In a big tax relief for Delhi’s unauthorised colonies that were regularised last year, the government has exempted owners from income tax even if they had purchased land or house at rates below the prevailing market price. The government had last year legalised unauthorised colonies in the nati... Read more...
Jun 2020 ,
by Realty Plus in INTERNATIONAL
The fraying relations between Beijing and Canberra are likely to worsen the Australian real estate market that relies on Chinese money for its recent vigour. For a start, the cost may be to the tune of A$715 million (US$494 million) by one estimate. The row over a host of issues, from the coronav... Read more...
With the lockdown looking at yet another extension, lease rentals between Rs 250 and Rs 300 a sq ft per month may come under pressure as per property experts. The rents could decline by at least 20% to 30% as companies cut costs and retrench employees. Corporates occupying large floor plates may ... Read more...
May 2020 ,
by Realty Plus in INTERNATIONAL
Home prices are holding up during the coronavirus pandemic despite lockdowns. The most recent sign of resiliency comes from the Teranet-National Bank House Price Index for April, a composite of 11 major markets, is up 5.3 per cent from a year earlier. It’s up 1.3 cent compared to the previous mont... Read more...
May 2020 ,
by Realty Plus in Press Room
A Sector That Has Been Long Overlooked Is Delivering Essential Facility Services To Suppress The Covid-19 Outbreak. We Look At What Facilities Management Companies Are Doing To Help. With each passing day, facilities management firms are stepping forward to help in the fight against the novel cor... Read more...
May 2020 ,
by Realty Plus in INTERNATIONAL
Surveyors have urged the government to give home buyers a stamp duty holiday amid fears that UK house prices could crash by as much as 13 per cent as confidence dries up due to the coronavirus pandemic. The Royal Institution of Chartered Surveyors (Rics) reiterated its calls to scrap the tax on prop... Read more...
May 2020 ,
by Realty Plus in INTERNATIONAL
Dubai property developer Nakheel has slashed salaries by as much as 50% as it tries to weather the coronavirus crisis, according to media agencies. Dubai has faced a slowdown in its property sector for most of the previous decade as the global financial crisis and weak oil prices left the regional b... Read more...
Apr 2020 ,
by Realty Plus in INTERNATIONAL
Apartment sales in Moscow jumped by a nearly a third last month as Russians rushed to protect their money as the rouble crashed, according to official data. The federal service for property registration, said on Tuesday that a total of 14,801 sales of already built apartments, the secondary market, ... Read more...
Apr 2020 ,
by Realty Plus in News/Views
Speaking at a NAREDCO discussion, Maharashtra former Chief Minister said, “The present government should bring down the Ready Reckoner Rate drastically to 40% for the specific time period. Reducing the ready reckoner rate to 5% - 10% cannot suffice the sector.” Commenting on the banking &... Read more...
Apr 2020 ,
by Realty Plus in INTERNATIONAL
Texas home sales are still on the rise despite the COVID-19 pandemic. With many people losing their job or being furloughed due to the virus, home sales in Amarillo and across Texas are still doing well. The states real estate market took a bad turn south at that point in time, but even through t... Read more...