Page 2 - Property

China rolls out property policies to boost demand, fix real estate crisis

A flurry of Chinese cities are rolling out measures to boost housing demand, signaling the government's intention to arrest a property crisis.

'Property registrations in Mumbai up 20% YoY in Aug, slip from July-level'

Property registrations in Mumbai municipal area this month rose 20 per cent to more than 8,100 units -- highest in 10 years for August -- but fell 28 per cent from July, according to Knight Frank. Mumbai city (BMC area) saw property sale registrations of 8,149 units in August 2022, contributing over Rs 620 crore to the state revenues, Knight Frank India said in a statement. In July, the registration of properties stood at 11,340 units. "August 2022 was the best in a decade for the month of August in a decade," it said. The consultant highlighted that 85 per cent of the properties registered in August 2022 were residential and 9 per cent commercial. "The largest share of home buyers in August 2022 is in the 31-45 years of age category having a contribution of 47 per cent of the total residential property registrations. Buyers in the age group 46-60 years have a share of 32 per cent, while 12 per cent home buyers are under 30 and 9 per cent are over 60," Knight Frank said. Properti

Sometimes, tax is payable on deemed income from unoccupied house

A house owner can claim only up to two properties as self-occupied

As China's property crisis deepens, experts see a silver lining for India

The crisis that started with the collapse of real estate giant Evergrande has become worse for China, with several property giants now showing signs of potential loan defaults

Home sales growth or decline? Property market split over demand

Residential sales hit a nine-year high in the first half of this calendar year (CY), said UK-based property consultant Knight Frank in a report recently

Buying property in Delhi to get costlier as MCD hikes transfer duty by 1%

Officials said after the hike, the transfer duty will be 4 per cent for men and 3 per cent for women

You can claim exemption on cost of making new house habitable: Experts

Only substantial structural changes eligible under Sec 54 of I-T Act

Maharashtra's revenue from property registrations to hit all-time high

Within the first 11 months of FY22, the state has earned Rs 5,671 crore from property registrations, which is 63 per cent higher than Rs 3,474 crore in FY21

DLF eyes Rs 47,000 cr revenue from 35 mn sq ft new projects in medium term

Realty major DLF Ltd has revised upwards its sales revenue potential by 17 per cent to Rs 47,000 crore

Property registration in Mumbai hits 10-year high, demand moderates

Spurt in home sales after state government cut stamp duty appears to be cooling off, say industry experts.

One Sotheby's International Realty Adds Miami Real Estate Veteran Nathan Lieberman

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ITC Hotels signs up first property in Udaipur under its new brand Mementos

Slated to open in the first quarter of next fiscal, the 130-room property is spread over 106 acres with each room offering a view of the beautiful panoramic Arravalis

Chinese property developer Evergrande's debt struggle rattles investors

One of China's biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting concern about a broader economic fallout and protests by buyers

China's top property giant Evergrande under 'tremendous pressure'

China's top developer firm Evergrande is under immense pressure as anxious investors recently protested at its demanded repayment of loans and financial products, a media report said.

India's red-hot property stocks seen extending run on demand surge

India's property market is rebounding after being in a down cycle for the last six years as a series of headwinds ranging from the pandemic, a bad-loan crisis and a surprise 2016 cash ban hurt demand

Banks are auctioning 2,362 properties in next 30 days. Grab one for a song

But get a thorough title check done and ensure there are no outstanding dues

Amid Covid, Mumbai sees 10-year high in property registrations in July

Normally, properties need to be registered within three months of the purchase

Woman's right to property can't be waived off over consent affidavit: HC

The Gujarat High Court has said that a woman's right to a share in her father's property cannot be relinquished on the basis of a mere consent affidavit signed by her waiving her rights.

Boost for realty as West Bengal proposes rebate on stamp duty in budget

2% rate cut proposed, along with 10% deduction in circle rate, which sets the value at which a property is registered

Mumbai has 4-fold jump in property registration in June as city eases curbs

Share of women homebuyers in new sales for residential property improves from 1.8 per cent in May to 4.7 per cent in June.