Usually, there is a lot of insecurity among home buyers till a bank approves their loan. A pre-approved loan is a product offered by banks to give some respite to such anxieties. Simply put, a pre-approved loan is an instrument that banks use to lure customers to avail a loan without much hassle. In a […]
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June 30, 2016 9:24 am
Brexit – real estate in Blighty might be cheaper now
Following the historic divorce between the United Kingdom and the European Union after 43 years, there might be a teeny weeny silver lining for the growing number of ambitious Indians looking to travel to England or purchase real estate there, probably even in London! Since the lead up to the referendum on whether the UK […]
June 29, 2016 11:21 am
Now, verify the validity of a property with an SMS instantly in Pune !
Up till now, citizens had to visit the sub-registrar’s office (SRO) to ascertain the validity of a property document. But now, the facility which has been introduced by the State Inspector -General of Registration, will allow people to check whether a document has been registered with the sub-registrar’s office or not by just sending an […]
June 25, 2016 12:00 pm
Flipkart’s CEO buys property worth Rs. 32 crore
After his co-founder friend Sachin Bansal who is presently Executive Chairman of Flipkart bought a small property in Koramangala in Bangaluru a few years ago, binny Bansal has also reportedly purchased a plush bungalow in the same area for a monstrous Rs. 32 crore. Binny acquired the 10,000-sq-ft property a few weeks ago from […]
June 24, 2016 1:08 pm
MHADA housing lottery is here! Registrations begin 23rd June
Mumbai Housing and Area Development Authority, MHADA is known for providing affordable homes to families belonging to all income groups. The body runs various schemes under which flats are constructed and sold at reasonable prices through the medium of lottery. Once again, applications for the purchase of 972 tenaments have been invited by MHADA. The […]
June 24, 2016 7:02 am
Mumbaikars, be ready to shell out extra 20% on property tax
In order to bring uniformity in the property taxes levied in the suburbs and in south Mumbai, The Brihan Mumbai Municipal Corporation had introduced a new tax system from rateable to capital value in 2010 based on the built-up area, but was strongly opposed by all sections of the society, especially the residents of south […]
June 18, 2016 7:02 am
After the Chinese, Japanese now vying Indian realty via private equity
Subsequent to Centre’s nod to 100 per cent foreign direct investment (FDI) in the real estate industry, it was only a matter of time before foreign developers made big investment announcements. According to a report by realty research & consultancy firm JLL India, developers and private equity investors from the Land of the Rising Sun […]
June 15, 2016 6:57 am
Reliance plans to monetize real estate up to 6000 cr.
After Mukesh Ambani moved his group to an open space in Ghansoli, Navi Mumbai last year, younger brother Anil Ambani too has plans of real estate monetizetion. Reliance Group’s ADAG also followed suit by moving its headquarters from Ballard Estate to Santacruz. Last month, Anil Ambani and some top executives of its cluster companies […]
October 12, 2015 10:30 am
Will this Diwali bring cheer to real estate?
Almost every industry in the domestic circuit rakes in the moolah during the Diwali time because the sales go up. Every company looks forward to this festival in the country. Real estate however, has been an exception to this trend. “A research on the demand for residential real estate during the past five years shows […]
October 10, 2015 6:00 pm
Festive cheer may overlook the realty sector
Despite real estate developers trying all kinds of marketing gimmicks like funding schemes with upfront payment as low as 5 percent of home price, interest waiver for 2-3 years and freebies, sale velocity has not picked up. The residential property market has been deserted- by investors due to slow moving market with stagnant or dipping […]