Inflation
Reports reveal a significant drop in consumer inflation rates at 5.52 % in October. It is the lowest since February 2008. The previous consumer price index for urban dwellers had its lowest inflation rate in February 2008 and the significant lowering has been recorded once again in October at the rate of 5.52%. This report [...] Continue Reading »
A WEF (World Economic Forum report came out with some data which is not favourable for India Inc. India is among the worst- ranked countries when it comes to taxation and inflation burden on the economy. Crime, terrorism and health hazards also have a negative impact on the business environment. Out of 144 countries analysed by [...] Continue Reading »
Consumers looking at taking the benefit of the government’s emphasis on the real estate sector, especially the housing sector, need to be aware of the tax implications. These tax implications are related to the sale-purchase of properties particularly when the sale-purchase agreements and their executions are spread over several days/months or even years. The citizens [...] Continue Reading »
Inflation in every category has hit the Indian consumer badly in the last two decades. The food inflation is at its all-time high, but inflation in rents has spiked up the most, surpassing the increase in any other consumption category. A Mint analysis of price trends in major items of household expenditure shows rental and [...] Continue Reading »
The residential segment of the real estate market, defies the price determining demand-supply mechanism. The Fitch group’s research arm, India Ratings and Research Pvt. Ltd. recently came up with a report titled “2014 Outlook: Real Estate Sector”. It has been said in the report that the prices of residential units have risen continuously since financial [...] Continue Reading »
While the benchmark Sensex — which has hit several all-time highs — has risen just 3.6 per cent, in the past month, the BSE realty index rose around 12 per cent. In the last one month, the realty stocks have been rising on the hope of revival of the economy. HDIL rose around 53 per [...] Continue Reading »
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 »
During National Real Estate Development Council convention held on 8th December, Chairman and Managing Director of National Housing Bank (NHB), R V Verma announced his thought to support Housing finance institutions by providing a loan of Rs 17,000 crore from July to next year June shortly. Housing finance companies aim to finance individuals’ home loans [...] Continue Reading »
Over the past five years, housing finance penetration has remained stable in India, reports ICRA Limited, an Indian credit ratings agency. The penetration levels in other developing countries are significantly higher than in India. The report states that the penetration rate increased from 4.5 percent as on March 2004 to 7 percent in March 2007. [...] Continue Reading »
New Delhi- The year 2012 unexpectedly saw a slower price appreciation in the residential sector of all the top seven cities in India. However, the average capital of the country was increased to only 1-3 percent. According to Jones Lang La Salle, the year 2012 was a sluggish year for the economic growth as there [...] Continue Reading »
