You may not believe it but data show average real appreciation in residential property in urban India over 2007-14 was zero.
Realtors' body CREDAI on Monday said the cost of construction has gone up by 20-25 per cent, mainly during the last 45 days, due to steep rise in prices of raw materials like steel, and builders will be forced to increase property prices from next month by an average 10-15 per cent. CREDAI-MCHI, the Maharashtra chapter of CREDAI, demanded that the central as well as state governments consider giving relief to the industry by reducing stamp duty and GST rates, besides allowing input tax credit (ITC) to developers. The association said it would not advise member developers to stop construction works as of now, but if the price rise continues then builders would have no option but to halt works at project sites and defer purchase of raw materials.
'They are starting to move more quickly and we would just like to continue to see bold action being taken.'
The Uttarakhand assembly on Wednesday passed the Uniform Civil Code Bill, which may serve as a template for other Bharatiya Janata Party-run states to enact similar legislation.
Taking to Twitter, Singh said, "My house has been attacked. Listen carefully BJP supporters, no matter how much hooliganism you indulge in, I will not allow the funds collected for constructing the Ram temple to be stolen even if I am killed."
rediffGURU Sunil Lala answers your personal finance-related queries.
Prospective buyers must make a well-considered decision regarding whether this is the right time to buy a house, particularly with home loan rates at near-peak levels, and the risk of job losses looming in many sectors.
Locations such as Chembur, Ghatkopar, Navi Mumbai and Andheri will be the future growth centres.
In an email sent to some journalists and two videos accessed by PTI, Pannun compared Mann with former Punjab chief minister Beant Singh, who was assassinated in a bomb blast on August 31, 1995.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Faced with a sharp decline in home sales and declining cash flows, property developers are doling out minor discounts and freebies to boost home sales during the ongoing festive season.
If you are scouting for a property, finalise the deal within the next seven months and benefit from this measure, suggests Bindisha Sarang.
Although the third quarter of financial year (2023-2024) FY24 (Q3FY24) was marginally below expectations, Info Edge (India) is witnessing strong investment trends and hitting new highs. The big driver is optimism about a pickup in the jobs market, which benefits Naukri.com and could mean upgrades in Q4FY24 expectations. The JobSpeak Index, which Naukri.com releases on a monthly basis, is showing a "transformative shift".
Future Gaming and Hotel Services whose director is the lottery magnate Santiago Martin is the top purchaser of electoral bonds having purchased bonds worth Rs 1,368, according to data uploaded by the Election Commission of India on its website on Thursday.
The government can seek details from sellers such as sources of funds while buying.
The government on Wednesday imposed a limit of Rs 10 crore for deduction on long-term capital gain tax for reinvestment in residential properties under Section 54 and 54F of the Income Tax Act. These two sections deal with reinvestment of proceeds from sale of long-term assets (housing or other capital assets) to buy residential properties. "For better targeting of tax concessions and exemptions, I propose to cap deduction from capital gains on investment in residential houses under sections 54 and 54F to Rs 10 crore," Finance Minister Nirmala Sitharaman said in her Budget speech.
The Maharashtra police has so far registered 141 cases in connection with the violence during the Maratha quota agitations and arrested 168 persons, state Director General of Police Rajnish Seth said on Wednesday.
Embracing the past and the present, Mexico City pulsates with warmth and vibrancy, discovers Payal Singh Mohanka.
According to the National Earthquake Monitoring and Research Centre, the earthquake with an epicentre in Jajarkot district was recorded at 11.47 pm.
The NIA, on March 17, filed a charge sheet against 59 accused, including the PFI as an organisation, in a case registered last year.
Having called as "deeply disturbing" the video of two women being paraded naked in Manipur, the Supreme Court on Tuesday said there was a long delay in registering the FIR in connection with the incident.
The Indian Navy, which was earlier looking towards the US for design expertise, technical know-how and operational practices, is now considering the advantages of working with the Royal Navy.
The activists of the BJYM, led by its president Tejasvi Surya, staged a protest near Kejriwal's residence at Civil Lines in Delhi, demanding an apology from him for allegedly mocking Kashmiri Pandits, with the AAP alleging vandalism during the demonstration.
A case of criminal conspiracy, corruption practices and undue influence on election has been registered on the complaint of two Congress MLAs, police said on Sunday.
You can invest the proceeds in capital gains bond or reinvest in another residential property.
Check out the winners of the Sony World Photography Awards 2024. Now in its 17th year, the World Photography Organisation's awards ceremony is a major annual moment recognising the best photography in the world, celebrating the images and stories that have resonated with global audiences over the past year.
Asian American Hotel Owners Association (AAHOA) in a statement said America's hotel owners are deeply saddened, shocked, and outraged by this senseless act of violence against a small business owner that cost him his life.
Leading United Arab Emirates-based firms, especially in the real estate sector, have joined the list of global companies, targetting investments in India in hotels, malls, healthcare, housing, IT parks and integrated townships.
According to experts tracking the realty sector, sites such as Magicbricks.com, 99acres.com and makaan.com are fast-becoming the choice of consumers looking for renting a property, as such sites let them directly connect with the owner and save time and money.
The company will develop one million sq ft of property in Male in a joint venture with Maldives government.
Once owned by underworld don Dawood Ibrahim, an eatery on the narrow Pakmodia Street in South Mumbai, a green sedan and tenancy rights to a property in suburban Matunga will on Wednesday go under the hammer in Mumbai.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
However, leave and licence deals registered with the department of stamps and registration shot up during the period, official data showed.
The US treasury department informed about the sanctions following the October 7 attacks on Israel by Hamas.
Residential house prices have only risen since the pandemic.
When its founder, Raghunandan Kamath, took a calculated risk, his Bollywood customers backed him all the way, say Rohith Potti and Pooja Bhula.
In a base case, the consultant said that sales could drop 25 per cent to 1.96 lakh units this year from 2.61 lakh units in 2019 across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
Actor Jayaram, known for his love of animals, also visited the boy's house and handed over a cheque of Rs 5 lakh to buy new cows and rebuild his farm.
Raza alleged most of the rioters were outsiders.
Everything you need to know about the three properties belonging to Dawood Ibrahim, which were auctioned on Tuesday.
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