News articles tagged Property Transactions

Property prices in Pune are booming, with a 46% increase in registrations for properties between Rs 50 lakh and Rs 1 crore.

Pune's property registrations surged 46% YoY in January 2024, fueled by strong demand. Homes priced between ₹50 lakh and ₹1 crore saw the most activity, capturing 32% of sales.

DDA halts construction on Yamuna bed

Despite DDA's order and NGT's intervention, illegal constructions continue in Yamuna floodplains, fueled by pre-election promises and ongoing property transactions.

Stamp & Registration fee collections could be raised to Rs 1.5 lakh cr

Revamping stamp duty & registration fee collection could double revenue to Rs 1.5 lakh crore, with Maharashtra's model touted for nationwide adoption.

Govt to curb down on fraud in property deeds

New norms are drafted by the stamp duty and registration department to reduce the increasing property transaction frauds. Individuals authentication and birthmarks declaration are added.

Winkworth to open its office in Bangalore

Winkworth, a London-based real estate franchisor, is set to expand into India by opening offices, starting with Bangalore. This move is part of their international expansion strategy.

Property Transactions Set to Go Costlier

West Bengal's new property tax proposal faces criticism from CREDAI Bengal, citing increased transaction costs and negative impacts on the real estate sector due to inflated property valuations.

Real Estate Bill Likely To Protect Flat Buyers

The real estate bill is expected to pass in the upcoming parliament session, protecting buyers from unethical builders.

Robert Vadra Given Clean Chit on Real Estate Scam by PMO

Robert Vadra Cleared in Real Estate Land Scam, PMO Declares Him Innocent.

Delhi Government comes up with Fresh Directive on Sale of Properties

Delhi government restricts property transactions to registered deeds only, banning General Power of Attorney (GPA) sales based on a Supreme Court order.

Indians on top of the first time property buyers list in Dubai.

Indians topped Dubai's property buyer list in 2011, investing Rs 292 crore, marking 16% of total new investments. Asian investors, with UAE and Indian nationals leading, comprised 68% of the investor pool.

Buyers back in Real Estate Sector this Navaratra.

This Navaratra marks a significant resurgence in the real estate market, as buyers eagerly engage in transactions, a trend anticipated to continue through the summer vacation.

Property cards to regulate realty

Karnataka introduces property cards to enhance clarity in realty transactions, replacing sale deed registration with property titles to reduce disputes and improve accountability.

Property deals to be scanned by FIU

The Financial Intelligence Unit is urging states to provide monthly data on all property registrations to enhance oversight of real estate transactions and combat illegal funding.

Realty Investors Take Equity Route To Offset Tax Burden

Savvy property investors utilized equity markets to reduce tax on gains, offsetting derivatives losses against short-term capital gains from property transactions.

Real Estate Bank India Plans Sixteen Outlets In Orissa

Real Estate Bank India to set up 3000 franchisees, including 16 in Orissa, to facilitate inter-state property transactions.

Stamp Duty Amnesty Scheme Imperfections Confuse Flat Owners

Flat owners in Maharashtra are urged to utilize the state's stamp duty amnesty, as emphasized by Mr. Ramesh Prabhu, highlighting long-overlooked regulations.

Small Developers Selling Their Land Due To Cash Crunch

Small developers are forced to sell projects to larger ones due to severe cash crunches, especially in tier II cities and metros.

Will Property Price Come Down In The Near Future?

India's home prices expected to correct further due to low transaction volumes and over-supply, with 15-20% drop in major cities.

Buying Property In Goa Might Be Difficult For Foreigners.

The Goa government is considering regulating property sales to foreigners amidst concerns about Goa's image and potential FEMA violations.