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Tag Archives: developers
IT Dept Sends Letter to Realty Companies Citing 10% tax on Land Lease Sales in Mumbai
The Income Tax department has sent letters to real estate companies, MMRDA, CIDCO stating that all land lease sales or transfers attract a 10% tax, sources said. The IT department states that tax should be cut with retrospective effect from … Continue reading
Posted in Latest News
Tagged (MMRDA)., CIDCO, developers, income-tax, Lease, Real Estate
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Developers interests in road projects increasing
New Delhi: There are some signs of private road developers showing renewed interest in highway projects.NHAI officials said 11 projects awarded recently have attracted unexpected response.In some cases,private developers have offered premium beyond government expectation and in some others,they have … Continue reading
Posted in Latest News
Tagged adda, ashoka buildcon, bakhtiarpur, dankuni, developers, kharagpur, New Delhi, NHAI, panagara, patna, pppac, private
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DDA to take over Games flats today
New Delhi: The Commonwealth Games Village,which had got a lot of flak initially and later glowing comments from athletes,will be handed over back to the Delhi Development Authority (DDA) on Monday.The flats,incidentally,will be ultimately put up for sale some time … Continue reading
Posted in Latest News
Tagged Commonwealth Games Village, DDA to take over Games flats today, Delhi Development Authority, developers, Emaar MGF, Flats, kettles, like television sets, New Delhi, organizing committee, refrigerators, residential compound, washing machines, Yamuna Sports complexes
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Speculators spur property rate spike
New Delhi/Mumbai: After a long slump, speculators are back in the country’s property market. That’s bad news if you are looking for discounts or bargains while buying a home.
Builders must pay for delay in possession
In recent months, I have received a large number of highly distressing mails from consumers on the harassment that they are facing at the hands of builders. In most of these cases, the consumers are senior citizens who have sunk … Continue reading
‘Real estate oversupply can lead to Bubble 2.0’
With India’s real estate market brimming with new launches, investors need to exercise caution while choosing projects. Leading private equity investor Gaurav Dalmia , founder chairman of realty-focussed Landmark Holdings that is investing $225 million in specific projects, feels speculative … Continue reading
Buyers turn lenders for small developers
With banks continuing to remain reluctant to extend credit to small developers and private equities (PE) offering funds only to large projects, many small and medium developers are attracting funds directly from buyers by offering them 12 per cent guaranteed … Continue reading
Realty majors gung-ho on luxury homes again
NEW DELHI: Yet another piece of the real estate market appears to be getting back in shape. After realtors focused on the affordable housing space, where demand remained reasonable when market prices crashed two years ago, they are now launching … Continue reading
Government to put out a white paper on housing
The government is preparing a white paper that will bring out all the issues affecting supply and demand in the housing sector, a top official said here. ‘Towns and cities are growing by default rather than by design. There needs … Continue reading
Posted in Latest News
Tagged developers, government, Housing, housing sectos, RBI, regulations, Reserve Bank of India, urban areas
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Affordable housing: Dream or reality?
Affordable housing is the buzz word in the real estate industry today. Developers stung by credit crunch and lower demand for offices and premium residences in recent times have turned their focus to the middle class segment. Due to weak … Continue reading
