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Recent Posts Tagged With 'legal status of property'
Facilities management is the next big thing in real estate space
Mumbai/Bangalore: When Jasmer Puri started his company 16 years ago, he used to shy away from telling his friends about his business. Having built Dusters Hospitality Services Pvt. Ltd into a Rs100 crore facilities management services firm, Puri no l...
Govt meet to help NRIs resolve real estate woes with developers
The ministry of overseas Indian affairs is bringing together real estate developers, government officials, both from the Centre and the states, and Indians living abroad in a first-of-its-kind seminar aimed at resolving property disputes in Delhi on ...
All about affordable housing
The city will host the annual MyBuild, an exhibition of construction industry, from DecemberThe Builders Association of India, Mysore centre, has teamed with the Confederation of Real Estate Developers Association of India for the expo. The exhibitio...
India\'s first private metro rail project is down, but not out
The Rapid Metro Rail Gurgaon (RMRG) Ltd -- India's first totally private metro rail project -- failed to get financial closure by November 30, 2009.It is a Rs 900 crore project owned by IL&FS (74%) and DLF (26%) linking the DLF township in Gurgao...
Returning NRIs boost demand for residential property
An estimated 25 million NRIs living in 130 countries in remittance have remitted US$52 billion so far this year. In fact India topped the list of countries flow followed by China and Mexico, according to World Bank report on Migration and Development...
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Murphy's law is at work in the global financial and realty markets. If something can go wrong, it will. No one who is familiar with the facts of Dubai's boom and its global dimension ought to have been surprised by the debt crisis that has hit Dubai...
Action on illegal PG properties Chandigarh.
CHANDIGARH: After conducting a detailed survey of unauthorized and illegally paying guest (PG) accommodations in the area, cops at the Sector-19 police station are ready to book and arrest owners of properties who are still not adhering to set norms....
IT majors worried about cascading effect of Dubai crisis
MUMBAI/BANGALORE: As World, the emirate’s investment firm seeks more time to repay almost $60-billion debt, India’s top tech firms fear that the once lucrative West Asia market for outsourcing can enter a prolonged recession and customers in othe...
Real estate sales picking up in India with warning against price hikes
Low interest rates, a resurgent stock market and growing confidence in the economy is boosting the real estate market in India but analysts are warning that a sharp increase in prices could put investors off.‘The residential market, including the p...
DLF owners to buy out DE Shaw in arm Assetventures
The founding family of India’s largest real estate company has reached a deal with DE Shaw to buy out the hedge fund’s stake in DLFAsset (DAL), an important step presaging transactions that could lead to a Singapore listing for the DLF affiliate ...
MCD property tax amnesty scheme has few takers
AssetventuresThe property tax amnesty scheme launched by the Municipal Corporation of Delhi (MCD) to encourage tax defaulters to pay up their dues failed to people. Only 27,000 property owners came forward to pay their dues even as the civic agency w...
Man can claim house bought in wife\'s name: HC Assetventures
More than 20 years after a Ratnagiri couple got divorced, the Bombay high court has given the man the right to claim the property he had bought for his former wife in happier times."The husband had purchased the property in the name of his wife with ...
NRIs to get immediate property possession in Chandigarh Assetventures
Non Resident Indians (NRIs) having property in the union territory of Chandigarh can now gain immediate possession of both resedentian and non-residential property, officials said here Monday."We have received a notification from the union government...
Housing sector is shining again Assetventures
Last August, Gurgaon real-estate broker S Karan was planning to move out of his tiny basement office in a small building to a fancy new one in one of the tall steel-and-glass buildings that have become the signature of this booming Delhi suburb.Then,...
Hospitality giant on land hunt for city address
Zuri Hotels & Resortsa multinational conglomerate promoted by a consortium of investors from West Asia is scouting foropportunities in Kolkata. The company is open to contract management opportunities as well as setting up its own hotel in the ci...
India's biggest land deals
DLF, India’s largest real estate developer, has emerged as the sole bidder for the 350.71-acre land parcel in Gurgaon put up for auction by HSIIDC. With a reserve price of Rs 1,700 crore, it’s said to be one of the largest land deals in India in ...
Real estate market is improving: Time to buy
The figures in US from the National Association of Realtors show that pending home sales for July increased by a 3.2 percent margin, bringing the organization's Pending Home Sales Index to 97.6. This is a 12 percent improvement over last July's figur...
All about taking loan against property Assetventures
Want money for your child's marriage? Or to fund your business expansion? Well the money is already in your house! Read further...Loans generally can be classified as secured or unsecured. Personal loans and credit cards come under the un-secured loa...
NRI meet to seek changes in Indian property laws
NEW YORK: The Global Organization of People of Indian Origin (GOPIO) will pressure the Indian government to amend property laws to protect theinterests of NRIs at its annual conference here this week.The biggest and oldest body of the Indian diaspora...
Real estate buffeted by strong currents
Real estate in India has always been the playing field for entrepreneurs. This industry has witnessed unprecedented highs and frightening lowsover the years. One is often left dyspnoeic with the continuous shifts in this sector.Market DynamicsDue to ...
Sukhbir orders checking of under valued registration of properties in Punjab
CHANDIGARH: Sukhbir Singh Badal, Deputy Chief Minister Punjab on Tuesday took a serious note of under valuation of properties being done by revenue authorities in the field for the purpose of paying stamp duty.Badal flanked by Harsimrat Kaur Badal,...
NRI cell goes beyond property issues Assetventures
CHANDIGARH: The NRI cell, a landmark initiative of UT administration to redress property disputes, will have to expand its ambit to take care ofmany other concerns of those who may have left the country for greener pastures but still look back with h...
MCD launches amnesty scheme for tax defaulters
NEW DELHI: Not paying your property tax can land you behind bars for a period of seven years now. The Municipal Corporation of Delhi (MCD) haslaunched am amnesty scheme under which tax defaulters can clear their dues without having to pay a penalty o...
New property tax rule put on hold Assetventures
MUMBAI: With an eye on the upcoming assembly elections, public representatives in the BMC held back an important proposal to implement newcapital value-based system to calculate property tax.The capital value-based system, which is fairer and easier...
North East's biggest real estate project
Shillong , Aug 24 Emaar MGF Land, one of the largest real estate developers in the country, would set up a residential complex here at an initial investment of Rs 400 crore.The 84-acre Windermere Estate at Umpling, Shillong , once completed, would...
Bandra-Worli Sea Link to drive prices of real estate
It’s a classic case of infrastructural development boosting real estate prices.The Bandra-Worli Sea Link seems to be doing more than just easing the traffic flow from north and south Mumbai. Experts in the country's financial capital say that there...
Huge rush to avail property tax rebate
NEW DELHI: With the deadline for filing property tax returns (PTR) only a day away, property owners eager to avail the early payment rebate of 15% queued up from 9am at various MCD tax collection centres in the city. Despite the option of filing retu...
Maharashtra mulls giving equal share to wife in property
The Maharashtra government is seeking legal advice on making it mandatory for giving equal property right to wife, Revenue Minister Patangarao Kadam has said. The present norms stipulate that the wife getting share in property is 'discretionary' and...
