News & Facts

Relaxation of REIT rules makes real estate stock to jump up to 4% Real estate stock has increased by 4% due to the relaxation in the REIT rules. NEW DELHI: The SEBI relaxed rules on the REIT (Real Estate Investment Trust) in the recent past which has resulted in the increase of real estate stock by 4% and increased investment in the under-construction projects. The restriction on the SPV – Special Purpose Vehicles was removed for the money to be invested in other SPV holding the assets. A... Read More
Hike in Noida residential land by 14 percent Depending on the type of sectors the group housing prices have been revised. The price range was between Rs.35,420 and Rs.93,750 and has now been increased to Rs.41,940.There is a likelihood that the rates of residential land in noida will get increased very soon. An approval has been given by the Okhla Industrial Development Authority (NOIDA) Board to hike up the land rate by 14 % approximately. This will take effect very soon. Howe... Read More
Tata Housing sells 200 flats in Gurgaon at a price of Rs.300 crore Tata Housing MD & CEO Brotin Banerjee said: "We have had an overwhelming response to our project which will continue to be and seen success from the beginning." NEW DELHI: Tata Housing has sold about 200 flats in Gurgaon and had an overwhelming response from the public. The real estate arm of Tata Group, "Tata Housing" has sold around 200 flats at a rate of Rs.1.8 crore each from its project called "La Vida" on the Dwarka E... Read More
Astra Zeneca land at Hebbal costing 290 Cr. to be purchased by Embassy group The famous pharmaceutical company AstraZeneca which is undergoing re-structural activities has closed their Bangalore Operations at Hebbal research centre. The owner of big business parks of Bangalore, Embassy Group is negotiating with pharmaceutical company Astra Zeneca to acquire their 12 acre property near Hebbal. The value of this property would be around 290 Cr. The British company would be selling this property ... Read More
Ghaziabad to experience increase in house tax by 5 percent GHAZIABAD: The executive committee of the Ghaziabad Municipal Corporation has decided to hike the house tax by 5% the decision was made on Wednesday, this week. The same will be submitted to the members of the board on the 25th of June.In the previous year, there was a proposal to increase house tax by 10% when the proposal had originally been for 25%.D K Sinha, additional municipal commissioner, GMC said, "The committee has given green... Read More
Smart City projects launched by Indian Prime Minister Indian Prime Mininster Mr. Narendra Modi in his speech in Pune said that urbanization is to be considered as a chance to diminish to poverty and should not be taken as a problem. Mr. Modi also conveyed that it is essential that the cities should have the strength of wide range and inter-connected approach, the city public should also participate actively in development programs. The above statements were made by the PM when launching the gov... Read More
Mumbai Beats Out Seattle and Canberra in Expensive City List Currently, Hong Kong is world’s expensive city, it has pushed Luanda of Angola to second, in the same list rank 82 is Mumbai (tops as India’s most expensive city), next in the rank is New Delhi (130th position), Chennai, Kolkata and Bengaluru are at 158, 194, 180 positions respectively. Mercer’s Cost of Living survey of 2016 states that cost of living in Mumbai is higher than Seattle and Canberra that are in ranking... Read More
7th Pay Commission: Realty sector will pickup in full speed NEW DELHI: According to information from the Real estate industries body, the implementation of policies laid out by the 7th pay commission will definitely increase the growth of real estate market very soon though there has been a significant slump in the business for quite some months in the past. Realtors' two apex associations -- CREDAI and NAREDCO -- said "the modern law permits operating malls shopping centres and other establis... Read More
Increasing office space crisis across the city of Bengaluru BENGALURU: Though real estate business is not picking up in many parts of the country, the commercial side of the business has started showing enormous progress in the recent past. The MNCs and other engineering companies are in need of commercial spaces and urging the developers to do the needful. Supplying of quality office spaces within the set timeline has become a big challenge for developers. The rental costs have also increased ... Read More
Reasons for increased cost of living in Smart City Living in or near Smart City? Be ready to pay more taxes to government. Government is planning to recover its investments on public infrastructure provided in Smart Cities. Sources from Prime Minister’s office states that centre is drafting some policies on value capture financing with an idea to help the government to recover some percentage of public infrastructure investments fund for private landowners. Prime Minister’s Office i... Read More
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