If you say that one would be able to buy a property with mere 2 Lakhs a couple of years back or say even months back, no one would be able to believe. This money is enough for a stock broker to submerge a person in tips of investment or a bank to probably lay […]
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August 27, 2014 12:44 am
SBI, reduced its home loan rates …
India’s largest public bank, State Bank of India on Tuesday revised interest rates on home loans. Now SBI will offer uniform interest rate on home loans from effective August 26. SBI has cut interest rate by 5-15 bps on home loans. For the home loans up to Rs 75 lakh, the interest rate will be […]
August 26, 2014 1:39 am
Metro a boon for real estate market
With the growing demand of real estate, there are many areas around Mumbai which have been coming into the limelight. According to the data and surveys conducted by one of the leading real estate portal, capital and rental values in Ghatkopar West have increased nearly 50% in the past 2 to 3 years. And seems […]
August 25, 2014 3:50 am
Housing Paradox in Mumbai
Real estate market of Mumbai is reeling under a peculiar situation, where supply is more and demand is less i.e. oversupply in housing segments. In Mumbai, there is overflow of premium residential and commercial projects and buyer is confused in making a selection. Affordable housing is in demand, but it’s facing the shortage in market. […]
August 23, 2014 2:04 am
CREDAI urges government to abolish the levy of VAT
The Confederation of Real Estate Developers of India (CREDAI) has urged to abolish the levy of Value Added Tax (VAT) on property transactions. CREDAI’s request comes in wake of a Supreme Court order in September last year making it mandatory for payment of VAT on property purchases in the State made from 2006 to 2010. […]
August 22, 2014 2:16 am
Office property market set to strengthen till year end
The office property market is expected to continue to strengthen for the remainder of 2014. The restoration of business confidence is expected to gain steam, on the back of the positive business outlook. Adequate supply in the pipeline in all the markets will ensure steady rentals across the cities in the medium term, while vacancy […]
August 21, 2014 4:08 am
1 percent LBT on property abolished
A government notification issued by Inspector General of Registration on LBT has ended all confusions over payment of one per cent Local Body Tax (LBT) by property buyers as stamp duty. The State government had increased stamp duty from April 1, 2013. As per the notification, property buyers, whose sale agreements are registered before April […]
August 21, 2014 3:41 am
Mumbai continues to a hot property market
Mumbai remains the top favourite of property buyers, reveals a recent survey. The survey, conducted by a private portal included a 2,583 strong sample of 40 percent respondents in the 25-35 age group and the rest above the age of 46 year. One-third of the respondents felt that the time is right to make a […]
August 20, 2014 12:13 am
RBI decision to keep interest rates unchanged disappoints the real estate fraternity
The decision of the Reserve Bank of India (RBI) to keep has disappointed the real estate fraternity that has already been reeling under a slowdown. RBI Governor Raghuram Rajan has key policy rates on hold in his second bi-monthly monetary policy review, the first under the Modi regime. According to Shrikant Paranjape, Chairman, Paranjape Developers, […]
August 19, 2014 12:21 am
Flat for Rs 100 crore! Buyers by invitation only!!
Have you ever imagined that a house will ever cost you an astounding Rs 100 crore? But this is the case with the concept of sky bungalow gaining a momentum across the metropolis. For example, an 18,000-sq.ft, sky bungalow at Worli here is yours for just Rs. 100 crore. Advertised by the builders as castles […]