Property News from IndianRealtyNews

Property News from IndianRealtyNews

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9.2% Rise in Pune Property Prices

Posted: 28 Apr 2010 10:23 PM PDT

Property prices in Pune went up by 9.2% in the last quarter, making the city one of the only three in the country to see a rise. Apart from Pune, Ahmedabad and Kolkata saw a price rise in the January to March quarter. In Mumbai, the prices dropped by 2% in the first quarter, while [...]

Residential Prices in Mumbai going Sky-high once Again

Posted: 27 Apr 2010 11:35 PM PDT

Apartments at Ashok Towers in the Parel area of Mumbai command a price of Rs 28,000-29,000 a sq ft. This is higher than what developers were charging at the peak of the property market boom during 2007-08. The prices then were Rs 25,000-26,000 a sq ft. During the slowdown in 2008-09, the rates had come [...]

Unitech Takes Advantage of Revival in Affordable Housing- Sells Properties worth Rs 7033cr

Posted: 27 Apr 2010 11:19 PM PDT

Unitech Ltd has sold properties worth Rs 7,033 crore during the last fiscal on the back of a revival in housing demand, particularly in the affordable segment. In a presentation to investors, the company said it has become a key player in all four metros. Earlier, Unitech had a greater presence in the national capital region [...]

Service Tax on Real Estate can be Reconsidered- Ministry

Posted: 27 Apr 2010 10:49 PM PDT

The Urban Development Minister, Jaipal Reddy, will soon take up with the Finance Ministry, the contentious issue of service tax imposition in the real estate sector proposed in the Budget. This assumes significance as the service tax imposition can translate into a three-four per cent increase in the cost of under-construction apartments for most home buyers. "The [...]

Saffronart Partners with Cushman & Wakefield for Online Sales of Premium Residential Properties

Posted: 27 Apr 2010 09:57 PM PDT

A Rs 26 crore (Rs 260 million) luxurious flat with a stunning sea view in South Mumbai or a duplex apartment in Bangalore can now be bought at just a click of the mouse. Saffronart, the online portal that sells art and jewellery, has joined hands with real estate services firm Cushman & Wakefield for [...]

GMC’s Plan to Impose Service Tax can cause Hike in Gurgaon Realty Prices

Posted: 27 Apr 2010 09:51 PM PDT

Owning property in Gurgaon is set to become more expensive with the Gurgaon Municipal Corporation (GMC) planning to impose property tax. Gurgaon, located in the National Capital Region, has for long been the cradle of private property developers and is also known as the IT city of Haryana. Municipal Commissioner of MCG, Rajesh Khullar said the [...]

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