Real estate in India
Reserve Bank of India (RBI) has announced the second repo rate cut of 0.25 percent (25 basis points) to 7.50 percent. Earlier, a similar cut was declared on January 29, 2013. This has adjusted the reverse repo rate to 6.50 percent and the Bank Rate to 8.50 percent. The Cash Reserve Ratio (CRR) has been [...] Continue Reading »
Assotech Group has launched its latest project “Assotech Blith” which offers high end apartments and signature villas. The project is located on Dwarka expressway at Sec-99, Gurgaon and it has great connectivity to the city. Sample apartments are ready for the buyers to come and have a check. The best part of this project is [...] Continue Reading »
Private equity (PE) investments in real estate are showing an uptrend in recent times despite the slump in real estate in India. As per Real Estate Investment Market Report by consultant Cushman and Wakefield, the trend in investments has rose to 7 percent in 2012 resulting in Rs 6,200 crore. Most of the investments were made in ready income generating [...] Continue Reading »
In the period between 2002- 2007, Indian real estate observed notable growth, with a large number of project launches in the same period and the introduction of Real Estate Consultants came into spotlight. When compared to property dealers, the real estate consultants were professionals, educated people and knew the presentation level required for the projects [...] Continue Reading »
Max Group is planning to enter the hospitality sector with a wellness resort brand “Vana”. Vana Retreats and Hotel Pvt Ltd is a venture which is lead by Analjit Singh‘s son Veer Singh. The firm is planning to operate lifestyle properties across India and abroad with an initial project budget of Rs 300 crore. This [...] Continue Reading »
A panel was set up last year under the former Competition Commission of India in order to find out ways to make approval process easier for the real estate projects. The panel has suggested a single-window clearance model for the real estate reports to get clearance easily. In this report the ministry of environment nor [...] Continue Reading »
Keep your property documents ready before survey department officials come to your door steps for registration under Urban Property Ownership Record (UPOR) process. This is the first initiative in India to streamline the ownership registration of urban properties. It is expected to start soon in Bangalore. The move includes issuing of Property Records (PR) cards [...] Continue Reading »
Sahara has caught up in legal battle between Sebi and Supreme Court’s order to refund Rs 19000 crore to the investors. The firm is directed to deposit the amount with Sebi. In order to verify the authenticity of claims of repayment made by the two Sahara companies – Sahara India Real Estate Corporation and Sahara [...] Continue Reading »
Noida housing has got costlier than before. Even the additional rebate on interest of loans up till Rs 25 lakh for first-time homebuyers will not boost up the real estate market in Noida . Although the value of the land still remains high and demand also increasing day by day. So investing will add a [...] Continue Reading »
Real estate in the Indian metros such as Mumbai, Noida, Gurgaon, Ahmedabad, Chennai and Hyderabad is witnessing boom. India’s development in telecommunications and technology sectors has majorly contributed to the nation’s economical growth. Mumbai, India’s most populous city, situated in the eastern coast, has sheltered many industries. It is also a hub for major business [...] Continue Reading »
