Cities
The State Bank of India (SBI) has recently made an announcement of cutting its base rate by 25 bps to 9.75 per cent. Although it is likely to positively impact the home loan segment, most realtors and analysts feel that it will not prove to be a saviour for a majority of home owners in [...] Continue Reading »
The festive season is unlikely to bring cheer to developers as buyers are shying away from properties due to escalating and unrealistic prices. Although developers have tried various means to boost sales – such as offering freebies and discounts, home sales continue to go through a dismal phase. Analysts feel that until prices are corrected, [...] Continue Reading »
The Pune Municipal Corporation(PMC) has prepared a list of nearly 10,000 property tax defaulters. The defaulters have more than Rs 1 lakh property tax dues per head. The PMC has revealed that it has to recover around Rs 100 crore from these defaulters. The civic administration issued notices to these people and has demanded that [...] Continue Reading »
The Nashik Municipal Corporation(NMC) administration has tied up with some select nationalized and scheduled banks for collection of property taxes. The property tax can be deposited at around 80 branches of some nationalized and scheduled banks within the NMC limits. Collection of the property taxes at the select bank branches is expected to commence within [...] Continue Reading »
The government is all set to bring in a package to boost real estate activity by easing lending and provisioning norms for banks. The finance ministry is set to work out a strategy to boost the sector as developers expressed their inability to cut prices to increase demand. The ministry has been in talks with [...] Continue Reading »
The commuters of the Outer Ring Road (ORR) in Hyderabad will have to pay toll charges based on the distance travelled on the eight-lane stretch. Hyderabad Metropolitan Development Authority (HMDA) has decided to start collecting toll on the southern arc of the ORR from Pedda Amberpet to Patancheru. As per the National Highway Authority of [...] Continue Reading »
As Namma Metro begins to improve connectivity in Bangalore, property prices have gone up in many places. Localities like Baiyappanahalli have witnessed a massive surge in property rates as metro line connects it to the central business district around MG Road. Purchase rates of built up properties and vacant plots have gone up alongside. Property [...] Continue Reading »
Retail demand in Hyderabad has remained stable in past couple of months. With vacancy remaining stable in the existing malls, retail real estate scenario is creeping up in the city. Some of the recent retail transactions have been KFC leasing space at Abids and Towlichowki, Kalaniketan leasing space at Kukatpally and Tanishq leasing space at [...] Continue Reading »
Malad East in Mumbai has witnessed a surge in commercial realty market being backed by growing residential demand. The increased residential demand has boosted the commercial scene as there is a huge demand for neighbourhood retail shops to cater to the daily need of the growing residential population.With the increase in number of shops, the [...] Continue Reading »
AECS Layout, one of the preferred residential localities in Bangalore, has been perceived as having potential for investment in residential plots. The locality has BDA (Bangalore Development Authority) approved layouts, which are high on demand for its good facilities and affordable prices.Approval from BDA facilitates loan procedures as banks provide 100 per cent loans for [...] Continue Reading »
