Welcome, Guest    
Login  Contact Us RSS Feeds
  Add Property                
Register Free to find a Perfect life partner In AnytimeMatrimony | Equated Monthly Installment(EMI) Calculator | Stamp Duty Calculator | Area Conversion Calculator | Know answer for your Taxation query | Ask Legal Advice @ Free of cost | Vaastu Tips
FAQ Sitemap
Newsletter Signup
Subscribe for our property news letter

News Search
Type a keyword to search.


Select a city to search property news.

News Archieves
September 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
September 2008
June 2008
February 2008
January 2008
December 2007
November 2007
External Links
 ICICI Home Loans
 LIC Housing
 HDFC Home Loans
 SBI Home Loans
 Axis Bank Home Loans
 Tamilnadu Govt Links
adProperty News For March 2010

Harsh on realty
Source : Business Line Published On : 2010-03-01 City : New Delhi

In recent years, this is probably the only Budget that has impacted the real estate sector in such a big way. The proposals seek to mop-up significant amounts by way of taxes and duties from the real estate sector, be it residential or commercial projects.

While the Budget proposes to continue the 1 per cent interest rate subvention on housing loans granted for purchase of low-cost houses, it has no other incentive policy announcements for the affordable housing sector.

Service tax...

  Read More

Construction services tax to raise cost of apartments
Source : The Economic Times Published On : 2010-03-01 City : Mumbai

The Budget proposals have thrown up a dampener for the housing industry. Construction services have now been brought under the ambit of the service tax in an unexpected move that would raise cost of apartments that are still under construction.

As per the Budget proposal, the finance ministry has suggested that construction would be deemed to be a taxable service if the building or complex is still under construction and approval from the concerned regulatory authority which in most cases is the resident municipal authority hasn’t yet been granted.

The levy would cover all construction of complex service or commercial or industrial construction services, the Finance Bill suggested....

  Read More

Base rate to come into effect after april rbi
Source : The Economic Times Published On : 2010-03-02 City : Mumbai

Reserve Bank of India RBI has indicated that it will take longer than April to implement base rate scheme the new system to calculate the minimum lending rate for customers.

This was indicated by RBI deputy governor Usha Thorat while speaking to media on Friday. In fact, even Indian Banks Association IBA had asked RBI to extend the deadline for base rate implementation by banks by three months to July.

The base rate has to be calculated on a cost based formula and would be lower than the PLR. While banks are free to charge a risk spread over the base rate they cannot lend below the rate....

  Read More

Mumbai developers await amendment of fsi policy
Source : PW India Published On : 2010-03-02 City : Mumbai

Last few months have witnessed a drop in proposals for buildings in Mumbai, with developers keeping their plans on hold in anticipation of a policy that would give them a high vertical limit.

The Maharashtra government had promised an FSI increase on the eve of the Assembly election; hence developers were eagerly looking forwards for it. Section 33 (7) of Development Control Regulations would be amended to incfease the FSI from 2.5 to 3 for development of 19,000 cessed structures in the island city.

In January, the department received 29 proposals against an average of around 80. G South Ward Worli-Parel, which had 14 proposals in January 2009, got one in the same month this year. Wards E Byculla, B Dongri, G North Dadar- Mahim, F South Sion-Sewri and D Malabar Hill- Napean Sea Road have got one or two proposals each in January.

Once the government freezes on the policy, the saleable component for builders redeveloping such property will go up considerably.

  Read More

Slums in crz ii zone to get higher fsi
Source : PW India Published On : 2010-03-02 City : Mumbai

Slums in upscale areas like Cuffe Parade, Walkeshwar, Bandra, Juhu, and Versova falling in the Coastal Regulatory Zone II could soon have more land available for development. The Ministery of housing has proposed a Floor Space Index FSI of 2.5 for redevelopment of slums falling in CRZ II.

According to the ministry’s estimates, there are over one lakh hutments in this area, occupying about one crore sq ft of expensive land, which is now being made available for redevelopment. The FSI in CRZ as on date is 1.33.

Since these hutments are in cramped conditions, developers need to build more in the same area to accommodate slum dwellers and are left with very little area to sell in the open market.

According to Sachin Ahir, minister of state for housing they were approaching the Union Ministry for Environment and Forests to sanction the proposal of more FSI and make redevelopment here more viable. Since land for development in the city is limited, we need to take such steps to create more housing, said Ahir....

  Read More

Pages : 1 of 34  of 34 Go  Next »


More on Anytimeproperty
City Based Properties
Useful Tools Property News Search Property Calculators Others
© 2019 Any Time Property All Rights Reserved. Home | About Us | Advertise | Testimonials | Help & Support | Contact Us | Careers | FAQ | Feedback | Sitemap
Privacy Policy | Terms and Conditions Developed by Snick Technologies