The lease term is 60 months with a lock-in interval and commands a rental of Rs a hundred seventy five per square foot. So far, MCD has collected Rs 1,811 crore as property tax from almost eleven.5 lakh taxpayers. Discuss the country’s newest Real Estate News with the paper’s reporters, editors, and other readers. Kenya is projected to have the quickest economic progress rate in Africa in 2021 according to ….
- Green constructing can be one of the driving pressure for tenant relocation as occupiers prioritise sustainability targets in addition to the their employees’ wellbeing.
- The implementation of Vietnam’s new Land Law, effective from next 12 months, brings significant adjustments that can shape the landscape for real estate traders, notably foreign buyers, who must navigate these modifications strategically.
- “Investors will more and more search for residential investments in these cities which have the next upside potential in comparability with Tier I cities.
- Homeowners remain reluctant to promote and quit the low mortgage rates they locked in two years in the past.
Central Pattana, an actual estate arm of Thailand’s Central Group, has made an official foray into Vietnam. The Real Estate Business Law in Vietnam introduces vital amendments in comparison with its predecessor, with a particular emphasis on the rights and obligations of foreign traders. The Presidential candidate of the Labour Party during the 2023 general elections, Peter Obi, has called for stringent measures to be taken so that Nigeria is not going to proceed its harmful slide into anarchy. Experts have acknowledged the pivotal position real estate performs in wealth creation, sustainability and home possession.