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Indian Real Estate News : Pune
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Ikea to open 25 stores in India
Source: Business Standard Oct 08, 2015
Swedish home furnishing brand Ikea has drawn up a long-term plan to open 25 stores in the country. ... more
Depreciating rupee, appreciating NRI realty market
Source: Financial Chronicle Oct 08, 2015
NRI's are taking maximum advantage of the current scenario as the cost of buying property in India has come down by 20-25 per cent ... more
Internet is changing the ways of real estate operation
Source: Financial Chronicle Oct 01, 2015
Technology has made everyone shift from traditional ways of living and working. With various advancements that keep taking place every now and then, all major industries like banking and real estate are now focusing on a strong online presence to cater to the needs of their customers. ... more
Finance ministry to compile list of projects for foreign governments
Source: The Economic Times Oct 01, 2015
Narendra Modi government's version of the project monitoring group set up by its predecessor to get stalled infrastructure development moving again. ... more
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
Now get e-sanction of building plans in Kolkata in 45 days
Source: The Times of India Aug 25, 2015
The long awaited initiative to sanction building plans online has now become a reality in Kolkata with Mayor Sovan Chatterjee launching the initiative on 19th August.Online sanctioning of plans is expected to reduce the time taken to sanction a building's plan. With this initiative the existing time to acquire approval for building plan would be reduced from the existing limit of 3 months to 45 days. Three applicants have already received online sanctions for buildings in Swinhoe Lane and Canal Road (south) on 19th August. ... more
Affordable homes offer $11.8 billion opportunity for builders
Source: The Times of India Aug 25, 2015
Affordable home segment presents a business opportunity worth USD 11.8 billion for developers across seven major cities of the country, according to property consultant Cushman and Wakefield. Cushman and Wakefield (C&W) has pegged the demand for affordable housing at 5,35,400 units across Delhi-NCR, Mumbai (MMR), Bengaluru, Chennai, Hyderabad, Kolkata and Pune. ... more
Digital Rush
Source: Financial Chronicle Jul 23, 2015
Call it generational advantage. There was a time, not too long ago, when the Indian consumer shopped for the very barest necessities, groceries, food items and the little conveniences of life, on the mobile phone. That itself represented a change from the days of mom-pop stores, where the basics were ordered on the landline. Then came the purchase of fashion and electronic goodies on the mobile, which was a further improvement. ... more
The 'view' that sells properties
Source: The Times Of India Apr 24, 2015
One of the renowned developers in East Coast Road (ECR), Chennai is asking between Rs 70 lakh and Rs 1 crore for 2 and 3BHK apartments with a sea-view while another developer in Bangur Nagar, Mumbai is demanding around Rs 80 lakh for 1BHK flats with a sea-view. ... more
India Infoline Housing Finance cuts home loan interest rate by 25 bps to 9.90%
Source: The Financial Express Apr 16, 2015
Private sector housing finance company India Infoline Housing Finance Ltd (IIHFL) has cut the interest rate on its home loans by 25 basis points to 9.90%, from 10.15% earlier. The reduced rates will be applicable with immediate effect. ... more
Tata Housing likely to invest Rs 2,000 cr on new projects in 2015
Source: Hindustan Times Apr 16, 2015
Banking on falling interest rates and a reviving economy to boost a thus-far sluggish housing market, Tata Housing Development Company (THDC)plans to launch at least 10-12 new properties this year, up from about seven in 2014. ... more
Government plans two immersed tunnels through sea, river in Andaman & West Bengal
Source: The Economic Times Apr 14, 2015
India may get the first two immersed tunnels through sea and river in the next few years. The shipping ministry has envisaged these projects one between Kakdwip and Sagar island in West Bengal and the other connecting Chatham and Bamboo Flat in Andaman Nicobar islands. ... 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
Industry welcomes Real Estate Regulatory Bill
Source: The Times Of India Apr 09, 2015
Manoj Gaur, MD Gaursons India Ltd. & President CREDAI Western UP: We welcome the nod on the Real Estate bill from the cabinet as it will send out the positive signs. This bill will help in keeping a check on the developers who are indulge in the malpractices which is effecting the image of the sector among the buyers and investors as well. It would have been much appreciated if the Real Estate Regulatory Authority was granted limited controlling authority. However, we will propose our inputs to the government which can be added in the bill to make it more effective from the buyers and developers point of view? ... more
Good news for home buyers! Nod for amendments to Real Estate Bill
Source: The Times Of India Apr 09, 2015
The Union Cabinet has approved the Real Estate Development and Regulation Bill along with certain key amendments that will make way for setting up of a regulator for the sector. The Bill and a uniform regulatory mechanism across the country are aimed at protecting property buyers' interest by bringing in much-needed transparency and accountability into the sector. ... more
Home loan rate of 8-9% can trigger real housing recovery: Credai
Source: The Economic Times Apr 09, 2015
Reducing home loan rates to 8-9% can improve buyer sentiment and trigger a recovery in the housing sector, Getamber Anand, the newly elected president of industry body Confederation of Real Estate Developers Association of India (CREDAI), has said. "Single-digit home loan rates coupled with the festive season will surely bring fence-sitters to the market and boost housing demand from October this year," Anand said on Tuesday. ... more
Smart City project will be implemented on public-private partnership mode after cabinet approval
Source: The Economic Times Apr 02, 2015
Smart City project is in advanced stage and will be implemented on public-private partnership (PPP) mode after cabinet approval. Urban Development Minister Venkaiah Naidu said this during discussions with a Swedish delegation, led by Anna Johansson, Sweden's Minister for Infrastructure. ... more
Now, no stamp duty on transfer of flat, land to heirs
Source: The Times Of India Mar 28, 2015
Immovable property - land, house or flat - can now be transferred to one's children or blood relatives without paying stamp duty for registration. This will come as a major relief as families won't have to pay a 5% of the ready reckoner rate of the property as stamp duty. Making the announcement, revenue minister Eknath Khadse said an affidavit on a Rs 100 stamp paper would suffice. He later changed it to Rs 500 as the government no longer deals in Rs 100 stamp paper for property matters. ... more
Design trend: Natural and minimalist are in vogue
Source: Financial Chronicle Mar 19, 2015
The interior design segment in India is undergoing a sea change with global trends, designs and materials finding a place in our living spaces, and at the same time as the rest of the world. Indians today are well-travelled and want nothing short of the best and the latest for their abodes. ... more
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