Sunday , 22 October 2017
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Real Estate

Sub-registrar arrested for real estate fraud

HYDERABAD: Kukatpally sub-registrar Rachakonda Srinivasa Rao and two honchos of real estate firms were arrested on Sunday for fraudulently transferring 693 acres of government land in favour of the two companies, causing a loss to the tune of Rs 587 crore to the government. Cyberabad police, in an official release issued here, said Rachakonda Srinivas Rao, sub-registrar of Kukatpally, Trinity ... Read More »

Mumbai property: To make housing affordable, BMC eyes real estate market booster shot

According to the report, the BMC, following long and detailed discussions with the Maharashtra Chamber of Housing Industry (MCHI) on May 19 has plans to reduce the costs of rising projects for builders. (Reuters) Mumbai property slowdown: The Brihanmumbai Municipal Corporation (BMC) may reduce a few charges and penalties that have been levied upon builders to counter the slowdown in ... Read More »

J&K may be first to bring real estate under new regime

SRINAGAR: Jammu & Kashmir may be the first state in the country to bring real estatewithin the ambit of goods and services tax (GST) when it enacts laws to integrate its indirect tax regime with other states, state finance minister Haseeb Drabu indicated. While the Centre and the states had amended the Constitution to move to GST, J&K will have ... Read More »

These Cities Are the 10 Biggest Comeback Stories in U.S. Real Estate

MasterLu/iStock; realtor.com Everyone loves a great comeback story. And there are plenty to go around. Rocky. Steve Jobs. The Chicago Cubs. Jesus. Lil Bub (Google her!). And, with apologies to Jesus, perhaps the most impressive comeback of all, the one that hits us exactly where we live: the housing industry. After all, the 2007 real estate crash was a trauma that cut a wide ... Read More »

Foreign Banks Reduce Lending to U.K. Commercial Real Estate

North American banks cut new lending for U.K. commercial property by more than half last year as a market slowdown reduced the number of big deals being done. Banks focused more on refinancing existing loans than extending new credit, a trend that favored domestic firms, according to a survey of 77 lenders by De Montfort University. U.K. banks and building societies were ... Read More »

Young investors get into property a brick at a time

Young Australians, many put off by the rising cost of property, make-up around 50% of the customers for fintech startup BRICKX. The survey of over 1,000 of the company’s 3,120 members found that half are aged under 35 and of that group, 74% have never owned property before investing in BRICKX. The company buys Australian residential properties and separates each into ... Read More »

Maharashtra announces new real estate norms, first regulator from May 1

India will soon be getting its first real estate regulator and developers will have to toe the line or face severe penalties. The Maharashtra government on Thursday announced the rules for its regulator, ahead of the various state regulators coming into effect. Maharashtra’s real estate regulator will come into force on May 1.  The rules are as follows: The state ... Read More »

Impact of GST on Real Estate

The impact of GST on real estate will depend upon the abatement allowed on agreement value, says CRISIL survey. From the point of view of consumers, the impact of GST on the real estate sector will hinge on its effective implementation rate. In the residential segment, completed properties do not attract service tax and so will have no impact of ... Read More »

Sale of Daniel and Danielle Besen’s Flinders weekender confirmed for just under $20m

THE lavish beachside mansion of Daniel and Danielle Besen has officially sold, for an eye-watering figure just shy of its $20 million price expectations. The seven-bedroom Miramar in Flinders went under offer in early March, shortly after its expressions of interest campaign ended. But the Herald Sun understands the sale was only recently finalised, with an international buyer paying about ... Read More »

Drone photography takes the real estate business to new heights

The best real estate agents know that presentation is key in attracting serious buyers. And the bigger the property, the more ambitious the marketing plan needs to be. Today’s savvy buyers do their research online before they even pick up the phone to call an agent. Any agent working to sell a luxury property makes significant upfront investments in professional ... Read More »