New Development Bank plans to double loan book this year by $16 billion

By Accommodation Times Bureau CAPE TOWN: The New Development Bank (NDB), plans to almost double its loan book to $16 billion this year and increase its impact, as the Bank seeks to broaden its global development partnerships and mobilise more institutional and private capital. NDB is a multilateral finance institution established by Brazil,

How to save taxes on property purchases 

With the enactment of Goods and Services Tax (GST), today’s taxation system in the context of purchasing a property has become much effortless than it was before July’2017. Several taxes previously applicable on property purchase like VAT, Service tax, just to name a few, now have all been comprehended under this single

ICICI Bank introduces instant home loan approval upto Rs 1 Cr

By Accommodation Times Bureau MUMBAI: ICICI Bank today announced instant & paperless home loan approval of upto Rs 1crore for the tenure of upto 30 years. It also started top-up loan service for existing customers to avail loan and instantly receive the money in the account. Instant Home Loan, enables lakhs of pre-approved salaried

Kotak Realty Fund Partners DivyaSree Developers to develop & acquire commercial office

By Rohit Sharma BENGALURU: Kotak Investment Advisors Limited (KIAL) today announced that it has launched a new fund which will partner with DivyaSree Developers, a leading Bengaluru-based real estate developer, to develop and acquire commercial office assets across India. “The $400 million India Office Assets Fund I is anchored by a wholly owned

Shraddha Landmark opts HDFC ERGO’s Title Insurance policy for upcoming project

By Accommodation Times Bureau MUMBAI: Shraddha Landmark Private Limited (SLPL) for their upcoming project in Bhandup has adopted Title Insurance policy of HDFC ERGO. Title insurance has been developed stemming from the requirement of the Real Estate Regulation and Development Act 2016 (RERA), which mandates the purchase of Title Insurance for all new

Bank of India raises Rs 660 Cr by selling shares to employees

By Accommodation Times Bureau NEW DELHI: Under Employee Share Purchase Scheme (ESPS), Bank of India (BoI) on Tuesday said it has raised around Rs 660 crore. The Bank issued a share to its employee under ESPS. Bank in a statement said, 4, 25, 52,188 shares for Rs 10 each to employees has been issued. It

GST cut to boost under construction properties, housing sales

By Rohit Sharma MUMBAI: The Real Estate Sector which has been suffering from low sales levels for the last few years will see an increase in housing sale. On Sunday the GST Council said Real estate sector is one of the largest contributors to the national GDP and provides employment opportunity to

Mumbai Planning Committee approves Rs 1.26 Billion annual plan for Mumbai

By Accommodation Times Bureau MUMBAI: The Mumbai City District Planning Committee in a meeting on Tuesday under annual plan 2019-20 has approved Rs 120 crores 61 lakhs for the Mumbai City. In this scheme, Rs 101 crores 69 lakhs for the general plan, Rs 18 crores 76 lakhs for scheduled castes, Rs 16

Navi Mumbai – The planned city

By Rohit Sharma Navi Mumbai is a planned city of Maharashtra. As the name suggests, it is the newer side of Mumbai and is located off the western coast of Maharashtra. It lies on the west coast of Maharashtra and is situated on the trans-harbour line. The city is divided into