The residential property market in the nation is starting to look up. India’s Top 35 real estate markets, including Tier I and Tier II, saw 3 per cent annual growth, as well as 5 per cent sequential growth in sales in the quarter ended December. Of these, 27 cities recorded an upward trend in sales […]
Residential sector saw an upward trend; sales grew by 5% in December month.more
According to a report by Cushman & Wakefield India, private equity investments in the real estate sector rose by 3% in 2019 to Rs 43,704 crore, accounting for almost half the shares in investment flows for the office segment. In 2019 the office segment received Rs 21,890 crore from institutional investors, which reflects a 50.1% […]
Report: Private Equity investments in the real estate sector rose by 3%.more
The National Company Law Appellate Tribunal (NCLAT) ruled that insolvency proceedings initiated by a flat buyer or financial institution would be pursued only with respect to the project in dispute and would not impact any other projects of developers. The whole insolvency procedure started at the behest of either a flat buyer or a bank […]
Buyers can seek a refund from a real estate firm that is undergoing insolvency.more
Kolkata Municipal Corporation (KMC) would adopt a two-way strategy to tackle a group of real estate developers who breach municipal laws that eventually hinder apartment owners. First, any tax delays must be paid by the builder and not the buyer. Second, until the KMC provides the developer with a clearance certificate (CC) a buyer cannot […]
Kolkata local body enforces strict law upon tax delays.more
More than two years after a bailout scheme for stalled slum rehabilitation projects was initiated by the state government by providing soft loans, not a single builder has benefited from it. In October 2017, the government had partnered with the SBI the state-run Shivshahi Punarvasan Prakalp Limited (SPPL), to provide loans between Rs.5 crore – […]
Developers facing denial on bailout scheme applications.more
The Bhubaneswar Municipal Corporation (BMC) will establish an online portal that displays the status of construction work and reports the waste left by different departments. The online site, which will include construction work information of various departments, is intended to take responsibility for the Construction and Demolition (C&D) waste department and enable it to go […]
A step to eliminate construction waste has been initiated by Bhubaneswar Municipal Corporation.more
Although several repo rate cuts (the rate at which banks borrow from the central bank) was made by the Reserve Bank of India (RBI), lending rates have not witnessed a corresponding shift. Homebuyers, therefore, are often eager to know why this occurs, and how banks and housing finance companies (HFCs) charge interest rates. Below are […]
How to calculate interest rates on a home loan?more
Regardless of the sloppy economy, the demand for luxury property in Mumbai is growing, and developers are preparing to fulfill it. The buyer’s first choice of housing would be luxurious towers in South Mumbai. Living lavishly in a quaint Mumbai neighborhood with plenty of modern facilities and near to all the key destinations. The country’s […]
Demand for luxurious housing mounts in South Mumbai.more
On February 6, the Greater Hyderabad Municipal Corporation (GHMC) launched an online portal to support the sale of TDR. It has features like the issue, use, sale of TDR certificates and existing certificates data. The site is recognized as TDR Bank. It was initiated by KT Rama Rao, Minister of Municipal Administration and Urban Development […]
GHMC launches online portal to sell TDR certificates.more
The High Court of Madras proposed that non-resident Indians should be banned from buying homes in India, speculative sales should be prohibited, and a 100% additional stamp duty on purchases of second homes should be imposed. As party respondents, the Court itself impleaded the Union housing and finance ministries. We also asked questions about the […]
High Court imposes ban on NRIs from purchasing residential property in India.more
