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GIS Mapping To Benefit The Digitization Of Chandigarh City. Chandigarh administration has discharged tenders for geographic information system (GIS) mapping of properties and other infrastructure to sign up an organization execute and supervise aerial and light detection and ranging (LIDAR) data survey.
For complete digitization of all records of property and other infrastructure this project was sanctioned by the central government earlier. Under this project the authority targets to achieve GIS mapping for all the buildings- residential, commercial, manufacturing, edifying, health services, central government, state government, railway property, spiritual, leisure and public utilities such as- water treatment plants, pumping stations, solid waste management plants and sewage treatment plants. All the rural areas, slums, vacant areas, agricultural land other eco-sensitive zones, transportation growth communication infrastructure- telephone exchange, cell towers and WiFi hotspots will also be connected through maps. Land buying tips for real estate investors. KOLKATA: Check the land deed twice before you buy a plot from a broker.
Chances are that the deed is fake, a clone of the original, like counterfeit notes. Land deed cloning is the Ponzi firm’s latest gift to fraudulent trade in the state. TOI has learnt that Ponzi firm owners had started the fraud with a section of Bank and land registration officials. They fake signatures and seal of the land registration authorities, thus selling the same plot to many buyers. Hundreds of complaints have poured into the Shyamal Sen commission’s office set up to probe the Saradha muddle, where many have lodged co plaints against fake land deeds, apart from asking for a refund of money. “Most of the cases involving fake or cloned documents in land deals have been reported from districts like South and North 24-Parganas and Nadia,” said Dipankar Mukherjee, secretary of the All India Bank officers’ Confederation (West Bengal state unit).
Shopping Malls Above 350,000 sq ft Area Have Been The Favorite Investment Zone Of The Retailers. Based on the recent survey of Cushman & Wakefield it can be stated that private equity venture in retail real estate has been pitched close to 3350 crore in the first half of 2016.
It looks like the bigger shopping malls are gaining the better investment preference from the international and domestic retailers. For establishing shops inside a mall 40% of the perceptive investors voted for Shopping malls of 350,000 sq ft and beyond. From the investors perspective it’s visible that with the bigger alignment they will achieve the access to an additional wide-ranging retail surroundings like superstores, multiplexes, gaming zone.
Thus they could attract more visitors and further inflow. The recent cost of property, quality of shopping malls and incentives and rent-free period materialized as the prime factors to manipulate the property locations by the retailers. Capacity of the mall and the functional area, economical cost are top three facts bumping the location selection of the mall. A Strong Upturn For Indian Real Estate Market. Year 2015 was a dry business sector for Indian land business.
It was a stop minute for residential property sale in kolkata and additionally business property deal in across the country metro urban areas. In spite of the fact that a couple of huge names in the development business started some exceedingly foreseen ventures in the mainstream areas the nation over, however toward the end of the year their speculation couldn’t ready to pull off the level of desire. Market specialists opine year 2016 will acquire some uplifting standpoint the property market. Talking about the principle issue with the Indian land engineers is amid the booking session of any flat or house they confer certain conveyance date to the purchasers on which later on they keep on being unfit to hand over the advantage for the purchasers. Other than property speculation needs a considerable measure of cash. . – By LNN (Liyans News Network) Continuous Upsurge Of Buying Residential Properties Near Commercial Areas.
Real estate revenue in Kolkata majorly comes from the residential sector.
A comfortable surrounding shoots up the value of the property. If you choose your residential apartment near the core commercial area of Kolkata it will definitely give you the bigger resale value than your expectations. As long as you are close to the main city commercial area the price of the residential items will be high-reaching because of the selection of the area. For obvious reasons facilities and infrastructure of these areas are incomparable with the other downtown popular units. Tricks To Make Your Apartment Look Bigger. Your friends and relatives applaud your choice of decors.
It all started when you finally purchased your dream home in Kolkata. Flats in Kolkata never misses a single occasion to raise your social image. Today’s real estate market of Kolkata is a property showcase of the globally acknowledged competent real estate companies. Mostly these days’ people with nuclear families tend to choose studio apartments within their budget restriction. Choosing these apartments unavoidably fetch space limitation.
The game of real estate. Gamification is the newest introduction to the real estate market.
Real estate business has brought in rewarding games to encourage real estate investors to participate in the real estate market. This is a playful and user-friendly invention to engage probable clients and investors and to connect with their sentiments. Finally A Green Signal For Kolkata’s Monorail Project. The major idea has come into the news once again after almost a decade of its commencement.
Burn Standard had submitted this proposal of monorail implementation almost 12 years ago. Central Govt. has finally made the plans performing to inaugurate city’s first ever monorail. RBI Reduces REPO Rate. How Much Will You Stock Against Home Loan? On 4th of October RBI cuts the REPO rate by 0.25%, but the bank has chosen to keep the CRR rate same as the previous years.
Previously the REPO rate was 6.50% now it has been changed to 6.25%. This entire modification is done keeping in mind the inflation data and the slow growth rate. How the banks act in response when they will have to cut off their lending rates is yet to be seen. Starting from month of January of the previous year RBI has slashed the REPO rate by 1.50%, accordingly banks reduced their lending rates by 0.5% approximately. Speaking about the definition REPO rate is a rate of interest at which banks borrow capital from RBI, whereas CRR is basic amount of capital or gold asset which Banks have to park mandatorily with RBI. After-effects on home loan borrowers With the reducing lending rate borrowers will gain on their existing home loans. Should We Invest In Real Estate During This Festive Season?
Mostly homebuyers in Kolkata wait for the festive season to start for availing the residential property sale in Kolkata where they could get the attractive discounts like- heavy concessions, free maintenance for certain period of time, free parking lot allocation, weighty discounts on registration and stamp duties.
Same as your daily using components property market has also some specific sale seasons where to attract homebuyers and to push the property market real estate construction companies offer alluring discounts on property items. Agenda Of This Year’s NAR-India Convention. For people who are searching properties or even for the real estate investors Indian real estate market has always been a rising sector. Country’s economy is largely dependent on the real estate sale, conceivably after agriculture. Approx 5-6% GDP comes from real estate sector. No Gold, No Mutual Fund, Invest In Property In This Festive Season. This Diwali real estate market of Kolkata brings excellent opportunities of investment for the property buyers.
Like the other prime investment sectors real estate items are also equally vital and favorable possessions. Basically real estate investment is done for cropping higher resale value or better rental return. Nevertheless every year during this auspicious occasion real estate market has decked-up with attractive offerings and heavy concessions to attract modern day property buyers. The entire property market waits for this festive season for market upsurge. Here are few reasons why you should invest in real estate sector in this Diwali- 1. 2.Company offerings– Indian companies generally give away bonus to their employees and mid-year appraisal during October. 3.Lower interest rate– Banks and financial organizations offer low interest on home loans to boost up real estate sale. Pre-Festive Purchase Spree On In The Capital. It’s been almost two years while the property market of Delhi hasn’t seen any remarkable improvement. As a capital city it was expected that people would show some positive outlay in the real estate segment in this festive season this year.
But monitoring the market growth of past couple of years there was no surety in this entire surmise. But to everyone’s true surprise the capital this year has started showing positive lights and inflow before the festive of lights. CREDAI claimed that the upsurge is currently on a revival mode. In Gurgaon around 2015 there was 10-15% upswing in the property market. 1St October onwards expectedly there will be further upturn. Home Loan Above Rs. 75 Lac Gets Cheaper. India’s central banking institution the Reserve Bank of India has reduced the weight-age on home loans above 75 lacs from 75 per cent to 50 per cent lately. RBI has taken this initiative to support banks for disbursing more volume of home loans for home buying in the big business cities. In its monetary policy RBI cites that residential property sale holds a central position through its forward and backward connection with country’s economy.
It has been fixed on as a counter cyclical measure to cut down risk weigh on verified categories. Standard asset provisioning on such loans will also be declined accordingly. RBI adhere the REPO rate at 6.25% and the Reverse Repo rate at 6% in its monetary policy review. Before this revelation it was apprehended that RBI will make delay in disclosing the rates. Time To Persist Income Declaration For Tax Benefit. Income declaration scheme 2016 came into force in 1st June, 2016. Mostly people think that income taxes are meant for taking a large piece out of their salary. In this tax declaration has chiefly prioritized fair market value. During his Independence Day speech PM Modi assured to end income tax fear from middle income group people. Many rich people who prepared to acknowledge their nameless holdings of stocks as well as real estate and gold under IDS to breathe a shy of relief, can now outlive those assets at least for some more time. As per the tax consultant team the fear 45% tax and penalty are making these people holding on their asset for a year or so for availing tax benefit.
Notified Real Estate Rule – What’s The Purpose? The regulatory authority will act like back-up for the consumer’s behalf and will clear up the pending cases within 2 months and accordingly they will take legitimate actions against erring construction company or the builder. ‘Modifying Economy’ – Impact On Real Estate Market After 500 And 1000 Notes’ Ban. It all started with an announcement of yesterday when Indian PM announced that Rs 500 and Rs 1000 rupee currency notes would be extracted from circulation at midnight to inhibit the corruption and counterfeit currency.
Real Estate In Torment Is Terrible News For Cement Companies. ET Intelligence Group: The administration’s demonetisation drive has influenced bond organizations seriously as they depend a ton on the land segment, which is enduring the worst part of this activity. Examiners have cut the profit per share (EPS) appraisals of concrete organizations for the following two fiscals somewhere around 10 and 20%. 2017 Will Introduce Deducted Home Loan Rates Nationally. Banks will likely to reduce the rates of home loans in the coming financial year. Draft Proposal Of New RERA Bill By West Bengal Government. Government of west bengal proposes new Rera bill which will likely to be implemented in 2017. the proposed bill is as follows: Smart City App To Enable Kolkata’s Next-Gen Real Estate Business. Country’s ‘Ease Of Doing Business’ Rankings Hit By Construction Delay. Indian economy is slowly getting back on the line with a fair ascend in the capital graph across the major cities. Environmental Clearance Won’t Create Exigency In Real Estate Development.
New Registration Rule Of West Bengal Under RERA. RERA was introduced to aim at enhancing property buyers’ right protection. New Tax Implementation Will Impact On Initial Revenue. Few Tips To Have A Safe Home. Land Agents and the Internet – How to Buy and Sell Real Estate Today. Purchasing your Dream Home in Kolkata. Your home is much more than BHK. It is safe to say that this is the ideal time to put resources into property in Kolkata? Service tax against under developed properties might go off. Impact on Inherent tax plan after passing GST Bill by Rajyasabha. Time To Persist Income Declaration For Tax Benefit. Draft Proposal Of New RERA Bill By West Bengal Government. New Tax Implementation Will Impact On Initial Revenue. Keep PAN, Aadhaar Helpful For Bullion And Jewellery Buys Above Rs 50K Post Budget 2017 !
What Realty Expects From Union budget 2017 ? Supreme Court: Claim Within 12 years, Else Lose Property To Squatter. MAHA Government Appeals To The High Court For Granting Extra FSI In Navi Mumbai. Government Aims To Build 51 Lac Houses Under PMAY (Gramin) In FY 18. New Residential Project Launch Dropped By 16% (January-March) Time To Persist Income Declaration For Tax Benefit. ‘Modifying Economy’ – Impact On Real Estate Market After 500 And 1000 Notes’ Ban. Real Estate In Torment Is Terrible News For Cement Companies. 5 Tips For Post Holi Cleaning For Your Home. Bihar Govt. Gives A Go-Ahead To Draft RERA Rules ! Time To Persist Income Declaration For Tax Benefit. Draft Proposal Of New RERA Bill By West Bengal Government. Keep PAN, Aadhaar Helpful For Bullion And Jewellery Buys Above Rs 50K Post Budget 2017 ! What Realty Expects From Union budget 2017 ? 200 Housing Projects Across The Country By CREDAI. GIS Mapping To Benefit The Digitization Of Chandigarh City.
Notices Issued contingent Upon Rs. 200-Crore Benami Property. RERA Torches On The Basic Principles Of Realty Business. CMs Of The States Are Asked To Implement RERA In ‘Letter And Spirit’ y Union housing minister M Venkaiah Naidu. Rajasthan Government Mandates Registration For Real Estate. Getting property in India becomes way easier and cheaper. Real estate portals comfort your search for a desired home. Quality real estate with Govt. authorization. What is Property Development? How far we know about it? Govt. to prop up provincial planning for housing demand. High pricing causes a big dent in the selling quotient, flats remain unused in Chennai. KMC is all set to offer an advanced online facility for vital civic services. Indian real estate market has been a fascinating investment for the foreign investors. Service tax against under developed properties might go off.
Bangalore attracts more private equity money investment. Time To Persist Income Declaration For Tax Benefit. Staggered Payments Will Slap on VAT For Maharashtra Homebuyers. DLF Might Come Under CCI’s “Cease And Desist’ Property Ads Should Contain RERA Registration Number Of The Builder From August – MAHA RERA. Unsafe Buildings Will Be Bulldozed Before Monsoon- BMC. It is safe to say that this is the ideal time to put resources into property in Kolkata? Amendment Of Public Premises (Eviction of Unauthorized Occupants) Act, 1971- Illegal Occupants Are Back To The Wall. CREDAI seeks dissolution of stamp duty on landed properties after GST implementation. DLF Might Come Under CCI’s “Cease And Desist’ 12 Lac More Affordable Housing In FY 18- PMAY. CREDAI seeks dissolution of stamp duty on landed properties after GST implementation.
Housing prices begin to fall as slowdown bites. GST Rarely Will Add Any Further Strain For The Homebuyers. Kolkata IT Department Catches On 300 Benami Properties. RERA Might Alter Existing Real Estate Agreements Connecting Land Owners, Builders & Investors. Karnataka to even up illegal construction on govt owned plot. Have a Look – Complete GST List Out Now! Escrow rules are applicable for co-promoters too: Maha RERA.
Revenue comes from rented apartments in India will be taxable in India. Major change in value rate: SBI to grant concession up to 35 bps construction loan to the builders. Bank of India to buy Standard Chartered's office space in Delhi. Housing prices begin to fall as slowdown bites. Real estate related cases highest at consumer court. Realty portals push many property brokers out of business. Jharkhand Wipes Out Registration Charges On Property In Woman’s Name. Home-buyers can now tap at any moment, at any stage of realty development. Maharashtra Govt. will scrutinize the ownership statues after RERA norms. 50% of the construction to be finished within 2 years to avoid fine-HUDA.
Environment Ministry limits ambit of clearances for realty projects. Housing prices begin to fall as slowdown bites. Real estate related cases highest at consumer court. 40,000 Low Cost Flats to be Built for Urban Poor: Delhi Government. Houses - Apartments - Flat for Sale Delhi. New Registration Rule Of West Bengal Under RERA.