PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundUp: Property Tax Collections Go Up Across Indian Cities, Thanks To Demonetisation

Loading video...

Description

Realty News Roundup is PropGuide’s selection of the day’s top stories from the real estate sector.

Reports show there is a surge in property tax collections across Indian cities, as civic bodies are accepting demonetised currency. So far, Delhi civic bodies have fetched over Rs 7 crore, while that in Pune collected Rs 33 crore in two days. However, long queues were seen in most of the tax counters of the civic bodies, with banks witnessing heavy rush.

Donald Trump's victory in the US Presidential elections has given a fillip to his India business partners, while the brand continues to scout for growth opportunities in the country. Trump currently has five luxury projects in India, including a ready twin tower 46-apartment block in Pune, and an under-construction 300-apartment project in the heart of Mumbai. Trump’s target cities for the future growth of his brand in India might include Mumbai, Pune, the National Capital Region, Bengaluru, Chennai, Hyderabad, Goa, and other locations with good demand for super-luxury properties.

The Maharashtra government has increased the stamp duty on property registrations in Nagpur by one per cent to fund the city’s Metro project. The increased duty will be applicable across the city, instead of only on properties located 500 metres on each side of the Metro corridors, as announced earlier. Besides, the raise is applicable with retrospective effect from June 30      

Credai Bengal, the state chapter of the Confederation of Real Estate Developers' Association of India, organised ninth edition of the Realty Expo 2016 between November 11 and 13. The expo brought 40 eminent developers under one roof, and displayed products and best service deal to customers.

Source: Media reports

Tags: Video, CREDAI, Maharashtra, property tax collection, Nagpur, propguide, demonetization, Realty Expo 2016


How A Swedish Touch May Help Maharashtra’s Smart Cities Get Smarter

Sweden has offered Maharashtra its assistance in developing its smart cities. PropGuide examines Sweden's SymbioCity model and how it may help building smart cities in Maharashtra.

November 20 2015

+ Click Here To Read This Article

Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

5 Things NRIs Should Know Before Investing In Indian Real Estate

Are you a non-resident Indian (NRI) planning to invest in Indian real estate? These are things you need to keep in mind before making an investment.

September 24 2015

+ Click Here To Read This Article

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

Infra Projects That Will Drive Real Estate In Nagpur

Prices of Nagpur real estate are growing by leaps and bounds.

November 07 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Housing Complexes Can't Club Maintenance With Power Tariff, Says Noida Power Company

Here are today's top news stories from the real estate sector.

October 05 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: HUDA To Auction Plots in Gurgaon Every Tuesday

Here are today's top news stories from the real estate sector.

October 03 2016

+ Click Here To Read This Article

#WeeklyNewsRoundup: Work On Navi Mumbai Airport Set To Take Off

Here are the week's top news stories from the real estate sector.

September 24 2016

+ Click Here To Read This Article

Here are the week’s top news stories from the real estate sector.

Categorised into four, the Supreme Court approved these codes today.

PropGuide lists prime factors that makes KR Puram an emerging real estate market.

Rs 500 and Rs 1,000 were banned from November 8 midnight. What will be the impact on real estate...

Due to many reasons, real estate developers will not reduce property prices in the coming future.

An ancestral property is the one which one inherits from one’s forefathers.

The Modi government has decided to demonitise currency notes of Rs 500 and Rs 1,000. That has left...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

PropGuide dejargons complex real estate terms for you.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top