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Indian Real Estate News : Bangalore
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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
Reserve Bank of India eases rules for low-cost home loans
Source: The Economic Times Dec 01, 2014
The Reserve Bank of India has eased norms to fund low-cost housing by permitting banks to extend loans against long-term infrastructure bonds. The Reserve Bank of India however barred lenders from providing loans against long-term infrastructure bonds issued by other banks. ... more
Ministry may end 3-year lock-in for foreign investors in construction
Source: The Economic Times Nov 25, 2014
Overseas investors could get a free run in the construction and development sector with the government considering removal of the three-year lock-in for the overseas investments. The housing ministry's latest proposal is now being examined by stakeholder ministries, including the Department of Industrial Policy and Promotion (DIPP). ... 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
Real Estate Bill to be reality soon: Venkaiah
Source: The Hindu Business Line Nov 25, 2014
The Real Estate Development and Regulation Bill is in the final stage of consultation after talks with various stakeholders, Urban Development Minister M Venkaiah Naidu said on Monday. “I have gone through the draft yesterday. Once the Cabinet approves the Bill, I am hoping for early clearance. If not this Winter session, then by Budget session of Parliament, the Bill will be a reality,” he said. ... more
FIXED-RATE LOAN IS BACK!
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
Housing prices rise in 18 cities by up to 3.9 per cent: NHBHousing prices rise in 18 cities by up to 3.9 per cent: NHB
Source: The Times of India Nov 05, 2014
Housing prices appreciated in 18 major cities by up to 3.9 per cent in April-June over the preceding quarter while property rates fell in six cities including Delhi, according to National Housing Bank (NHB). In the national capital, housing prices dropped by 3 per cent during the first quarter of this fiscal compared with the January-March 2014. ... 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
NRI investments seek OUT INDIAN REALTY
Source: The Times of India Oct 25, 2014
The way the Indian realty sector has emerged and developed in the recent past is exemplary. This sunshine sector is now becoming one of the most preferred investment options for many, including businesses and individuals alike. This growing industry has now become the current favourite of NRIs who are very eagerly investing in properties in their homeland. ... more
Best time TO BUY A HOUSE!
Source: The Times of India Oct 25, 2014
There are distinct pointers that suggest that the Indian real estate market is in recovery mode in the current festival season. Developers like Gaursons, Supertech, Amrapali, Unnati Fortune Group, KV Developers, etc, say that not only enquiries but transactions too have picked up by around 15% in this period. ... 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
Lighten your tax burden from sale of real estate
Source: The Financial Express Sep 01, 2014
Capital gains tax is an aspect that every property seller needs to consider in a cost-sensitive MARKET. The amount of capital gains tax depends on the time period the property is held on to. If the property is sold after three years of purchase, the resultant gains (known as long-term gains) are taxable at a fixed rate of 20%. When it comes to long-term capital gains, the acquisition cost of the asset is recalculated based on indexation, which factors in inflation in its calculation by using the Cost-Inflation Index. The benefit is that tax on a long-term capital gain is taxed only at 20% after indexation. This brings down the amount of tax payable considerably compared to short-term capital gains tax. ... more
Tokyo to give $35 billion for infrastructure projects
Source: The Financial Express Sep 01, 2014
India will get $35 billion from Japan over the next five years for developmental projects, including building of smart cities and next-generation infrastructure, as Premier Shinzo Abe on Monday pledged to partner Prime Minister Narendra Modi’s “ambitious” vision of inclusive development, reports PTI. ... more
MNCs increasingly prefer buying to leasing office space
Source: The Economic Times Aug 31, 2014
Multinational companies are increasingly buying properties to set up their offices instead of leasing offices as they preferred for years, marking a strategic shift that signals the growing importance of the Indian market and the long-term commitment of the global firms. ... more
SEBI nod for real estate, infrastructure trusts
Source: The Hindu Business Line Aug 31, 2014
The Securities and Exchange Board of India has decided give its nod to set up Real Estate Investment Trusts and Infrastructure Investment trust to give a new lease of life to the construction industry. ... more
Homebuyers expect property prices to rise in next six months: Survey
Source: The Economic Times Aug 25, 2014
Prospective homebuyers expect property prices to rise over the next six months, according to a survey by IIM Bangalore and real estate portal Magicbricks. "The latest Housing Sentiment Index (IIMB-MB HSI) by IIM Bangalore and Magicbricks forecasts that homebuyers across 9 of the 10 cities surveyed expect real estate prices to rise over the next six months," Magicbricks said in a statement. ... more
Finance Minister Arun Jaitley hints at making changes in land acquisition law
Source: The Economic Times Aug 25, 2014
Congress-ruled states have petitioned the new Narendra Modi government on the United Progressive Alliance ( UPA) government's land acquisition law reinforcing the widespread criticism of the new law that has practically stalled all land acquisition. "I have met a number of leaders of the last government who (are) very critical of the land bill... including Congress chief ministers who are now realising...," finance minister Arun Jaitley said, indicating the government may be inclined to changes. ... more
Circle rates short-circuit MARKET
Source: The Times of India Aug 22, 2014
The current MARKET prices of property have fallen below the circle rates owing to the subdued realty MARKET in many locations like New Friends Colony , Kalindi Kunj, and Noida in the NCR; Behala, Thakurpukur, Kolkata Main and Lake Town among others in Kolkata, and in small cities like Bhopal. There are many other cities and localities where this aberration has surfaced, affecting property transactions adversely. ... more
Banks directed to bring in more innovation in home loan products, deposits
Source: The Hindu Business Line Aug 20, 2014
RBI has asked banks to bring in more financial innovation into the home loan products and deposits induced by way of savings. Speaking at a Real estate banking conclave, R Gandhi, Deputy Governor at RBI said, “There needs to be financial innovation with respect to loan products and one such product would be savings induced to home loan or a home loan deposit.” ... 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
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