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Indian Real Estate News
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Industry expecting good sales on Akshaya Tritiya
Source: The Times of India Apr 17, 2014
While Akshaya Tritiya is round the corner, it is one such momentous occasion which is taken into consideration while dealing in property. With sluggish economic phase, real estate industry is expecting high number of transaction on this auspicious occasion which will bring back the eminence in the sector. ... more
Several luxury projects coming up in Kolkata
Source: The Times of India Apr 17, 2014
With a large number of upcoming projects, the luxury real estate market of Kolkata is set to shed the lull. One might not assume that a segment like luxury would have many takers in the realty market of Kolkata realty sector, which is branded as slow but steady. However, with several luxury projects coming up in Kolkata, the developers venturing in the segment can be sure that they can see their business growing. ... more
Plan finances, bring down COST OF LOAN
Source: The Times of India Apr 11, 2014
Come the financial year end and its time to plan finances again. Tax-saving investments, insurance policies and major purchases planned in the forthcoming financial year have to be budgeted accordingly. In most cases, a house is the most significant investment the average Indian makes in a lifetime both in terms of value as an investment and asset for a lifetime. ... more
Care homes: Silver lining for SENIOR CITIZENS
Source: The Times of India Apr 11, 2014
With the life expectancy of people increasing dramatically owing to modern medicine and other healthcare facilities, the retirement years of the average citizen often stretches to two three decades. Thus, this is a period in ones life that one cannot ignore and must plan and prepare for it. ... more
Buying a property? Pick one before elections are over
Source: The Economic Times Apr 10, 2014
Discounts and offers from real estate developers are common, but this Navaratra was extra special with builders going over the top-bigger discounts, a variety of flexi-payment plans and freebies to attract buyers. The reason? The property market is witnessing a glut. According to Cushman and Wakefield, there was a 12% drop in new launches in the top eight cities and yet the supply is more than demand. Prices have remained flat (even fallen in some specific pockets) for quite a few months, there is no demand and the inventory is piling up. Basically, the industry is facing a slowdown from the past few months. ... more
Real estate sector may see upswing after polls
Source: The Hindu Business Line Apr 09, 2014
US-based Brahma Management, an FDI asset management firm focused on domestic real estate, said it expected commercial realty prices to rise 20-25 per cent after elections. ... more
Investors want better infrastructure in Rajarhat, Kolkata
Source: The Times of India Apr 09, 2014
A lot of issues need to be looked on to make Rajarhat New Town an attractive commercial and business destination. An interactive meet was organised on April 5 with real estate investors who have taken plots in the township in the last two years through an expression of interest process. The investors presented their action plan as to how they will utilise the allotted plots and also gave some useful suggestions as to how the infrastructure could be further spruced up. “The investors gave presentations of their project action plans and also flagged a few issues which would be looked upon, ” said an official of the Housing Infrastructure Development Corporation (Hidco). Economist and chairman of the West Bengal Infrastructure Development Finance Corporation (WBIDFC) Dr Abhirup Sarkar presided over the meeting. ... more
Investors want better infrastructure in Rajarhat, Kolkata
Source: The Times of India Apr 09, 2014
A lot of issues need to be looked on to make Rajarhat New Town an attractive commercial and business destination. An interactive meet was organised on April 5 with real estate investors who have taken plots in the township in the last two years through an expression of interest process. The investors presented their action plan as to how they will utilise the allotted plots and also gave some useful suggestions as to how the infrastructure could be further spruced up. “The investors gave presentations of their project action plans and also flagged a few issues which would be looked upon, ” said an official of the Housing Infrastructure Development Corporation (Hidco). Economist and chairman of the West Bengal Infrastructure Development Finance Corporation (WBIDFC) Dr Abhirup Sarkar presided over the meeting. ... more
How to choose between bank, housing finance company
Source: Business Standard Apr 07, 2014
Bringing 20 per cent of a property’s cost to the table isn’t normally easy for a home loan borrower. Then, there is an additional cost of stamp duty and house registration, easily around Rs 3 lakh for a house costing Rs 50 lakh in Mumbai. ... more
Some respite for home buyers
Source: The Financial Express Apr 06, 2014
In what could spell a major relief for homebuyers hit by a volatile floating rate loans, the National Housing Bank (NHB) has planned to use a significant portion of tax-free bond proceeds to shore up long term fixed-rate mortgage loans especially for low and moderate income housing in urban areas and suburbs. This is a part of NHB’s broader strategy to bridge the demand-supply gap. ... more
Where to look for plots for Rs 1-5 lakh in Kolkata
Source: The Times of India Apr 06, 2014
Abundant supply of virgin land bank at attractive prices makes residential plots a fad in Kolkata. In a span of a quarter, there have been noticeable changes in the investment patterns where even the peripheral regions are being given a thought. The new trend amongst investors in Kolkata is to invest in the residential plots, thanks to the ample virgin land bank in the region. ... more
Important facts you don’t know about home loan
Source: The Times of India Apr 03, 2014
Home loan is the driving force behind the Indian residential real estate market. Without home loan, a large portion of the Indian population would be forced to live in rental houses. Because of this facility, one can be a proud home owner without having enormous amount of ready cash. Since, this plays a vital role in sustaining the real estate market not only do home buyers depend on home loans, but developers as well. ... more
Home loans grew 20% in 2013-14, says NHB chief
Source: The Hindu Business Line Apr 02, 2014
Banks and housing finance companies (HFCs) together logged 20 per cent growth in home loans in FY2014, the same as in the previous year, according to RV Verma, Chairman and Managing Director, National Housing Bank. In absolute terms, home loans disbursed by banks and HFCs collectively increased by Rs. 1. 60-lakh crore in FY2014 to Rs. 9. 60-lakh crore as at March-end 2014. ... more
Invest in property now and earn rental returns
Source: The Times of India Apr 02, 2014
If you are real estate enthusiast, this might just be the right time for you to own a property and earn some handsome rental returns! At a time when buyer sentiments across the country are still wobbly, rental markets have given some hope to the harried investors. What this essentially means is that if you cannot earn capital appreciation, rental income is sure to come by. How? Read on. ... more
Credai favours lower interest rate regime to boost housing sector
Source: The Hindu Business Line Apr 01, 2014
The Confederation of Real Estate Developers’ Association of India (Credai) today urged the Government to focus on development of the housing sector by reducing interest rates. Reacting to the credit policy, C. Shekhar Reddy, President Credai-National, said, “The real estate sector has been faced with high input costs, high cost of funds and a moderate demand over the last few months. The sector has been ignored and needs immediate focus to build confidence. ” ... more
Is this the right time to invest in Goa?
Source: The Times of India Mar 27, 2014
Have you been planning to buy a home surrounded by beautiful beaches and lush greenery? Goa is a place in India where everyone wants to own a home. However, the volatility of Indian government made the real estate market of Goa face some hard time. Just like the rest of the country, the Indian tourism’s haven Goa has also faced the brunt of rising prices affecting actual transactions. ... more
Kolkata: Property values rise by Rs 1. 5 lakh in 6 months
Source: The Times of India Mar 25, 2014
Peripheral locations like Madhyamgram in Kolkata are witnessing an upward value trend though still supporting the ‘affordable’ tag. Kolkata’s real estate has been stable for a long time with no major fluctuation in prices. Of late, the investment scenario has highlighted noticeable changes. Magicbricks. com reports rising price trends in Madhyamgram. What stood at Rs 2, 500 per sq ft six months back has seen an increase to Rs 2, 650 per sq ft. Options include a varying range of 2BHK configurations having an area of 550-1100 sq ft which is now available within Rs 14-26 lakh. Apartments of 3BHK configuration start at Rs 28 lakh for an 1100 sq ft area to Rs 33 lakh for a 1320 sq ft area. ... more
Studio apartments a hit amongst young buyers
Source: The Times of India Mar 23, 2014
With young professionals showcasing their interest towards investing in real estate, developers across India are giving it a serious thought to deliver projects in their budget. Studio apartments or small multi-storey units top the list that targets the young segment across India. ... more
Office space demand to grow by 7% in 2014: DTZ
Source: The Economic Times Mar 23, 2014
Office space absorption is likely to rise 7 per cent this year to 29 million sq ft in India's 7 major cities as corporates look at expanding businesses, says global real estate consultant DTZ. ... more
Kolkata: Bidhan Nagar Sector V realty looks up
Source: The Times of India Mar 18, 2014
A prominent location in North East Kolkata, Bidhan Nagar’s Sector V has emerged into a IT hub with the giants of the IT industry operating in this area. The locality has emerged into a central business area with a significant rise in the number and quality of shopping complexes, classy housing estates, theme parks, convention centres and multispecialty hospitals. Moreover, the area also has a few academic and research institutes. ... more
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