Brokers
Experts say rents are up because prices went up irrationally in several major markets. It has seen a 15-20 per cent rise in values over the past year across many markets, irrespective of the slowdown in the property sector. While buyers are in a wait and watch mood, the home rental market is headed north. [...] Continue Reading »
It has been seen that buyers are tempted to buy a house at a price 20-30 percent lower than the market price that is why buyers book houses projects that are sold even before all clearances are in place. There are cases where builders accept bookings, when given profligate delay in getting these, before they [...] Continue Reading »
Now, real estate brokers and agents may be allowed to apply for bank licenses. In a recent proposal, the Reserve Bank of India (RBI) may set aside reservations on real estate firms and brokerages and allow them to obtain license. The proposal will be formalised in the central bank’s final guidelines but there is no certainty yet [...] Continue Reading »
Rupees 38 crore unaccounted money has been seized by the income tax department during raids at the residential and office premises of real estate developers in Surat. According to sources, two real estate groups had disclosed unaccounted income worth Rs 27 crore and another leading realtor has disclosed Rs 11 crore. The search and seizure [...] Continue Reading »
The sudden boom in real estate after the long time slump has given a hint of doubt among buyers and developers. However, they a reason to be happy because of the same. Brokers and real estate consultants have been working long hours calculating the fate of buying and selling hotel projects. Since there has been [...] Continue Reading »
Since the land acquisition case in Noida, developers are planning to sell their properties as affordable homes. Likewise, interested buyers are aiming at the twin cities for better offers. But the problem occurs as the number of property frauds are on a rise in these cities. Approximately 200 fraud cases has been registered with the [...] Continue Reading »
What is money laundering law? Money laundering is considered as a serious threat to whole of the global financial systems as it involves disguising of financial assets which will be later on used without detection of the illegal activity that produced them. The whole idea of money laundering is to transform the monetary proceeds into [...] Continue Reading »
