Property Buying
The realty sector in Gujarat is facing a downfall with the steady price raise of construction material and shortage of skilled labour. Experts say that the construction projects across Gujarat are getting either delayed, cancelled or stalled from past a week. Same is the scenario faced by real estate markets in cities like; Vadodara, Surat, [...] Continue Reading »
Property can be a great source of income for your retired life or in case you lose your job, as many people have in last couple of years. There is no doubt that property is a great help if the investment is made at the right time. Those who invest in realty should have a [...] Continue Reading »
According to RBI data, the growth in outstanding credit of banks, under priority sector housing loans, halved to 6.80 per cent in April, against 11.90 per cent in the year-ago period. SBI, the country’s largest public sector bank, expects a moderation in the growth in home loans. Close to 30 per cent of the home [...] Continue Reading »
Piramal Realty Limited to launch five residential projects in Mumbai at an estimated investment of about Rs 1500 crore. The company will develop about 30 million sq. ft through land acquisitions funded from its own sources, without any borrowing, managing director Khushru Jijina said. The developer is evaluating 20 projects across Mumbai, Pune and Nashik. [...] Continue Reading »
Mumbai and the outskirts of the city has seen an 11% growth in rental value in the past year. The figure for Bangalore, Pune and Delhi has shot up by 13%, 11% and 9% respectively. The rent in South Mumbai had gone through the roof. It is still unaffordable. So, people are shifting towards the [...] Continue Reading »
The model real estate Bill has been redrafted to safeguard buyers from builders and land sharks.Under the new Act, builders risk losing their license for not keeping promises on deadline or quality In a move to safeguard buyers from builders and land sharks and regulate the real estate sector, the housing and urban poverty alleviation [...] Continue Reading »
The police are investigating the activities of fraudsters involved in a racket to cheat several banks and apartment buyers. Preliminary investigation revealed that the fraudsters sold the same property to multiple buyers, before registering it in the name of one of the gang members.The fraudsters have been accused of submitting multiple mortgage documents(fake ones) to [...] Continue Reading »
Nashik is the administrative headquarters of Nashik district and Nashik Division. It is located in the northwest of Maharashtra, 180 km from Mumbai and 202 km from Pune. The locations that were once ignored for residential purpose have become hot property destinations. Today it is being considered as the premium residential location of the city, [...] Continue Reading »
After a brief lull in 2008-09, property prices rose sharply in 2010. According to realty experts, in 2011, the momentum in property prices is likely to continue. But the gains may not be uniform across the country. The Property prices are likely to appreciate in a few pockets. Here is a ist of hot property [...] Continue Reading »
Loan scam to hit realty companies as bankers turn cautious in sanctioning fresh loans. The arrest of eight finance executives by the Central Bureau of Investigation on Wednesday on charges of taking bribes to sanction loans does not lead to a systemic risk but bankers turn cautious in sanctioning fresh loans for new property, forcing [...] Continue Reading »
