If you own a property you should be very careful as anyone can get your property registered in their name! It comes as a surprising news to all of us indeed! Similar is the situation witnessed at Kolkata! Wherein an employee of a private insurance firm’s flat at Kush Apartment in north Rukkanpura has been registered [...]
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Latest News and Stories related to Property
Property worth Rs 1 crore catch up fire!
Monday, February 27th, 2012Property worth crores was gutted in major fire break down at Parempadam near Kunnamkulam in Thrissur. The fire broke out in the nearby paddy field spread across causing damage to painting garage and six vehicles parked in the garage! The fire operations began a little late and so did the people did not stop the [...]
NRI find firmness in Indian real estate investment!
Thursday, February 23rd, 2012Home ownership is the highlight in India! The real estate experts say that there has not been any time where they haven’t witnessed NRI neglecting to invest on land or property down their respective home towns in India. For the NRI’s who have done their investments here in India few years back are today worth [...]
AMR Infrastructure invests Rs 1200 crore in Greater Noida
Wednesday, February 8th, 2012AMR Infrastructure, a real estate firm based in the national capital is planning to invest in a township in Greater Noida. The project worth Rs 1200 crore is of 25 acres which will include residential and commercial spaces and a shopping mall. The investors have already put in Rs 600 crore and they plan to [...]
RBI further puts new bracket in home loans
Monday, February 6th, 2012Property buyers are again to face a sharp blow for home loans. According to latest notice by the Reserve Bank of India, banks have to exclude the stamp duty, registration fees and other charges to calculate the total value of a property while giving a loan. This notification means there will be a setback in [...]
Service tax to be levied on construction of flats
Saturday, January 21st, 2012As per the recent Bombay High court’s order, service tax will be levied on construction of properties. Earlier, Maharashtra Chamber of Housing Industry (MCHI) challenged the order of paying extra service tax. The order also stated that only state government has the power to levy tax on flats, buildings and other plots. MCHI has already [...]
Mumbai builders met CM to discuss RR rates
Thursday, January 19th, 2012Builders in Mumbai are a worried lot now over various issues. Maharashtra Chamber of Housing Industry (MCHI) met the state chief minister to reverse back the Ready Reckoner (RR) rates as it was in 2011. The builders also wanted a permanent solution for getting instant clearances for building projects. An abrupt increase of 46% in [...]
Royalty gets common treatment for property tax!
Tuesday, January 17th, 2012Nobody is spared from paying property tax, neither a common man nor a king. The quote holds true as the Bruhat Bengaluru Mahanagar Palike (BBMP) has put a huge tax of around Rs 1 crore on the family of Mysore Maharaja, Jayachamaraja Wadiyar. The tax has been levied on their litigated land in Palace Grounds [...]
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