BHUBANESWARIn relation to a loan scam of Rs 18.79 crore that was allegedly committed by the accused in Bhubaneswar in 2017, the Enforcement Directorate (ED) on Monday attached properties worth around Rs 19.67 crore belonged to a builder and three former bank officials. The ED began an investigation last year based on three FIRs filed […]
The real estate industry in India is flourishing, and there are many options accessible for people who want to buy or sell property. Online portals have gained popularity as a means of conducting real estate transactions as the real estate sector becomes more and more digitized. We’ll look at some of the top Indian real […]
NEW DELHI: One of the most pressing requests from the real estate industry for the upcoming Budget of 2023 is a reduction in home loan rates. With this being Prime Minister Narendra Modi’s final budget before the primary elections in 2024, there are high hopes. According to Samyak Doshi, director of Bhoomi Group, there should […]
The registration of property has stopped across Karnataka because after declaring a two-week lockdown, the government shut its 243 offices of the sub-registrar for the time being. “To ensure the safety of our staff and the public our offices have been closed down. Online registration is not even allowed,” KP Mohanraj, inspector general of registration and […]
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 […]
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. […]
Budget 2020 has given the real estate industry and the common man many surprises. Many demands were anticipated from the real estate sector in the 2020 budget, but only a few received the attention of the minister of finance. Let us check some of the main budget announcements and their effect on the real estate […]
The Central Bank and government have taken meaningful measures to alleviate the stress in the real estate sector by executing three successive repo rate cuts and rationalising the Goods and Services Tax (GST) regime. Now is the time to look further and focus on more specific issues. Following are a series of expectations from the […]
MUMBAI: The National Company Law Tribunal (NCLT) has confirmed the validity of the charge held by Piramal Capital & Housing Finance on Radius Estate Projects’ 5.4-acre development in Santacruz, Mumbai. This ruling, announced on Wednesday, settles a disputed issue involving creditors, including J.C. Flowers Asset Reconstruction and Piramal Capital & Housing Finance, by clarifying the […]
MUMBAI: There could be a glimmer of hope for dozens of high net worth individuals who paid tens of crores a decade ago to book luxury apartments in the 3,500-crore Palais Royale, a skyscraper in Worli. At294m (56 floors), it is one of the tallest residential towers in the country. On December 6, the SC […]
