Property Search
Member Login
 
 
 
Forgot Password? | Sign Up
Nashik Highlight « Back
Liases Foras Realty News Update Post on 2015-04-23

City:Ahmedabad

Gujarat commercial tax dept detects Rs 23 cr VAT evasion of builders
Posted:23 Apr 2015,Times of India,Piyush Mishra
AHMEDABAD: The state commercial tax department has detected Rs 23.27 crore of VAT evasion on 'work-contracts' from 40 builders and developers across Ahmedabad, Surat and Bhavnagar in last one week. The raids which began last week saw over 100 premises searched by commercial tax department officials...

City:Bangalore

Brigade Group launches Panorama in west Bengaluru
Posted:23 Apr 2015,Financial Chronicle,D Govardan
The upcoming project offers a total of 1,018 units that are a mix of 2BHK and 3BHK units of varied sizes Real estate major Brigade Group recently announced the launch of its latest project, Brigade Panorama, in west Bengaluru. The project, which is spread over 11 acres of land, will offer a...

Sobha to enter low Price homes segment
Posted:23 Apr 2015,Live Mint,Madhurima Nandy
The realtor which usually sells apartments in the range of Rs.1 crore, will now sell them for Rs.35-75 lakh Real estate developer Sobha Ltd will sell apartments for Rs.35-75 lakh, considered to be the lower price segment for homes, in a bid to gain a larger market share. The realty firm on...

City:Hyderabad

Prestige Group brings Disney to Hyderabad
Posted:23 Apr 2015,Financial Chronicle,B Krishna Mohan
The Prestige Group has launched Prestige High Fields, a Disney-themed residential property in Hyderabad. Spread over an area of about 20.66 acres and located near the financial district at Papalaguda, the property offers 2, 2.5, 3, 3.5 and 4 BHK apartments. In all, there will be 2240 flats in a...

City:MMR

Mumbai ranks 15th on global office skyscraper rents index Knight Franks Skyscraper 2015 Report
Posted:23 Apr 2015,The Economic Times,Kailash Babar
Mumbai, the commercial capital of the country, with office rents at $51.50 (Rs 3,241) per sq ft a year ranks 15th globally, according to the Knight Frank's Skyscraper 2015 Report. The study looks at the prime office rents of 18 markets across the globe. The annual rentals work out to average of...

Maharashtras decision to scrap Mumbais Development Plan 2034 to delay many projects
Posted:23 Apr 2015,The Economic Times,kailash Babar
aharashtra government's scrapping of the Mumbai Development plan may throw the realty market into further disarray, with deals for land parcels, redevelopment projects and even private equity transactions for financing these projects in Mumbai getting stuck due to lack of clarity on the city's...

EOW registers case against Rustomjee Group CMD
Posted:23 Apr 2015,The Asian Age,PARTH SATAM
Following a complaint by an investor, the EOW has registered a case against Boman R. Irani, CMD of the leading developer Rustomjee Group, another small-time builder and five committee members of the New DN Nagar CHS in an alleged Rs 7.70-crore cheating case. The case pertains to the redevelopment...

Hindalco said to seek $350 million selling real estate
Posted:23 Apr 2015,Livemint,Abhishek Shanker
The firm needs to pay as much as Rs 34,800 crore for the 4 blocks over 30 years, according to estimates based on data provided by MSTC. Billionaire Kumar Mangalam Birla is seeking to raise $350 million from the sale of land to help pay for coal mines his group won in government auctions last...

BMC blind to space, solutions?
Posted:23 Apr 2015,Hindustan Times,Chetna Yerunkar
The Brihanmumbai Municipal Corporation has repeatedly failed to plan infrastructure that will solve the problem of hawkers and pedestrians jostling for space in the city streets. While experts have suggested they be rehabilitated in hawker plazas and municipal markets, the BMC has failed to woo...

Realty firm Vijay Khetan to raise Rs. 1,500 crore
Posted:23 Apr 2015,Business Line,RAJESH KURUP
Parleys on with PE funds, institutional investors; will use funds to buy distressed land assets. Vijay Khetan Group plans to raise Rs. 1,500 crore from private equity funds and institutional investors, which would be used mainly to buy distressed land assets. The real estate company intends...

Realty firms borrow more to refinance debt
Posted:23 Apr 2015,Livemint,Madhurima Nandy
Analysts worry that if sales don't pick up in six-nine months, builders may delay or default on these loans Non-banking financial companies (NBFCs) and private equity (PE) funds are lending to real estate developers at a frenetic pace, with refinancing of loans making up a bulk of such...

MCGM should be nodal planning body for Mumbai: Shiv Sena
Posted:23 Apr 2015,Business Standard,PTI
Shiv Sena leader and Maharashtra industries minister Subhash Desai today said the Municipal Corporation of Greater Mumbai should be made the nodal planning agency for the city. MCGM is controlled by Shiv Sena, in alliance with BJP. "We have a number of special planning authorities for the...

Bespoke pads to crown new Mumbai highrise
Posted:23 Apr 2015,Financial Chronicle,Michael Gonsalves
Ahuja Constructions, the Mumbai-based real estate developer, has launched a new iconic residential project called Ahuja Towers in Worli in Mumbai. The project comprises a 53-storey tower offering 78 apartments, including 'The Seven's Heaven', bespoke collection of seven exclusive apartments on...

City:NCR

27 urban bodies go for online building plan sanctions
Posted:23 Apr 2015,Business Line,NAVADHA PANDEY
As many as 27 urban bodies, including municipal corporations and urban development authorities, have put in place online building plan sanctions, the Minister of State for Urban Development, Babul Supriyo, said in a written reply in the Lok Sabha on Wednesday. The initiative will help in...

Supertech may list six malls as REIT to raise Rs 500 crore
Posted:23 Apr 2015,The Economic Times,Deepak Goel
Real-estate firm Supertech is looking to pool six of its operational and rented out malls to list them as a real estate investment trust (REIT) in India to raise close to Rs 500 crore in 2015-16, its chairman said. The company has 2 million sq ft of retail space spread across the six malls two in...

Fields shrink amid realty boom, water crisis
Posted:23 Apr 2015,Times of India,Maria Akram
NEW DELHI: The city's grain bowl is shrinking. In the past one-and-a-half years about 700 acres of farmland in Najafgarh, southwest Delhi has been sold off for other uses, officials at the sub-registrar's office say. One reason is the boom in property prices. Like their counterparts in Noida and...

City:Thiruvananthapuram

Building tax hike withdrawn
Posted:23 Apr 2015,The Hindu,SPECIAL CORRESPONDENT
Tariff that prevailed before April 1, 2013 stands. Bowing to pressure, the State Cabinet on Wednesday decided to withdraw its decision to hike building tax rates and restore the tariff that prevailed before April 1, 2013. This decision will be applicable to all houses with a dimension of...