In response to complaints by citizens on the delivery of property tax bills, the Pune Municipal Corporation (PMC) has decided to explore new options for distribution of bills of the 6.5 lakh properties in the civic jurisdiction. “The civic body was earlier distributing the bills through a private agency but later took the service of [...]
Archive for the ‘Residential Real Estate – India’ Category
Civic body looks at fresh ways to deliver property tax bills
Overview on Indian Real Estate Scenario
The flexible nature of the Indian real estate has earned its appreciated value over time. In fact, the rapid growth of the Indian realty market has enhanced aspirations for good standard of living. The present scenario of India has changed the way we live, from working style to recreation. The major factors behind the rapid [...]
Avoid real estate for short-term play: Prashasta Seth, India Infoline
Prashasta Seth, Senior Fund Manager IIFL Wealth, India Infoline, in a chat with ET Now talks about the real estate space. What is your view on real estate? Could people look at some of the stocks in this pocket? It is a pariah kind of a sector at this point of time with nobody actually [...]
Phoenix in a hurry to catch up with the biggies
Managing Director Atul Ruia claims they are a misunderstood company Atul Ruia compares his property development firm, The Phoenix Mills, to a mining company. “You dig for three years and then you get ore. We have also invested capital for three years and are ready for the cash flows to start,” the 40 year-old managing [...]
Service tax: Houses to cost 2.5 per cent more
New Delhi, Jul 2: For all those who are working towards buying their dream house here is some bad news. With the implementation of service tax kicking in on Friday, Jul 2, houses are set to cost 2.5 per cent more. The implementation of the service tax is not only expected to hit the end-costumer [...]
DLF Looking to End Year with Operating Cash Surplus of Rs 2,500 crore
DLF Ltd, the largest real estate developer in the country by market capitalisation, is looking to end the year with operating cash surplus of Rs 2,500 crore, as it looks to raise Rs 2,700 crore through non-core asset sales and healthy cash flows. According to a report published in DNA, the developer is also looking [...]
MCHI Receives Cheering Response from13th India Realty Expo 2010 held in Dubai
“India Realty Expo 2010 held in Dubai achieved great success this year, since most of the exhibitors were offering ready properties or possessions between 3-6 months. Maharashtra Chamber of Housing Industry (MCHI), the most prominent body of real estate builders and developers in India has received a cheering response to their ‘13th India Realty Expo [...]
The Real Estate Market of Pune
If compared to another cities, where both residential and advertizement concept interpret is feat downwards, Pune actual realty is feat steady. While business experts hit expected a field fall in the actual realty values, Pune seems to be attempt the forecast. Probably because Pune was never a mainstream actual realty destination, so, it never saw [...]
Sahara Gets Team India Deal, BCCI Gets Relief
It was a shock to see Sahara Group, current sponsor of Team India cricket, bid to renew its rights especially after winning the Pune team in the Indian Premier League earlier this year. Sahara’s four-year contract for Team India sponsorship ended in December, but it was asked to carry on for another six months as [...]
HDIL Posts 187% Jump in Q4 net
Housing Development and Infrastructure Ltd (HDIL) has posted a 187 per cent jump in profit after tax in the January-March quarter of FY 10. The company has posted a net profit of Rs 177.84 crore for the quarter ended March 31, 2010 as compared to Rs 61.92 crore for the quarter ended March 31, 2009. [...]


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