Builders hunt for cheaper land technology to offer affordable housing

Written by Jayanta Monday, 21 July 2014

( 0 Votes )NEW DELHI: Builders are scrambling to acquire cheap land and technology for low-cost housing after the government and central bank announced incentives for affordable housing, including cheaper loans to developers and buyers. Real estate companies including Tata Housing, ATS Infrastructure, Bhartiya Group and Anantraj Industries are busy sewing up...

Reserve Bank Scheme to Allow Ownership of Property Abroad

Written by Jayanta Monday, 21 July 2014

( 0 Votes )KOCHI: You have got some disposable amount, and want to own a real estate asset abroad. Now, it is possible as the Reserve Bank of India (RBI) allows resident Indians to remit money abroad for the purchase of immovable properties. According to a new RBI directive, banks are allowed to remit up to US$125,000 (around Rs 75 lakh) every financial year...

Subrata Roy pleads for court’s mercy

Written by Jayanta Monday, 07 July 2014

( 0 Votes )NEW DELHI: The Supreme Court on Friday reserved its order on release of Subrata Roy for 40 days after the Sahara group chief pleaded for ” raham” (mercy) and urged the court to let him out of jail so that he could negotiate the sale of properties to deposit Rs 10,000 crore with Sebi. “Raham is what is required now in this case....

Delhi tops India list for property fraud cases. Here’s how people are being duped

Written by Jayanta Monday, 07 July 2014

( 1 Vote )Delhi tops the list in terms of cases related to property fraud and misappropriation among all states and union territories in the country, according to the National Crime Records Bureau (NCRB). The total number of cases reported in sections of property lost under criminal breach of trust and cheating during 2013 was 181, the highest in the...