GET IN TOUCH

#198/6, BSR Arcade
Gandhi Bazaar Main Road,
Next to Adyar Anand Bhavan,
Basavangudi,
Bangalore : 560 004
Karnataka, India

TEL : 91-08-42421019
MOBILE : 9742814697 / 9019112051
EMAIL : info@magnumdevelopers.com

Monsoon is good season for Investment in Real estate

In an agriculture-dominated economy like India, the realty sector is generally witness less transactions on account of several factors. After spending money during summer, the middle class and upper class look down for investing heavy amount during the monsoon.

Real estate market see return of pre-launches

Key property markets such as Mumbai, Delhi and Bangalore are seeing a return of project pre-launches, signalling rising momentum in real estate sales as buyers and investors regain confidence in the sector.

Property taxes set to rise in Bangalore by 15 pc

Bangalore City Corporation (BBMP) is planning to increase property tax by 15%. BBMP Commissioner Siddaiah had sent a proposal to increase the tax rate by 15 to 30 per cent as the block period of the Unit Area Value system comes to an end this March.

Land values in B'lore remain resilient

Despite the sluggishness in the real estate market some recent land transactions indicate that land values remain resilient. In one of the biggest land transactions in Bangalore in recent times, Ashok Piramal-promoted Peninsula Land has bought close to 4 acres in JP Nagar for Rs 123 crore in an all cash deal.

Land on the outskirts Mysore City only

Mysore is the second largest city in Karnataka and is one of the most peaceful and beautiful cities of India. Besides its numerous palaces and royal buildings, Mysore City is also known for proximity to several other places of interest such as Srirangapatna, KRS Dam and Shivanasamudra falls and Bangalore.

Dos and don'ts of renovation of flat

Renovation of your flat without consent of your Housing Society or Apartment Owners Association is illegal. An apartment owners association in any state may be registered under - the Societies Registration Act.

Tips for buying apartment

The demand for property is rising day- by-day. Buying an apartment from reputed dealer or developer offers you or its residents the convenience of lifestyle facilities like a club-house, swimming pool, gymnasium etc.

Take over maintenance from builder

Demand for flats is increasing in the last few years, thanks to rising land cost. Increasing land cost discourages middle or low income people to own an individual house in a prime locality. The growing apartment culture in cities and increasing property value encourage property buyers to invest in apartment or flats.

Housing for 'The Aam Admi'

Real estate plays an important role in the growth of Indian economy. This sector happens to be the second largest employer after agriculture and is expected to grow at the rate of 30 per cent over the next decade.

How to maximise tax benefits on joint housing loan

For most tax-payers, the first three months of a calendar year are extremely hectic. In addition to meeting various year-end deadlines at their workplaces, they also scramble to make tax- saving investments before March 31.