Real estate in India
Alpine Housing Development Corporation Ltd is a name that denotes quality and aesthetics in the real estate arena. Alpine’s quality property development encompasses condominiums, apartment buildings and commercial complexes. With an experience of 16 years in the business, it has completed 16 projects in Bangalore so far. The USP of Alpine is its emphasis on [...] Continue Reading »
The State Bank of India (SBI) has recently made an announcement of cutting its base rate by 25 bps to 9.75 per cent. Although it is likely to positively impact the home loan segment, most realtors and analysts feel that it will not prove to be a saviour for a majority of home owners in [...] Continue Reading »
The festive season is unlikely to bring cheer to developers as buyers are shying away from properties due to escalating and unrealistic prices. Although developers have tried various means to boost sales – such as offering freebies and discounts, home sales continue to go through a dismal phase. Analysts feel that until prices are corrected, [...] Continue Reading »
The government is all set to bring in a package to boost real estate activity by easing lending and provisioning norms for banks. The finance ministry is set to work out a strategy to boost the sector as developers expressed their inability to cut prices to increase demand. The ministry has been in talks with [...] Continue Reading »
Pataudi Road, located in the vicinity of three major highways –Gurgaon Expressway (NH-8),the upcoming Kundli-Manesar-Palwal (KMP) Expressway and the Dwarka Expressway, is on route to become a residential hub in NCR. A part of the 2021 Gurgaon-Manesar Master Plan, Pataudi Road offers affordable prices at present and the increase in demand is set to push [...] Continue Reading »
The mid-sized developers are banking upon the 20:80 scheme in the upcoming festival season. It has been considered a popular marketing tool to attract buyers amidst a slowdown in the real estate business. Under the scheme, which is known as the ‘subvention scheme’, a buyer has to pay only 20 per cent upfront, while the [...] Continue Reading »
CREDAI, the apex body of realtors, welcomed the RBI’s decision to cut cash reserve ratio (CRR) by 0.25 per cent. However, they also felt that reduction in repo rate was needed to boost the real estate sector. The Indian real estate industry has expressed hope that a part of Rs 17,000-crore worth liquidity infused by [...] Continue Reading »
Union secretary for financial services D K Mittal has reportedly asked the Confederation of Real Estate Developers Association of India (Credai) to conduct a survey of unsold housing stock across the country. The initiative was taken at a meeting which was attended by representatives of both banking industry and developers. The step comes in the [...] Continue Reading »
The Centre and States have agreed to revise the provisions of the Land Acquisition Bill after considering the concerns of industry. State Chief Secretaries and Principal Industry Secretaries have met and arrived at a consensus that provisions in the Bill need to be reworked to boost manufacturing sector. The crucial issues where emphasis is to [...] Continue Reading »
The appreciation of the Singapore dollar and RBI’s liberalised policies are attracting expats, NRIs and Singaporeans to invest in India’s booming real estate market. The recently held India Property show in Singapore witnessed growing interests of investors. Availability of variety of properties offers a reliable and convenient investment opportunity for the Indian as well as [...] Continue Reading »
