High land prices
The sevenfold rise in Bihar Industrial Area Development Authority (BIADA) owned land in various districts has concerned state BJP, which feels it could affect investor confidence. Effective from June 19th, an investor would now have to pay Rs. 14.95 crore for an acre of BIADA land in Patna, as opposed to the previous rate of [...] Continue Reading »
The State Bank of India (SBI) has recently made an announcement of cutting its base rate by 25 bps to 9.75 per cent. Although it is likely to positively impact the home loan segment, most realtors and analysts feel that it will not prove to be a saviour for a majority of home owners in [...] Continue Reading »
Exorbitant land prices are pushing housing prices in Kolkata. It is not in tune with the overall slowdown in real estate market. Land prices have gone up by more than 50 per cent in many plush localities in Kolkata. The demand remains steady and hardly any new townships have come up in urban and semi-urban [...] Continue Reading »
The burden of high land prices quoted by builders is ultimately borne by the customers who are already affected by high rate of Housing loans and service tax. The Navi Mumbai secretary of Maharashtra Chamber of Housing Industry, Manohar Shroff, said the fact that plots were being bought through the tender process at very high [...] Continue Reading »
