Demand for properties
Mumbai: On a move to step up real estate sales, Reserve Bank of India (RBI) has cut Repo Rate for the third time since January by 25 basis points. However, the lowering of the Repo rate by 0.25 percent may no sooner be beneficial to home loan seekers as it is too small to have [...] Continue Reading »
Ghaziabad- The real estate scenario of Patel Nagar seems to be contradictious as the properties, mainly after the metro coming up, are gradually witnessing value appreciation while the number of property transactions are not increasing. It has to be noted that though there is no scarcity of land to develop residential projects in Patel Nagar, [...] Continue Reading »
Lack of land availability and increasing demand for properties in prime city areas, developers are looking at redevelopment of old houses. It is usually a joint venture development wherein the developer signs an agreement with landowners, wherein the house owner will have the ownership of the plot while the builder develops an apartment complex on [...] Continue Reading »
Ahmedabad- The Ahmedabad Urban Development Authority (Auda) is planning to work faster in finalising draft town planning (TP) schemes for the city suburbs as the demand for properties continue to increase in the outskirts of the city. The Authority is planning to submit eight town planning schemes in the suburbs in the current calendar year. [...] Continue Reading »
Bangalore- Properties in Richmond Town, located in the heart of the city, have observed over 25 percent capital appreciation in the last two quarters. In the first quarter of 2012, the area had witnessed Rs 7,500 per sq ft approximately. By the third quarter of the prevailing calendar year, the rate increased to Rs 9,000 [...] Continue Reading »
Mumbai, being the most expensive city of India, has the highest cost of real estate properties which compete with other Asian centers such as Singapore and Hong Kong. It has been recorded that an apartment in 28th floor, facing the Arabian Sea in Mumbai, was sold at 390 million rupees. At a present situation of [...] Continue Reading »
State government had issued the preliminary notification for increasing the guidance value in Bangalore on July 16, giving the public two weeks to file their objections, if any. The notification had suggested a hike ranging from 10% to about 200% depending on the civic amenities and demand for properties in the concerned areas. But the [...] Continue Reading »
