Property buyers remain reluctant to buy any property as the property prices have reached the sky. Due to this, the property sales have fallen, affecting the developers severely. Read More
Once the news came out about the plan of Mukesh Ambani to build a home worth a billion dollars, many people started thinking of this awesome home of Mukesh Ambani. Many rumors spread about Antilla. Read More
After hearing the contempt petition submitted by SEBI, Supreme Court has ordered two Sahara firms and the chairperson and managing worker of Sahara Group Subrata Roy to reply the petition of SEBI within a week. Read More
The sale of housing units in Vasundhara Enclave Delhi is lower compared to the previous months. While the experts say that this is due to the sluggish momentum existing in the market, others say that this is visible mainly in this locality. Read More
Steelcase has leased 50,000 sq. ft. of office space in IndoSpace Industrial and Logistics Park. The group plans to set up their first production unit in India here. Steelcase is a US based furniture major. Read More
E-Payment of Property Tax was expected to reduce the overburden of the property owners to pay the tax. In many of the localities inside Bangalore, this has become successfully initiated. However there are a few cities where online property tax facility is not yet available. Read More
Compared to the last quarter of the previous year, this year the new launches in the Mumbai residential market are lower, say experts. While the last quarter received higher number of new launches, the first quarter received only a few new launches. Read More
The buyers’ sentiments are really hurt by the delayed projects. This is, thus, one of the main reasons which have affected the housing demand in Delhi-NCR. Read More
Haryana Urban Development Authority (HUDA) has decided to take away the deadline for completing the minimum construction in the given residential and commercial plots.
As per the existing rules, the allottees are to complete the minimum construction before two years since the possession date. This will be no more applicable. The allottees will have freedom to construct buildings according to his financial stability.
Commenting on the new development, a spokesperson of HUDA said that the deadline for construction stands null and void. This will be no more applicable in the city.
After the expiry period of 12 years, the HUDA spokesperson adds, the allottees will be able to extend the period by paying a fee for it. However the extension fee will be double the size of the previous years.
Plot sizes up to 100 sq. m. are exempted from this extension fees. The rates of extension for such smaller plots, however, will be according to the rates set by the Authority.
Any alter in the rates by the Authority will have an equivalent alter in the extension rates of such plots. It means that the rates will go up in the case if the Authority raises the rates and the rates will fall if the Authority rates are lowered.
The extension rates are different for both commercial and residential plots. Extension rates for commercial plots will be double or triple the size of extension rates for residential plots.
A 50% rebate in extension fee will be granted to the allottees that are defense personnel or paramilitary forces. If the allottees are women or widows, then also the rebate will be given.
Groupco Developers is the latest venture of Shilpa Shetty. She has been into business for a quite long while. She is one of the favorites for those who love cricket just because she co-owns Rajasthan Royals team along with her husband. Read More
Securities Appellate Tribunal will hear the pleas submitted by Sahara Chief Subrata Roy. Along with Roy, three other top executives also have pleaded against SEBI in front of SAT. Read More
Normally the property consultants offer reports on everything and anything that happens in the real estate sector. In most cases their studies seldom differ. However their reports about office space demand trends in January 2013 are not supportive each other. On the other end, these reports seem contrasting each other. Read More
An institute which offers various courses on real estate has been recently launched. This is the first realty institute in India. This first realty institute was jointly launched by Amity University and RICS. Read More
BANGALORE: McDonald’s is a name which is very familiar to all who love pizzas and hamburger. They are the largest hamburger fast food restaurants chain in the world. It is estimated that they have daily customers over 68 million. McDonald’s has stores in 119 countries. Read More
MUMBAI: Sanofi India is the Indian subsidiary of French pharmaceutical major. It has bought 150000 sq. ft. of office space as part of their plan to expand. The newly bought office space is located at Powai, one of the suburbs which fall in the MMR. Read More
The office space absorption fell in the year 2012. This had affected the commercial realty sector badly. The office space demand is expected to increase this year. Office space absorption is expected to reach the mark of 30.5 million sq. ft. Read More
In the year 2012, Hindustan Unilever Ltd has earned around Rs.672 Cr by divesting its realty assets. This year too, the largest consumer goods producing firm plans to earn Rs.300 Cr by monetizing its idle properties. Read More
Non-resident Indian (NRIs) who live in Doha participated in Indian Property Show 2013 which was conducted at La Cigale Hotel last week. Thousands of NRIs visited the show. Read More
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