Monthly Archives: November 2012

Allahabad HC Demand CBI Probe against Noida Authorities

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Allahabad High court removed CEO and Chairman of Noida. The appointment of Chief executive officer Sanjeev Saran and Chairman Rakesh Bahadur IAS will stand cancelled. Both of them will have to surrender their positions.
CBI to investigate into Noida Authority Scam

CBI to investigate into Noida Authority Case. (Image source )

 

Mr. Sanjeev Saran and Mr. Rakesh Bahadur were appointed sooner than the Samajwadi Party rose to power in U.P. Mr. Bahadur was earlier the chairman of Greater Noida and Yamuna Expressway Authorities.

The duo had been alleged of allotting lands to the real estate sharks. Nearly 14 plots of real estate land were allotted at comparatively very lower price. This act caused the state government a loss of Rs. 4,700-crore.  Continue reading →

Real Estate Hyderabad to Get 75-Crore Township by PRIL

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Patel Realty India Limited (PRIL), a subsidiary firm of Patel Engineering, is all set to invest 75-Crore in two real estate townships in Hyderabad.

Hyderabad Real Estate to Get Smondo From Patel Group

Hyderabad Real Estate to Get Luxury Oriented Smondo From Patel Group (Image Source )

Mumbai-based Patel Engineering Limited plans to invest 75-Crore in two real estate township projects in Hyderabad. The Mumbai-based construction firm is  specialized in hydropower generation and irrigation. Continue reading →

Real Estate Chennai Grows Faster Than Bangalore

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Recent trends in Chennai real estate show that it will stand with Bangalore real estate. How far it will take place? Following comparative analysis will tell you how far.

chennai real estate seems to be in safer hands

Chennai Real Estate Seems to Be in Safer Hands. ( image source )

Chennai and Bangalore are two prominent South Indian cities which generate new business. Both the cities have witnessed a higher level of growth in the recent past yet Chennai real estate stands little higher.

Real estate sector in both these cities are growing very fast. Of course Bangalore might stand steps ahead regarding the maturity aspect. Market growth of Bangalore which preceded that of Chennai can be counted as the reason behind this. Continue reading →

Surging Prices Pulls Down Residential Sales

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Unaffordability created by the surging prices inversely affected the residential sales. Most of the top cities are affected by fall in demand and residential sales.

Residential Sales Faces Trouble

Residential Sales Faces Trouble Mainly from Surging Prices

Real estate builders normally foster residential sales by granting discounts. This is not seen in the present real estate situation. The real estate builders seem not willing to lower the prices at any cost. They point to the increased cost of production. Continue reading →

SRK Gets New Endorsement from Real Estate Firm

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Shahrukh Khan –widely known as SRK got a new endorsement from Mahagun an NCR based real estate developer group.

SRK Gets New Endorsement from Real Estate Firm

Badshah of Bollywood Gets New Endorsement from Real Estate Firm (Image Sr.- flicker)

Endorsements always act as Extra Avenue of income for most of the Bollywood stars other than acting in films. Most of these endorsement deals bring a huge amount into their bank accounts. The rate of amount varies according to the rating of the star. Normally bigger stars get bigger amounts and it comes down in the order of hierarchy.

Latest of all Bollywood star endorsements is the SRK’s endorsement with an NCR based real estate developers Mahagun. Continue reading →

Tips NRIs Must follow to Reduce Tax Liability

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NRIs (non-resident Indians) play a vital role in the development of real estate in India. However they face problems in selling their properties in India. Some useful tips are provided to reduce sale tax liability.

NRI faces Sales Tax Liability

NRI faces Sales Tax Liability in Selling of their Real Estate Property.

Before selling the property an NRI must be aware of some basic rules and regulations which govern the sale of any property in India.

As real estate investment is considered as the most suitable  option for investment, NRIs are tempted to invest more on properties especially in hotter areas like Mumbai or Bangalore. Continue reading →

Real Estate Indirectly Supports Illegal Sand Mining in Noida

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Sand being one of the essential elements which determine the overall cost of production is illegally mined at higher level. Real estate constructions in Noida now depend highly on this illegal sand mining .

Illegal Sand Mining in India

Illegal Sand Mining in India causes environment troubles.

High pace developments taking place in the real estate industry causes high level land looting and illegal sand mining in Noida. Illegally mined sand is carried on to the construction sites on tractors. This has become a very common sight these days in Noida and Noida Extension.    Continue reading →

Energy-Efficient Real Estate Turns the Need of the Hour

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Real estate sector need to concentrate on energy efficient building constructions. Studies prove that India will benefit billions by proper real estate constructions.

power shortage alarms in India

Power Shortage alarms India

Real estate builders are wholly engaged in shaping out new cities with their commercial and residential constructions. Sky reaching buildings have become very common. This development of  real estate  is considered as a boon as it will solve the growing housing demand to an extent. Continue reading →

Real Estate Witnesses Stable Office Space Demand in Pune

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Real estate witnesses stable office space demand in Pune. Most of the city- areas remained stable while some other areas showed slight rise in office space demand.

office space demand

Stable office space demand.

Demand for office space remains almost stable in Pune, reports real estate experts of India. Comparatively larger share of office space is    demanded by IT and ITES, (information technology and other information technology enabled services ), the real estate experts added further.

Continue reading →

Real Estate Builders Express Discontent over RBI Policy

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Real estate builders expressed their discontent over the RBI’s decision to keep key policy rate unchanged. RBI seems not worried and unaffected as the central bank said expressed this as the right time to do so.

rbi decides to keep key policy rate

rbi decides to keep key policy rate

The Central bank of India said that it was the right time to lower the borrowing cost for real estate developers as well as home buyers.

Real estate apex body CREDAI has strongly expressed their disappointment over the RBI decision. CREDAI President Lalit Kumar Jain condemned the decision as entirely negative approach towards real estate. Continue reading →

Festival Season Gives New Hope to Real Estate Builders

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Mumbai real estate builders expressed their hope of getting a festive turnaround. Real estate Property exhibition held at Mumbai had really showered some rays of hope to the developers.

Own your home during this festive season for real estate

Own your home during this festive season for real estate

Festive season is always considered as the most suitable time for residential purchasing. Real estate Property exhibition held at Bandra-Kurla Complex concluded on Sunday. Continue reading →

How to Invest/ Purchase Wisely on Resale Property?

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How can you make a successful purchase of resale property? Do you purchase resale property as an option of investment? These tips will help you invest/ purchase wisely on resale property.
Useful Tips for Resale Property Purchase

Useful Tips for Resale Property Purchase

Your decision to purchase resale property must be supported by your purpose of purchase. Your purchasing purpose is of greater priority and importance.

Probably when you consider purchasing a property to settle down, then you have to consider the proximity to office site, close educational institutions needed for your children’s education, and so on. The area’s growth is not as mattered highly as your convenience is. Continue reading →

HC Orders MH Real Estate Builders To Pay 5% VAT

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Maharashtra High Court ordered the real estate builders to pay 5% VAT by 31 of Oct. This order solely binds builders to pay the tax but they are found forcing the buyers to pay the tax.

VAT Troubles Real Estate Builders

VAT Troubles Real Estate Builders

Real estate Builders remain unable to claim their tax provisions due to less transparency and poor records. The developers are still expected to pay the entire amount. Continue reading →