Hey guys, we are back with the latest weekly real estate news updates (25 July 2022 to 04 August 2022) curated from the nation's finest sources.
Chandigarh: Banwarilal Purohit, Punjab Governor and UT Administrator waives off over 50 percent of the property tax (principal amount) of EWS houses in Chandigarh. There was also an approval to waive off the penalty amount from 2019 to 2022 for these homes.
Coimbatore: Coimbatore's corporate council approved zone based property taxes for new buildings. The zones will be divided into A, B, C & D zones, wherein the A zone will have the highest slab.
Kochi: Pinarai Vijayan, Hon Chief Minister of Kerala, has stated that the state has built over 46 lakh sq ft for the IT sector, especially in Kochi Infopark. The government aims to create over 63 lakh sq ft and also to raise as many as 67000 employment opportunities.
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Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
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