Multiplexes and cinema halls have scarcely been open since the outbreak began and have been forced to close because of limitations set to control the spread of Covid-19. The state administration announced on Tuesday a total exemption from property tax for owners of multiplexes, movie halls, and gyms for the fiscal year 2021-22. The state […]
Gujarat Government provides property tax relief to multiplexes, gym owners.more
Investments in land and buildings necessary for a project will not be included under the production linked incentive (PLI) scheme for ACs and LED lights, and will not be included when establishing a company’s eligibility to benefit from the program. This is part of the rules provided on Friday by the Department for Promotion of […]
Land and building investments are not covered under the PLI scheme.more
PNB Housing Finance’s board of directors has approved an Rs 4,000 crore capital raise plan by the preferential issue of equity shares and warrants, according to a press statement. Pluto Investments, a Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P. affiliate, has decided to invest up to Rs 3,185 crore at preferential […]
PNB Housing is going to raise Rs 4,000 crore from Carlyle Group, others.more
On May 31, 2021, online real estate portal Housing.com and the global business school Indian School of Business (ISB) announced the launch of their Housing Pricing Index (HPI), which will assist potential homebuyers in determining the best time to buy a property and sellers in determining the best time to sell their assets. Homebuyers, investors, […]
Pricing index for housing launched to help homebuyers make informed purchase decisions.more
Palghar, about 115 kilometers from Mumbai, will be the site of a new proposed satellite township. This will be the second such township, following Navi Mumbai, whose growth began in the 1970s. The township will be built on 337 hectares of land provided to the City and Industrial Development Corporation (Cidco) in lieu of building […]
Cidco plans to construct a township on 337 hectares of land in Palghar.more
On Saturday, CM Nitish Kumar asked the energy department to expedite the installation of prepaid smart meters in each Bihar household, reiterating his demand for the country to have ‘one nation, one electricity rate.’ The CM assured officials that there would be no shortage of funds for the ongoing work of installing prepaid smart meters […]
Bihar chief minister has directed officials to expedite the installation of smart meters in every home.more
People would be required to provide proof of parking space before purchasing vehicles under a historic new parking policy finalized by the Ahmedabad Municipal Corporation. The step is an attempt to stop people from purchasing several cars. According to the Times of India, the civic body also agreed not to allow cars to get parked […]
People in Ahmedabad will be required to display proof of parking space in order to purchase a car.more
According to Morgan Stanley, Property prices in Dubai are increasing for the first time in six years, owing to increased demand and a decline in project launches since 2017. According to ValuStrat consulting firm research, residential values increased by 1.2% month on month in April, and the index’s fastest monthly growth rate in seven years. “Residential property […]
Morgan Stanley predicts that the Dubai property market will improve due to higher-than-expected demand.more
The registration of property has stopped across Karnataka because after declaring a two-week lockdown, the government shut its 243 offices of the sub-registrar for the time being. “To ensure the safety of our staff and the public our offices have been closed down. Online registration is not even allowed,” KP Mohanraj, inspector general of registration and […]
Registration of property stops in Karnataka; builders fear a disruption of cash flow.more
According to a Knight Frank report, prime office rentals in Bengaluru and Mumbai dropped 8% and 6.2%, respectively, from January to March 2021 versus the preceding year. According to the consultant’s Asia-Pacific Prime Office Rental Index Q1, 2021 survey, prime office rents in the national capital region (Delhi-NCR) fell by just 1% from January to March […]
Bengaluru’s prime office rental falls by 8%, while Mumbai falls by 6.2% in the first quarter of 2021.more
