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State Bank of India (SBI) announced on Monday it will use the repo rate as an external benchmark for its floating rate loans for MSME, housing loans and retail loans. As issued by the press release of
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The Financial Capital’s Real Estate Sector Receives support from Maharashtra’s Finance Minister as he proposes reduction in the GST levied on the redevelopment of old, dilapidated b
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Flat owners in the city would have to pay property tax from the next year onwards directly to the Brihanmumbai Municipal Corporation (BMC). Under the current system the property tax is levied collecti
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The government is also likely to make changes to the definition of affordable housing as sought by developers. Creation of a stress fund and the inclusion of financial institutions under RERA are like
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As per National housing Bank the practise of Subvention schemes by developers which was quite popular amongst home buyers for these many years is going to be a thing of the past. Budget 2019 is
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Flat owners will have to pay GST at 18 per cent if their monthly contribution to resident welfare association (RWA) exceeds Rs 7,500, the Finance Ministry said on Monday. As per the rules, RWAs are re
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Is your tenant refusing to vacate the home after the completion of the license period? Being a landlord to a notorious tenant can come with a long list of challenges. WHAT CAN A HOME-OWNER DO IF
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Much on expected lines, the government in Budget 2019 has announced to continue with its thrust for Affordable Housing. FM Nirmala Sitharaman also said that several reforms would be undertaken to prom
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29-Jun-2019
| Source:
Midday.com
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The city of dreams Mumbai attracts many people across the country in search of better job opportunities. The service sector lures the people to migrate to Mumbai. No wonder Mumbai has become ov
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In the year’s largest commercial real estate deal so far, US-based private equity firm Blackstone Group Lp has acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for
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Mumbai homes have witnessed reduction in area. The reduction is evident because of a sharp rise in property prices, a space crunch, young mobile buyers and builders attempting to cater to the af
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Final nod to ‘Panvel- Virar corridor’ opens up new areas for residential development FROM VIRAR TO PANVEL The final nod to the Mumbai Urban Transport Project (MUTP) 3A from the railway boa
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Homebuyers can now seek a full refund from builders with 10% interest if the possession of their flats is delayed beyond one year, the National Consumer Disputes Redressal Commission (NCDRC) has ruled
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13-May-2019
| Source:
Times Now
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In February this year the Goods and Services Tax Council reduced the GST on under-construction flats to 5% from 12% and for affordable houses it was cut to 1% from 8% earlier. But if you are already p
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There may be further GST (goods and services tax) relief for home buyers with the Authority for Advance Ruling (AAR) in West Bengal concluding that services such as preferential location and fa
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Real estate developers and customers feel that Akshaya Tritiya is set to usher in positive changes Akshaya Tritiya, considered to be auspicious, is an ideal time to invest in the real estate s
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Knight Frank in its recent report – Global Outlook 2019 revealed that luxury homes in Mumbai could cost less by the end of the calendar year 2019 (CY19). The city is likely to witn
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Though it is safer today to buy a house in an under-construction project owing to RERA, it is still essential to keep a few things in mind before making such a purchase. Read on to know them… A
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Are you looking at an ad stating 'no GST' on that new home, but don't understand the logistics? We decode advertising jargon for you... Get assured returns till two years: If you have bought the house
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Defying previous election year trends when sales and new launches remained muted during this period, the first quarter of 2019 has witnessed both housing sales and new supply rise driven by sev
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Sheetal and Anita both in their late 20’s felt their world come crashing down when, after saving up for almost three years, the bank turned down their application for a home loan. Anita says, &
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With a multitude of tax sops and incentives being announced to improve market sentiments in an election year, make Gudi Padwa an opportune time for your dream home search REFORM AND REGULATE: Beginnin
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Indian real estate is expected to witness addition of nearly 200 million sq ft of space in 2019 across categories including office, retail, residential and logistics to reach 3.7 trillion sq ft
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Girgaum’s two-storey Kranti Nagar chawls, once home to 108 families, stand vacant, waiting to be bulldozed for the underground Colaba-Seepz Metro 3 corridor. Girgaum’s two-storey Kra
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16-Mar-2019
| Source:
Mid day
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Seeing one’s name plate on the door is an individual’s ultimate dream. However there are several factors that determine the time to go for the big buy. One of the major deciding factor is
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India's GDP growth slowed to 6.6 per cent in the October-December quarter of 2018-19, the lowest rate in five quarters, primarily due to the stress among the non-banking finance companies (NBFCs). A d
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With poll dates set to be announced anytime soon, the Maharashtra cabinet, within three days of its Tuesday meeting, gathered again on Friday to clear populist proposals like a property tax waiver for
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The cut in GST on affordable homes from 8% to 1% may not be the bonanza that it appears to be. For most buyers it may result in only a marginal reduction in the cost and, in some cases, may even make
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Retired and seeking a source of income? Why turn elsewhere when the place you live in can help you achieve just that in more ways than one? Read on... A home can mean multiple things – safety, a
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The state government has approved 460 affordable residential projects comprising 8.29 lakh units to provide a much-needed boost to the low-cost housing segment in Maharashtra. The projects will be un
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One is expected to exercise due care in the preservation of his/her property documents, as these are the only proof of the ownership of the property. As and when a property transaction takes place by
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HIGHLIGHTS 1.) RBI has reduced repo rate from 6.50 to 6.25 2.) Repo rate is the rate at which RBI lends to banks 3.) When the repo rate decreases, loans tend to become cheaper The Reserve Bank
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Today, there is an urgency to address issues such as pollution and global warming. And with developers of the residential market pledging to build environment-friendly spaces, green homes are within t
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A shift in balance in favour of the home-buyer has resulted in positive momentum for the residential sector, thereby resulting in sales growth for the first time since 2011 across major Indian cities.
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Increased demand for flats that are ready to move in or nearing completion helped housing sales to rise by 7 per cent during 2018 to nearly 2.15 lakh units across nine major cities, according to data
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The once-booming real estate sector, which contributed to India’s economic growth in the last couple of decades, has been experiencing a fiscal slowdown in recent years. Though such a slowdown i
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What often goes unnoticed when buying your dream home with a plethora of amenities is the amount you will pay as ‘maintenance charges’. Here’s exploring the economics of this expense
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The share of mid-market houses costing Rs 20-50 lakhs in the overall residential sales in the country has been progressively rising, touching an all-time high of 42 per cent of total transactions in t
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The state assembly on Tuesday passed a bill authorising the state government to impose an additional 1 per cent stamp duty on sale, purchase and lease transactions of property in Mumbai. According to
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Panvel has witnessed impressive physical and social infrastructural development over the last two decades, thus making it an investment magnet for buyers. Situated at the junction of NH-4, NH-17 and N
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A NEW ULWE IN THE MAKING With the Panvel-Vasai-Virar railway line on the horizon, a completely new suburb is expected to emerge, thus giving rise to real estate aspirations Not ma
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The construction of five metro routes will strengthen connectivity in the suburbs, thus also fostering their real estate potential. Here’s how... The Mumbai Metro is set to propel the big
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Once considered downmarket, several suburban areas of Mumbai have developed tremendously and shown impressive real estate growth this decade. The realty dynamics of this belt has changed
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Nearly 80% of the overall residential projects launched between 2013 to first half of 2018 in Navi Mumbai were in the affordable to mid-income segment with price bracket of less than Rs 40 lakh and Rs
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The clouds of Mumbai suburbs have witnessed major changes in the past few years in terms of infrastructure and residential spaces. A decade back places like Ambernath, Badlapur were only known for the
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27-Sep-2018
| Source:
Mid-day
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The recent trend in Mumbai realty shows a surge in compact housing projects. According to experts, it’s a segment that will grow further Despite realty rates reaching the skies, Mumbai remains t
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21-Sep-2018
| Source:
Mid-day
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With housing prices in Mumbai city hitting an all- time high, it's time to look beyond the city. Neral- Karjat is a good option. We all know that Mumbai life is getting congested and expensive e
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The twin city of Kalyan-Dombivli has shown rapid development in the recent past, thus emerging as a favourite among developers and buyers alike. And the 'Smart City' tag is only expected to further fu
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The state government’s cabinet sub-committee on Wednesday gave the final nod to three crucial infrastructure projects: Bandra-Versova sea link, a bypass on the Mumbai-Pune Expressway and a third
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The constant debate between benefits of buying and renting never ceases. While renting may be a wise decision for short durations, EMIs are the choice for those focused on future benefits. This Indepe
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Ganesha checks in, If you still haven’t figured out the décor for Ganesh Chaturthi, go for a minimal yet eco-friendly option this season! Chaar din, chaar din hai aapke pass, to plan and
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Getting ready, on time possession of an apartment is the dream for any home buyer. However, that depends entirely on the kind of project and more importantly the developer one has chosen to go with wh
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The last date for filing your income tax return (ITR) is close; hence, you must be aware of what could impact your tax liability this assessment year. Especially if you live in a rented home or
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With sales velocity pacing upwards in the last few quarters for compact housing projects, the demand-supply chain seems to be finally working in tandem with each other. Small is t
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Creating self-sustaining cities is the key to reducing the burden that commutes to and fro work that are otherwise an inescapable fact of life for Mumbaikars. The large number of m
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The policy reforms and schemes announced by the central government over the last few quarters for the affordable segment seems to have increased new supply and demand for affordable housing. Top 7 cit
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The recognition of home buyers as financial creditors under the bankruptcy law may well turn out to be the most important legal development ever in India’s real estate industry. It is likely tha
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Indian real estate has been attracted higher capital inflows owing to series of reforms and measures initiated by the government. Capital flows into Indian property market has been 10 times higher tha
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A brand new suburban railway network is being constructed between Panvel and Karjat. How will it impact real estate of areas that would fall on the new rail route? The Panvel-Karjat railway net
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MUMBAI: City's Western Express Highway, touted as the next real estate growth centre mainly due to the improved connectivity to the other centres of the megapolis, is currently sitting on an inv
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There ’s a saying that one must never time the market. The same applies to the real estate sector as well. Here’s how to determine when to buy a home When one thinks of making an investmen
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01-Jun-2018
| Source:
ET Realty
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During these three years over 45 lakh dwelling units have been approved for construction. About 27 lakh houses are in various stages of completion with over 8 lakh houses having been already completed
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07-Feb-2018
| Source:
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Demand for ready to occupy properties has seen an incredible increase on account of lower tax rate and input tax credit. Affordable housing has encountered augmentation over the past year. &nbs
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While RERA or Real Estate (Regulation and Amendment) Act, 2016, will slowly change the way the real estate industry operates in India, the Act has also thrown open a few aspects that need
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Services provided by housing societies resident welfare association will not become expensive under the Goods and Services Tax (GST) regime, the finance ministry said on Thursday. Resident
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Brokers need to list with developers to market their projects Brokers who deal in ongoing and new projects also have to be registered under RERA. This broker registr
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With the increasing demand for affordable housing, the segment witnessed a significant growth in fiscal 2017 and it contributed over 50 per cent to the total sales during the October-December 2016 qua
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The Government of India along with the governments of the respective states has taken several initiatives to encourage the development in real estate sector. The Smart City Project, where there
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Mumbai: Shiv Sena-BJP ruled Municipal Corporation of Greater Mumbai has came out with a revised draft development plan which recommends hike in the floor space index from the presen
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MUMBAI: If you are planning to buy a new home, here's some good news. Builders may start offering 20 per cent discount on property prices to home buyers. The reason they can a
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There's a saying in the stock market: Never catch a falling knife. In the real-estate market though, that's what everyone would love to catch. And it's happening. The avera
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MUMBAI: Residential property market in Mumbai witnessed around 18% decline in new project launches during the first half of 2015, according to a report by property consultancy CBRE. Subdued dem
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Property prices in Mumbai are expected to see an appreciation of 6% in 2015, according to property advisory firm JLL India. "Many home buyers as well as investors have been speculati
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MUMBAI: Immovable property — land, house or flat — can now be transferred to one's children or blood relatives without paying stamp duty for registration. This will come as a
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MUMBAI: With the proposed rules, the Fadnavis govt and the BMC are endeavouring to create world-class infrastructure for the Maximum City, but there are many pitfalls, especially regarding environment
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Homebuyers have reason to cheer as the Reserve Bank of India (RBI), in a surprising move, cut repo rates by 25 basis points. This move may cause a reduction in interest rates on home loans and lower E
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Mumbai: The redevelopment of Mumbai's mostly derelict docklands will, if a government-appointed panel has its way, create a waterfront where people living in the world's second-most densely-populated
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If you thought the BJP-led government would bring relief to home buyers in Maharashtra, here's a dampener: Mumbai's realty prices are going nowhere but up as the newly-installed Devendra Fadnavi
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Housing sales are estimated to rise this year to 1.92 lakh units in India's top seven cities on expectations of a cut in interest rate and stable prices, according to property consultant JLL India. Ho
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With the government recently relaxing foreign direct investment norms for real estate firms, property developers have a got a fresh lease of life when it comes to funding Calendar 2014 was noth
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If the success of a real estate market is assessed by various pockets of affluence then Mumbai truly stands at the top of the property pyramid of India. The financial capital of India can well
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WITH property values in Mumbai Metropolitan Region (MMR) skyrocketing, homes in the city have become a distant dream for many. The suburb of Kalyan has evolved as a major home- buying destination for
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London has overtaken Hong Kong as the priciest place in which to live and work London is now the world’s most expensive city for companies to locate employees, overtaking the previous
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A GOOD broker can make a lot of difference to your home-buying experience. Even for investors, a competent broker makes a world of a difference on how they earn from a property over a period of time.
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Cops to quiz Rajan Raheja of Windsor Realty, statements of sons recorded; Priyanka Chopra, Sonu Nigam, Alka Yagnik among buyers not given possession in swanky Oshiwara project. The Economic Offences W
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Of late, property buyers, especially investors, are showing keen interest in Pune real estate market. Thanks to the Mumbai-Pune Expressway which has greatly reduced the distance between the two cities
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In India's larger cities, there is a huge demand for homes of all sizes. However, it makes perfect sense that the demand is highest for smaller-sized homes with sizes ranging from 550-800 square feet.
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NEW DELHI: The Securities and Exchange Board of India is set to approve guidelines for Real Estate Investment Trust ( REITs ) and Infrastructure Investment Trusts ( InvITs ) at its board m
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Despite an increase in the interest exemption limit on residential loans in the budget, a little-known provision in the Income Tax Act could mar the calculations of lakhs of buyers whose homes won't
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Property sales across tier I cities in the country have dropped. While Delhi and its surrounding region witnessed a 20% drop in sale, Chennai, Hyderabad and Mumbai saw 18%, 13% and 2% drops, according
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New Delhi: Realty giant DLF's net debt has increased by Rs 538 crore during the quarter ended June to Rs 19,064 crore due to capital expenditure and operational cost. Net debt of the country's largest
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NEW DELHI | MUNBAI | BANGALORE: Builders in the National Capital Region were pleasantly surprised to see potential homebuyers thronging their site offices over the weekend, reminding them of th
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Mumbai: To meet its target of providing housing to all by 2022, the government alongwith the private sector needs to work to increase the supply of low-income houses, which would translate into
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SINGAPORE: The Indian real estate players are helping with their suggestions in framing policies for 100 smart cities in the country proposed by the new government. "Smart cities are on ta
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With the coming of the new government already having improved sentiments in the realty market, as a next step the sector expects India’s economic fundamentals to be tackled on a priority basis b
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NEW DELHI: The new land acquisition act is potentially blocking authority projects and wasting public money, DDA vice-chairperson said in a letter to the urban development ministry, seeking exe
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MUMBAI: Buying or renting a house is among the biggest expenses for Indians, creating a huge market for online players--ranging from established players to startups--who are now bracing themsel
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NEW DELHI: DLF, India's largest real estate developer, is selling a 30-acre land parcel in Hyderabad's Raidurg area to local builder My Home Group for Rs 550 crore, two people with knowledge of the de
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Reserve Bank of India on Thursday said individuals can also use funds under Liberalised Remittances Scheme (LRS) to buy immovable property abroad. Encouraged by an improvement in the foreign ex
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Housing loans of up to Rs 50 lakh could become cheaper with the Reserve Bank of India relaxing the rules for banks to offer loans for the sector. Taking forward the announcement made in Budget 2014-
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Forty Five days into the formation of the Narendra Modi led Government, the Finance Ministry had an uphill task of presenting a budget that addressed the issues being faced by the Republic of India. W
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A report in 2013 labelled Mumbai as the 16th most expensive city globally in terms of owning a residential space. The southern region of the island city is seen as the most prime, with locations such
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In a big push to core projects that have been facing a paucity of funds, the government is set to launch infrastructure investment trusts by August this year. “Market regulator Sebi will
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MUMBAI: A five-year price analysis of residential realty market in 11 cities shows that the ever-expanding Navi Mumbai and Thane have registered the highest percentage of increase in home prices acros
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Mumbai remains the top favourite of property buyers with preferences for flats and bungalow, followed by Bangalore and Chennai as the next important destinations, according to a new survey released he
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