Press Trust of India (PTI), headquartered in New Delhi, is India’s largest news agency. It was registered in 1947 and started operations in 1949. PTI has more than 400 journalists and 500 stringers, who generate more than 2,000 stories and 200 photographs every day. Subscribers to PTI’s feed include the mainstream media, research groups, specialised presses, companies, government organisations and NGOs.
Receipts of tax on sale of land and buildings, conversion to freehold, development charges from private parties, car parking charges, trade licenses, booking of community centers for weddings, tax on advertisement and registration of … READ FULL STORY
Genuine buyers in the residential real estate market, appear to be holding back their purchase plans, on hopes that the interest rates would fall further and the property prices would plunge, post demonetisation, which … READ FULL STORY
As it looks at ways to attract more investors into the capital market, the Securities and Exchange Board of India (SEBI) board, has allowed mutual funds to invest in real estate investment trusts (REITs) … READ FULL STORY
Legislators from Mumbai’s suburban districts, on January 9, 2017, opposed any hike in the Ready Reckoner rates, during a meeting called by Collector DS Kushwa. Only three legislators – former minister Mohammed Arif Naseem … READ FULL STORY
The Madras High Court has refused to relax the ban on the registration of unapproved plots in Tamil Nadu, saying that the whole endeavour was to untangle the mess created by indiscriminate conversion of … READ FULL STORY
According to a report by property consultant Cushman & Wakefield, in 2016, the supply of retail space touched a five-year high to 5.3 million sq ft across eight cities. “Retail mall spaces have seen … READ FULL STORY
Pointing out that the maximum damage to mangrove areas, have taken place in Colaba, Worli and Malvani, the Mangrove Cell of the Maharashtra government is likely to start fencing these areas by February 2017. … READ FULL STORY
Housing.com and Tata Housing, a subsidiary of Tata Sons Limited, have signed a multi-level strategic partnership deal, in which Housing.com will create an exclusive, integrated, pan-India brand platform, showcasing the real estate major’s current … READ FULL STORY
Refusing to stay a December 9, 2016, notification issued by the Ministry of Environment and Forests (MoEF), exempting real estate projects from obtaining prior environmental clearance, a bench headed by NGT chief justice Swatanter … READ FULL STORY
The Railways has sent a letter to the West Bengal government, stating that from now on, the state has to take responsibilities of all ongoing and upcoming projects of the suburban system, as well … READ FULL STORY
The South Delhi Municipal Corporation (SDMC), on December 21, 2016, started distributing unique property identification code (UPIC) cards to the 16 lakh property holders under its jurisdiction. The UPIC cards have been provided with … READ FULL STORY
With the real estate sector in India going through a rough patch, Dubai’s property market could stand to gain, as an attractive investment destination. “The key triggers that attract Indians to Dubai are its … READ FULL STORY
Taking markets by surprise, the Reserve Bank of India (RBI) governor Urjit Patel, on December 7, 2016, kept short-term lending rates unchanged, even as the central bank lowered GDP growth rate to 7.1% and … READ FULL STORY
