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Kolkata home buyers need affordable properties
Source: The Times of India Aug 27, 2015
Kolkata home buyers are looking for affordable properties, reveals the latest edition of the Housing Sentiment Index (HSI), Apr-Jun 2015, a joint initiative by IIM-B and Magicbricks. As per the report, respondents have favoured the Rs 20-40 lakh and below Rs 20 lakh categories as the most preferred price range at 37 per cent and 28 per cent, respectively. Interestingly, both these categories have noted a dip in sentiments, which means buyers in Kolkata are expecting property prices to fall further. Take a look at the affordable properties of Kolkata. ... more
Why you should invest in a second home?
Source: The Times Of India Apr 13, 2015
There is no doubt in the fact that real estate price appreciation is not just beating the inflationary pressure but is also offering the buyer good returns provided that the location and policies favor the realty eco-system. ... more
Guidelines to NRIs for buying property in India
Source: The Times Of India Apr 13, 2015
Thrilled by the steps taken by the central government, there are many Non Resident Indians (NRIs) or Person of Indian Origins (PIO) who are looking to invest in the real estate market of India. However, many remain unaware of the procedures and implications related to property purchase. ... more
Kolkata: Where to invest Rs 43L to earn Rs 2L per year
Source: The Times Of India Apr 10, 2015
If you are an investor looking to earn healthy rental returns in Kolkata, then investing in Tollygunge and Narendrapur can be a viable choice for you. According to the data available with Magicbricks, these localities are currently offering some of the highest rental returns in the city. ... more
Brokers' body suggests dedicated fund for infrastructure projects
Source: The Economic Times Feb 17, 2015
In order to help mobilise money from the capital market for infrastructure sector, brokers' grouping ANMI has said the government should set up a dedicated fund for such projects and provide tax incentives on investments. ... more
Singapore's GIC bets heavily on Indian realty
Source: Business Standard Jan 29, 2015
Singapore's sovereign wealth fund GIC, has bet highly on Indian real estate in the recent months. GIC, which manages assets worth $100 billion globally, has invested or committed Rs 2,500 crore in the many deals it has done in the past six months. GIC is ahead of Blackstone, another prolific global investor in Indian real estate, which has reportedly done deals worth about Rs 1,500 crore in six months. ... more
CREDAI chief says 'Yeh Dil Maangey More'
Source: The Times of India Jan 16, 2015
Hailing Reserve Bank Governor Raghuram G Rajan for announcing a cut by 25 basis points in its repo rate as a "good beginning", developers apex body CREDAI chairman and CMD of Kumar Urban Development Pvt Ltd, Lalit Kumar Jain said: "This is not enough." In fact, Jain called for a roll back of all liquidity tightening measures and easing the situation to make cost of funding for both home buyers and developers cheaper than what it is today. ... more
Real estate sector to see a turnaround in 2015
Source: Jan 14, 2015
A cut in interest rates is round the corner, which should boost the demand for real estate. A government with the strong mandate has already initiated a series of reforms which should create a positive environment for growth. ... more
Real Estate Regulation Bill in the offing: Venkaiah Naidu
Source: The Hindu Business Line Dec 27, 2014
The NDA Government is planning to introduce a comprehensive Real Estate Regulation Bill to protect the interests of the buyers as well as to regulate the industry, according to the Union Minister for Urban Development, M Venkaiah Naidu. He was speaking at the silver jubilee function of the Visakhapatnam chapter of the Confederation of Real Estate Developers' Associations of India (Credai) here on Thursday evening. He said, however, the industry need not be worried over the move, as "the Government is only contemplating regulation, not strangulation, of the industry. In fact, it is best if the industry regulates itself through organisations like Credai by adhering to a self-imposed code of conduct. It will obviate the need for Government intervention." ... more
Sector bets big on Year 2015
Source: The Times of India Dec 27, 2014
Hopes Centre will bring quick reforms: reduce time taken for approvals, remove bottlenecks in the supply of raw material Given the positive sentiments that prevail in the economy-and these are translating into increased demand for office space-there is expectation that the residential sector will see an upward momentum in 2015. ... more
Real estate v/s stocks, gold: Which is right for you?
Source: The Times of India Dec 02, 2014
With many options of INVESTMENT available in the market, real estate buyers and investors would like to know which is better - real estate or stocks or mutual funds or investing in the yellow metal. Which would you prefer for your FINANCIALportfolio? What should you keep in mind before investing? Each type of investment has its pros and cons. There are several aspects of each that make them unique investments in their own way. To advise and guide you on the same, Magicbricks organised GuruTalk - a live chat session with Kalyan Chakrabarti, managing director, Red Fort Capital. The topic of the session was ‘Real estate V/s other investment options, in today’s market’. ... more
Interest subvention scheme for housing sector soon: Venkaiah Naidu
Source: The Economic Times Nov 25, 2014
The government will soon launch an interest subvention scheme in the housing sector that will meet part of the buyer's home loan burden, Union urban development minister M Venkaiah Naidu said on Monday. Speaking at the annual Confederation of Real Estate Developers' Associations of India (CREDAI) Conclave, Naidu said the scheme will benefit home buyers in the middle and lower income groups besides those belonging to the economically weaker section (EWS) category. ... more
Source: The Times of India Nov 08, 2014
After a long time, the fixed rate home loan is back in the MARKET. Over the last few years, the interest rates on housing loans have been gradually increasing. Even though they stabilized over the last couple of years, there were not many banks offering a fixed-interest rate loan. In case of a fixed-rate loan, the rate of interest is decided before hand at the time of availing the loan.The rate remains the same during a fixed part of the tenure of the loan irrespective of the MARKET rates. In case the interest rate goes up, the borrower still pays the prior agreed lower rate. In case the interest rate goes down, the borrower loses as he has to pay a higher rate com pared to the MARKET rate. ... more
Land acquisition law may be eased for PPP projects
Source: Business Standard Nov 05, 2014
The National Democratic Alliance government is planning to exempt public-private partnership (PPP) projects from the need to obtain consent of affected families and the mandatory social-impact assessment, through amendments to the land acquisition law. In the Bill put up by the previous government and passed by Parliament, PPP projects need consent of 70 per cent of affected families and have to study the social implications in the neighborhood. ... more
Jaitley calls for interest rate cut, says it will trigger growth
Source: The Times of India Oct 24, 2014
For the first time in four months, finance minister Arun Jaitley has called for a reduction in interest rates, saying lower rates would trigger demand for homes. "Currently, interest rates are a disincentive. Now that inflation seems to be stabilizing somewhat, the time seems to have come to moderate the interest rates," ... more
KMC vows to amend building rules
Source: The Times of India Aug 24, 2014
Kolkata Municipal Corporation (KMC) is bent on amending its building rules to regularize minor deviations by the middle class The civic body plans to amend its rules in case of violations like additional constructions or renovations to the houses. The move comes inspite of a Calcutta high court order restricting KMC from legalizing unauthorized constructions against a penalty. While the court said that KMC cannot regularize illegal buildings against a penalty, the buildings department earned Rs 55 crore in 2013-14 as penalty from such regularizations. ... more
Cost of houses pretty high, scope for reduction: RBI's S S Mundra
Source: The Economic Times Aug 20, 2014
Stating that home prices are high, Reserve Bank deputy governor S S Mundra today said there is a need for price correction, especially given the high inventory levels with developers. "I believe there is enough scope for home prices to come down from the higher perch because of huge inventory pile-up in several markets," he said addressing a gathering of realty players in the financial capital. ... more
Industry welcomes SEBI’s approval on REIT
Source: The Times of India Aug 13, 2014
The Securities and Exchange Board of India (SEBI) approved the setting up of real estate INVESTMENT trusts (REITs), a move that may offer a new source of financing to India’s cash-strapped property developers. Anuj Puri, chairman & country head, JLL India – With the stamp of approval by SEBI, REITs are finally a formalized concept. This is a big change from the ambiguity and uncertainty that prevailed about this very important instrument in previous years. It is gratifying to note that SEBI fully intends to deliver on its assurances of bringing better and faster FUNDINGinto Indian real estate. ... more
Real estate investment trusts: Pros and cons
Source: Business Standard Aug 12, 2014
The real estate industry received a much-needed boost recently when the Securities and Exchange Board of India (Sebi) finally cleared guidelines for the real estate investment trusts (Reits). This gives the cash-strapped industry a new route to tap capital. Real estate is notorious for the number and size of the bubbles it creates. The global financial crisis of 2007 and its sequel, the crisis of 2012, were both sparked off by real estate bubbles. The price of the same land can vary a lot, depending on sentiment. ... more
Tips to get a good deal from resale property
Source: The Times of India Aug 11, 2014
An apartment that you can move into within days, with all the logistics taken care of and no new apartment hiccups - is this what you are looking for? Then buying a re-sale property is your best option. Magicbricks takes a look at some of the things that you need to look at to make an informed decision. ... more
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