RERA, set for roll-out across the country in May, is widely expected to make the real estate sector professional and be accountable to customers There has always been a general percep tion, rightly so, that the real estate sec tor is skewed in favour of developers and that consumers are left with no recourse […]
The year 2016 has been an eventful one for India’s real estate sector. The first half of the year witnessed early signs of a revival in momentum, as reflected in improved sales and a drop in unsold inventory levels across the top residential markets in India (as compared to H1, calendar year 2015). As the […]
The RoB which is coming up at the junction of sector 100 and 37-D at Basai village will fill a crucial connectivity gap on the 18-km-long Dwarka Expressway. The much delayed Railway-over-Bridge (RoB) at Basai on Dwarka Expressway is expected to be completed in next two months. Major construction work including slab over the railway […]
Those With Rs 12-18L|Yr Pay To Get Subsidy Those with annual income of up to Rs 12 lakh in urban areas would soon be eligible for 4% rebate in interest for a home loan up to Rs 9 lakh while 3% rebate can be availed on Rs 12 lakh loan by those who earn up […]
Home loan rates have fallen to their lowest level in six years with the State Bank of India, the country’s largest lender, cutting the effective rate to 8.6% from 9.10%. While the SBI cut its one-year marginal cost of lending rate (MCLR) — the benchmark to which home loans are linked — to 8%, against […]
The transitional slowdown in demand which we witness as an after math of series of reforms has nothing to do with the huge pent-up demand for housing in India. With the new Government at the centre, we have been witnessing series of radical and transformational reforms – Demonetisation, Real Estate Regulator Bill (RERA), FDI relaxations, GST, Benami Transactions […]
In the immediate aftermath of demonetisation, prognosticators were quick to warn of a collapse in prices across the Indian property market. This idea has been reinforced to some degree by reports, accurate or not, of a dip in the interest level of potential buyers of residential properties. But a thoughtful analysis based on long-term trends, […]
After demonetization of high-value currency notes, Prime Minister Modi is all set to crack the whip on benami property holders. After demonetization of high-value currency notes, Prime Minister Modi is all set to crack the whip on benami property holders. He has already hinted at this so many times and even today, making his last […]
NRIs have an advantage in luxury property market in India post-demonetisation as real estatedevelopers in major cities of the country have ‘significantly’ dropped property rates, according to Singapore-based business analysts. “Given the recent demonetisation move, property rates have significantly dropped across various cities in India,” said Abhijit Ghosh, India Desk leader at PricewaterhouseCoopers (PwC) Singapore, […]
There has been unwarranted fear mongering in the country post the announcement of demonetisation. However, if we take a long term view on issues, demonetization will help bring a positive change in the real estate sector. While the industry will stand to gain from the shift towards a more transparent and organised environment, there are […]