Property Prices
The rising interest rates in Mumbai have an impact on home loans. Home loan borrowings have gone up by 21% since March 2010. The property prices have remained relatively subdued in several sectors. Reserve Bank of India have been tracing the latest data that have aggregated home loans by the commercial banks rose 21% till [...] Continue Reading »
Mr Rajeev Talwar, Group executive director of DLF said that distinction between Government land acquisition process, and free trade between willing buyers and sellers in private sector transaction, should be maintained. Any escalation in the land cost will be passed on to the consumers. To paint private property transactions between the willing buyer and seller [...] Continue Reading »
Demand for property in major cities across the country have dipped and sharp increase in borrowing costs had kept buyers on the sidelines. Banks have raised their lending rates sharply in the past few months after Reserve Bank of India (RBI) raised interest rates 11 times since March 2010. Bhopal leads the pack in rise [...] Continue Reading »
Since January, real estate brokerage firms in Ahmedabad have seen a slump in business by about 30 per cent. Property bookings have also been on a downhill since couple of quarters now. Real estate consulting firm, Jones Lang LaSalle (JLL) India states that the downgrading of US economy has also played a part in aggravating [...] Continue Reading »
The land row in Greater Noida is settled but there is a shortage of clear land and few developers who still have undeveloped land with them will cash in on the situation. Emboldened by the court decisions in favour of farmers in Greater Noida, farmers in Noida had demanded enhanced compensation for their land, regularization [...] Continue Reading »
“Noida as well as Greater Noida offer a wide range of affordable housing, so the demand cannot go down for such units. At present, there is confusion in the minds of buyers because of the SC order. This should settle down in the next fortnight,” said Getamber Anand, vice-president CREDAI. However, while many property agents [...] Continue Reading »
Market regulator SEBI on June 23 had directed two Sahara group companies — Sahara India Real Estate Corp (SIRECL) and Sahara Housing Investment Corp (SHICL) — to refund the money raised from investors through optionally fully convertible debentures (OFCDs) with an annual interest of 15 per cent from the date of receipt of money. Sahara [...] Continue Reading »
The Pune Special Cell held gang of fraudulent real estate managers for cheating more than 200 people in Delhi and Pune of crores of rupees. The fraudulent real estate managers tricked people into buying land in Masharashtra towns at ‘low rates’ and fled. “With the arrest of one Arvind Kumar, a resident of Paschim Vihar, [...] Continue Reading »
