Realty News
India’s largest private lender ICICI Bank has slashed the home loan interest rates for loans up to Rs 5 crore drawn by salaried individuals. The bank has revealed in a recent announcement that, for all floating rate home loans up to Rs 5 crore for salaried individuals, there will be only one single interest rate [...] Continue Reading »
In a recent decision, the New Delhi District Consumer Disputes Redressal Forum has asked Life Insurance Corporation Housing Finance Ltd to pay an amount of Rs 2.3 lakh in compensation to two doctors for the loss of their documents. The documents lost by LIC Housing Finance were submitted by two Delhi-based doctors – Dr Mukesh [...] Continue Reading »
The home-loan figures released by home financiers for the first quarter of fiscal 2014-15 have revealed that potential home buyers are no longer postponing their decision to purchase a home. According to the statistics shared by mortgage bigwig HDFC, the company witnessed a year-on-year growth of 23 percent in its retail home loan book during the [...] Continue Reading »
The consumer sentiment in Coimbatore real estate sector has been showing a noteworthy improvement of late. According to CREDAI-Coimbatore President Rajesh B Lund, ‘good, steady sales’ were recorded by all developers in the city last year. Lund said that, with improved consumer sentiment, there has also been a significant increase in realty bookings in recent [...] Continue Reading »
The budget was a watershed for real estate. After years of regressive state and central regulations contributing to the stagnation of the sector, finally there was positive regulation in the form of real estate investment trusts (REITs) being opened up after almost six years since the first draft of the guidelines were released in 2008. [...] Continue Reading »
The US and India are working on a bilateral mechanism that will help ease flow of investments from American companies into infrastructure projects in India. The proposal, which has been made by the US Department of Commerce, will establish a platform to assist US investors in infrastructure navigate through regulatory and procedural hurdles in the [...] Continue Reading »
Solapur Tollways’ 100-km road project, which includes four planning of Solapur Maharashtra/Karnataka border section of national highway nine in Maharashtra, for which the concession agreement (CA) with the National Highways Authority of India (NHAI) was signed a couple of years back, has now finally got off the ground. The road is being designed, built, financed [...] Continue Reading »
The important project of widening of the famous Surajkund road here appears to have become a victim of inordinate delay due to sanction hassles. Already running several months behind the schedule, the work has been stuck due to non-approval of removal of several hundred trees by the Forest Department. Over 55 percent of the work [...] Continue Reading »
Andhra Pradesh’s new capital is being said to be located in Vijaywada-Guntur area, with clusters that would include Mangalgiri and Amravati towns developed around it. A central team has given an opinion this as one of the options.Although it has suggested two more options, Andhra Pradesh chief minister N Chandrababu Naidu is in favour of [...] Continue Reading »
It is speculated that the revenue department will ask the builders to pay taxes on their unsold stock of ready houses as per a proposal that is under consideration. If that happens then the housing prices are expected to fall as the developers will try to sell off their properties and reduce their inventories. The income [...] Continue Reading »
