Japan’s Dentsu considering sale of HQ building, said to be worth $2.9 billion, Real Estate News, ET RealEstate

File Photo Japanese advertising giant Dentsu Group Inc said on Wednesday it is considering the sale of its Tokyo headquarters, which local media said could fetch around 300 billion yen ($2.9 billion). The Nikkei business daily earlier reported that Dentsu may sell its 48-story building in the central district of Shiodome, near Ginza, and then […]

PM to release Rs 2,691 crore to 6.1 lakh residents in Uttar Pradesh under PMAY-G, Real Estate News, ET RealEstate

NEW DELHI: Prime Minister Narendra Modi will release financial aid of nearly Rs 2,691 crore to 6.1 lakh beneficiaries in Uttar Pradesh under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) on Wednesday. The Prime Minister will hand over the assistance at noon via videoconference, during which Union Rural Development Minister Narendra Singh Tomar and Uttar Pradesh […]

Homebuyers queue up for Delhi Development Authority housing scheme, Real Estate News, ET RealEstate

NEW DELHI: Around 46,500 home aspirants have registered for Delhi Development Authority’s Housing Scheme 2021 and more than 10,000 have already applied for the 1,354, mostly two- and three-bedroom, flats on offer. The scheme was launched on January 2 and saw DDA’s website getting nearly 10 lakh hits on Day 1 itself. It offers 254 […]

ICRA expects recovery in housing demand to continue due to improved affordability, Real Estate News, ET RealEstate

NEW DELHI: Housing affordability in India has historically been low, with unit pricing remaining high due to rising land costs, zoning and floor indices-based restrictions, and high transaction costs and taxes. In recent years though, the government has been taking steps towards moderating real estate transaction/finance costs and taxes, through measures such as higher income […]

Lohegaon residents want different property taxe rate; Pune civic body to look into issue, Real Estate News, ET RealEstate

File photo PUNE: Proximity with an upscale locality usually helps residents of peripheral areas gain some benefits in terms of rates of property and development — but residents of Lohegaon located towards the east and north side of Viman Nagar demur strongly. These locals have raised a complaint with the Pune Municipal Corporation (PMC) property […]

Jharia fire zone residents refuse to relocate to new flats, Real Estate News, ET RealEstate

File photo SINDRI: Land title holders living in the fire zones of the Jharia coalfield on Saturday refused to move to the new flats being constructed under the Jharia Rehabilitation Scheme in the Belgaria township and demanded that the district as well as the BCCL administration provides them with plots of land, cost of building […]

Professionals working from home to pay regular residential property tax, Real Estate News, ET RealEstate

NASHIK: The Nashik Municipal Corporation (NMC) has decided to levy regular property tax rates on the residences of professionals — including lawyers, chartered accountants (CA) and doctors — who have been using their homes as offices. Currently, the civic levies three-times more than the normal residential tax rate for the portion of a home that […]

Poor response to afforable houses in Pune civic body’s limits, Real Estate News, ET RealEstate

PUNE: Only 1,200 of the 2,918 winners of the online lottery conducted by the Pune Municipal Corporation for allotment of apartments under the Pradhan Mantri Awas Yojana have so far paid the 10% advance, necessary for the purchase of flats. The civic administration on Monday issued a public notice, urging the remaining beneficiaries to complete […]

Noida authority halts occupation certificates in six sports cities, Real Estate News, ET RealEstate

NOIDA: The Noida Authority has formed a committee to suggest a roadmap for the six sports cities planned across sectors 78, 79, 101, 150 and 152, a move that will halt the process of selling and buying flats in these areas. The authority has said no occupation certificates would be issued till all facilities and […]

Incuspaze launches 50,000 sq ft co-working space in Vadodara, Real Estate News, ET RealEstate

NEW DELHI: Incuspaze, a managed office space provider, in association with the Alembic Group has launched 50,000 sq ft co-working space in Vadodara, the company said in a media release. The center has 1000-seat capacity, which will be rolled out in two phases. In the first phase, the company will go live with 500 seats […]

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