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 July 2017 Issue 1

July 2017 Vol 01 BMC passes proposal to remove property tax on sub-500 sq ft flats BMC has passed a proposal to exempt all houses up to 500 sq ft from property tax ­ the biggest poll promise by the ruling Shiv Sena during civic elections. The proposal, which was passed unopposed in the civic […]

Realty News June 2017 Issue 2

June 2017 Vol 02 `India tops list of nations receiving remittances’ Indians working across the globe sent home $ 62.7 billion last year, making India the top remittance-receiving country surpassing China, according to a UN report. The `One Family at a Time’ study by the UN International Fund for Agricultural Development (IFAD) said about 200 million […]

Realty News June 2017 Issue 1

June 2017 Vol 01 Realty buyers in state to now pay VAT on staggered payments In a move that would impact all real estate transactions across the state, the Maharashtra government has issued a notification to levy value added tax (VAT) based on staggered payments received from home buyers. With this, buyers making payments before June-end […]

Realty News May 2017 Issue 2

May 2017 Vol 02 Mumbai ranks 24th in Luxury Home Price Rise Mumbai ranked 24th among 41 cities globally with 1.1% price rise of luxury homes for the year ended March 2017 Guangzhou in China was first n the global list of 41 cities with 36.2% price growth, according to `Q1 2017 Knight Frank Prime […]

Realty News April 2017 Issue 1

April 2017 Vol 01 75% of port land allotted for open spaces, roads As much as 75% of the 858 acres (390 hectares) of Mumbai Port Trust (MbPT) land will be a green zone and earmarked for open spaces and streets, according to a draft plan prepared by the consultant. Last November, a consortium of HCP […]

Realty News March 2017 issue 2

March 2017 Vol 02 Invest now, Regret never Is real estate still the best bet when compared to other asset classes? Our experts certainly think so! And they substantiate this claim with strong reasoning as well. Real estate is one of the most stable assets; It can generate an ongoing income source; It can also rise […]

Realty News March 2017 issue 1

March 2017 Vol 01 Navi Mum realty soars as airport project takes wing The finalization of bid for the Rs 16,000-crore Navi Mumbai airport project has led to an increase in enquiries about properties in the vicinity and house registrations in parts of the city. The GVK group on February 13 won the bid for the […]

Realty News February 2017 issue 2

February 2017 Vol 02 Govt to give Tax benefit to first-time Homebuyers The government will give a benefit of Rs 2.4 lakh to firsttime home buyers with taxable income below Rs.18 lakh a year, which would be a game changer for the sector, Housing and Urban Poverty Alleviation Secretary Nandita Chatterjee said.The secretary said the scheme […]

Realty News February 2017 issue 1

February 2017 Vol 01 Presidential Push? Prices of Trump’s India Projects Increase by 15% The ascension of Donald Trump to US presidency has clearly rubbed off on his family’s real estate projects in India, with property prices at Trump Towers in Mumbai and Pune rising around 15%. The Trump Organization currently has three super-premium residential projects […]

Realty News January 2017 issue 2

January 2017 Vol 02 Diluted real estate act may invite public wrath, Centre tells states The Centre has warned states against watering down the real estate regulation law as passed by Parliament and has said any such move will have serious implications, including a public outcry. The Centre has also made it clear that all ongoing […]
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