Anuj Puri, Chairman – ANAROCK Property Consultants Miracles have been known to happen when a chequebook lies on the negotiation table Stamp Duty Shocker On the real estate market, upward revisions of any kind can doubtlessly hurt. Let’s take the Maharashtra Government’s proposal to levy a surcharge of 1% on stamp duty, effectively raising it […]
Increased Property Purchase Costs – Hype Vs. Realitymore
By Anuj Puri, Chairman – ANAROCK Property Consultants In any discussion about affordable housing in India today, the fact that a lot of such housing is actually lying vacant is bound to crop up. One may point out that, especially with the Government’s avowed intention of providing Housing for All by 2022, this supply should logically […]
Vacant Affordable Housing – Causes (and Solutions?)more
By Realty Quarter Bureau Navi Mumbai International Airport’s executive chairman, GVK Reddy, announced that the GVK Group had achieved financial closure for the construction of the first phase of the airport, on schedule. “This will now enable us to focus on the next steps, which is the construction and completion of the first phase, of […]
GVK in final terms of final closure for Navi Mumbai Airportmore
By Realty Quarter Bureau The process of carving out a separate municipal council, comprising 27 villages currently under the Kalyan Dombivli Municipal Corporation (KDMC), is in the final stages, Maharashtra chief minister Devendra Fadnavis informed the state legislative assembly, on July 10, 2018. Fadnavis, while replying to a debate on the issue during the Question Hour, also […]
New municipal council with 27 villages of Kalyan –Dombivali belt to formed soon: CMmore
By Realty Quarter Bureau At Rs 1.5 trillion, the mortgage loan-book of ICICI Bank is half of the bank’s overall retail loan portfolio of around Rs three trillion, the bank said. “We are not only the largest private sector bank but also the largest mortgage player among our peers with an Rs 1.5-trillion loan book. […]
ICICI Bank aims growth of home loan book by 2trillion in FY20more
By Realty Quarter Bureau With acquisition of private land becoming an expensive affair after implementation of the Land Acquisition, Rehabilitation and Resettlement Act, 2013, the state assembly has passed a bill for launching the Land Pooling Area Development Scheme for housing and infrastructure projects. The new provision in the Tamil Nadu Town and Country Planning Act would […]
Tamil Nadu will launch land pooling scheme for housing projectsmore
By Realty Quarter Bureau State-run Syndicate Bank increased its marginal cost of funds based lending rate (MCLR) by 0.1 per cent for various tenors of loans. The bank has revised MCLR and the new rates would be effective July 10, Syndicate Bank said in a filing to stock exchanges. Interest rates for loan tenors of overnight, […]
Syndicate Bank hikes lending rate by 0.1 %more By Anuj Puri, Chairman – ANAROCK Property Consultants Affordable Housing Keeps the Momentum Going Unsold inventory down 2% from 7.11 lakh units in Q1 2018 to 7.0 lakh units in Q2 2018 Unsold inventory declined 10% from 7.7 lakh units in Q4 2017 There has been a whopping 50% jump in overall new housing launches in Q2 2018 […]
New Housing Launches up by 50% in Q2 2018more
By Prashant Thakur, Head – Research, ANAROCK Property Consultants Despite new launches decline, property prices in Yelahanka did not correct significantly and actually appreciated by 9% in the past 2 years Existing since the 12th century, Yelahanka is closely linked with the origin of Bengaluru. The book ‘Bengaluru to Bangalore’ by T.V. Annaswamy mentions that […]
At Bengaluru’s Yelahanka, sound planning drives real estate growthmore
By Realty Quarter Bureau The empowered committee, set up by the Housing and Urban Affairs Ministry, will reach out to home buyers to resolve their problems ‘at the earliest’, Union minister Hardeep Singh Puri said, on July 1, 2018. The union minister of state (independent charge) for housing and urban affairs said that on June […]
Empowered Committee to set up soon for resolving home buyers issues: Housing Ministermore
