March 10, 2010 – 12:27 pm
As the world joined hands to honor the 101th celebration of womanhood yesterday, the financially independent young women in India had plenty of reasons to cheer.
For the past few years our country has taken measures to specifically increase the number of women buying property in India. Fortunately they have at large proved fruitful too. In [...]
By pakhi
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Posted in Property News
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Also tagged 1BHK, 2BHK, Buying property in india, Home, Housing, income, Loan, PRINCIPAL, property, Property In India, salary, savings, tax
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October 9, 2009 – 5:50 pm
Office rentals, which dropped 40% from their peak in the middle of 2008, stabilized across the country in the September quarter as fresh bookings for office spaces partly reduced inventories, says a report by international property consultant CB Richard Ellis.
There was no change in office rentals in some of the major office locations in the [...]
October 7, 2009 – 11:17 am
Property prices across the country are 10-25% lower than their peak in early 2008. Bank rates are about 4 percentage points lower. Still, the vast majority of the exploding middle class, which aspires to own a home, is not taking the plunge. Homes are still not affordable. Affordable homes are hardly homes.
The rates may have [...]
October 5, 2009 – 3:23 pm
Sahara Prime City, which aims to raise Rs 3,450 crore from an IPO, will utilize Rs 2,668 crore in the next 3 years to part-fund development of about nineteen thousand housing units across the country.
At present, Sahara Prime City is developing nine integrated townships and one residential complex in cities such as Lucknow, Indore, Nagpur, [...]
October 5, 2009 – 1:16 pm
Realty industry is all set to be lift up this Diwali. At least 12 public offerings, a slew of new projects and the return of private equity funds that had turned away proposals due to the global slowdown last year.
‘After weathering the worst funds crisis for one and half year, the realty sector has [...]
September 29, 2009 – 5:38 pm
Parsvnath Developers has said its ‘overdue payments’ stood at Rs 63 crore and Rs 143 crore as on July 1 and August 31, respectively, under loan agreements and other outstanding indebtedness. The company said this in its Preliminary Placement Document filing on the NSE.
The company’s Chairman, Mr Pradeep Jain, was not available for comments, despite [...]
September 28, 2009 – 3:25 pm
Vatika Group announced that it will open the Westin Hotel in Gurgaon by March next year, seven months before the commencement of the Commonwealth Games in October next year. The opening of the Westin Hotel will help to meet the hotel room needs for the mega event next year as the city is already facing [...]
September 28, 2009 – 2:03 pm
The upward movement has begun. Not only have the sales picked up, but the prices of residential property too have increased 5-15 % in the last couple of months. With a long festive season ahead, realty experts believe property markets could see heightened activity, provided developers desist from increasing prices of residential space any further.
Aditi [...]
September 26, 2009 – 4:43 pm
The Maharashtra Chamber of Housing Industry (MCHI) will organize an exhibition `Property 2009′ at MMRDA Grounds, Bandra Kurla Complex, from October 1st to 4th. Over 75 real estate developers will showcase their projects in Mumbai and suburban areas such as Thane and Navi Mumbai, besides Pune. State Bank of India is the co-organizer of [...]
September 26, 2009 – 12:00 pm
Knight Frank has introduced a real estate guidebook for India. The book provides information needed to invest in real estate market. Mr Pranay Vakil, Chairman-Knight Frank India, said, “We felt the need for a single credible source of information for which we brought together the best minds of the industry in business. This book [...]
September 25, 2009 – 1:01 pm
Knight Frank India said that prices in the residential property segment are likely to decline in a short time. Knight Frank India Chairman Pranay Vakil said, “We feel prices of residential segment may go down over a period of time”. Further he added that the residential segment may see a robust demand in [...]
September 25, 2009 – 1:00 pm
The Reserve Bank of India instructed banks to meticulously assess the inherent group risk on borrowal accounts coming under the real estate category.
This caution comes in the wake of the RBI’s findings that some of the companies operating in the sector have significant exposure in the form of advances, investments etc., to their subsidiaries and [...]
September 24, 2009 – 11:53 am
Lodha Developers Ltd. has been selected as one of the India’s top ten builders on the basis of a survey conducted by Construction World, India’s premier magazine for the construction sector.
The survey was conducted over a period of 4 months among a spectrum of handpicked audience comprising industry professionals from across India.
Mr. Abhisheck Lodha, Director, [...]
September 24, 2009 – 11:14 am
Century Real Estate is the latest to join the affordable housing bandwagon. It has come up with ‘Century Indus’ project that offers apartments in the Rs 20-30 lakh category.
Mr P. Ravindra Pai, MD, Century Group said, Acquiring land at historical rates has helped the company make the project affordable.
The company has a land bank of [...]
September 22, 2009 – 3:58 pm
The increased supply of ‘affordable’ housing and the demand for it has improved volumes for developers, but this has also meant that the rise in values has been significantly less.
Balakrishna Hegde, former president of CREDAI, Bangalore, points out that while volume demand is up by 50% to 60%, the rise in value has only been [...]
September 21, 2009 – 11:58 am
Raising home prices may anticipating festive season demand.
Mr. Niranjan Hiranandani, MD of Hiranandani Group, said “It is not very wise to increase prices drastically now”. Further he said, “The market has just recovered and buyers are returning back”.
The shortening of supply due to a 45% decline in new projects in tier-I cities has also [...]
September 19, 2009 – 12:05 pm
In a move that could have implications for the process of land acquisition for industry, the Dharwad district administration has introduced a system to prevent delay in processing applications linked to land conversion.
The Deputy Commissioner, Mr Darpan Jain said that though according to Section 95 of the Karnataka Land Revenue Act, 1964, permission for conversion [...]
September 17, 2009 – 12:40 pm
Bajaj Auto vice chairman Madhur Bajaj, who in his personal capacity owns over 350 acres of land under Emerald Acres, plans to liquidate a large portion of his land-holdings to unlock value as the real estate sector looks up after the downturn.
He said that he has no plans to venture into real estate development [...]
September 17, 2009 – 11:41 am
The tax on income from house property has all along been on one’s potential income and not on one’s actual income unless the latter happens to be greater than the former. The Direct Taxes Code strays away from its basic objective by factoring the cost of construction or purchase where rateable value has not been [...]
September 16, 2009 – 12:31 pm
City Corporation has started apartment exchange scheme. This exchange scheme meant for its future customers who would exchange their present house with an apartment in the firm’s Amanora Park Town project in Pune. City Corporation would buy old apartments from customers, renovate them and sell-off through an established network of real estate [...]
September 15, 2009 – 4:54 pm
Photo by truedudiMafatlal Industries has put an eighty five thousand sq ft property in central Mumbai on the block hoping to generate between Rs 100 cr and Rs 150 cr. The proceeds will be used to revive the operations of the loss-making company.
A senior company official confirmed the decision to sell the property and said [...]
September 12, 2009 – 3:45 pm
With a recovery in the residential portion of the real estate sector gaining ground, developers in Mumbai are banking heavily on the premium category. While relatively older apartments in South and central Mumbai continue to command a premium, new properties in these locations have not been left behind.
Developers said that the big-ticket deals in [...]
September 8, 2009 – 11:53 am
New Delhi has been considered the business of real estate in India. With the growing number of students, tourists and bureaucrats, the real state of Delhi has become an area offered in India. Apartments, houses, land, agricultural and industrial lands, industrial and residential plots, are the main segments in which the real estate industry [...]
September 8, 2009 – 11:04 am
The real estate recovery story is being driven by the residential segment, but contrary to the claims made by a number of developers that end-users are their main buyers, the current trend is being driven by investors.
Investors are back in good numbers and before the curve goes up, they want to buy. Some who [...]
September 7, 2009 – 1:52 pm
Though realty prices across India are still smooth, Mumbai’s realty market has surely started heading north. Realtors in Mumbai have hiked prices for their developments by 5-15%, depending upon the location. Modern India Ltd, a Mumbai-based realty company, has finalized the sale of 4 residential flats, sized 2,100 square feet each at its high-end [...]
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