Posts Tagged ‘residential properties’

Delhi Homes Sells Faster Than Mumbai.

Mumbai may be second to Delhi in unsold homes, but it will take longer to sell them. Real estate developers in the financial capital must wait over three years to clear 1.13 lakh units or 120 million sq ft as high prices deter potential buyers, shows a study released by Liases Foras, a real estate [...]

Indian Realty Sector may gain due to Gudi Padwa.

Gudi Padwa, a festival which earmarks new beginnings and new hopes to everybody’s life. Hence many builders announce their new projects at this point of time taking into consideration the sentiments of the local market. The festival is widely celebrated in the state of Maharashtra and as for common people in India, a home is a [...]

Maharashtra stamp-duty hike: What it means for realty companies.

In a recent development, cash strapped Maharashtra government proposed to hike stamp duty on leave-license to 0.1% on market value or 1% of the average annual rent or deposit paid, whichever is higher, for residential properties. For commercial properties, the duty proposed is 0.4% for lease agreements over 60 months. This is a whopping 160 [...]

Asia Invest More In UK Than UK Itself!

dAccording to a study conducted by a Global Property Consultancy Firm Asia is the biggest investor in UK’s Realty Sector particularly Central London. This has been possible because of decreased value of pound and strong Asian economies. The report showed, Asians spent around 761 million pounds in fresh properties in London for gains in the [...]

Southern Province Picks Up

.The  Southern Province of India has shown a demand in Real Estate properties over the last few months which is a good news for the people in the realty. The Realty sector in Hyderabad, Andhra Pradesh has shown sudden upsurge after the recent political turmoil it went through. The demand for both, commercial as well [...]

Nirmal Lifestyle Plans Rs, 47000 crore Investment in Real Estate over the Next 10 Years

Mumbai-based real estate player Nirmal Lifestyle has drawn up a $10 billion (Rs 47,000 crore) investment plan over the next decade. “We are investing around $10 billion over the next 10 years for our proposed 20 Lifestyle Cities planned by 2020,” said Dharmesh Jain, chairman and managing director, Nirmal Lifestyle. The realty company is currently [...]

Selling your property? Get the papers in order

Planning to sell your old house to buy a new one? Undoubtedly, residential properties sell like hot bread in metros like Delhi, Mumbai or Chennai , or even in tier II towns like Pune, Coimbatore or Chandigarh. It was a simple journey for Bangalorebased software professional Puneet and his wife Haimanti. They sold their house [...]

For realty buyers in Ahmedabad, old is gold and within their budget

Nilay Buch, a professional was on the lookout for a three-bedroom-hall-kitchen (BHK) apartment in Ahmedabad. After his six-month-long search for a suitable home, not very far and within his budget in a good locality, Buch settled for a spacious three-BHK property up for re-sale near ISRO recently. “If I had gone for such a spacious [...]

Return of Super Luxury Housing

The super luxury housing segment whose range was from Rs. 4 cr to Rs. 30 cr and which had taken backseat during the slowdown is now coming back. The demand for these residential properties has risen by 30- 40 percent. The real estate firms such as Lodha Developers, Orbit Corporation, and Skyline Constructions are taking [...]

RBI Ensures Equal Benefits for New and Old Home Loan Borrowers

Floating-rate home loan borrowers, who often felt they got a raw deal, will now have a reason to cheer. The Reserve Bank of India’s (RBI) new rules will ensure that they get the full benefit of any reduction in interest rates. In its final guidelines on the base rate — the new benchmark that banks [...]