs 10 lakh, a local court sentenced them to six months’ rigorous imprisonment for flouting income tax rules. Additional Chief Metropolitan Magistrate M I Lokwani sentenced two members of the Gurav family. The Income Tax (I-T) Department […]
Twenty-nine years after plot sale, two sent to jail in I-T casemore
