Real estate in India
After a brief lull in 2008-09, property prices rose sharply in 2010. According to realty experts, in 2011, the momentum in property prices is likely to continue. But the gains may not be uniform across the country. The Property prices are likely to appreciate in a few pockets. Here is a ist of hot property [...] Continue Reading »
Mumbai, the country’s financial capital, is expected to lead a fall in property prices owing to buyers’ resistance to higher prices, rising interest rates, tightening of credit to developers and excess supply. The cash flow of realtors that is getting affected by this fall in sales volume and a crunch in the supply of credit [...] Continue Reading »
India, particularly Mumbai and New Delhi, are ranked the foremost real estate market destinations as the residential properties have maintain the growth momentum. India has been ranked as the most preferred real estate destination among the Asia Pacific according to ULI-PwC report. The Urban Land Institute (ULI) initiates research that anticipates emerging land use trends [...] Continue Reading »
DDA realized its responsibility for the maintenance of the flats, will other builders too rise to the occasion and provide the much needed after-sale service to their clients? For the first time, the Delhi Development Authority (DDA) will now provide maintenance of the flats that are part of its latest housing scheme for the next [...] Continue Reading »
The Loan scam could have a short-term adverse impact on the real estate sector. Banks that have exposure to real estate are stepping up their due diligence. Such scrutiny may tighten realty firms’ liquidity positions as banks may go slow on loan sanctions. Though some realtors dismiss the problem as a minor aberration, there are [...] Continue Reading »
The services such as construction, erection, commissioning or installation, repair services provided prior to 1 June 2007 made taxable with effect from 1 June 2007. In case a contract where the provision of service commenced prior to 01.06.2007 and any payment of service tax was made under the respective taxable service before 01.06.2007 – No [...] Continue Reading »
RBI introduced a ceiling on “loan to value” (LTV) ratio for home loans. The central bank has said that the loan to value ratio for home loans cannot exceed 80 per cent of the value of a house as housing loan.This in effect means that you will have to shell out more from your own [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) is finally girding up to tighten its property tax collection process.The BBMP has formed 385 crack teams who will survey all properties in the Palike’s jurisdiction to ascertain whether they have been accurately assessed under the self-assessment scheme (SAS) and appropriate amount has been paid in tax. As on [...] Continue Reading »
Builders across the state have decided to stage a one-day strike on Thursday protesting against the unprecedented 100% hike in the price of cement in the last one month. The hike in the prices of cement and other raw material had already hit the construction sector badly. Confederation of Real Estate Developers’ Association of India [...] Continue Reading »
By January 2011, all property owners of Bangalore will get their updated unique Property Identification (PID) numbers.The new PIDs will be a complete identity of your property. Currently, only properties in core areas have PIDs – majority of them still have the old ward numbers and there’s no uniformity in digits.After January, one can access [...] Continue Reading »
