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thornburg investments
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State Scorches Realty Street
By property vertical
PUNE: High-value realty deals in Maharashtra hit a record high in FY06 on the back of hefty investments by HNIs and some big-ticket sale transactions. The total number of registrations of property valued at over Rs 30 lakh rose by a staggering 126% — 41,145 documents were registered in FY06 compared to 18,176 in FY05. The maximum number of deals was struck in Mumbai suburbs followed by Thane and Pune. Put together, they accounted for 95% of the high-value realty deals. Property registrars across the state have just furnished information on high-value property transactions in FY06 to the National Securities and Depositories (NSDL) which hosts the tax information network, said Om Prakash Gupta, inspector general (registration) and controller of stamps, Maharashtra. August 31 is the deadline for filing annual information returns (AIR) by property registrars and six other agencies. These agencies have to quote PAN numbers of their clients. Once the PANwise data is segregated, tax authorities will match the investments made by individuals with their tax returns to pin down evaders. This time around, PAN has been quoted for most of the transactions. So, matching investment profiles with tax returns will be much easier. The value of property market in
Further development in North Herts in early 2009.
CAMPAIGNERS have received support from councillors in a bid to stop houses being built on Green Belt land surrounding their town.<BR><BR>Two presentations were made at the North Hertfordshire District Council's Hitchin area committee meeting last week by groups opposing plans to build hundreds of new homes around Hitchin.<BR><BR>Representatives from West Hitchin Action Group and Hitchin Forum spoke at the meeting of their opposition to further builds and Hitchin's councillors unanimously opposed development on Green Belt land surrounding the town.<BR><BR>The proposals, which include building rows of houses west of Lucas Lane on the western edge of the town, are part of the district council's land allocation plan which could see thousands more homes being built across North Hertfordshire.<BR><BR>These plans have in turn been moulded by the East of England Plan.<BR><BR>The council's consultation period ended last Wednesday, and it is likely to announce its preferred options for further development in North Herts in early 2009. <BR><BR>News- UKLI
the state is estimated at over Rs 1,00,000 crore — using stamp duty collections a proxy and without factoring in cash deals. The maximum stamp duty now is 5% of the value of the immovable property. “The surge in the number of high-value realty dealings in FY06 could be on two counts. First is the appreciation in property prices — with rates moving up properties purchased at, say, Rs 25 lakh could have been re-sold at over Rs 30 lakh. Coupled with this has been the increase in demand for property,” said R Vasudevan, CMD, Vascon Engineers. Registrations in suburbs of Mumbai topped 28,111 compared to 9,490 in FY05, marking a near 200% growth, whereas the numbers grew by a modest 13.2% in Mumbai city. Property deals were on a roll in the Thane division — with total number of registrations at 5,085 as against 2,151 in FY05. Among the big-ticket property transactions last year was the sale of NTC land and the asset in the the Bandra Kurla complex. Pune witnessed a 56% jump in registrations — 1,588 as against 1,016 in FY05. “There was a 60-70% increase in the demand for property in FY05 and FY06. Clearly, the buoyancy may not be sustained this fiscal as the hike in home loan rates will impact purchases,” said Lalit Kumar Jain, chairman, Kumar Builders.
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UKLI - Invest in UK Land for Sale
<BR>When it comes to safe and secure investment, Land investment always is the best choice. Invest in UK Land from <a href="http://www.ukliplots.com/ukli-plots.php"><b>UKLI</b></a> which offers UK Plots starting from 14,000 GBP.<BR><BR>On the subject of a safe and secure investment our representatives also explained the company’s land investment policy, in which the company ensures that the best interests of its clients match its own best interests by retaining up to thirty percent of each development. We at <a href="http://www.uklilandresources.org/"><b>UKLI</b></a> truly care about the health of our client’s investments.Invest in UK Plots from UKLI
Many people have a hard time believing that land in the UK could be so economical. UK plots from <a href="http://www.uklilandsales.com/"><b>UKLI</b></a> starting from 14,000 GBP! It’s actually cheaper to invest in this UK land than in land in some parts of India. <BR><BR>This is due to the fact that the land selected by <a href="http://www.uklilandresources.org/"><b>UKLI’s</b></a> land surveyors is undeveloped land not currently zoned for development. Part of what the company does is get that land appropriated for development. Upon allocation the land can yield returns of up to 400% over a period of only three to seven years. In reality, the only thing a client has to lose is time.<BR>
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