Realty Bill may open new doors to transparent, secure home buying
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Tue, 6/12/11 – 15:41 | No Comment

For many, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a draft Real Estate Regulation Bill, which is said to be on …

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IT Industry Pushes Realty Prices Upwards in Karnataka
Wednesday, 7 Apr, 2010 – 9:38 | No Comment
IT Industry Pushes Realty Prices Upwards in Karnataka

Premium properties in the city have seen no price correction in the first quarter of this year. Their prices are, in fact, showing a slight upswing, demand being driven by the resurgence of the IT …

SBI Increases Interest Rates on Home Loan
Tuesday, 6 Apr, 2010 – 17:38 | No Comment
SBI Increases Interest Rates on Home Loan

State Bank of India (SBI), the largest bank in India and one of the leading players in the housing finance market, has raised interest rates on home loans. Although the bank will continue with its …

Realty Revival May Push up Retail Rentals
Tuesday, 6 Apr, 2010 – 9:38 | No Comment
Realty Revival May Push up Retail Rentals

There may be a turnaround in realty fortunes, but rentals are still to look up. So much so that the likes of Shoppers Stop or Inox have not yet been approached by mall developers to …

‘Green’ Commonwealth Village Flats Turn Very Expensive
Monday, 5 Apr, 2010 – 23:47 | No Comment
‘Green’ Commonwealth Village Flats Turn Very Expensive

As Delhi is gearing up for the commonwealth games, all eyes are set on the commonwealth village which promises state of the art facilities specially designed to be the home for over 8000 finest athletes …

Rising Property Prices may Affect Transaction Volume
Monday, 5 Apr, 2010 – 9:15 | No Comment
Rising Property Prices may Affect Transaction Volume

With improvement in demand, real estate prices in the country have started moving up. But, according to experts’ views and indications available from the latest data, the rise in prices may affect transactions volume, which …

Urban Development Minister Demands Rollback of Service Tax in Real Estate
Sunday, 4 Apr, 2010 – 9:15 | No Comment
Urban Development Minister Demands Rollback of Service Tax in Real Estate

Arguing that it will stunt growth of the housing sector, Urban Development Minister Jaipal Reddy has written to Finance Minister Pranab Mukherjee seeking a rollback of service tax in the real estate sector proposed in …

Property Deals Going Sore Because of Additional Tax
Saturday, 3 Apr, 2010 – 21:45 | No Comment
Property Deals Going Sore Because of Additional Tax

If real estate players are to be believed, several property deals in Mumbai are getting cancelled due to the additional costs being levied by developers at the time of handing over procession of the properties. …

Slowdown has Helped Develop Successful Business Model for Modern Retail
Saturday, 3 Apr, 2010 – 21:21 | No Comment
Slowdown has Helped Develop Successful Business Model for Modern Retail

After last year’s big squeeze, both on consumer spending and store numbers, retailers should be complaining about the slowdown. Instead, they say the downturn was good for the industry. “The slowdown was the best thing …

CREDAI May Go to Court if Service Tax on Land is not Removed
Wednesday, 31 Mar, 2010 – 9:23 | No Comment
CREDAI May Go to Court if Service Tax on Land is not Removed

The Confederation of Real Estate Developers’ Associations of India (Credai) today said it would consider taking the government to court if its demand for excluding land cost from the proposed service tax on housing complexes …

Only 25% Delhi Property Owners Pay Property Tax
Tuesday, 30 Mar, 2010 – 20:00 | No Comment
Only 25% Delhi Property Owners Pay Property Tax

Only 25 percent of the properties in the national capital are paying property tax, the Municipal Corporation of Delhi (MCD) told the Central Information Commission (CIC), which has termed the revelation ’startling’. The revelation was …