Buyers
An initiative taken by State Bank of India (SBI) is a ray of hope for home buyers in this era of highs! SBI has cut procession fees by half on home loans making it generous enough for the buyers. The new charges launched has been made effective from January 11, 2012. The bank has thought [...] Continue Reading »
Real estate market saw many ups and downs in 2011. The firms either big or small who are listed at the Bombay Stock Exchange (BSE) degraded all in the previous year. The realty stocks’ price on an average went down by almost 51% with some firms going down as much as 80% in 2011. The [...] Continue Reading »
Carrying cash was always an age old problem be it for mugging or any other illegal activity. As the upcoming polls are on its way, it brings lots of tension to Noida property buyers also. Buyers in the city can not freely carry more cash for property registrations. There has been a cap set for [...] Continue Reading »
As Noida Extension was lots in news for past few months, another one has added itself to the list! Noida Extension Flat Owners and Members Association (NEFOMA) have decided to take legal action against a builder who asked the buyers for interest for pending payments. Builder of Palm Olympia is asking for extra interest on [...] Continue Reading »
Eiffel Group who are primarily into plot development is all set and ready to invest Rs 300 crore to launch more realty projects in Mumbai, Pune and Nashik regoin in over next three years of time. Eiffel Group experts say that they will be acquiring land and buildings to improve the necessary infrastructure in these [...] Continue Reading »
Recently, Maharashtra Government has approved a plan of setting up a new housing authority. This means regularization of flats will be a mandatory procedure which in turn be a relief for buyers. The new act to be announced will replace the Maharashtra Ownership Flats (Regulations of promotion of construction, sale, management, and transfer) Act, 1963. [...] Continue Reading »
Real estate market has been witnessing a continuous ambiguity First, investors invested in properties leaving no affordable properties for buyers. Now, those nervous investors are selling off the properties below market rates and destroying developers’ sale market. Both buyers and investors are in a puzzled state. In this total confused market, look for properties which are [...] Continue Reading »
Mumbai saw a dip in residential projects being launched this year due the long lasting effect of the slump in realty market. As per a report by property consultants Knight Frank, as planned out of 54,968 units, only 19,470 residential units were launched in Mumbai in 2011. The upside down projection in realty market is [...] Continue Reading »
The CREDAI Kerala Property Show which was organised last week has finally concluded and as per the developers, it was a success. The five day long show in Kochi had an exhibition from around 47 builders of the state. The show attracted as many as thousands of home buyers and investors all around the state. [...] Continue Reading »
Banks will now be relieved if the amendments to the Sarfaesi laws is done very soon! Under the proposed amendments in Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Sarfaesi), banks wil now be allowed to seize the defaulter borrower’s property in any case. They can even buy the asset [...] Continue Reading »
