There is enough scope for housing prices to come down from the current highs because there is a huge pile-up of inventory, Reserve Bank of India Deputy Governor SS Mundra said on Wednesday. Of the total housing shortage of 18.78 million in urban India, the shortage in the economically weaker sections and lower income group […]
Thane Archive
October 30, 2014 1:18 am
New government committed to affordable housing dream: Fadnavis
The first BJP government of Maharashtra is committed to providing roof over every head and accelerating housing industry in Maharashtra to realize the vision of housing for all by 2020, said Maharashtra CM-designate Devendra Fadnavis. Q: What steps should government take to convert the vision of housing for all by 2020 to reality and to […]
October 30, 2014 12:30 am
RBI tells banks to bring innovation into home loans
The Reserve Bank of India (RBI) has called upon banks to bring in more financial innovation into home loan products by linking such loans to deposits. According to R Gandhi, Deputy Governor, RBI, “Savings can be induced to generate savings balance by way of monthly or periodic deposits. This will serve as a track record […]
October 29, 2014 12:45 am
Mumbai to witness greater demand for dwelling units by 2018
Demand for housing in Mumbai is going to outstrip supply in next four years. The commercial capital of the country is going to witness an extra demand of around 231,000 housing units across all segments by 2018-end while the supply is likely to be around 203,000 units. Of the total demand, majority (46%) is likely […]
October 28, 2014 6:57 am
Investors say cheers to infrastructure development
Real estate market along the stretch from Thane to the Central Business District of Belapur is on the boil. Price appreciation is the order of the day and hence those who had prudence to invest in the nick of time have every reason to cheer. Development of physical infrastructure in Ghodbunder Road, Kolshet Road, Airoli, […]
October 27, 2014 12:57 am
India needs to build 30K units daily for 8 years to meet housing needs: KPMG report
India will require to build at least 30000 to 35000 dwelling units daily for 8 years to meet the housing needs of the country, says the National Real Estate Development Council (NAREDCO) report. A majority of these houses need to be in the affordable segment requiring investment of more than US$2 trillion since a fifth […]
October 25, 2014 4:25 am
Which is better buying or renting a property?
Do you want to buy it because you want to live in it with your family or do you look for an extra income that the house will bring in the form of rent? Or, are you simply buying it for long-term value leverage? When should you buy a property? Often we are confused about […]
October 24, 2014 12:30 am
IDFC Alternatives’ Big Fund for real estate
A big raise of Rs. 750 crore for real estate sector by IDFC Alternatives Ltd, a private equity fund managed by India’s IDFC is raising eyebrows! As per IDFC, this is their maiden real estate funding focused on residential sector in India. This fund called IDFC Real Estate Yield Fund is an indication of a […]
October 23, 2014 12:16 am
Education and its impact on Navi Mumbai realty market
Of all the factors that have contributed immensely to the growth of Navi Mumbai, access to schools and colleges has been an important criterion. For that reason, property prices also tend to be higher in locations like Vashi, Sanpada, Nerul which are close to established educational institutions. The Oxford of the Eastern suburbs is the […]
October 22, 2014 12:30 am
Why eastern Mumbai suburbs have burgeoning real estate potential?
Eastern Mumbai suburbs are among of the fastest growing residential centres in Mumbai metropolitan region. This area is advantageously located in proximity to other industrial sub-markets such as Bhiwandi, Badlapur, and Dombivli-Kalyan. Situated in Mumbai Metropolitan Region, these eastern suburbs have attracted a lot of heavy investments from established builders and developers. The Mumbai Metropolitan […]