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Latest News
Developers told to pay service tax on redeveloped housing projects
Publish on : 2019-03-22 11:04:33
When a real estate developer redevelops a society and delivers apartments to the original residents free of cost, is it taxable? The tax department thinks it is.  In what is set to create problems for real estate developers, especially those that have undertaken redevelopment projects, the indire...
Buying a house on a subvention scheme? Tread with caution 
Publish on : 2019-03-15 10:49:36
With prospects of under-construction properties looking up following the cut in Goods and Services Tax (GST), interest subvention schemes offered by builders through tie-ups with banks are likely to come into focus. Along with discounts and freebies, such schemes could be promoted heavily to attra...
Realty hot spot series: Proximity to commercial areas is the main draw of this Pune locality
Publish on : 2019-03-13 11:41:03
This week’s realty hot spot is Pashan-Sus Road, Pune. The main draws of this well-developed area are its good connectivity to commercial areas and presence of good infrastructure. It is well-connected through the Pashan-Sus Road, Baner Road, Mumbai Highway (NH-48) and Shivaji Nagar Railway Station....
Real estate stocks rally on GST rate cut boost
Publish on : 2019-02-25 13:08:50
NEW DELHI: Most real estate stocks were trading higher in early trade on Monday after the GST Council on Sunday cut tax rates on under-construction flats to 5 percent and affordable homes to 1 percent, effective April 1. The Nifty Realty index was trading 2.25 percent higher at 238.40 at around...
Not paid property tax yet? You cannot sell or transfer it now
Publish on : 2019-02-05 12:51:55
MUMBAI: Property tax defaulters in the city will now not be able to sell, transfer or take a loan against the property. Brihanmumbai Municipal Corporation (BMC) had sent them several reminder notices and disconnected services for not paying the tax. Earlier this week, its assessment and collecti...
Realty hot spot series: Good connectivity is a big draw of this established locality in Mumbai
Publish on : 2019-01-28 11:29:00
This week, in the Realty Hot Spot Series, we take a look at Mumbai's Kanjurmarg-Bhandup area. It is an established micro-market with decent social infrastructure and easy accessibility to other key localities of the Mumbai Metropolitan Region (MMR). One of the biggest draws of this locality is its p...
IKEA inks pact with Rustomjee Group to offer furnished homes
Publish on : 2019-01-23 16:02:04
MUMBAI: Global furniture major IKEA Group has entered into a strategic alliance with realty developer Rustomjee Group to provide furnished apartments in the latter’s residential project. This is for the first time that the Swedish multinational has formed any such alliance anywhere in the world. T...
Unsold residential inventory hits 2-year low on ready properties’ sales traction
Publish on : 2019-01-17 11:00:29
An uptick in the traction of ready-to-move-in and nearing-completion properties has led to residential inventory overhang across India’s top 7 property markets dipping to a 2-year-low. Unsold inventory declined by nearly 7% from a year ago to 6.73 lakh units as on December end from 7.26 lakh units i...
At 18%, Mumbai rent inflation highest among five cities: Report
Publish on : 2019-01-08 14:44:53
MUMBAI: The Mumbai Metropolitan Region (MMR), which includes Thane and Navi Mumbai, experienced a maximum rent inflation of 18% in 2018, the highest among five Indian cities, a recent survey reveals. The average rent in MMR jumped to Rs 21,168 last year from Rs 17,912 in 2017 followed by Chennai...
Consumers’ body wants govt to bring projects for revamp under MahaRERA
Publish on : 2019-01-05 12:44:57
Mumbai Grahak Panchayat on Dec 31, 2018 wrote to CM Devendra Fadnavis to bring more than 6,000 redevelopment projects in the three cities under MahaRERA as assured by him. PUNE: For over a lakh families in Pune, Mumbai and Thane waiting endlessly for developers to complete projects under redevel...

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