It is heard that two bids totalling $ 1bn have been received by real estate giants Hiranandani for its property in Powai. As per sources, the bids have been received from an Indian PE Firm and Canadian Firm. Hiranandani is, apparently planning to sell commercial property measuring 4.5 million sq. ft in Mumbai’s suburbs. The […]
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April 3, 2016 10:00 am
Bangaluru will now see property details online!
There are nearly 15 lakh properties under the Bruhat Bangaluru Mahanagara Palike (BBMP) limits, the details of which will be uploaded ward-wise on the BBMP website very soon. M Shivaraju, BBMP Taxation and Finance Committee Chairperson confirmed that after the revision of property tax with effect from April 1, 2016 all details of properties will […]
April 2, 2016 6:30 pm
Indian residential segment to attract over Rs. 6,000 cr PE investments, say experts
Private Equity (PE) investments in Indian real estate sector have already raised $420 million in the first two months of 2016, as compared to $520 million for the whole of last year. Given its attractive rate of returns averaging at a high of 20-22% per annum, industry experts believe that Residential property in India is […]
April 1, 2016 6:00 pm
MCLR method to replace Base Rate for all retail loans from April 1 , 2016
From April 1st onwards, the lending rate calculation will change for home, auto or any other floating rate retail loan. The lending rate will now be linked to the Marginal Cost of Funds based Lending Rate (MCLR) instead of the Base Rate. Existing borrowers have the option of continuing with Base Rate or switch to […]
April 1, 2016 10:00 am
PM Awas Yojana gets MHADA attention
Shifting its focus to the Pradhan Mantri Awas Yojana (PMAY) to construct homes in semi-urban cities of the state, the MHADA in its financial budget tabled on March 28, has proposed to yearmark Rs 2,500 crore for the financial year 2016-17. till now, MHADA under the lottery system, has constructed houses in major cities However, […]
March 31, 2016 10:00 am
Maha Gov gives Tenants the right to reconstruct if redevelopment delays
In a recent session of the Maharashtra Legislative Assembly, Chief Minister Devendra Phadnavis expressed the need to introduce a law in the state where Residents will be able to exercise their ‘right to reconstruct’ the building if the developer delays construction. “The state government will ensure that residents living in decaying buildings are not left […]
March 28, 2016 10:30 am
How to use Loan against property to one’s advantage
Purchasing a house is an indicator of our financial stability. Experts believe that the pursuit of buying a house ends up restricting the buyer’s financial ability. However, very few experts tell that the house can be utilized in a wise manner. This blog posts try to shed light on how you can use your house […]
March 25, 2016 6:00 pm
For borrowers, interest matters
In the traditional Indian society, a ‘loan’ was considered to be a forbidden fruit. From times when ‘udhaari’ was a strict no-no, to the time when we have loans for everything, things have changed really. Now-a-days, loans are available for holidays to weddings and from homes to cars. And if this was not enough, the […]
March 25, 2016 10:30 am
First dream home? You have something to cheer about!
If you have been vying on that dream home for a long time but were waiting for the right time, it has arrived! In the 2016 Union budget, the Finance Minister has proposed an introduction of additional deduction on interest for home loans up to Rs 35 lakh, with a rider that the value of […]
March 23, 2016 10:30 am
5 tips to get a good home loan
You might be dreading the task of taking a loan if you are planning to buy a house for the first time. Worry not! There are a large number of people like you who are also planning to take a home loan; therefore we will give some pointers that can help you buy your […]