90% pay new property tax, but revenue dips

90% pay new property tax, but revenue dips

The good news for the civic body is that despite the vociferous protests against its new property tax system, nearly 90% of the 2.64 lakh citizens who were sent bills have cleared their dues. The bad news, however, is that its collection has dropped by nearly Rs400 crore as it had to reduce the tax […]

Bangalore-based retailer Shankara BuildPro, which is into home improvement and building products, has filed for an initial public offering to raise about Rs 450 crore. According to market sources, the company has filed the draft red herring prospectus (DRHP) with the market watchdog Sebi today and proposes to mop up between Rs 4

Shankara BuildPro files for Rs 400-450-cr IPO

Bangalore-based retailer Shankara BuildPro, which is into home improvement and building products, has filed for an initial public offering to raise about Rs 450 crore. According to market sources, the company has filed the draft red herring prospectus (DRHP) with the market watchdog Sebi today and proposes to mop up between Rs 400 crore and […]

Bengaluru's residential real estate market stabilising

Bengaluru’s residential real estate market stabilising

BENGALURU: Residential real estate market in Bengaluru is stabilizing and catching back with its pre-demonetization phase after seeing steepest fall post global financial crisis. Sudhir Pai, CEO Magicbricks says,“Our Data sciences and analytics team, enables us to give un-opinionated views about the real estate market trends. Insights from our recent PropIndex report show that while […]

BENGALURU: On November 8, 2016, the government de-notified specified bank notes of Rs 500 and Rs 1,000 as legal tender. The temporary shortage of cash adversely impacted several sectors that depended on cash, notably wholesale markets, informal sector

Realty still likely to be unaffordable post remonetisation and RERA

BENGALURU: On November 8, 2016, the government de-notified specified bank notes of Rs 500 and Rs 1,000 as legal tender. The temporary shortage of cash adversely impacted several sectors that depended on cash, notably wholesale markets, informal sector and even parts of the real estate industry. The latter involves both formal as well as informal […]

Rental realty gains in crunch times

Rental realty gains in crunch times

BENGALURU | MUMBAI: Rental property market is edging out capital property market now as end users await clarity before deciding on outright purchase. The residential property market across Mumbai, Delhi, Bengaluru, Pune and Chennai has witnessed an increase of 812% in average weighted rental values against dormant capital values for the year 2016, property brokers […]

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