Developers
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
Gone are the days when a house meant just that: a simple living space with basic amenities. Today, “townships” are the buzzword, among buyers as well as developers. While amenities and a secure environment are the hallmarks of a township project, you must also consider the location, size of the project and, of course, the [...] Continue Reading »
In a landmark judgment, the Bombay high court on Wednesday held that developers and landowners cannot escape liability of surrendering their excess land despite the repeal of Urban Land (Ceiling and Regulation) Act in 2007. The HC empowered the state to recover the excess land for public housing from private landowners for violations under the [...] Continue Reading »
There has been a growing trend over the last decade or so that has seen large land parcels being unlocked by developers for luxury properties in less matured markets like Pune, Chennai and Hyderabad. What one may term as trophy locations in these cities—instances would include Mumbai’s mill lands—have become available, making it possible for [...] Continue Reading »
The current market prices of property have fallen below the circle rates owing to the subdued realty market in many locations like New Friends Colony, Kalindi Kunj, and Noida in the NCR; Behala, Thakurpukur, Kolkata Main and Lake Town among others in Kolkata, and in small cities like Bhopal. There are many other cities and [...] Continue Reading »
Due to the fact that India is gaining a stable government looking to improve market sentiments by introducing reforms such as launching new projects and increasing sales volume, Indian property prices are expected to rise in the latter half of the 2014 quarter, according to the Knight-Frank FICCI Survey. The FICCI index is based on [...] Continue Reading »
The pre-sale of the residential units is a largely followed of the practice universally-you pay for the property as it comes up. Although the developers in India take a step back after offering the units for sale at pre launch stage. Post that the buyers start demanding over delivery dates. What this is meaning for [...] Continue Reading »
Real estate developers were hoping a lot from the new government in the center to relax the proposed norms, however are now worried about one thing that the new law may raise the cost of land acquisition significantly. Hence they are in a buying spree and have been buying more land from farmers over the [...] Continue Reading »
With a grave energy crisis apparently waiting to hit Karnataka, thanks to a projected weak monsoon and the widening supply-demand gap, realty experts are advising potential home-buyers to check out a few water-related aspects before buying an apartment in Bangalore. According to experts, prospective apartment buyers in Bangalore should ask developers about whether their project [...] Continue Reading »
Real estate developers in the Delhi & NCR region have sought clarity on the UP Apartment Act, despite the fact that a Monday-released notification of the Act empowered apartment buyers in Noida and Greater Noida. Developers are of the opinion that the Apartment Act requires some fine tuning so that there is no impact on [...] Continue Reading »
