home buyers
The real estate sector in Pune is beginning to show serious signs of strain under the combined weight of increasing cost of construction, astronomical mortgage rates and a generally uncertain economic climate. Inflation has also contributed to a decrease in affordability of residential properties. In 2011, prices had increased by between 4-5 % in many [...] Continue Reading »
Flats owners of Park Place luxury housing project contested the arbitrary change in the housing plan done by DLF and accused the builder of misusing its dominant position as per the contract agreement signed between the flat owners and the builder. After the Competition Commission of India (CCI) order, the flat owners are joyous. “The [...] Continue Reading »
Figures collated by online portal Foreclosure India on auctions held by banks and Debts Recovery Tribunal (DRT) since January 2010 show that of 32 cities across India, Mumbai’s speculative realty market has the second highest number of foreclosed properties after Bangalore. DRT show a 23 per cent rise in cases of Mumbai properties, mostly residential, [...] Continue Reading »
We all know that builders do violate a few big and small Floor Space Index (FSI) norms. But due this, home buyers have to suffer. Similar situation happened when there was a CID inquiry being conducted into alleged violations of FSI norms in the apartments on Palm Beach Road, Mumbai. Some residents seem to know [...] Continue Reading »
Higher interest will push up monthly installments for home loans for existing as well as new home buyers. The National Real Estate Development Council (Naredco) expects interest rates on housing finance to increase to 10.5 per cent for loans up to Rs 30 lakh and 11 per cent or more on loans above Rs 30 [...] Continue Reading »
One of the pleasures of buying a property in Pune is the fact that home buyers have many more options than they did a decade ago. The city has expanded in all directions, turning far-flung locations into buzzing destinations with a slew of properties to suit all buyers’ needs and budgets. Accompanying this tremendous growth [...] Continue Reading »
