Tag: #Real Estate News

NCDRC upholds police for failure to issue warrants to the partners of KDS Infra Buildcons.

January 22, 2020

In view of the inability of the police to provide non-bailable warrants to the three partners of Kondhwa-based real estate company (Pune) KDS Infra Buildcons for non-compliance of its order, the National Consumer Disputes Redressal Commission (NCDRC) took a strong note of it. In the four years, total, 132 home buyers — mainly retired Ammunition […]

NCDRC upholds police for failure to issue warrants to the partners of KDS Infra Buildcons.more

Home buyers finally got the status of Primary secured creditors

Bengaluru-based Embassy group is going to invest Rs 2,000 crore into co-living space.

On 21st January, the Bengaluru-based Embassy Group has entered into co-living space and plans to build six such buildings in Bengaluru and Chennai. They are planning to widen there co-living brand Oliven to Hyderabad, Mumbai, Pune and Delhi-NCR. Initially, 20,000 beds space is being launched, starting from Bengaluru (15,000), Chennai (2,500) and Pune (2,500) and […]

Bengaluru-based Embassy group is going to invest Rs 2,000 crore into co-living space.more

Developers to get relaxation on penalty due against delayed projects.

January 21, 2020

The GNIDA has modified how it measures money owed by developers, requiring them to later pay penalties for delayed development. Cash-strapped builders can now seek funds from financial institutions or find bailout packages with this. “We will give developers permission to obtain a mortgage from financial institutions as soon as they settle our core dues. […]

Developers to get relaxation on penalty due against delayed projects.more

Developers are avoiding redevelopment projects – proposals down by 50% in the past year.

January 20, 2020

Redevelopment of housing societies, once a capital spin-off for most of the builders in Mumbai, has almost ended. In addition to a sluggish real estate market, developers say projects such as these, which earlier gained huge revenues, are no longer profitable because of the BMC’s high premiums and construction expenses. Throughout the city, developers have […]

Developers are avoiding redevelopment projects – proposals down by 50% in the past year.more

Real Estate firm Avighna group is looking to partner with HBS realtors for Worli Project.

Avighna Group, a real estate developer, is in advanced discussions with HBS Realtors to conclude a joint agreement on the development of a residential project of Rs 1,800 crore projects in Worli, Mumbai. The project is estimated at a total development capacity of 0.72 million square feet and will spread across 3.4 acres of land […]

Real Estate firm Avighna group is looking to partner with HBS realtors for Worli Project.more

Joint property owners can file income tax return using this forms.

January 13, 2020

The income tax department permits joint owners of single house property to file the income tax return by simply using Form-1 (Sahaj) or Form-4 (Sugam). On 3 January, the taxpayers who had owned a house in joint ownership were debarred, and those who had paid Rs 1 lakh of electricity billed in a year or […]

Joint property owners can file income tax return using this forms.more

State Bank of India initiates Home Buyer Finance Guarantee Scheme.

January 11, 2020

To provide a booster to the property market, on January 8, India’s leading lender, State Bank of India, has unveiled a guarantee scheme for home buyer funding whereby, if the developer fails to deliver the house within a predetermined time, the lender will reimburse the entire amount of the principal. Until the occupation certificate is […]

State Bank of India initiates Home Buyer Finance Guarantee Scheme.more

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.

Nanma Properties, part of the Eastern Group has established preparations for entrance into the affordable housing market. The decision of the Group reflects the declaration by the Central Government of the subsidies for the affordable housing sector. Navas Meeran, Chairman of the Eastern Group, said Nanma Properties Ltd will invest Rs 2,500 crore in an […]

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.more

Mumbai developers approached MMRC to get direct access to Metro stations through their projects.

January 9, 2020

As the real estate market is still in a major slump, some of the biggest developers have found a new way of drawing customers to their high-end projects. They also addressed Mumbai Metro Rail Corporation (MMRC) to provide them with direct access to the underground stations of the 33.5 km Colaba-Bandra-Seepz Metro-3 from their current […]

Mumbai developers approached MMRC to get direct access to Metro stations through their projects.more

Authority demands reduction of interest rate on home loans.

The real estate industry has urged the government to lower the interest rate on home loans to 7% and to raise the deduction of income tax on interest paid on housing loans to Rs 5 lakh to help revive demand after home sales rose by just 1% in 2019. The industry body National Real Estate […]

Authority demands reduction of interest rate on home loans.more

Tag: #Real Estate News

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