Category: Real Estate News

Regular newsletters compiled and published by Spacio Realtors covering important and newsworthy updates related to Indian real estate and Mumbai in particular.


 

Realty News August 2018 Issue 2

August 2018 Vol 02 Stable rates and lucrative discounts attract property buyers The ‘wait and watch’ approach among residential property buyers is becoming less popular as the realty market has witnessed a slight rise in sales in the last few months. Industry experts attribute this increase to the stable property rates and numerous discounts that […]

Realty News August 2018 Issue 1

August 2018 Vol 01 Deduct TDS when buying a property from NRIs The income tax (I-T) department says it will focus on tax deducted at source (TDS), especially in case of sale of property by non-resident Indians (NRIs), according to media reports. Both NRIs and those who make payouts to them need to understand the […]

Realty News July 2018 Issue 2

July 2018 Vol 02 Office Leasing Activity in Top 9 Markets Rises Over 10% in H1 Office leasing activity across India’s top nine markets rose more than 10%, with a total leasing of over 20-million sq ft in the first half of 2018. Bengaluru, Delhi-NCR, Hyderabad, and Mumbai led the leasing activity with 80% share, […]

Realty News July 2018 Issue 1

July 2018 Vol 01 MahaRERA goes digital: Now, project details just a click away If you are a potential home buyer, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has just made your life considerably easier. Now, instead of running from one builder’s office to another, you can access all the information you want regarding a […]

Realty News June 2018 Issue 2

June 2018 Vol 01 Indian billionaires’ wealth grows 18% in ’17 The ultra-rich are getting wealthier at a faster pace in the country. At 18%, persons with a wealth of more than $1 billion saw the highest growth in their fortunes between 2016 and 2017, according to Boston Consulting Group’s (BCG) ‘Global Wealth Report 2018’. […]

Realty News June 2018 Issue 1

June 2018 Vol 01 New DP to come into effect from June 23 The city’s Development Plan (DP) 2034 will come into force from June 23, exactly a month after a notification was published in a state government gazette. But the plan which comes into force will not include the Excluded Plan (EP), for which […]

Realty News April 2018 Issue 2

April 2018 Vol 02 Confused? Soon, software will calculate your Property Tax You will be soon able to compute your flats’ property tax online. The Brihanmumbai Municipal Corporation (BMC) is developing software, which will help the homebuyers to compute their property tax at the click of a button. Currently, there is no mechanism that tells flat […]

Realty News April 2018 Issue 1

April 2018 Vol 01 Ready reckoner remains static, experts say slash would have helped market The slump in the real estate market has forced the state government to keep Ready Reckoner (RR) Rates unchanged. The order issued by the Inspector General of Registration on the last day of the current financial year states, “Taking into consideration […]

Realty News March 2018 Issue 2

March 2018 Vol 02 State finally clears way for drop in stamp duty on real estate sale Homebuyers could expect some relief as the state government has introduced a provision that will allow reduction of Ready Reckoner (RR) rates. Until now, RR rates, which are revised annually, could only be increased or kept steady. RR rates […]

Realty News March 2018 Issue 1

March 2018 Vol 01 BMC may give builders FSI relief The BMC has decided to offer benefits of its soon-to-be-released Development Plan-2034 for the city to builders who, in the past few years or during the one year that the draft DP has been under discussion, carried out construction in excess of allotted floor space index […]
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