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::  Property News

Improving Real Estate Market Outlook: Mixed Impact In 2015

The financial crisis of 2008-09 played an important role in enhancing the maturity of all stakeholders in the Indian real estate space. During the crisis, when poorly designed and planned projects failed en masse, investors and developers realised the importance of adhering to basic market principles and fundamentals that help sustain growth. Today, investors are using metrics such as financial leverage position, transparency level and corporate governance to evaluate developer performance. In that sense, I must say that the crisis was an absolutely necessary evil. more...

BBMP set to outsource property tax assessment

Engineers and valuers will get 20 per cent commission on the additional tax obtained after fresh assessment more...

BBMP makes tax payment easier

With the arrival of the new financial year, the Bruhat Bengaluru Mahanagara Palike (BBMP) has begun accepting payment of property tax for the current assessment year 2015-16. To facilitate easy payment of tax, the BBMP has given the option of online, as well as different modes of payment offline as well. more...

OC not mandatory for new Power connections...KERC

Property owners in newly constructed apartment complexes can now breathe easy as the Karnataka Electricity Regulatory Commission has undone a State Govt circular to make Occupation certificate a mandatory document to get a new Power connectionmore...

Whitefield Metro eyes 137 prime properties

The Namma Metro phase-2, which connects Majestic station with Whitefield via Baiyappanahalli, has reached a crucial stage with Bangalore Metro Rail Corporation Limited (BMRCL) finalizing 137 properties to be acquired in the stretch between Mahadevapuara and Satya Sai Hospital. more...

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