July 2018

What is Carpet Area in RERA & how it affects Buyers and Property Prices?

Carpet area and how it will affect buyers and property prices: The area of a property is often calculated in three different ways – carpet area, built-up area and super built-up area. Hence, when it comes to buying a property, this can leads to a lot of disconnects, between what you pay and what you actually get.  Not surprisingly, the maximum number of cases registered in the consumer courts, are...

RERA Covers All Past Real Estate Projects

The chairman of Haryana RERA’s Gurgaon bench has said the real estate law applies to all projects, irrespective of the date of completion. This means anyone with a grievance against a realtor can approach the Real Estate Regulatory Authority and the complaint will be taken up. KK Khandelwal said that RERA can adjudicate in any dispute between a seller and a buyer in a real estate project, even if that...

Amrapali in talks to complete its under-construction projects with NBCC

Amrapali today said in the Supreme Court that it is in talks with National Buildings Construction Corporation (NBCC) to take over and complete it's under construction projects. The statement comes after a committee was set up by the Uttar Pradesh government last week, which asked NBCC to explore the possibility of completing the much-delayed projects of Amrapali and few other builders. NBCC through its...

Where to invest? Commercial or Residential!

If you are an investor, you stand to gain higher returns from a commercial property. In any kind of real estate investment, there are two kinds of returns that you can expect - rentals and capital appreciation. The returns vary depending upon whether it's a residential or a commercial piece of property. "Statistically speaking, a commercial property gives estimates returns of about 5.5 per cent of the...

India’s office leasing crosses 20 million sq ft in the first half of 2018: Report

Office leasing activity across India’s top 9 markets rose more than 10%, with the total leasing of over 20 million sq ft during the first half of 2018. Bangalore along with Delhi-NCR, Hyderabad and Mumbai led the leasing activity with 80% share, showed data from CBRE South Asia. Continuing the trend, office space take-up was dominated by small- and medium-sized transactions. Small-sized transactions...

Stamp Duty and its Charges on Property? You Should Know About This.

Stamp duty is a government tax that is imposed on property transactions. It is payable under the Section 3 of the Indian Stamp Act, 1899. One needs to pay the stamp duty at the time of property registration. The amount of stamp duty varies from city to city and also according to the real estate type. Since stamp duty is added to the cost of the property, it is better to have an idea before you finalize...

Delhi’s Connaught Place World’s Ninth Most Expensive Office Area: Report

Connaught Place in Delhi is the ninth most expensive office location in the world, a CBRE report said here on Wednesday. "Delhi's Connaught Place moved one notch up to be the ninth most expensive office location with an annual prime rent of $153.26 per square feet from last year's tenth most expensive office location," said the report titled "Global Prime Office Occupancy Costs 2018". Meanwhile, Mumbai's...

PE investments in Indian real estate hit Rs 59,100 cr in 2017: Knight Frank

Even as real estate in India has struggled over the past few years, private equity investors appear quite optimistic about its prospects. A report by Knight Frank says that PE investments in real estate rose from Rs 17,200 crore in 2014 to Rs 59,100 crore, a growth of a whopping 36 per cent compounded. Much of the PE investments found their way into a commercial real estate. Since 2011, a total of Rs...

Indiabulls Real Estate to buy back shares

Realty developer Indiabulls Real Estate has approved the proposal to buy-back up to 2.6 crore equity shares of the company aggregating up to Rs 624 crore. The maximum size of the buy-back is around 5.45% of existing paid-up share capital of the company, the developer said in a regulatory filing. The maximum offer price for the proposed buyback will be the prevailing market price on stock exchanges...

Manesar Land Scam: 3,600 Claims For Plots, Flats On Government’s Table

The government has received around 3,600 claims for plots and flats that were ensnared in the Manesar land scam, according to a reply to an RTI query. In March this year, the Supreme Court ordered that the ownership of 688 acres of land that the Bhupinder Singh Hooda government had issued an acquisition notification for in 2004 but withdrawn subsequently — triggering distress sales in the interim to...

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