Call Us - 91 33 4020 4020  
Sign In  I  Sitemap   
AxiomEstates - India Real Estate
     India Properties Worldwide
Axiom Banner
Bookmark and Share
E-mail Print Tell A Friend

Residential Properties

Indian Real Estate News
« prev   next »
Sustainable real estate: Roadblocks to growth
Source: The Times of India Mar 18, 2014
The reasons for the relatively slow growth of India’s green real estate sector can be defined at different levels. At the policy level (Centre and State): The scale of policy-level incentives continues to be a constraint for manufacturers of green technologies, products and equipment as also for developers and consumers of green buildings. To be more precise, the incentives being offered are not consistent across all states, and in states where they exist, the implementation mechanism is not aligned to the expected throughput. ... more
HUDCO raises Rs. 279 cr from 3rd tranche of tax-free bonds
Source: The Hindu Business Line Mar 17, 2014
State-owned Housing and Urban Development Corporation (HUDCO) today said it has raised Rs. 279 crore through the third tranche of tax-free bonds. The Finance Ministry had allowed HUDCO to raise Rs. 5, 000 crore through bonds in the current financial year. HUDCO had raised Rs. 4, 714 crore from the first two tranches of tax-free bonds and private placements. ... more
Make the most of online property auctions
Source: The Hindu Business Line Mar 09, 2014
With the economy tottering, bad loans are piling up at many banks. This is forcing banks to put on the block assets pledged by defaulting borrowers. Therefore, in adversity lies an opportunity, even if it’s for someone else. ... more
Real estate may perk UP POST POLLS
Source: The Times of India Mar 07, 2014
Hit by slowing economic growth, rising borrowing costs, and high property prices, demand in the realty sector remained subdued in 2013particularly in the housing segment resulting in sales slowdown and pressure on asset pricing across leading cities. Experts say the current cautious market sentiment is likely to continue, as headwinds to growth will prevail at least until the first half of 2014. ... more
All India Mayor’s meet: Connecting with your city’s first citizen
Source: The Times of India Feb 21, 2014
Mayors are the lifeline of your city. Whatever your city is facing - good or bad the mayor is accountable for that. At Magicbricks, we have always made it a point to make the city authorities hear your voice, to know your feedback and concerns and at the same time update you with the latest from their side- whether it is policy or infrastructural developments. ... more
How to make your real estate investment earn for you
Source: The Times of India Feb 12, 2014
Exclusive or pure investors buy property for the exclusive purpose of earning a profit on them; they do not utilise the estate personally. The properties in question can be residential (flats, bungalows, row houses, duplexes, etc.), commercial properties (offices, factory sheds, etc.), retail (e.g. mall space) and non-developed or partially developed land. ... more
Gift deed: How to transfer your property
Source: The Times of India Feb 09, 2014
Transfer of property often turns out to be a cumbersome process. More often than not, transfer of properties involves relatives. In such cases it is a gift deed that comes in handy and not a sales deed. So, what is a gift deed? “Gift is the transfer of property from one person to another without consideration. Once gift deed is properly executed and registered it conveys all legal rights and ownership to the donee, i.e. to whom the gift is made and he or she becomes the absolute owner of the same. No one can claim ownership upon the same after execution and registration of the gift deed,” explains Asha Basu, partner, S Jalan & Company. ... more
Housing sector seeks to tap long-term funds
Source: The Financial Express Feb 09, 2014
The finance ministry is considering a proposal to channelise pension, insurance and provident funds into the housing sector. Allowing long-term funds from such funding institutions is aimed at helping housing finance companies (HFCs) overcome the asset liability mis-matches. ... more
Rules to check realty spread in New Town Kolkata
Source: The Times of India Jan 30, 2014
The government has come up with the draft of the New Town Kolkata Planning Area (Building) Rules 2014 and a Land Use and Development Control Plan (LUDCP) to check unplanned urbanisation in the area. The government aims to develop real estate in Rajarhat that is within the New Town planning area. It will present the final publication of both the building rules and LUDCP once suggestions and objections stop coming. ... more
Industry reaction on increased repo rates
Source: The Times of India Jan 28, 2014
"It is a highly disappointing step by RBI to raise repo rate by 25pbs. It is not going to help RBI curb inflation any more. In fact, in its fight with inflation, Hon’ble governor is completely ignoring the IIP data which is already diving down into negative territory. The manufacturing and construction sector is struggling hard to move on. We were actually expecting a rate cut instead from the apex bank which would have infused some positive vibes in this sentiment driven market. This move by RBI would encourage banks to increase their lending rates which are already beyond reach. I am afraid this rate hike will demoralize home buyers who already prefer fence-sitting due to unstable political scenario. Indeed, it is a bad days for Indian realty.” ... more
Valuation of built-up space for houses & offices corrected in Salt Lake area of West Bengal
Source: The Economic Times Jan 27, 2014
The finance department of the West Bengal government has corrected the valuation of built-up space in certain localities of the city and its periphery for residential sector as well as for offices in Sector V of Salt Lake. Sector V apart, CREDAI Bengal is in talks with the finance department to standardize prices of commercial and office space in the city by the end of the current fiscal. ... more
Single Window Clearance system to be priority in 2014
Source: The Times of India Dec 27, 2013
The NCR Chapter of Confederation of Real Estate Developers Association of India or CREDAI-NCR has mooted a proposal to intensify its efforts for a single window clearance for projects. In a meeting to take stock of 2013, Anil Kumar Sharma, president, CREDAI-NCR & CMD, Amrapali Group and the members of the body were of the view that unnecessary and sometimes motivated delays in clearances of projects and subsequently in issuing the NOC for possession purposes are not only affecting the buyers but also negatively impacting the developers. In the view of experience faced during 2013, the members supported a proposal for concerted and sustained efforts for making the single-window clearance system a reality in 2014. ... more
Global property investing to reach 7-yr high in 2014
Source: The Financial Express Dec 27, 2013
Global property investing activity is set to hit a seven-year high by volume in 2014, led in part by growing confidence in financial markets and with activity in Europe and Asia expected to heat up, a report said on Friday. Property consultant Cushman & Wakefield said it sees global investment volumes rising by up to 15% next year, after climbing an estimated 8.4% to $978 billion in 2013. ... more
Ensuring affordable housing for migrant poor
Source: The Economic Times Dec 27, 2013
The latest National Sample Survey Organisation report shows a significant decline in the number of slum households in urban areas. The number came down by 32% to 33,150 in 2012 compared to 49,000 in 2009, though experts have raised doubts. ... more
Don't expect real estate prices to crack over next 1-2 quarters: Edelweiss Financial Services
Source: The Economic Times Dec 27, 2013
In a chat with ET Now, Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services, shares his views on real estate space. ... more
2014 to bring in hope for real estate sector
Source: The Times of India Dec 22, 2013
As the year 2013 becomes part of our collective memory, a quick rap up leaves us enriched with the experience of the passing year. It was both exciting and disappointing year for the Indian real estate sector. While the introduction of the Real Estate Regulatory Bill in Lok Sabha and consent to the Land Acquisition Bill in the parliament will reap benefits in the future, slowing economy left the real estate fraternity disappointing from the point of view of expectations. The RBI’s bold decision to hold the REPO rate at the end of the year has helped the sector enter the New Year with optimism in air. ... more
Mortgage guarantee more than just a safety net
Source: Livemint Dec 22, 2013
All over the world, the housing market has been a key contributor to shaping an economy. Predictably so, as most of the economies are driven by consumer spending and this becomes the single most important criterion to shape the housing market. Consumer confidence, increased earnings, high individual income leveraging capacity and the risk taking ability of the banking ecosystem has defined the housing market. However, a critical component of the story has been the role of mortgage guarantee (MG), popularly known as mortgage insurance in other parts of the world. ... more
Bansdroni offers cheaper apartments than neighboring areas
Source: The Times of India Dec 16, 2013
Bansdroni located in the South Kolkata, witnessing large scale of residential developments offering property at a competitive price in comparison to neighbouring areas such as Garia, Tollygunje, EM Bypass and Jodhpur Park. Apartment values are Rs 500-1000 per sq ft cheaper in Bansdroni. ... more
West Bengal to face shortage of 2.68 million houses: CREDAI Kolkata President
Source: The Times of India Dec 15, 2013
West Bengal is expected to face a shortage of 2.68 million units of dwellings, which will be required by 2030, says CREDAI Kolkata President, Harsh Patodia in an exclusive conversation with He reveals that in order to meet the immense housing shortage, it is estimated that about 99% of this housing shortage will be for the households falling in the Economically Weaker Section (EWS) and Low Income Group (LIG) segments. The remaining will be for the luxury and mid segment. ... more
Industry positive about real estate sector in 2014, seeks govt’s support
Source: The Times of India Dec 15, 2013
At the two day conclave organized by CREDAI in New Delhi, on the theme of ‘Housing, the game changer-leading to double-digit GDP growth,’ all the eminent speakers present seemed positive about the real estate in 2014. However, they added in the same breath that the government needs to focus on the sector and take up measures to aid real estate development in the country. ... more
« prev   next »
Citywise News
    All India
    Delhi NCR
    Other Cities
News Category
    Home Loans
    Tax and Legal