Tag: Maharashtra

E-payment of Stamp Duty: Maharashtra Govt. Goes for It

With the motto to renovate the entire stamp duty collection system, Maharashtra Government has decided to permit e-payment of stamp duty. Now those who buy property in Mumbai need not go from office to office. They will be able to pay the stamp duty or the property tax through e-payment system. The customers will have […]

The Realty Confusion: Mumbai offers little hope for home buyers.

In a recent report, Jones Lang LaSalle said that Mumbai seems to be in a tighter spot with Rs275 billion being sunk in land since FDI (foreign direct investment) was allowed in real estate in 2005; most of which has failed to yield returns. Even many investments done in South Bombay once named as one of the […]

Indian Realty Sector may gain due to Gudi Padwa.

Gudi Padwa, a festival which earmarks new beginnings and new hopes to everybody’s life. Hence many builders announce their new projects at this point of time taking into consideration the sentiments of the local market. The festival is widely celebrated in the state of Maharashtra and as for common people in India, a home is a […]

Nashik, New Realty Destination

Sizzling by the virtue of its all round development, Nashik has now become one of the hot property destinations in Maharashtra. The exclusive residential projects that are coming up in various external parts of the city are adding to the demand in the realty sector in the city. Photo by Durgesh PaliwalNot long back, the […]

IREO to invest 500 million dollars

Photo by thinkpanamaGlobal real estate giant IREO will invest 500 million dollars in various infrastructure projects in India. IREO is already one of the largest investors in the country’s real estate sector. The company currently has thirteen projects and is in the process of constructing an IT SEZ in Pune. The company has projects in […]

Ambuja Realty plans to spread

Ambuja Realty will move ahead with the strategy to broaden its horizons into real estate, hospitality, life care and education at the period of economic slowdown. Mr. Harshavardhan Neotia, chairman of Ambuja Realty, said that the company had not deferred any projects. He said, “We are expanding in all business areas”. Since its inception couple […]

Indiabulls realty purchases majority stake in Dev Property

MUMBAI: Indiabulls Real Estate(IBREL), the real estate division of the Indiabulls group, has decided to take greater part stake in Dev Property Developers, the London-listed property fund, in order to gain best part control over two of its prized properties in Mumbai. IBREL has bought over 90 percent in DPD for about Rs 1,100 crore. […]

Parsvnath Developers Spread Wings

21 January 2008, New Delhi: Parsvnath Developers has announced an investment of Rs 60,000 crore in coming five years in diversified areas such as SEZs, airports, express ways and retails business. Mr. Pradeep Jain, Chairman of Parsvnath Developers said, “We shall be bidding for upcoming airports such as Udaipur, Greater Noida, Maharashtra and other states. […]

Ispat Industry Sells Flats in Mumbai

18 January 2008, New Delhi. Ispat Industries is informally entering in to real estate industry. Ispat industry is known as a major steel producer industry and now they are planning to sell its property at Mumbai’s Peddar Road at a rate of about Rs 50,000 per sq. ft. Mr. Vinod garg, Executive director (marketing), has […]