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Indian Real Estate News
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Housing for all by 2022 Narendra Modi govt's motto, CSR push by private sector desirable: Venkaiah Naidu
Source: The Financial Express May 30, 2014
Highlighting the priorities of his ministry, Union Minister for Urban Development, Housing and Poverty Alleviation Venkaiah Naidu today said private sector as part of their social responsibility should go for housing for their staff. ... more
CREDAI, NAREDCO’s wish list for Modi govt
Source: The Times of India May 26, 2014
With Narendra Modi swearing-in as the Prime Minister of India today, NAREDCO and CREDAI, the national level real estate key bodies representing all stakeholders shared their wish list. ... more
57% of Indians think next 30 days good time to buy real estate
Source: The Economic Times May 26, 2014
Nearly 60 per cent of Indians think that next one month would be a good time to buy real estate with improvement in consumer sentiments following formation of a stable government, according to a survey by global research firm Ipsos. ... more
ICICI Bank announces cut in home loan rates
Source: The Times of India May 21, 2014
ICICI Bank, the largest private sector lender, has announced a 0.10 per cent reduction in home loan rates for a limited period, bringing them on par with bigger rival State Bank of India. ... more
West Bengal government gears up Rs 600-crore projects
Source: The Economic Times May 21, 2014
With the election season over, the West Bengal government is back with proposals for projects worth Rs 600 crore in gems and jewellery and food parks.State's Finance Minister Amit Mitra said after a meeting of the Cabinet Committee on industrial reconstruction that 14 plots had already been sanctioned for the purpose offering employment opportunities for nearly 20,000 people. ... more
Real estate expects industry status in Modi’s rule
Source: The Times of India May 18, 2014
The real estate sector has been yearning for the industry status for long now. After facing disappointment time and again, the sector now expects this move from the new government, which in most probabilities is going to be the NDA-led government. ... more
Tata Housing to invest Rs 450 crore on housing project at Kolkata
Source: The Economic Times May 08, 2014
Realty firm Tata Housing will invest about Rs 450 crore over the next four years to develop a new housing project in Kolkata. This is the company's second project in Kolkata, Tata Housing said in a statement. ... more
Tata Housing launches Kolkata project
Source: The Hindu Business Line May 07, 2014
Real estate firm Tata Housing Development Co on Wednesday launched its second residential project for Kolkata. Avenida is a luxury residential complex of 29-storied towers at Rajarhat on the outskirts of the city. The project is spread over 13 acres and has a total of over 700 apartments, ranging from 1080 sqft to 1,500 sqft. ... more
Now, no penalty for pre-paying your loans
Source: The Hindu Business Line May 07, 2014
Now you can pre-pay your home loans, vehicle loans or personal loans without having to worry about what your bank might charge you as penalty. The RBI has directed banks to not levy any penalty on individual borrowers pre-paying floating rate term loans. ... more
Kolkata: Rajarhat offers affordable rents
Source: The Times of India Apr 29, 2014
PropIndex, a quarterly real estate publication by Magicbricks informs that Rajarhat has climbed two slots up the ladder securing the fourth position in Jan-March ’14, in the list of preferred rental localities as compared to the last quarter. Besides this, the good news is that Rajarhat still surfaces with affordable rental accommodations starting at Rs 4500 per month. ... more
Where to invest in Kolkata: Top 3 localities
Source: The Times of India Apr 20, 2014
Kolkata is witness to a slow but steady and stable realty market but still nothing has kept the investors away from the city. Following are the three localities that figure among the top ten localities in the city, as per the emerging trends in Kolkata and Magicbricks’ quarterly report titled PropIndex. Here’s a brief tour of some of the viable options available for the potential homebuyers. ... more
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
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