By Shishir Baijal, Chairman & Managing Director, Knight Frank India “In light of the present economic distress in the country, we welcome the move to bring down REPO rate by 35 bps however, we would have really expected to see a more substantial cut is the need of the hour for its effective transmission to […]
35 bps rate cut welcomed but more needs to be done.more
By Shishir Baijal – Chairman & Managing Director, Knight Frank India The Indian economy is going through testing times. What was initially being perceived as a sector-specific degrowth has now panned out to be an overall economic slowdown.The automobile and fast moving consumer goods (FMCG) industries are in a slump, job markets are strained with […]
RATE CUT IN EXCESS OF 100 BPS – THE ONLY WAY TO KEEP THE REAL ESTATE HEAD HIGH!more
By Abhay Shah, Realty Quarter In the last few years, North Mumbai has seen fast growth. Infrastructure has been pivotal in promoting the real estate sector’s growth. The necessary push by the state government to develop infrastructure contributed the North Mumbai for becoming a place where real estate operations would take place. Enhanced connectivity to different parts of Mumbai, […]
Demand for affordable housing in North Mumbai is increasing.more
By Abhay Shah, Realty Quarter With the introduction of the Real Estate (Regulation and Development) Act (RERA), and several other policy initiatives such as the Benami Transactions Act and the government drive towards affordable homes, we can see more residential property market activity in larger cities. The favourable customer sentiment is particularly important after the dampener […]
Tips to buy a House with best ROI for a longer-term.more
By Abhay Shah, Realty Quarter The Finance Minister has proposed a tax benefit of Rs.1.5 lakhs in regard of the home loan made for the purchase of an affordable house up to the value of Rs.45 lakhs subject to certain circumstances in order to give impetus to the ‘Housing for All’ mission by 2022. For […]
Union budget 2019 announces additional tax benefit of Rs 1.5 lakhs on Home loans.more
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 […]
Union Budget, 5th July 2019 – Expectations Notemore
By Abhay Harish Shah, Realty Quarter In its budget wish list, Realtors apex body CREDAI requested that banks should finance developers to purchase land to develop affordable housing projects. It has also indicated that all legislation should have the same concept of affordable housing. “Land as a value of the project comprises 40% of the […]
CREDAI has demanded that banks should fund developers to buy land for development of affordable housing projects.more By Abhay Harish Shah, Realty Quarter A statement by the Revenue and Forest Department said that the Maharashtra state has adopted the first step toward the development of affordable housing on a salt pan land and plans for revising a proposal within 60days which is offered by the property development company. The chosen salt pan land is situated […]
Maharashtra Government is considering the feasibility of a proposal for affordable housing development on a salt pan land.more
By Abhay Harish Shah , Realty Quarter The choice of Affordable Housing is getting added and this time it is Ruparel Realty who has declared the launch of a reasonable housing venture under the PMAY, ‘Ruparel Pride’. The project is located in Mumbai’s Kurla East, which will give 130 homes and the base price is […]
Ruparel Realty brings a new range of affordable housing by its Ruparel Pride Project.more
By Abhay Harish Shah , Realty Quarter Affordable housing is an issue that numerous nations all over the world are facing. In India, the issue is considerably more unmistakable with an expected deficiency of around 18 million houses, with 99% of this in the monetarily weaker areas of society. As per the latest report, IIT- […]
IIT-Madras and Australian Varsity Collaboration brings light towards Affordable Housing.more