Neral-Matheran in Maharashtra is predicted to have a 5X return on land investment, followed by Sanand-Nal Sarovar in Gujarat and ECR in Chennai at 3.5X. Mumbai, Hyderabad, Ahmedabad, Chennai, and Kolkata have emerged as cities witnessing huge growth in India, according to the Colliers Report.
FY23 created a new record for the highest sales volume across the top seven cities with approximately 3.79 lakh units sold—36 per cent higher than the previous year. Here is a look at the reasons behind the same and what we can anticipate in the next few quarters
Even if the property prices around the globe are on all-time low the investments in property market in India are still on a rise. To make the best out of this situation, the NRI’s or the Non Resident Indians find it a lucrative investment opportunity to buy property in India.
The real estate market in West Bengal is experiencing a high trend, and this includes a notable increase in luxury real estate property sales in Kolkata. In the period between January and March 2022, the number of flats sold in Kolkata reached 3,810, which is almost three times higher compared to the previous year when only 1,320 flats were sold.
The luxury real estate market in West Bengal is dynamic. From suburban to semi-urban, real estate companies are showing interest to develop luxury properties because West Bengal has a high demand for upscale real estate properties. Kolkata has significantly transformed into the most emerging real estate market.
The real estate market relies heavily on the surrounding infrastructure, including transportation systems and utilities, which greatly influence its overall performance and success. The vitality of this sector, as a crucial component of the economy, is intricately linked to the quality and accessibility of the infrastructure supporting it.
The Indian real estate saw a significant bounce back from the aftermath of the Covid-19 pandemic. The incentives announced by the government and lower interest rates fuelled the dream of owning a home among Indian families
The stamp duty cut for documents which complete registration between 9th July 2021 to 30th October 2021. Coupled with a 10% reduction in circle rates, the fence sitters are now getting back to the market to seal the deals
The Times of India Group presents the first-ever Virtual Real Estate Expo for NRIs – showcasing the finest properties across Kolkata in partnership with Emami Realty & Rajwada Group as Platinum Sponsors and Magnolia Infrastructure Development Ltd. & Shivom Realty as Gold Sponsors.
Real estate brokers form a large part of the real estate segment and they are typically the face of the industry. One company that strongly believes in this is eXp India. One the fastest-growing real estate tech companies in the world, eXp Realty offers a unique financial model for these residential and commercial real estate agents by going beyond attractive commissions to provide their agents with revenue share and equity ownership opportunities. The company’s cloud-based virtual environment and customized technology platform that enhances virtual prospecting, sales, training and communications for agents, is set to revolutionize the Indian market. The Sunday Guardian spoke to Shashank Vashishtha, Executive Director, eXp India, on several topics
The most common doubts that can be served along with the morning breakfast to an NRI would be around filing Income Tax Returns. Many NRIs from all around the world repeatedly ask our taxation experts whether they need to file their ITRs in India or not! Is it mandatory? Differences between various ITR Forms for NRIs? How can they manage double taxation on the same income source and whatnot! In this article, let’s answer these basic doubts along with understanding the aspects of NRI Income Tax e-filing and its benefits. Yes! That’s right. Not only filing your returns in India as an NRI is easy and convenient but beneficial for you as well. The Union Budget of 2021-22 has eased the processes further with certain relaxations for NRIs. Let’s glance through the top 10 benefits of filing ITR for an NRI
“We have placed the proposal before the government and expecting it to be cleared very soon. The plan is to replace all old sodium vapour lights with LED lights,” said Bidhannagar board of administrators member Sudhir Saha.
"We have not made any major changes to the bill that was discussed and passed earlier by this House, other than certain minor things, giving some clarity with clarifications," Revenue Minister R Ashoka said.
The Kolkata Municipal Corporation (KMC) has decided to launch an e-mutation service in the coming months. This will allow residents to apply for mutation digitally without much hassle and reduce the overall approval cycle.
In a bid to ensure rapid registration of properties, the West Bengal government has launched an online registration portal. The move aims at simplifying the registration process for the property owners and reopening the revenue channels for the State.
The design for the Ruby Flyover from Kalikapur to VIP Bazaar on EM Bypass in Kolkata is almost ready, and the construction work on the stretch would begin soon. The tallest flyover in the city, Ruby Flyover would comprise six lanes and would be available for public use in three years.
The Lucknow Development Authority (LDA) has prepared the plan for the creation of a township of 6,000 residential units. Around 22,000 people are expected to receive accommodation in these units, and 1,500 commercial units would be included in the township.
“As the errant builders were showing this interim order and were preventing the demolition of even those patently illegal buildings, we brought this anomaly to the notice of the court,” said Sivaraju Srinivas, the counsel for the petitioner.
The study done by IIM, Bangalore has estimated that states’ revenue won’t be hit due to this as they would generate more since several lakhs of additional houses are expected to be built under Housing For All (HFA) with direct or indirect central subsidies.
Construction firms cut jobs for the 17th month running, although at a slower rate than in July. Still, most companies held out hope for better days ahead as the survey's gauge of business optimism rose to a six-month high.
The Anand Mahindra group company which runs hotels and resorts under the Club Mahindra brand was in advanced discussions for the purchase of the resort that is operated by Novotel and owned by the Imagicaaworld group.
The elevated Metro corridor will now run along the periphery of Airport land parallel to VIP Road before it goes underground to reach the station where it will have an interface with Noapara-Airport Metro.