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CommonFloor Editorial Team

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Thiruvottriyur – Realty update September 2013

Overview:  The neighborhood of Thiruvottriyur is situated in the city premises of north Chennai. This locality has been one among the oldest habitations by the sea, and possesses a diverse residential population because of the various trading activity, industrial units and nearby fishing hamlets. Thiruvottriyur is famous for its cantonment and its bustling residential colonies. […]

CommonFloor Editorial Team

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India and China possess the highest office space demand in Asia-Pacific region

Economies of the Asia-Pacific belt prolongs to outpace other regions of the globe, whose growth prospects over the first half of 2013, have considerably weakened. The impact of this is conspicuously visible on the demand for real estate within the two biggest economies of the region. In the Asia Pacific region, having the biggest future […]

CommonFloor Editorial Team

Real estate in India to contribute 6.3% GDP, create millions of jobs

The real estate in India is estimated to contribute to 6.3 percent of India’s gross domestic product (GDP) in 2013, states a report. At the same time, the sector is expected to generate 7.6 million jobs as well, adds the report. As per the report by global property consultant, CBRE, the real estate sector along […]

CommonFloor Editorial Team

TDS on immovable property: Points to consider

In its recent move, the central government has gained the spotlight by implementing tax deduction at source(TDS) on the transfer of immovable properties. The present provision finds its due relevance in all transfer of immovable property transactions of property worth Rs 50 lakh or more. The new provision calls for TDS to rollback at 1% […]

CommonFloor Editorial Team

PCMC acts tough: 400 buildings razed, 2,400 FIRs filed

The Pimpri Chinchwad Municipal Corporation (PCMC) has filed FIRs against about 2400 individuals who had set up illegal structures across the industrial city. In addition to the same, 400 illegal buildings were razed by the authority, as part of the drive to demolish unauthorized constructions within its limits. Reports reveal that this is one of […]

CommonFloor Editorial Team

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