Prospective buyers
Presence of reputed schools and educational institutions in an area alters the area’s realty growth. On the other hand, most of the schools are giving preference to admit students who reside within a 5 km radius. Parents choose to move into new houses or buy properties in the localities close to their kid’s school. Some [...] Continue Reading »
One need not stand in a long queue to register their property in Hyderabad! The property buyers who are in a pace of registering their property can now do it at the sub-registrar’s office. Finally, property registration has come online likewise booking for passport. The simplified process of registration of property will begin from May [...] Continue Reading »
Banks will now be relieved if the amendments to the Sarfaesi laws is done very soon! Under the proposed amendments in Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Sarfaesi), banks wil now be allowed to seize the defaulter borrower’s property in any case. They can even buy the asset [...] Continue Reading »
This news comes in as an hurricane! Finally the developers have started cutting down the property rates. This was the royal time all the prospective buyers were waiting for! Unbelievable property rates in Mumbai have come down by 10 to 30 percent. Just to survive in this sluggish real estate market, the city developers are [...] Continue Reading »
The service tax department in Mumbai traced that builders in the city had collected nearly Rs.50 crores as service tax but never seemed to have paid the same to the government. In concern with this trace, recently the service tax department collected Rs.20 crore from several builders in the city. These builders also promised to pay [...] Continue Reading »
The property consultants see hike in policy rates that is proving a minimal effect on taming inflation, on all- round cost. Mr Pranab Datta, Vice-Chairman and Managing Director, Knight Frank India reported saying that the rising inflation is for further tightening of the key policy rates in the financial market and also the prospective buyers themselves holding capacity [...] Continue Reading »
