real estate: CIVIC LEVY IN GURGAON OFFSETS STAMP DUTY CUT - 06/19/08 06:59 PM
2% TAX IMPOSED ON VALUE OF PROPERTY, BUT WOMEN HOUSE OWNERS WILL GET TO PAY 1% LESS
Gurgaon: While property buyers across Haryana have welcomed the recent government decision to reduce the stamp duty on conveyance deeds and sale deeds from 6% to 5%, it has brought no relief to residents of Gurgaon. The district administration has imposed a new levy of 2% of the value of property to generate revenue for the recently-created Gurgaon Municipal Corporation (GMC).
Therefore, the buyer has to now pay 7% of the transaction instead of 6% earlier. On an average, Gurgaon generates daily revenue of … (0 comments)

real estate: DEHRADUN TO DELHI DRIVE TO TAKE 3.5 HOURS - 06/18/08 09:58 PM
The Uttarakhand government has agreed to a proposal by Uttar Pradesh to build an expressway from New Delhi to Dehradun that will minimise the travel time to less than 3.5 hours.
The 200-km-long, eight lane expressway along the Hindon River would start from the national capital linking Saharanpur and Ghaziabad in Uttar Pradesh. From Saharanpur, an industrial area bordering Uttarakhand, the state government will further extend it up to Dehradun.
Already, two meetings between the top government officials of both the states have been held in this regard. "We are ready for the expressway being proposed by Uttar Pradesh," said Additional … (1 comments)

real estate: PRIMROSE, FOR AN AFFORDABLE LIVING - 06/18/08 01:18 AM
Panchsheel Group, the real estate perfectionist has redefined perfection with various dream projects that include Panchsheel Park Colony -Ashok Vatika, Lajpat Nagar, SPS Apartments Phase 1- Main GT Road, SPS Apartments PhaseII-Radhey Shyam Park, GT Road, Euro Apartments- Rajendra Nagar, SPS Residency Vaibhav khand, Indirapuram, and SPS Heights- Ahinsa Khand II, Indirapuram.
The Group has also created Panchsheel Wellington in India's first global city, Crossings Republik. In its series of uncharted success, the Group has now created budget apartments on Hapur Road, Ghaziabad, for home seekers who want a complete lifestyle and that too at an affordable price. This living abode … (0 comments)

real estate: NEW ENERGY IN PARAS TOWER - 06/16/08 10:28 PM
Paras Twin Towers, located in Gurgaon, has been inaugurated recently with fanfare. At the nerve center of Gurgaon, in sector-54, this project has developed a commercial space of 2,30,000 sq. ft. GE, American Express, Aviva, Hewitt, Vertex, SAP, Yahoo, are some of the establishments which fill the vicinity of Paras Twin Tower. Paras Twin Towers is developed by Paras Buildtech which is a progressive, future-focused, real estate company. It enjoys a good reputation of conceiving and executing large and stylish real estate projects in both commercial and corporate segments. The company says that an array of the world-class facilities will grant … (1 comments)

real estate: BHUMIPUJAN FOR SUPERTECH'S PROJECT - 06/16/08 10:26 PM
The Bhoomipujan for Phase I of Supertech's upcoming residential project, Livingston was started of recently by R K Arora, CMD along with the Directors and VPs. The Livingston apartments are a part of Crossings Republik, which is an integrated township spread across a 360acre plot, situated on National Highway - 24.
 Livingston has been built keeping in mind the importance of space for rejuvenation. The Company will develop 635 units of 2 /3 Bedroom luxurious apartments in Phase I. The area surrounding it is clutter free and pollution free with a lot of natural foliage. There is also very easy access … (0 comments)

real estate: Why Most Real Estate Entrepreneurs Don't Make Consistent Profits and What To Do About It - 06/16/08 12:43 AM
Go to just about any town or city in the country and you'll find real estate entrepreneurs and investors like yourself working far more than they should for the return they are getting. And this despite all the promises of "fast cash" and "easy money" that sold the courses that got them into the business in the first place. You see, the reason many Real Estate Entrepreneurs don't do so well is not because of lack of intelligence or their willingness to work hard. It is simply due to being focused on the wrong area of their business. We come out … (0 comments)

real estate: INDIA EXCEEDS - 06/15/08 07:10 PM
DELHI AND MUMBAI'S OFFICE SPACES ARE MORE EXPENSIVE THAN THOSE IN PARIS, NEW YORK, STOCKHOLM, MILAN, GENEVA, ROME, SHANGHAI AND LOS ANGELES. THIS SIMPLY SUGGESTS THE NON-AVAILABILITY OF SPACE IN INDIA AT COMPETITIVE RATES.
The demand for office space in India continues to be strong, despite fears of some moderation in economic growth. According to the latest report of global consultancy firm CB Richard Ellis (CBRE) on fastest growing occupancy costs of office space in the world, Mumbai, Bangalore and Delhi featured at 8th, 22nd and 45th positions.
While rentals in Mumbai grew at 40.7% in the last one year, they … (2 comments)

real estate: HIGH-PROFILE HOSPITALITY PROJECTS SHELVED - 06/15/08 07:07 PM
Pune's booming hospitality sector, which had seen some high-profile announcements being made, has already witnessed a shakeout; with some high profile projects have quietly been shelved. But these are at the top end of the spectrum and industry maintains that Pune is a business or budget hotel city. While occupancy, the measure of viability, is around 65% in the business hotel segment, the expectation is that capacity addition to its existing 250 rooms will happen. At which point, a price correction is expected, as supply increases.
 
                                            Courtesy: ET dated:- 13th June 2008
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real estate: THE GREEN EFFECT - 06/13/08 06:07 PM
Green buildings based on the premise of increased efficiency and minimal wastage are eco-friendly and more cost-efficient.
Many end-users and investors shy away from green building technologies due to misplaced notions of cost overruns and impracticability of construction. The notion that green buildings are 'costlier' impacts the profit motive that lies behind real estate, prompting both builder and investor to stick to conventional methods of construction. To dispel this myth and promote sustainability, the concept of green buildings and its cost effectiveness during its lifecycle needs to be understood.
GREEN BUILDING
A green building is based on the premise of … (0 comments)

real estate: GURGAON REAL ESTATE - 06/12/08 11:09 PM
A recent report has shown that UK investors are looking to India as the UK property market shows continuing signs of weakness. While the property market in India has been growing for some time, many investors feel that it is still at a very early age with vast areas of the country still relatively untouched by the increasing demand for quality property.
The growth in interest from UK based investors has been helped by the recent decision of the Indian government to relax the barriers for foreign investment into the housing sector. While the flow of funding is still very much … (1 comments)

real estate: Gurgaon gives Sops to Overseas Citizens of India - 06/12/08 05:45 PM
Offering sops of sorts, the district administration on Tuesday announced it would issue Indian driving licenses to Overseas Citizens of India (OCIs),
Putting them on par with non-resident Indians (NRIs).
Children of OCIs can also be enrolled in any educational institution here, just like NRI children are. Foreign nationals are denied this option, and their children can only study in international schools, or study in approved universities under mutually agreed quota system.
With this, Gurgaon has become one of the select cities to put in place a mechanism that brings some sort of parity in status between OCIs and NRIs.
OCIs … (0 comments)

 

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