The state revenue minister, Eknath Khadse made an announcement in the state assembly that the Ready Reckoner (RR) rates have been increased to 7% with Effect from April 1, 2016. In rural areas the rates have been hiked by 8%, 7% in influential areas, 7% in municipal council and nagar panchayat limits and 5% in […]
Property News Archive
April 6, 2016 10:00 am
New lending rate calculation makes home loan cheaper
From April 1st onwards, home loans are going to be cheaper. As part of the new rules announced by RBI, banks across the country will have to calculate their lending rate as per the marginal cost of funds. The country’s biggest lender State Bank of India has revised its home loan rate to 9.4%. This […]
April 5, 2016 6:00 pm
Pune International Airport – realty boom in the offing
It is a well-established fact that an airport spurts the demand for real estate for the areas in the vicinity. Airports have always contributed to any city’s real estate and economic development by enhancing business activity & thereby boosting employment & purchasing power subsequently increasing the appetite for home ownership. The requirement of rental accommodation […]
April 5, 2016 10:00 am
Gudi Padwa- the time to buy your new home
The festival of Gudi Padwa typifying all new auspicious beginnings is earmarked by builders for launch of their respective projects. Particularly, this year the timing of the festival is well placed for project launches. Talking about the buoyant feeling about increasing end user demand in the market, Ravi Ahuja, Executive Director, Development Services, India, Cushman […]
April 4, 2016 11:30 am
Two bids worth $ 1bn for property in Powai received by Hiranandani
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 […]
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 […]