Capital value
The dipping rupee value in the past few months has brought a lot of cheer to Non Resident Indians. The Indian real estate market has now turned sluggish and the depreciating rupee adds more power to NRIs dollars and leads them to acquire properties at cheaper rate. Anuj Puri, chairman & country head, Jones Lang [...] Continue Reading »
In Pune, a residential bungalow which is a part of villa development project was sold for Rs 1.61 crore. This bungalow is spread across an area of 3,300 square feet with a four-bedroom unit. Pune today has a capital value of about Rs 5,000 per square foot. Holiday homes which is spread across in the [...] Continue Reading »
Assured returns is what the developers are using as a bridge to attract the property buyers. This is happening only because the Reserve Bank has put down certain restrictions on developer transactions and norm is intern affecting the home buyers’ credit lines. Developers have started encouraging “Assured returns” concept in order to draw home buyers [...] Continue Reading »
