Author Archives: Dharmesh



Dharmesh

Budget 2017 : What is New for real estate sector?
in NEWS WINGS

Budget 2017 : What is New for real estate sector?

Finance Minister Arun Jaitley in his Budget 2017-18 speech has given one of the much needed thrust to the Indian real estate sector. The minister announced that the ‘Affordable Housing’ will be given ‘Infrastructure’ status, which is likely to result in increased participation from private players. “The announcement of affordable housing being given Infrastructure status is a welcome move and will act as a catalyst...

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03 Feb 2017
Ahmedabad & Hyderabad to be new mega cities in short Future
in NEWS WINGS

Ahmedabad & Hyderabad to be new mega cities in short Future

At present, India is home to five mega cities, with over 10 million population, but by 2030 this number will go up to seven. Delhi will continue to be the second most populous city in the world till 2030, adding a staggering 9.6 million people to its population — the most in any mega city. The facts have been revealed in the 2016 World Cities...

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08 Sep 2016
Several countries keen to participate in Smart City project: Govt
in NEWS WINGS

Several countries keen to participate in Smart City project: Govt

NEW DELHI: Several countries, including Spain, Canada, Germany and the UK, have shown keen interest to participate in the Union government’s flagship Smart City project, the Parliament was informed on Friday. In a written reply to a question in the Rajya Sabha, Minister of State for Urban Development Rao Inderjit Singh said other countries that have evinced interest to participate in the project include China,...

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29 Jul 2016
Loksabha passed Benami Property Bill
in NEWS WINGS

Loksabha passed Benami Property Bill

NEW DELHI: Seeking to check black money, Lok Sabha on Wednesday passed a comprehensive Benami Transactions Amendment Bill, with Finance Minister Arun Jaitley assuring that genuine religious trusts will be kept out of the purview of the legislation. Moving the Benami Transactions (Prohibition) Amendment Bill 2015 for the consideration and passage, the Minister said the legislation was predominately an anti-black money measure and its purpose...

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28 Jul 2016
Navi Mumbai airport to start operations by December 2019, says minister
in NEWS WINGS

Navi Mumbai airport to start operations by December 2019, says minister

MUMBAI: Mumbai’s air gridlock may start easing in the next four years. The Centre on Thursday said the Navi Mumbai International Airport, which is to act as the aerial bypass to the choked-to-capacity Chhatrapati Shivaji International Airport, may start operations by December 2019. Minister of state for civil aviation Jayant Sinha told Lok Sabha , “Selection of concessionaire on public-private partnership basis shall be finalized...

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26 Jul 2016
Thiruvananthapuram before it turns a costly affair –Nos of property registrations go up
in NEWS WINGS

Thiruvananthapuram before it turns a costly affair –Nos of property registrations go up

THIRUVANTHAPURAM: With the revised stamp duty and registration fee for property transaction between family members to be effective from Monday, sub-registrar offices across the state have been witnessing an unprecedented rush. In the one week that followed the budget presentation that announced that the charges would go up, the total number of registrations reached 29,634, more than double the figure in the preceding week (13,313)....

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19 Jul 2016
Andhra to sign MoU with Kazakh capital over building new capital
in NEWS WINGS

Andhra to sign MoU with Kazakh capital over building new capital

VIJAYAWADA: Andhra Pradesh will sign a MoU with Kazakhstan’s capital Astana to work together on building new state capital Amaravati, an official statement said on Sunday. This was decided when Chief Minister N. Chandrababu Naidu, who is currently on a visit to Kazakhstan, met Astana Mayor Asset Issekeshev. The MoU will be signed in a few months, said a statement from the chief minister’s office...

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11 Jul 2016
UK commercial property feels chill of Brexit fallout
in NEWS WINGS

UK commercial property feels chill of Brexit fallout

LONDON: Britain’s commercial property market took a beating on Tuesday as a jump in demand by investors to take out money from one real estate fund led the manager to suspend withdrawals, driving a sell-off in a range of industry-related stocks. That came as the Bank of England reiterated concerns about the outlook for commercial property after Britain’s recent vote to leave the European Union...

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06 Jul 2016
12 Noida commercial plots to be auctioned
in NEWS WINGS

12 Noida commercial plots to be auctioned

NOIDA: The Noida Authority on Friday announced the auction of a few commercial plots ranging from 6,046 square metres to 64,500sqm in different sectors on a 90-year lease. The bidding for these plots will begin at Rs 96.13 crore for the 6,046sqm plot, while the one for 64,500 sq m will begin at Rs 1,025 crore. The bids will be finalized on July 11, 2017....

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04 Jul 2016
Hyderabad to see 16 million sq ft office space addition in 3 years
in NEWS WINGS

Hyderabad to see 16 million sq ft office space addition in 3 years

HYDERABABD : Enthused by the entry of technology majors such as Google and Apple, the demand for commercial office space in Hyderabad is expected to remain strong and could see upward momentum in 2016-17 boosting the number of leasing transactions Hyderabad is expected to see addition of nearly 16 million square feet of new office supply over the next three years, mostly in the suburban...

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01 Jul 2016
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