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...
Zac Efron recently listed his perch in the hills of Los Feliz for $5.9 million. A sale would cap a seven-year stay for Efron, who paid $4 million for the property in 2013. He made some changes during his time there, updating the swimming pool and spa with a waterfall to take advantage of the scenic ... Read more...
Maharashtra Government has reduced stamp duty on lease agreements of immovable property applicable for 29 and more years to 2% from 5% in Mumbai till December 31 and it will be 3% from January 1 to March 31. This is on the lines of stamp duty reduction which was introduced in two tranches from Septe... Read more...
The 2,700-acre property in Los Olivos, near Santa Barbara was sold for $22 million to Burkle, an associate of the late pop star and co-founder of the investment firm Yucaipa Companies. The asking price of the property was $100 million in 2016 then dropped to $67 million a year later. In addition t... Read more...
Dubai Tourism has been mandated to develop the framework for the selling, marketing and management of properties sold under ‘timeshare’ programs. As part of this, Dubai will also be listing all such residential units under such schemes as the emirate seeks to realize the full potential of timesh... Read more...
Prestige Estates is in advanced stages of signing a joint development deal with Century Real Estate for a 16-acre land parcel in the capital city of Karnataka. The parcel, owned by Century, is located in Hebbal area of Bengaluru and is valued at around Rs 600 crore. The land has a development val... Read more...