Real estate in India
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 »
Tech hub Bangalore tops the list in a new Morgan Stanley report on how India’s booming cities cope with problems from infrastructure to job creation. By 2030 India’s cities will be home to about 590 million people – nearly twice the population of the United States today. Its findings are based on a City Vibrancy [...] 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 »
No transaction in property will be allowed without the card in Mysore city and 42 villages coming under the jurisdiction of the Mysore Urban Development Authority (MUDA) and the Mysore City Corporation (MCC) limits Purchase and sale of property in Mysore will require a Property Card. The Property Card rule will come into effect from [...] Continue Reading »
As a part of a massive drive launched by Bharuch district superintendent of police Gautam Parmar and Bharuch Traffic Education Trust (BTET) against traffic violators, Police have issued show cause notices to builders and shopping complexes in the city for not providing parking facilities. Police have also asked the civic body to not give permission [...] Continue Reading »
Housing prices could fall by up to 20 per cent in Mumbai and Delhi-NCR sooner than expected if RBI raises key rates in its upcoming monetary policy review, says a report by property consultant Jones Lang LaSalle . It is widely expected that the apex bank would increase the key policy rates by up to [...] Continue Reading »
Market sources said leading banks now lend to only credible builders for select projects, but have turned off the tap for most others in the construction sector. Money has suddenly stopped flowing into Mumbai real estate sector with banks and financial institutions tightening the screws on builders. By March 2011, Mumbai builders alone are scheduled [...] 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 »
Housing demand had increased last year after economic revival boosted consumer confidence and banks introduced teaser rates with lower interest cost for borrowings. Sensing better demand, builders had increased prices between 20% and 35% across the country. Property prices are likely to come down in 2011 making it more affordable to own a house, as [...] Continue Reading »
India is now touted to be the next hub for tall buildings and high-rise structures due to high density and smaller building footprints offered by Indian cities. The recent real estate boom and urbanization witnessed by metropolitan cities like Mumbai, Hyderabad and smaller cities like Ahmedabad have contributed to the trend of vertical construction. “India [...] Continue Reading »
