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Today Mumbai real estate industry is facing serious problems and this has been happening because of the improper governance in the real estate sector. Rs 800 crore worth real estate deal is bouncing in the hands of top city builders encouraging illegality in it’s construction and transactions. The state government itself agrees saying that the [...] Continue Reading »
The impact of fluctuating property prices have left the developers and builders worried! In the same context, the Maharashtra government has sent a request to Union ministry of environment and forests (MoEF) to give nod for green clearance at the earliest. It has been learnt that SEAC and SEIAA are the two major government bodies [...] Continue Reading »
It is a high time that the municipal corporations in Indian cities have started collecting property tax from the defaulters. Similar is the case at Indore. The Indore Municipal Corporation (IMC) has prepared a huge list of one lakh property tax evaders. These one lakh tax defaulters have kept property tax payment pending from last [...] Continue Reading »
A sigh of relief can be felt by the home buyers by the recent dip in interest rates! Delhi’s renowned firm, BPTP has tied up with HDFC to provide home loans at a cheaper interest rate of only 5.99%. This scheme is to lure more and more buyers to avail affordable home loan for recently [...] Continue Reading »
In the year 2011, private banks were the huge lenders in home finance who continued to impose increasing penalty on the loan borrowers throughout the year. To ease the home loan environment, ICICI Bank a private home loan financing company waived pre-payment charges on floating rate home loans for the existing as well as for [...] Continue Reading »
The Sundaram Finance Ltd in Tiruchirapalli is all set and ready to release Rs 1,800 crore home loan disbursements target. The company has set a positive trend to establish themselves well by achieving this target for the year 2011 and 2012. The company says it has strong roots in South India wherein its looking forward [...] Continue Reading »
The Urban Property Ownership Record (UPOR) project recently surveyed the documentation of 2.75 lakh properties in Mysore city. The UPOR project aims in recording details entailing to property and will also contain information related to fraudulent transactions of properties and land encroachment. This project has been headed by Karnataka state chief minister. Chief Minister [...] Continue Reading »
Mangalore claims a tremendous growth in residential realty segment during 2011. Midst increase of bank interest rates, cost of raw materials and inflation, the realty is sky high in Mangalore. The increase has also hit the realty sales, however the confidence in the developers, builders and the property buyers has resulted in growth remained stagnant [...] Continue Reading »
More than 70000 people who had a dream of settling down in the hill station of Shimla have been disappointed by the authority. Last year, Himachal Pradesh Housing and Urban Development Authority (HIMUDA) took Rs 5000 in cash from the interested buyers as an advance amount for survey for plots and flats. However, till date [...] Continue Reading »
An investor should always know what will be the right time to invest in the real estate market. Some of the investors who are totally unaware of the happenings in realty market have sat back leaving no stone unturned to find reliable scenarios. Midst interest rate hike and property price hike, it is definitely not [...] Continue Reading »
