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Revenue department issues property documentation guidelines for sub-registrars, CEV Real Estate News

GENERAL NEWS /

NEW DELHI: Aiming to provide effective and efficient registration services to the public, the Delhi government’s Revenue Department has issued guidelines for sub-registrars on the documentation of properties. According to the guidelines issued by Divisional Commissioner Sanjiv Khirwar last week, all sub-registrars should ensure strict compliance of all provisions of the Registration Act, 1908 and […]

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MY SALEABLE AREA IS THE SAME AS YOURS-INTERESTING ARTICLE USEFUL FOR ALL VALUERS & ENGINEERS

GENERAL NEWS /

MY SALEABLE AREA IS THE SAME AS YOURS INTERESTING ARTICLE USEFUL FOR ALL VALUERS & ENGINEERS Sachin Sandhir Property transactions in under-construction apartment projects in India are often carried on the basis of the super built-up area or gross floor area concept. Due to the lack of regulation over the floor space calculation, it is

MY SALEABLE AREA IS THE SAME AS YOURS-INTERESTING ARTICLE USEFUL FOR ALL VALUERS & ENGINEERS Read More »

Emami Realty to invest Rs 130 crore on new commercial project in Kolkata Real Estate News, ET RealEstate

GENERAL NEWS /

NEW DELHI: Emami Realty, the real estate arm of Emami Group, plans to invest Rs 130 crore to develop a commercial project-Emami Business Bay in Salt Lake City, Sector V, Kolkata, the company said in a media release. Nitesh Kumar, MD & CEO of Emami Realty said, “We are about to launch a business project

Emami Realty to invest Rs 130 crore on new commercial project in Kolkata Real Estate News, ET RealEstate Read More »

Irda relaxes investment norms for housing,infra finance firms

GENERAL NEWS /

Irda relaxes investment norms for housing,infra finance firms Irda relaxes investment norms for housing,infra finance firms Housing finance companies and infrastructure finance companies will get higher funding from the insurance companies as the sector regulator IRDA has relaxed investment norms for these firms. “The investments in the debt instruments issued by housing finance companies as

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Ajmera Realty posts net profit of Rs 10 crore in Q1 FY22, Real Estate News, ET RealEstate

GENERAL NEWS /

NEW DELHI: Ajmera Realty & Infra reported five-fold jump in consolidated net profit at Rs 10.26 crore for the first quarter of the financial year 2021-22, the company said in a BSE filing. It had recorded a net profit of Rs 2.10 crore in the corresponding quarter previous year. The company’s total income rose to

Ajmera Realty posts net profit of Rs 10 crore in Q1 FY22, Real Estate News, ET RealEstate Read More »

An Indian study flags pre-2020 climate action gaps of rich nations, shows the US, Canada, Japan and Russia faltered big time | India News

GENERAL NEWS /

NEW DELHI: Days after India asked rich nations at G20 meet to bring down their own per capita emission to global average by 2030, a new study on Wednesday flagged how many developed countries have miserably failed in their pre-2020 commitments with a group of them, including all G7 nations, reporting decline of only 3.7%

An Indian study flags pre-2020 climate action gaps of rich nations, shows the US, Canada, Japan and Russia faltered big time | India News Read More »

SEZs: In standstill mode | News Archive NewsThe Indian Express

GENERAL NEWS /

On Monday,the government rolled out the promised “package of reforms” to boost the country’s exports. The commerce ministry notified the Amended Rules,2013,for special economic zones (SEZs) launched with much fanfare over seven years ago. However,real estate developers are not very enthused by the amended policy. The reason,they say,is not just policy,but several other factors that

SEZs: In standstill mode | News Archive NewsThe Indian Express Read More »

Vonovia to make new Deutsche Wohnen offer valuing it at $22.7 billion Real Estate News, ET RealEstate

GENERAL NEWS /

FRANKFURT: German real estate company Vonovia is launching a fresh attempt to buy rival Deutsche Wohnen with a sweetened bid valuing the company at 19.1 billion euro ($22.7 billion), it said on Sunday.Vonovia is planning to submit a new offer at 53 euros per Deutsche Wohnen share, subject to approval by German financial watchdog BaFin.

Vonovia to make new Deutsche Wohnen offer valuing it at $22.7 billion Real Estate News, ET RealEstate Read More »

Sweden’s Castellum offers to buy real estate firm Kungsleden for $3 billion Real Estate News, ET RealEstate

GENERAL NEWS /

STOCKHOLM: Swedish real estate company Castellum has offered to buy rival firm Kungsleden in a deal worth 26.9 billion Swedish crowns ($3.13 billion), the company said in a statement on Monday.The offer, comprising of 70% in shares and 30% in cash, was immediately backed by Kungsleden’s board in a separate statement made shortly after the

Sweden’s Castellum offers to buy real estate firm Kungsleden for $3 billion Real Estate News, ET RealEstate Read More »

Property redevelopment: Factor in capital gains

GENERAL NEWS /

Across Mumbai,several families are looking towards the redevelopment of their old tenanted property whereby they get a chance to move into a larger apartment with modern amenities. These properties have been granted higher floor space index (FSI),which is why developers are queueing up amid the lure of high returns.These dream homes,however,have one grey area: how

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