China’s property investment rose more slowly in 2020 from a year earlier although the rate of growth remained robust, official data showed on 18th January. Real estate investment in China rose 7.0% in 2020 from a year earlier, accelerating from a 6.8% gain in the first 11 months of the year, ... Read more...
The West Bengal Authority of Advance Ruling (AAR) ruled that the Input Tax Credit (ITC) is available on works contract service to Kolkata Municipal Corporation for the construction of the immovable property. The applicant, Sital Kumar Poddar is supplying works contract service to Kolkata Municipa... Read more...
Owing to its proximity to the IT corridor – six km from Hi Tec City — Hafeezpet has seen significant rise in demand, especially over the last seven-eight years. Predictably, this mid-segment residential pocket, located off the Old Mumbai Highway, is home to a large group of migrant and local pop... Read more...
Sunil Vachani, chairman and Managing Director of Dixon Technologies, has bought a sprawling 1,250 square yard bungalow in Lutyens’ Delhi for around Rs 170 crore in one of the biggest residential transactions since the lockdown. At Rs 1.5 lakh per square foot, the deal is also one of the costliest ... Read more...
Homes in housing estates catering to middle-income earners offer the best value for bargain hunters in Hong Kong with prices headed for their first drop in 12 years, industry analysts said. Increasing emigration, coupled with shrinking headcounts at multinational companies in the city, could ensu... Read more...
In the world’s least affordable housing market, one in eight homes sold is a nano apartment, a term widely used to describe tiny homes in Hong Kong. A record 13 per cent of apartments sold in 2019 were less than 260 square feet, or smaller than two car-parking spaces, according to a report by Libe... Read more...
Hemisphere Properties, the company demerged with the surplus land of VSNL (now Tata Communications Ltd), has announced that the value of its land parcels which can be monetized is to the tune of Rs 19,000 crore based on current circle rate prices. There is a possibility of the company partnering ... Read more...
In a decision to protect the rights of property owners by checking fraudulent transfers, the Haryana government has issued a notification amending the Haryana Registration Manual. Additional Chief Secretary and Financial Commissioner, Revenue and Disaster Management Department, Sanjeev Kaushal sa... Read more...
According to a Kolkata Municipal Corporation (KMC) assessment department official the online system was introduced for those we want a simple mutation where the property is not litigated or disputed. However, once an application is filed online, the applicant needs to visit the KMC offices (either b... Read more...
Property sales in NCR declined 51% in 2020 compared with 2019. A year-end report released by property consultants, Anarock, revealed that compared to 46,920 units sold in NCR during 2019, only 23,210 units have sold in 2020. Nationally, the decline in unit-wise sale of property has been marked at... Read more...