Diwali
Fresh loans worth Rs 1,375 crore have been granted to 18,510 beneficiaries during the third quarter September-December last year as a decrease of 55% from the same period in 2012. A record shortfall in demand for home loans last year has been led by the slowdown in real estate and overall economic slump. The fall [...] Continue Reading »
Delhi NCR- An increased positive growth of realty sector is expected in Delhi NCR, post Diwali as there will be more home buyers of about 10-15% when compared to the previous quarter. In the past eight months, the residential sales fell by about 40% in NCR and the coming months will witness a change as [...] Continue Reading »
Due to Diwali lighting and decorations, the power consumption was supposed to go up but unfortunately power consumption has come down by around 35 percent. In last one month, before Diwali, power consumption was 8 million units per day but it has come down to about 10.5 MUs per day during Diwali day, said Torrent [...] Continue Reading »
Garbage contractors staged a protest in front of the office of the Bruhat Bangalore Mahanagara Palike (BBMP) Commissioner demanding security for their vehicles and to take care of the garbage dumped at landfills. Rajneesh Goel, BBMP Commissioner declared that the BBMP would form a squad of five officials who will manage the sites during night [...] Continue Reading »
Malls are witnessing increased footfalls during the festive season. In cities like Ahmedabad and Amritsar the mall developers are eager to cash on the festival spirit of the consumers. In malls like AlphaOne, present in both Ahmedabad and Amritsar,this festive season has brought in very good footfalls and the consumer spending has increased since the [...] Continue Reading »
Many developers are rolling out special offers ahead of Diwali at the Maharashtra Chamber of Housing Industry’s (MCHI) on-going property exhibition at Mumbai Metropolitan Region Development Authority (MMRDA) grounds. Free parking space, club membership offers, removing stamp duty-registration and maintenance charges are some of the primary offers, while the most lucrative offer continues to be a [...] Continue Reading »
In order to showcase properties across Nashik under one umbrella and provide buyers the opportunity to purchase real estate in Nashik, the Confederation of Real Estate Developers’ Association of India (CREDAI) has planned a real estate expo in the city. The realty expo – ‘Shelter’ will be organised in the city from December 20-23. CREDAI [...] Continue Reading »
Indore real estate scenario is not cheered up even by the festive season. The walk ins to realty sites have gone down and actions taken by the authorities against realtors have added woe to the dismal condition. The Confederation of Real Estate Developers’ Associations of India (CREDAI) hopes that things may improve during the forthcoming [...] Continue Reading »
Festive season has triggered initiatives to boost home sales. Banks and builders have come up with lucrative offers for home buyers. Several banks have cut rates on home loans by 25-50 basis points and real estate developers are offering discounts on under-construction and ready for possession properties. Bank of Baroda, Allahabad Bank, Central Bank of [...] Continue Reading »
Mumbai government is shocked and worried to see a major slump of real estate for the fiscal year 2011. The overall revenue target for the current fiscal account has been reporting a major drop down. The eastern suburbs have traced a major drop in the real estate transactions. Rising property rates, inflationary pressures and constant [...] Continue Reading »
