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New residential project in Shimla by Prithvi infra

New residential project in Shimla by Prithvi infra
Prithvi Infradevelopers has planned to develop a residential project in Shimla. The project will be constructed on a 5 acre of land. 198 apartments will be constructed under the project. The residential units would comprise of studio apartments, 2 BHK, 3 BHK and 4 BHK flats apart from two Cottages. The cost of apartments will [...] Continue Reading »

Affordability of Homes in India has increased: HDFC

Affordability of Homes in India has increased: HDFC
Cost of apartments in India has increased as well as the rate of interest on housing loans in last couple of decades. But according to the HDFC Ltd, the affordability of purchasing a home in India also has been increased. In an analysis the financial institution has found that a home buyer, on an average, [...] Continue Reading »

New real estate project launched in Gurgaon

New real estate project launched in Gurgaon
Assotech real estate has launched a premium housing project in Gurgaon sector 99. Real estate Private Equity firm SUN-Apollo will invest Rs 500 crore in the project. Assotech Blith will be constructed over 12 acres. The project will have 586 apartments on the upcoming 150 NPR (Dwarka expressway) in Gurgaon and is one of the [...] Continue Reading »

Calculate Actual Cost of Apartments in India

Calculate Actual Cost of Apartments in India
Apartments in India are the dream of every individual. It is also considered as the largest investment of lifetime. But before anyone prepares the budget for their apartment in India, he should consider several added expenditure over the cost of the apartment. Floor rise charges of approximately Rs 25 per sq ft will be added [...] Continue Reading »

Unsold flats need three years to get home buyers in Mumbai

Unsold flats need three years to get home buyers in Mumbai
The number of unsold flats in Mumbai are increasing day by day. With the increase in the cost of apartments, the rate of sale in reducing. Still the builders are not showing any interest in reducing the cost of the properties. They are hoping for a better price appreciation in future time. It is estimated [...] Continue Reading »

Cost of apartments in Mumbai is Rs 2.6 crore in average

Cost of apartments in Mumbai is Rs 2.6 crore in average
The cost of apartments in Mumbai has been increased rapidly. As of date the average price of an apartment in central Mumbai is approximately Rs 2.6 crore. The rise is recorded as 20 % compared to the price of apartments in the same time last year. The average cost of apartments in the municipal limit [...] Continue Reading »

Builders stopped rate reduction after RBI reduced repo rate

Builders stopped rate reduction after RBI reduced repo rate
The builders of Mumbai and NCR have suddenly stopped bargaining on the cost of apartments in Mumbai. There are several incidents happening now a days where builders are withdrawing any discounts proposed earlier. The recent repo rate cut by the Reserve Bank of India has made real estate developers hopeful that sales would pick up [...] Continue Reading »

Governmental valuation is 10-45 percent less than actual market price

Governmental valuation is 10-45 percent less than actual market price
The guideline value of the properties in Chennai are 10 to 45 percent less than the actual market price. After five years the Chennai government has revised the Guidelines values last year. This value is used by the government to access the value of the property for collecting the service tax. Growing demand for housing [...] Continue Reading »

Home prices may increase in next six months

Home prices may increase in next six months
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 »

Sales of apartments in Mumbai reduced in 2011

Sales of apartments in Mumbai reduced in 2011
Though the real estate market in India saw a good rate of sales of apartments in 2011, the property market in Mumbai witnessed a downfall in property sale. The major reasons of less number of sale of apartments in Mumbai are the high price of apartments. On the other hand the demand for new apartments [...] Continue Reading »



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