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 […]
Featured Archive
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 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 18, 2014 6:44 am
Government to ensure affordable houses for middle class
Here comes a shot in the arm of housing sector with none other than Maharashtra Chief Minister Prithviraj Chavan stating that the state government will ensure that middle income group people are able to afford their own houses. Speaking after unfurling the tricolour at the Mantralaya here to mark the 68th Independence Day, the Chief […]
August 14, 2014 7:40 am
Few tips to prepare a home for sale
Real estate market is blooming and has the best prospect now and may be in future as well. People have always been looking out for their dream home. As monsoon time is about to over, so this will be the high time for real estate market in Mumbai. There are so many properties and houses […]
August 11, 2014 12:56 am
Sahara Chief Subrata Roy tries to sell the New York Plaza from Tihar Jail
One of the biggest known companies of India, Subrata Roy was sentenced to Tihar Jail in the month of March 2014 as he was unable to persuade the judges that he was willing to return the money amounting to around 20,000 crores, back to the investors who were cheated in the bond scheme launched by […]
August 9, 2014 2:06 am
Real estate players raising capital through NCD
Real estate players are now resorting to the issue of non-convertible debentures (NCD) to raise the capital. Recently, Intime Properties, a part of the K Raheja Corp group raised Rs 340 crore through the issue of non-convertible debentures with a fixed rate of 9.95 per cent. According to a statement issued by the real estate […]