Property Prices
Ghaziabad- The real estate scenario of Patel Nagar seems to be contradictious as the properties, mainly after the metro coming up, are gradually witnessing value appreciation while the number of property transactions are not increasing. It has to be noted that though there is no scarcity of land to develop residential projects in Patel Nagar, [...] Continue Reading »
New Delhi- Owing to delay in initiating projects, prices of properties in India have shot up by 40 percent, reports Economic Survey 2013. Before the construction activity of a project has to be started, the builder of the project has to complete 34 procedures to get clearances which would take at least six months time [...] Continue Reading »
Mumbai- Due to a reducing number of property bookings, the inventory of unsold properties in Mumbai is piling up which is further forcing the developers of the city to decrease property prices. According to real estate consulting firm Knight Frank, the number of unsold inventory of the real estate projects in Mumbai has increased by [...] Continue Reading »
New-Delhi- A recent report by an all-India property index stated that the realty prices in Mumbai and Delhi fell by 2.4 percent and 0.9 percent in December. As per another real estate expert, although there has not been a significant drop in property prices, the current trend in cities like Mumbai and Delhi-NCR might continue based [...] Continue Reading »
Real estate developers face many challenges to get approvals from the authority which in turn lead to delay in construction work and possession. The government is planning to set up fast track approvals for real estate projects where they will post all the approved projects online to minimize delay in possession. It will be easy for consumers [...] Continue Reading »
A large number of home buyers in India are awaiting reduction in property prices to get the best real estate deals. In order to reduce the prices, the Finance Minister P. Chidambaram recently directed all government-owned banks to force real estate developers to lower the prices, which in-turn is expected to beat the economic slowdown. [...] Continue Reading »
Bangalore- Good news to builders and developers whose projects have been kept on hold due to liquidity crisis. The finance ministry has planned to initiate a measure which is expected to improve the realty sector. Banks will be allowed to permit funds to stalled projects, which would revive the growth in economy. As per RBI‘s [...] Continue Reading »
The Reserve Bank of India (RBI) has denied the request of banks to allow them to restructure real estate loans without providing for likely losses if the loans go bad. A loan is said to be restructured when the original terms of the agreement (interest rates, tenure) are diluted in order to support troubled borrowers [...] Continue Reading »
Chennai- Most of the apartments located in the suburbs of Chennai have witnessed a price appreciation of over Rs 1,000 per sq ft in the last two years. In some of the areas in Chennai outskirts, the property prices have even increased by up to 75 percent. According to a report released by realty consultant [...] Continue Reading »
New Delhi- A report released by the Knight Frank Investment Advisory, stated that due to the increased property prices ranging from Rs. 3,200 per sq ft to Rs 15,000 per sq ft, there will be an increase in the property buying with real estate acting as a promising asset in the coming years. Mumbai leading the first [...] Continue Reading »
