The Madras High Court, on November 22, 2016, directed the Inspector General of Registration of Chennai zone, to issue orders to all jurisdictional registrars, not to register any document related to Pallikaranai marshlands in … READ FULL STORY
To provide housing finance options to National Pension System (NPS) subscribers, the pension fund regulator has set up a committee to look into the proposal, a senior executive announced. “We are looking at possibility … READ FULL STORY
Piramal Group’s financial services arm, Piramal Fund Management (PFM), plans to expand its portfolio in the commercial segment, by offering flexi lease rental discounting (LRD) for completed commercial assets and is targeting a book … READ FULL STORY
Mumbai has a new Transfer of Development Rights (TDR) policy that is linked to the width of the road beside the project’s site. As per the new policy, projects on roads that are less … READ FULL STORY
In mid-2015, a report predicted a 50% crash in real estate prices. The logic used, was that the rental yield on real estate is very low as compared to the interest rates on bonds. … READ FULL STORY
In view of the cash crunch being faced by borrowers, the Reserve Bank of India (RBI), on November 21, 2016, provided an additional 60 days, for the repayment of housing, car, farm and other … READ FULL STORY
The collection of taxes and arrears by urban local bodies from citizens, in the form of demonetised currency notes, crossed the Rs 1,000-crore mark, on November 21, 2016. The time for accepting demonetised notes … READ FULL STORY
This year’s Investment Prospects survey, has revealed a strong shift towards emerging market destinations, with two Indian cities Bengaluru and Mumbai topping a list that also includes Vietnam, the Philippines and Shenzhen (in China), … READ FULL STORY
An analysis of data from the Ministry of Urban Development, for 22 corporations across the country, revealed that there was 312.04% increase in revenues in November 2016 (till 19th November), over the receipts they … READ FULL STORY
Commenting on reports of a likely huge slide in prices of property in the coming months, due to the anti-black money drive of the union government, Niranjan Hiranandani, managing director of the Hiranandani Group … READ FULL STORY
The Supreme Court, on November 18, 2016, stayed all the upcoming meetings of home buyers of Unitech Ltd, for giving their approval or disapproval to a proposed compromise scheme forwarded by the company, to … READ FULL STORY
The union government’s recent decision to demonetise Rs 500 and Rs 1,000 notes, has hit stamp duty collection in Maharashtra, which is already down by 37% across the state, the Inspector General of Registration … READ FULL STORY
Diwakar Sharma bought an apartment in a Delhi-NCR project on the recommendation of his colleague. Prima facie, there has been nothing to suspect about a project where most of his colleagues have bought homes … READ FULL STORY
