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Lower interest rates can help you buy your home
The banking regulator, Reserve Bank of India has hinted at interest rate cuts to the tune of at least 100 basis points or one per cent in the year 2013. In the credit policy announced in the month of...
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Buying land emerges as a viable investment option
The system of acquiring loans for the purpose of buying a piece of land or plot, work in the same way as home loans do, subject to a few differences. Most banks offer loans to people who want to invest...
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Existing buildings can now go Green with IGBC rating
Indian Green Building Council (IGBC), part of Confederation of Indian Industry (CII) has launched the first-of-its-kind rating system to address sustainability aspects in existing buildings.The rating...
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Realty projects at holy places
If you are planning to invest in a second home or a vacation home, pilgrim spots like Haridwar, Rishikesh, or Amritsar could well be your best options.Developers are offering a variety of realty...
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Realtors welcome rate cut; seek more reduction
Welcoming the RBI decision to cut key policy rates by 0.25 per cent, the real estate sector on May 3 said there is a need for further reduction so that the interest cost to builders and home buyers...
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BMC plan to certify legality of bldgs to be finalised soon
MumbaiThe civic body plans to finalize a proposal within the next 15 days to issue flat buyers a certificate on the status of a building’s approvals, at a cost. However, it is yet to decide if a flat...
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Home prices near most affordable levels in over 30 yrs
Home prices may have been on an upward spiral for many years, but the cost of owning a house in India remains near the most affordable level in over three decades, shows data compiled by mortgage giant...
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RBI’s balancing act cheers realty by and large
A marginal rate cut may not have any significance on the macro-economic indicators of the country but still goes a long way in improving the sentiments of the market, by and large. Hence, when the...
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WB government working on digitization of land use map
The state land use board under the land and land reforms department has completed digitization of zoning land in Hooghly, Howrah, South 24 Parganas, Nadia, East Midnapore and Murshidabad districts. The...
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Home prices in metros rise over 50 per cent in 4 years
Home prices have appreciated by an average 66% in Mumbai, 52% in Gurgaon and 46% in Bangalore over the past four years, with some pockets growing nearly 100%, say property consultants, belying hopes of...
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Pay transfer fees as per law in Mumbai
MumbaiEach time, a cooperative housing society member wants to sell his property anywhere in Mumbai, he is bullied into paying up way beyond the officially ‘legal’ transfer fee of a maximum of Rs...
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Inflation drops further, good news for borrowers
The Wholesale Price Index (WPI) based inflation number was reported at 4.89 percent for last month. This is a new low over the last three years and kindles hopes in the property market. Inflation has...
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Property tax could cause exodus from Mumbai by 2020
MumbaiIndividual property owners as well as housing societies in Mumbai are burdened by the multiple increase in property tax that is moreover being levied with retrospect effect.Thousands of petitions...
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Housing prices rise by around 1 pc in 20 major cities: NHB
Housing prices have increased marginally by an average 1.1 per cent in 20 major cities, including Delhi and Mumbai, in January-March 2013 over the previous quarter due to slowdown in demand, National...
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Credit policy review could bring further rate cuts
The next mid-quarter review of the Credit Policy is scheduled for June 17 by the Reserve Bank of India (RBI). Going by the present conditions in the ecomomy, the markets are expecting a cut in the key...
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Real Estate Bill gets cabinet nod
The Union Cabinet on 4th June approved the bill to set up a regulator for the real estate sector with provisions for a jail term for the developer for putting out misleading advertisements about...
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Realtors welcome real estate regulatory bill
Hailing the Cabinet’s approval of real estate regulatory bill, realtors’ body NAREDCO on 4th June said the proposed law will bring transparency in the sector, while helping home buyers in redressal of...
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Real estate bill will empower consumer
Five years or so in the making, the Real Estate Regulation and Development (RERD) Bill has finally been cleared by the Cabinet.Developers had originally resisted the move to be brought into a...
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Realty regulatory bill should cover all stakeholders: CREDAI
The bill to regulate real estate sector should cover the authorities responsible for giving approvals for projects, besides developers community, realtors’ body CREDAI said on June 6.Stating that the...
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Relief to builders, Centre relaxes green norms for high-rises
In what will be a big relief to builders in tightly-packed cities such as Mumbai, the environment ministry has done away with green clearances for high-rise buildings based on the width of the roads...
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