Realty News
Omkar Realtors has taken the slum redevelopment projects as their major business model. In 2003, the Omkar Realtors entered the redevelopment projects for the Mumbai slums. As of date the builder has already redeveloped 2.5 million sq ft of slums and targeting to reconstruct more than 20 million sq ft of slums by 2016. Redevelopment [...] Continue Reading »
Most of the projects in Gurgaon became a concern for the home buyers and the investors. When analysts calculate the appreciation values of the projects, construction delay works as a negative pulse on the return on interest. The normal appreciation value of real estate properties are in a range of 25-30%. After adding the delay [...] Continue Reading »
The state government has decided to reduce the impact fee rates after witnessing a poor response from the owners of the properties of Gandhinagar. The government also plans to simplify the process to regularize unauthorized constructions under the Act. The decisions were taken at a high-level meeting between state Urban Development Department officials and municipal [...] Continue Reading »
Real estate consultancy firms expects home prices to undergo high appreciation after six months. According to them potential home-buyers have a small window of opportunity over the next six months to buy real estate properties in India. The analysts found that builders will be able to maintain high cost of apartments as the demands will [...] Continue Reading »
Parsvnath’s 1.2-acre plot at Kasturba Gandhi Marg in New Delhi can be acquired either by ICICI Bank’s domestic real estate fund or Indiabulls Real Estate. In a bid for the land, the two real estate financier have quoted the bid between Rs 500 crore and Rs 600 crore. The main attraction for the plot is [...] Continue Reading »
The government has planned to implement the TDS scheme for all transactions in real estate sector. In the new property transaction scheme, any person selling a property in excess of Rs 25 lakh had to seek the prior permission of the Government. The new concept of deducting tax at source will be effective from October [...] Continue Reading »
It is noticed that over the time a network of middlemen controlled the price of land in Kerala. The so called land mafias do not allow the interaction between genuine buyers and sellers of land. It is also recorded that at least 10 lakh unoccupied houses and flats are available in Kerala. The middle men [...] Continue Reading »
The big players of the real estate in Indore are highly motivated after the rate cut decision taken by the Reserve Bank of India. The builders of Indore are expecting a rise in demand of apartments in Indore as the home loan interest likely to be cheaper. With higher inflation rate the prospective home buyers [...] Continue Reading »
The West Bengal government has now decided to bring in an amendment to the Urban Land (Ceiling and Regulation) Act (ULCA), 1976. The proposed amendment will impose the reservation of 30 per cent apartments in big housing projects for the low-income group (LIG). Though the industrialists have been asking to withdraw the law, the ministry [...] Continue Reading »
The real estate market in Mumbai has been affected badly during the slowdown. But in the first three months the sale of apartments has gained momentum in Mumbai real estate market. The registration department has recorded a 37% increase in the sale of residential apartments in the month of March. The rental properties also see [...] Continue Reading »
