‘Stamp duty on property deals can rise’
New Delhi: The state can fix higher stamp duty on property transactions done through power of attorney vested in an outsider, as against such power executed through one’s blood relatives like father, mother and wife, the Supreme Court has ruled.… Continue reading
Petition seeks BMC to implement property tax ULB level reforms
Mumbai: A Thane-based political party has approached the Bombay High Court seeking direction to the Brihanmumbai Municipal Corporation (BMC) to implement the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) property tax Urban Local Body (ULB) level reforms.
According to the… Continue reading
Indians prefer 2nd-hand property: Study
Mumbai: While buying a house, majority of the Indians prefer a ready-to-move property than new launches, a recent study has said.
“About 74 per cent home buyers across India are negotiating for a ready-to-move property,” real estate market news portal… Continue reading
Indians prefer second-hand property: Study
Mumbai: While buying a house, majority of the Indians prefer a ready-to-move property than new launches, a recent study has said.
“About 74 per cent home buyers across India are negotiating for a ready-to-move property,” real estate market news portal… Continue reading
‘Mumbai property prices spike 3.2%’
: There is bad news for prospective home buyers who have been waiting for a price correction to take place to book their dream homes.
A report released by Jones Lang LaSalle (JLL), a global leading real estate services firm,… Continue reading
No sale deed to be registered if property transacted under GPA: Delhi govt
New Delhi: In a bid to ensure strict adherence to the Supreme Court order on property transactions, Delhi government today said no sale deeds will be registered if it is done through General Power of Attorney (GPA).
The government, however… Continue reading
Punjab asks employees to file property returns
Chandigarh: The Punjab government today decided to make the filing of property returns by its employees mandatory.
The decision was taken by Chief Minister Parkash Singh Badal at a meeting here to ensure transparent and responsive governance in the state,… Continue reading
‘SEZ making property companies rich’
New Delhi: A Parliamentary panel has castigated the government for not establishing industries in almost half the SEZs set up since 2006 and giving the land to realtors, diverting fertile land of farmers.
The Parliamentary Standing Committee on Commerce said… Continue reading
RBI rate cut likely to perk up property scene in Tricity
s move to cut key rates for the first time in three years by a sharp 50 basis points may kickstart property transactions in Tricity, which have seen a major slowdown over the past year.
The correction in residential property… Continue reading
Realtors expect rise in property demand after RBI’s rate cut
NEW DELHI: Realty firms today hailed the RBI’s decision to cut short-term lending rate saying the move would reduce the cost of funds to home buyers as well as developers and boost property demand.
“Reserve Bank’s decision to cut the… Continue reading