Properties Under-construction
The end users for properties in India who are purchasing their first house are looking for ready-to-occupy flats. In context with same, the chief executive officer of PropEquity say that ready-to-occupy flats will fetch lower returns on investment when compared to flats under construction. However, when considering flats under construction the concerns are many like; [...] Continue Reading »
BBMP give an option to the builders either leave open spaces or pay market value As if the dwindling tree cover is not enough, it is an open invitation to expand the concrete jungle that Bangalore is becoming. The BBMP has given an option to the builders of apartment complexes either leave 10% for open [...] Continue Reading »
Bankers would now exercise greater caution before sanctioning loans for project finance. Several bankers and housing finance executives said the guidelines would become more stringent across-the-board, particularly for project financing. Stung by Housing Loan Scam, banks and housing finance companies will seek additional security and add completion guarantee clauses into agreements before sanctioning loans to [...] Continue Reading »
