Realty sales
2011 is now known as the year of high home loan rates. Never before the loan borrowers had faced such a rapid hike. Simultaneously, year 2011 will be known for aggressive property buying in peripheral and suburban areas of cities across the country. The high interest rates ended up the developers to sell the properties [...] Continue Reading »
The sharp rise in home loan interest rates and the inflationary pressures prevailed throughout the year 2011. Real estate experts say that they are surprised to witness good growth in the realty market. It is a fact that the realty sales in the first quarter of the year dropped down completely. However, in a slow [...] Continue Reading »
Property buyers beware of the residential projects which avail discounts while buying a property. According to the recent survey of Jones Lang LaSalle India (JLL), the developers who have started luxury residential projects will soon be facing problems in delivering the projects. Due to hike in interest rates and high property prices there is a [...] Continue Reading »
New Delhi has plans of expanding realty sales along with boosting viability of road and highway projects. To balance realty fiscal stress, the government has introduced new scheme of ultra mega road projects (UMRPs). The realty firms who accept these orders will be availed to develop real estate projects alongside the stretches. Rs 20,000 crore [...] Continue Reading »
Land acquisition was a major headache throughout the year in Noida and therefore maximum of the building constructions were stopped. Now things are in place there is huge number of upcoming projects and the floor area rates have raised by Rs.500 to 600 per square feet. The Amrapali Group, a realty firm has planned to [...] Continue Reading »
Mangalore claims a tremendous growth in residential realty segment during 2011. Midst increase of bank interest rates, cost of raw materials and inflation, the realty is sky high in Mangalore. The increase has also hit the realty sales, however the confidence in the developers, builders and the property buyers has resulted in growth remained stagnant [...] Continue Reading »
In Pune, a residential bungalow which is a part of villa development project was sold for Rs 1.61 crore. This bungalow is spread across an area of 3,300 square feet with a four-bedroom unit. Pune today has a capital value of about Rs 5,000 per square foot. Holiday homes which is spread across in the [...] Continue Reading »
Finally, Reserve Bank of India (RBI) has kept the interest rates unchanged! This is the first time midst this year RBI has paused the hike. During this year RBI has hiked the interest rate nearly 13 times within a span of 21 months. Also central bank has shown clear signs of interest rates dropping down [...] Continue Reading »
The sale of apartments and commercial space in Thane city showed a major drop over this year. The shooting realty prices and the rising mortgage rates are considered as base factors for severe plunge in realty sales. Even though the rental deals have seen growth to some extent, the housing units sold or resold has [...] Continue Reading »
Chennai will be soon welcoming the new market-based guideline values for property registrations. Now that the realty sales are doing good in Chennai city, the scenarios are sure to change once the new guidelines come into effect. Therefore, the builders as well as the property buyers in the city are into mad rush wherein, one [...] Continue Reading »
