Category Archives: Newsletter

As per amendments to Section 56 of the Income Tax Act, which were made by the Union Finance Minister P Chidambaram, if a property is undervalued at say, Rs 80 lakh while the Ready Reckoner (RR) property rate for the …

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In a meeting which took place on 13 March, the Municipal Corporation of Gurgaon decided to give rebate on property tax to owners of plots.   The percentage of rebate on property varies from the sizes of plots. For instance, …

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As reported in The Economic Times, Ansal Properties and Infrastructure (Ansal API), a reputed real estate developer recorded property sale of worth Rs. 2,361 Cr. in last 11 months. Although in terms of value incurred in the last fiscal property …

Posted in Gurgaon, Investment, NCR Delhi, Newsletter, NOIDA | 1 Comment

Prime Gourmet Private Limited has acquired a contract to help open a chain of Johnny Rockets’ chain of food franchise, as per a franchise agreement. The announcement of the same was recently made by representatives of Johnny Rockets to news …

Posted in Bangalore, Investment, Mumbai, Newsletter | 1 Comment

As per a report by Knight Frank, a global property company, property prices of luxurious real estate projects are way more cheaper than property rates of places like Monaco and Mumbai. As per this report, during the last quarter of …

Posted in Investment, Mumbai, Newsletter | 1 Comment

Cities with some of the costliest addresses in India include Mumbai, Delhi and Kolkata. Localities that witness the highest property prices are Luytens Delhi, Altamount Road, Cuffe Parade and Malabar Hills in Mumbai and Alipore in South Kolkata.   Property …

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Soon the property buyers will be able to pay stamp duty for property transactions without wasting time in visiting multiple offices. In order to make stamp duty collection a hassle free and secure method, the state cabinet gave approval to …

Posted in Investment, Mumbai, Newsletter | Tagged , | 1 Comment

Indian Government has taken an initiative to deter speculators from real estate market and limit the housing supply in luxury segment of real estate. Steps taken towards this end include a one -percent Tax Deducted at Source (TDS) on property …

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Budget 2013 has given middle-class home buyers a good reason to cheer. As per the announcement made by P. Chidambaram, the Finance Minister, any person who applies for a loan of up to Rs. 25Lakh for first home will get …

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In Mumbai and its suburbs, around 26% rise in sales has been recorded as compared to registrations in December 2012. In last one year, property sales in Mumbai were lower than other cities such as National Capital Region(NCR) and Bangalore. …

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