Daily Real Estate News Digest (27th February 2019)

Centre approves over 5.6 lakh houses under PMAY-Urban

The Centre approved over 5.6 lakh houses under the Pradhan Mantri Awas Yojana for urban poor, taking the total number of houses being funded by the government to more than 79 lakh.

ET Realty

Will not stop at just 100 smart cities: Housing minister

Union minister Hardeep Singh Puri said the government has spent six times the money used for urban rejuvenation in the 10-year UPA rule and asserted that it is not going to stop at just 100 smart cities. 

ET Realty

Rajasthan scraps stamp duty on transfer of immovable property from husband to wife as gift

The Rajasthan government has decided not to charge stamp duty on transfer of immovable property from a husband to his wife as a gift.

ET Realty

Vacant land tenants to pay more in Mumbai

In possibly a major boost for revenue, BMC plans a new policy on vacant land tenants, the plots for which were given on lease mostly before Independence.

ET Realty

Soon, assess your house tax online in Lucknow

LMC will start online self-assessment of house tax from April. It will also enable payment through net banking and e-wallets. Objections on tax assessment raised by citizens will also be answered by officials.

ET Realty

Property tax defaulters in Lucknow get 20% rebate and waiver

The Lucknow Municipal Corporation House approved a one-time settlement scheme for property and water tax defaulters by offering a 20% discount on the principal amount and waiving all interest if a defaulter pays the full dues by April, while those paying in May will get 10% discount.

ET Realty

Tax cuts should boost Indian realty demand, but many issues linger

A tax cut by India to help the country's troubled housing sector should boost home sales, but by itself will not be enough to put cash-short developers on more solid ground, say industry executives.

ET Realty

Century real estate in talks to raise Rs 250 crore for home project

Century Real Estate Holdings is in talks with Piramal Ivanhoe Residential Equity Fund to raise funds for an upcoming residential project in a deal valued at ₹250 crore.

Economic Times

Transcon Developers Forays Into the Zone of Commercial Real Estate With Launch of Transcon Ramdev Plaza

Transcon Developers, the pioneers of the residential realty segment, have recently forayed into the domain of commercial real estate through the launch of its upcoming exceptional commercial project, Ramdev Plaza. Santacruz, Mumbai

Business Wire

'House for sale' among top keywords for property search

More than 1 lakh people search monthly for buying and renting houses or flats around India, and more than 900 crore pages cater to these searches. The top homebuyer-related keywords for property search are house for sale, flat for sale, plot for sale, property in, bungalow in, office for sale, a joint report by SEMrush and Colliers has revealed.

Money Control

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