» Realtors block low return low cost housing project references

Mumbai: "Housing for all in 2022," Prime Minister Narendra Modi's vision may turn out to be with the developers to maintain a low-rent housing project, citing regulatory hurdles, high land costs and low returns makes such a project. "can not afford "a daunting task. Currently, there are 1,878,000 rupees shortage of housing units in urban areas, but it is not cheap to attract developers to take the department before the land acquisition units are facing many challenges, soaring land and material [...]

» Home not delivered in 3 years after loan? You will now lose out on tax breaks

New Delhi: Despite the increase in the budget for housing loan interest exemption limit, income tax law in a little-known provision could damage the buyer lakh families will not be calculated their builders on time delivery. Information Technology Act that, if you want to use by the buyer house builders did not surrender, "within three years from the end of this fiscal year the capital is borrowed," the amount of interest in the exemption will only Rs 30,000 a ..apartment in Gurgaon in 2010 th[...]

» Sell ??your house? Changes in the tax rate you need to know

Finance Minister Arun Jaitley in his first Budget proposed to amend the sale of the property capital gains tax law. The tax-cap on the amount of finance minister in the specified bonds, also known as capital gains bonds, long-term capital gains on the sale of investment properties of. Mr. Jaitley also clarified that the investment should be in India to invoke the benefits of a long-term capital gains for residential property. At the current tax rules, the sale of property held by long-term capit[...]

» The need for taxation of real estate investment trusts, "the clearer, said HDFC chairman Deepak Parekh

Terming the Budget announced the grant through the economic status of real estate investment trusts (REITs) are a good start, HDFC chairman Deepak Parekh urged the Treasury Department to come up with further clarification before tax it is successful. In his first Budget earlier this month, Finance Minister Arun Jaitley has said that real estate investment trusts have been successfully used in the field to obtain investment to enter, and added that he intends to provide the necessary incentives R[...]

» Builders Go e Way Launch Portals To Let Customers Buy Home Online

Mumbai: Until recently, the real estate portal, buyers use research plan and apartment prices, but builders are in this process to a new level: You can now buy a home on the Internet. As more and more Internet penetration, potential online space builders realized in housing transactions, and some even tasted success. Mumbai-based Lodha Group has developed through its online portal over 100 booking their new town project Palava Navi Mumbai. "We see cyberspace, and consumers new ways for our entir[...]

» In Delhi, NCR office space absorption up to 11%

New Delhi: Office space absorption to rise 11% in Delhi NCR Corporation 1.38 million sq ft in April to the second quarter of this year over last year, from a higher demand for IT / ITeS industry, global real estate consultancy firm DTZ said. However, compared with the previous quarter, a decrease of 18% absorption."In Delhi, NCR office witnessed total revenue in the second quarter of 1.38 million square feet, representing a reduction of 18 percent last year, the chain (compared with the previous[...]

» Property players like land and buildings, etc. to the recommendations focus on smart cities

India's real estate players are helping their proposals put forward in the development of smart cities 100 national policies of the new government. "Smart City on the table ... it will take more time to form, but it still devoted a lot of positive emotions real estate industry, this time, we are trying to formulate policy recommendations to promote the Prime Minister's Office sent," Ngapoi Coke, Chairman and Managing Director, Poona.Architects and designers have emphasized innovation in the coun[...]

» Global realty investors may currently focus on metros: Experts

Mumbai: Even though the government's move to reduce capitalisation limit to USD 5 million is likely to attract FDI in the real estate sector, industry experts believe global investors may initially focus at major metros than investing in high-risk Tier 2 and 3 cities.While the developers' community is upbeat about foreign investments in smaller cities, international players are reluctant to enter markets which are of high risk, especially where infrastructure has yet not been devel[...]