Gujarat realtors withdraw stir as Govt cuts jantri by 50 per cent
Real estate developers across Gujarat have withdrawn stir as the government decided to give a 50% relief on increased jantri rates.
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Realtors, Congress claim credit for jantri rollback
The rollback on jantri rates has been welcomed by land developers and builders as well as the Opposition Congress, which claimed the government had given in to public sentiment.
Gujarat realtors to continue protest on Jantri; round 2 discussions on April 14
Real Estate developers in Gujarat are unanimous to protest against the revised jantri rates. Even after their talks with the Government on Monday they have announced that they will continue their protest by not executing any sale deeds till May 5.
CB Richard Ellis’ predicts surge in retail realty
Demand for residential development will continue to remain unabated, but the requirement of real estate by retail industry over the next five years and even thereafter will provide a major thrust to the property market in India, said CB Richard Ellis’ global president Robert E Sulentic.
Government keen to clean realty deals
The government is keen to clean realty deals and wants to crack down on money laundering. It wants a closer look at the real estate market, widely perceived to be the biggest sink of black money in India.
Gujarat govt files caveat over new jantri rates
The Gujarat Government is determined to back its new jantri rates – or government assessment of the value of properties which have come into effect from April 1. There rates have been increased from 2.5 to eight times across the state.
Chennai needs 60,000 more houses
India’s housing shortfall is estimated to be around 27 million and Chennai city alone faces a deficit of 60,000 housing units.
India’s housing markets mixed, says Global Property Guide
Interest rate rises are beginning to bite in India, and housing markets in major cities weakened in 2010, says a report by the Global Property Guide.
Realtors protest new bill
Real estate developers have expressed their reservations to the proposed Real Estate Bill 2011, which is likely to see light by this year-end.
Realtors trip to knowledge share at Singapore
Around 1,000 developers will be flying to Singapore to attend a two-day knowledge-sharing event on March 28 and 29.