Meanwhile, in India, the Maharashtra government on Wednesday decided to exempt residences in Mumbai, that are less than 500 square feet, from paying property tax for another five years, a move that’s going to bring relief to people residing in 17 lakh such homes in the city. In 2010, the Brihanmumbai Municipal Corporation had decided to levy property tax based ...
Read More »Global Real Estate
Irish property prices rises again in April
Irish residential property prices rose by 0.6 percent in April to push prices 15.8 percent higher year-on-year following falls earlier this year that briefly slowed a recovery from a 2008 real estate crash. Property prices in Dublin, which led the recovery climbed 1 percent on the month to stand 20.2 percent higher than a year ago. While prices across Ireland ...
Read More »Difference between Leasehold and Freehold
There are two fundamentally different forms of legal ownership: freehold and leasehold. Although estate agents tend to gloss over it, the difference can be between a home that is worth buying and one that isn’t. Many people who don’t sort this out when they buy a home end up regretting it – getting it wrong can be hugely expensive. For ...
Read More »History of Surveying
Surveying or land surveying is the technique, profession, and science of determining the terrestrial or three-dimensional position of points and the distances and angles between them. These points are usually on the surface of the Earth, and they are often used to establish land maps and boundaries for ownership, locations like building corners or the surface location of subsurface features, ...
Read More »A couple talk candidly about living ‘hand to mouth’ in their dream home
Louise Edgerton, her partner, John Camus, and her 10-year-old daughter, Fianna, joke around while making brownies. They move around with ease in the gleaming white kitchen of the new dream home they designed themselves. But for Edgerton, one financial setback could change everything. “I am discouraged, because I don’t see the light at the end of the tunnel. It’s a ...
Read More »Infrastructure as a real estate entity
The state of infrastructure is an essential framework in assessing and indicating the status of any urban system. The efficiency of any form of human avocation, including metropolitan area, largely depends on the provision of efficient infrastructure and services. It can therefore be concluded that the significance of infrastructure in the proper functioning of an area cannot be over-emphasised. The ...
Read More »Cayan Group signs investment-fund deal for Saudi project
Cayan Group has signed an investment-fund deal with Saudi Arabia-based MEFIC Capital for the construction of a commercial property in Riyadh, the Gulf-based real-estate developer said in a statement. The fund will be utilized for a project to be built on King Fahd Road, estimated for completion in the third quarter of 2017. Cayan Group – which has offices in ...
Read More »Dangote’s Ethiopian Cement plant set for commissioning
Prime Minister of the Federal Democratic Republic of Ethiopia, Mr. Haile Mariam Desalegne, is expected to perform the opening ceremony at an event that will be graced by top members of the Nigeria business community. A statement from the Dangote Group indicated that the government and the people of Ethiopia are excited about the timely completion of the project and ...
Read More »DUBAI: Pakistanis buy property worth $379m in first quarter
Talk about home away from home, Pakistanis remained in pursuit of real estate in Dubai in the first quarter of 2015 as third biggest amount of foreign property transactions $379 million came from Pakistani nationals, according to local media sources. Pakistanis purchased properties worth over $4.3 billion (16bn dirhams) in 2013 and 2014 in Dubai, authorities stated. According to data ...
Read More »‘Government builds 200,000 social housing units annually’ – Salah Hassan
Egypt government is building 200,000 residential units annually as part of the Social Housing Programme, with 46,000 of them located in Cairo, according to the programme’s executive body head, Salah Hassan. In an interview with state television Sunday, Hassan said the cost of the units does not exceed EGP 135,000, “even though the real cost is double this figure, but ...
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