Realty News
Maharashtra Government has recently decided to raise ready reckoner (RR) rates in Mumbai by 30%. This is an excess hike compared to last year’s average increase of 12%. The increase in ready reckoner rates is going to affect properties in areas like Prabhadevi, Cuffe Parade and Worli. This increase has been levied from January 1, [...] Continue Reading »
Gurgaon- With more and more developments happening in new Gurgaon, Old Gurgaon is left far behind as the difference can be seen while driving down the National Highway No 8. The new Gurgaon is enhanced with swanky high-rise residential and commercial properties whereas the old Gurgaon gives a picture of bustling streets, jam packed traffic, potholed and [...] Continue Reading »
New Delhi- Oriental Bank of Commerce has slightly reduced interest rate on home loans of up to Rs 30 lakh by 0.1 percent. Home loans will now be available 10.40 percent with an EMI of as low as Rs 937 per lakh. The state owned bank has announced this offer as a new year gift [...] Continue Reading »
Greater Noida- Construction cost is at peak owing to the abrupt rise in brick rates following the paused brick-production at brick kilns. The cost has been increased from Rs 3600 to Rs 6200 per thousand bricks. Opposing the new norms of procuring permission from the Ministry of Environment, brick manufacturers have stopped production. Fearing huge [...] Continue Reading »
State Bank of India (SBI) has planned to speed up the home loan approval process by making it online. Now, the national bank will approve the loan amount online by linking it with Credit Information Bureau of India (Cibil). For doing so, the bank is thinking of finalising the service providers who will enable the [...] Continue Reading »
Parsvnath Developers Ltd, one of India’s leading real estate developers, has planned to raise fund of Rs 360 crore through a non-convertible debenture issue (NCD). In 2010, the developer had purchased a land parcel in a prime location in the national capital. It had then paid Rs 1,651 crore for the deal, which was a [...] Continue Reading »
Sewri located on the eastern shore of Parel Island has recently turned many heads towards it for its affordability. A lot of construction work has been taken up in the locality in the recent years. This is due to the opening up of mill lands and the Mumbai Port Trust area. The locality has shown [...] Continue Reading »
Many Indian real estate developers had to witness low sale rate and high debt in 2012 due to prolonged approval procedure. Due to high pressure from banks and financial institutions, the developers have come to the term that they need to pay their debts in time. The repayment of these standing debts has made many [...] Continue Reading »
Delhi/NCR- A place popular as a tourist spot due to its hilltop fort-turned-heritage hotel, Neemrana which is situated on the Delhi-Jaipur Highway (NH-8), is now one of the fast paced real estate destinations. It is situated in Rajasthan’s Alwar district and is about 140km from Delhi. The social and the physical infrastructure of this zone has been rapidly developing along with [...] Continue Reading »
High prices of properties is the major concern for home buyers across India. Though unsold properties are piling up, developers are reluctant to reduce rates. As per the data from the NHB (National Housing Bank) Residex index which tracks price movements in the residential segment in 20 cities across India, the rise in property rates [...] Continue Reading »
