Mumbai House sales down 24%

In the first nine month (January to September)  of current year (2011) , sales of residential property in Mumbai, dipped 24% against the same period in 2010. Major reason as high  property price and high home loan interest rate. According to data released by Director Genera…

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Delhi: Stamp duty on property to go down

Delhi people can look forward to some relief from the stamp duty levied on registration, sale and transfer of property. The Union Urban Development Ministry has recently written to the state government prodding it to lower the stamp duty in the Delhi. The Union Urban Develo…

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Allahabad Bank: New home loan scheme

Allahabad Bank has introduced a new home loan product namely AllBank Aashiana at attractive interest rates and at lower processing fee. The new scheme will be effective December 1, 2011. According to the press release issued by the Allahabad Bank, The rates of interest on t…

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Realty Bill: May Open New Doors to Secure Property Buying

Indian Realty Bill:  May Open New Doors to Secure Home Buying by Dhirendra Kumar , Editor, ValueResearchOnline .com For many Indians, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a dr…

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India's Cement Demand : Sluggish in November, 2011

Dispatches of India's leading cement makers like  ACC, UltraTech Cement & JP Associate fell 7 %, 3% and 4% during November, 2011. Main reason was the slowdown in infrastructure spending and 2 consecutive price hikes. The only exception was Ambuja Cement, which mana…

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Share Review - SAIL Target Rs. 130

SAIL (Steel Authority of India Limited ) is an India based steel making company. SAIL’s business segments include 5 integrated steel plants and 3 alloy steel plants, which are manufacturing units. It’s principal products include hot rolled coils, plates and rails. During t…

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Interest rate on home loans may falling

India's fourth-largest mortgage lender, LIC HFL (LIC Housing Finance Ltd), is working out a new floating rate product with an initial interest rate of 10.4 % loans up to Rs. 30 lakh, to be launched in January, 2011. It will discontinue its fixed cum floating rate home l…

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Indian Real Estate shares – Intraday Tips For 7 December 2011

Recommendations for 7 December 2011 Scrip Trigger Price Stop Loss Target 1 Target 2 DLF BUY ABOVE 224.65 222.60 227.10 230.50 SELL BELOW 220.20 222.20 217.75 214.50 Scrip Trigger Price Stop Loss Target 1 Target 2 UNITECH

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When can a Landlord Evict a tenant?

When can a Landlord Evict a tenant? - 14 valid Reasons  by Advocate P B Suresh Babu According to Tamilnadu Rent Contol Act..! A Landlord who seeks to evict his/her tenant shall apply to the Controller for a direction in that behalf. A tenant shall not be evicted whether in …

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Income Tax On selling Property Jointly Owned With Spouse : Court Important Ruling..!

If you have purchased a  property (Plot of Land or House) in joint name with your spouse (Husband or Wife), you can now claim full exemption from  LTCG Tax (Long Term Capital Gain Tax) when you sell it. Delhi High Court recently held that full exemption under Section 54 F …

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