Real estate company Sunteck Realty has announced the purchase of a 50-acre piece of land for a residential project in Vasind, Mumbai. Sunteck Realty said that the project would generate revenue of Rs 1,250 crore in the next four to five years. However, the company has not said at what price it is buying the […]
Sunteck Realty’s second strategic acquisition in times of epidemic, bought land in Mumbaimore
The Central government has recently launched an important scheme for people living in rural areas. Its name is the Government’s ‘Ownership Scheme’. Prime Minister Narendra Modi launched the scheme on 24 April 2020 on National Panchayati Raj Day. They will be given property cards. Introducing the scheme, the PM distributed property cards to some people. […]
What is the Government’s “Ownership Scheme”?more
Private home owners from Lutyens in New Delhi are facing similar situations these days as landlords are doing in the rest of the country. Property prices in this super posh area have dropped by 10-15 per cent. In some cases, it is 25 per cent and even 50 per cent. Brokers told that before Corona, […]
Lutyens Zone’s real estate prices rolled up 10%more
The Reserve Bank of India (RBI) has taken the initiative to implement the recently announced measures to promote housing loans. Customers can get loans at lower interest It may be known that this new dispensation will be applicable to all housing loans to be sanctioned by 31st March 2022. While banks will have additional capital […]
RBI steps up lending inflows into real estate sectormore
The return of migrant labourers to their hometowns due to Covid-19 pandemic had created a vacuum in India’s real estate and construction sector. Several projects in the metro cities were held back owing to the exodus. States that have been hit the hardest by the exodus are Maharashtra, Gujarat, Karnataka, Kerala and Delhi. There has been a […]
The return of migrant workers will be the key in reviving real estatemore
The Reserve Bank of India (RBI) has changed the rules for new home loans. Their purpose is to promote real estate sector. The central bank has decided to rationalize the risk weight on home loans with only LTV ratio. These rules will apply to all new housing loans to be held by 31 March 2022. […]
Home loan will be cheaper, RBI took this big decisionmore After taking home loan from any bank or financial institution, repaying its full EMI is a big relief. However, after paying EMI, you can be sure to complete the required work once. In fact, after home loan repair, you should get a NoC – No Objection Certificate. NoC is a type of certificate that shows […]
After the EMI of the home loan is completed, do not mistake it accidentally, do this job.more
In order to revive the real estate sector in Maharashtra, the state government has announced to reduce stamp duty on property transactions. This reduction in stamp duty is applicable from 1 September 2020 to 31 March next year. This reduction is in two slabs. From September 1 to December 31, 2020, stamp duty will be […]
Property in Maharashtra is getting cheapermore
The new real estate hotspot of the city is a 30-km stretch along the Srisailam Highway— 45 minutes from Gachibowli. Reason: the Hyderabad Pharma City (HPC). Although this large ticket business has been underway in Dasara for sometimes, government officials have confirmed it is finally being routed. This led to major activities along the highway, […]
The new real estate hotspot, Hyderabad Pharma City (HPC).more
In order to accurately map land areas across the district, the Gurugram Metropolitan Development Authority (GMDA) has launched a survey using Geographic Information System (GIS) technology. The method of land demarcation will be modernised. The decision was made after officers of GMDA were informed of illegal land invasions, which they were not aware of. Marking […]
GMDA initiates Geographical Information System to prevent land scams.more
