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Plaza Centers Group appoints Pioneer Property Zone to manage its 1st mall in India

In its first ever Indian investment, the Plaza Centers Group has appointed Pioneer Property Zone (PPZ), shopping mall developer and manager, for their upcoming mall Koregaon Park Plaza in Pune, India. Property Zone will implement strategies and look after financial management of the mall for growing the asset performance.

Government rolls back TDS on property sales

New Delhi: The government Monday rolled back the proposed one percent tax deduction at source (TDS) on transfer of immovable property.

Areas of Orissa have yet to be touched by India's growing real estate developments.

The real sector has emerged as one India’s largest drivers of economic growth. As a sector, it provides large scale employment and contributes significantly to the GDP. For decades, environmentalists have been warning that frenetic human economic activity associated with the breakneck speed of economic growth is placing a huge strain on the earth and its natural resources.

Citigroup buys Mumbai property for Rs 985 crore

Mumbai: Global banking major Citigroup has struck the biggest property deal in recent years in the country by paying a hefty Rs 985 crore for six floors in the upcoming First International Financial Centre (FIFC) Tower at the coveted Bandra-Kurla Complex to house its headquarters.

Mumbai property prices: Destined to keep climbing higher?

The era of rising prices has well and truly descended upon us. As if an increase in excise and service taxes were not enough, an expert committee from the urban development ministry has recommended increasing property taxes to finance urban infrastructure during the 12th Five Year Plan, according to a report in Business Standard.

These are Asia's top high-value real estate deals...

The sale of Leela Kempinski Kovalam was among the top 10 hotel deals in Asia during the past one year, shows data from the US-based research firm Real Capital Analytics.

Mumbai stamp duty hike to pinch property buyers

Property buyers in Mumbai will have to shell a little more for registering their purchase. The Maharashtra Government has simplified the stamp duty structure for sale deed of immovable properties in its budget; in the process hiking rates for buyers

No buyers but soaring prices: A scam called Mumbai realty

Not just buyers, but Mumbai developers too are feeling the pinch of the overheated real estate market owing to poor sales. This is evident as three property exhibitions have been cancelled in Mumbai until further notice.

Mumbai home prices may not fall, property around Delhi to get dearer

NEW DELHI: According to the latest reports, real estate prices around Delhi and Mumbai are not likely to witness a downtrend anytime soon. With higher rates of service tax and excise duties being announced in the Union Budget 2012, it is being slated that your dream home may now cost more.

Property update: What Budget 2012 means for Mumbai's real estate

The article has been contributed by Ramesh Nair, Managing Director - West, Jones Lang LaSalle India. To read more by him and other real estate experts, visit www.joneslanglasalleblog.com/realestatecompass.

ASK Property invests in Mumbai, Pune projects

Madhurima Nandy The Wall Street Journal 14.03.2012
Buildings in Mumbai. Indian expatriates in Dubai are helping to bring back the property market’s glory days through more purchases in their home country.

Average transaction value has risen 20%-25% over the past year. Some leading developers find themselves mired in quicksand

ASK Property invests in Mumbai, Pune projects

Bangalore: ASK Property Investment Advisors, the real estate-focused private equity (PE) arm of diversified financial services company ASK Group, has invested Rs. 40 crore in a Pune project being developed by Paranjape Schemes (Construction) Ltd.

Rules regarding property ownership by NRIs in India

The other day Tamanna, my schoolmate who migrated to Austria after her marriage, asked me if she is entitled to buy property in India. She wasn't too sure if she could buy property here, now that her husband had acquired an Austrian citizenship.

Property Report by Kotak Institutional Equities

Despite constant rhetoric on reduction of debt in the past several quarters, real estate companies are yet to deliver. In 3QFY12 also, net debt for the larger companies has remained broadly flattish qoq. In the case of DLF, even though the company sold Rs12 bn worth of assets, net debt remained flat. Sales momentum in NCR/Mumbai remained weak while Bangalore-based players have maintained their sales run-rates. DLF sales volumes appear robust on account of plot sales which in our opinion are dictated by need to speed up cash flows (land sells faster). We maintain our long-held positive view on Bangalore-based developers with Sobha being our top pick as it is best-positioned to generate cash flows and hence deleverage.

Why Branding Matters On The Property Market

Sanjay Bajaj, Manging Director - Pune, Jones Lang LaSalle India In the hyper-driven world of advertising, literally nothing has escaped the phenomenon of 'branding.' This extends from products to services, and on to manufacturers and service providers. The real estate development line is no exception. In fact, the whole question of how important builders' brand names are on the property market should be examined in greater detail.

The stability in the IT sector and dip in inflation are expected to spur demand for residential properties in Chennai.

CHENNAI: The stability in Information Technology (IT) and Information Technology Enabled Services (ITES) and the dip in inflation are expected to spur the demand for residential properties in Chennai, according to a real estate research firm.

Understand the taxes on your property

Indian Express 11.02.2012

Reserve Bank puts new clamp on home loans

Business Standard 06.02.2012
Understand the taxes on your property

It’s the tax season and it’s time to explore various facets of tax planning and educate yourself on the various nuances of tax on property. This article discusses taxes on rental income from a house and the capital gains from the possible sale of a house.

Reserve Bank puts new clamp on home loans

The Reserve Bank of India’s latest notification to banks, to exclude stamp duty, registration and like charges while calculating the value of a property they intend to finance could lead to a further decline in home sales in the lower and medium segments, say developers and consultants.

Prices of property in India remain strong

Recent figures from the Reserve Bank of India have found that property prices in the country have remained remarkably resilient in recent months with price rises in the third quarter of 2011 rising in all but one location.


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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.