News & Facts

According to property consultancy Liases Foras Real Estate Rating & Research Pvt. highest level of sales in seven years has been witnessed by Indian Residential Property market in second quarter of 2017. All the tier-1 cities have contributed to this recovery of housing market. The home sales of major eight cities in India went upto 6% according to the submitted report. Due to the options available the affordable housing sector has seen a big recovery. Major sales have happened in home... Read More
Bengaluru:  RMZ Corp has chalked out plans to extend its office portfolio as a part of its expansion program across the country. From 20 million sq ft, the firm has decided to increase its portfolio to 30 million sq ft very soon. Thirumal Govindraj, managing director-management at RMZ Corp said, "We are in the process of refurbishing the assets. The idea is to bring developed assets under the portfolio and then do REIT listing and have a strong portfolio of 40 million sq ft over ... Read More
The sizes of plots are huge recovered by the government of Karnataka, ranging from 4000 sq mts to 32 acres approximately. Bengaluru: The Karnataka Industrial Areas Development Board has taken serious actions against investors that have bought industrial plots and not put them to any use. These plots range between 4000 sq mts and 32 acres. notices have been issued to 400 such investors by the concerned authority. Among the investments made there are 15 mega projects one of which is a ... Read More
New Delhi: The new scheme of Delhi Development Authority’s has planned to roll out 12,000 flats very soon. The DDA has completed the formalities and the proposal has been sent to the Lt Governor for approval. Out of the total number of flats, most of them are in Rohini, Dwarka, Narela, Vasant Kunj and Jasola. Among the flats lying unoccupied, most of them are from 3 years before and the rest are from the current year. The registration for LIG – Lower income group, would be close to R... Read More
MUMBAI/BENGALURU: As a result of demonetization and Real Estate Regulations Act, the realty business has taken a new turn. The number of end-users has increased considerably to match the investors’ number in the recent past. The second quarter of 2017 has actually faced a bit of challenge due to reduced pre- launches and launches, due to the stringent rules of RERA. However, in the long run, there is a big likelihood of this business seeing a lot of improvement. As against June 17, when t... Read More
KOCHI: BSNL has come up with a wonderful ideal of leasing out its vacant staff quarters and other buildings to cater to the urban housing needs. The company has decided to lease out more than one hundred apartments. Kochi being the commercial hub of the state has 45 1BHK apartments, six 2BHK and two 4 BHK apartments. A BSNL official said, "As the demand for residential plots is picking up these days, in the cities, our decision to lease out vacant flats will undoubtedly be a welcome move. The g... Read More
NEW DELHI: According to reports from KPMG and Magicbricks, the prices of properties in India have more than doubled. However, there is a strong potential for growth in the residential segment except in cities such as Mumbai and Delhi. In the last 3 years, the property prices have actually not increased due to several factors, especially due to inordinate delays in meeting with the timeline. Yet, the market is set to revive in the next quarter or so.According to official reports, India will beco... Read More
People have already started contemplating GST in different manners. The theories are many on this subject but everyone is waiting to hear how it will impact business. Realty sector is one business where people are seriously waiting to see the impact of GST on. Also there are speculations about price increase on commodities. The long awaited Goods and Service Tax was introduced by our President Pranab Mukherjee and Prime Minister Narendra Modi, on the Ist of July. The main idea of this is to bri... Read More
The Haryana government has recently announced a reduction in the circle rates of properties. This can actually impact the property market in the state and fluctuation in the property market conditions. Over the past one year, there have been many changes happening such as the demonetisation, introduction of Real Estate Regulations Act, replacement of service tax with GST and the Benami Transactions Act which made the real estate business to experience many twists and turns. The property rates i... Read More
The credit-linked subsidy of Pradhan Mantri Awas scheme is offering eligible borrowers of SBI home loan an interest subsidy up to Rs. 2.67 lakh. SBI is offering a home loan at the rate of 8.35% under the Pradhan Mantri Awas scheme, for up to Rs 30 lakh. All eligible borrowers can avail an interest subsidy for up to Rs. 2.67 lakh from SBI which has curtailed its interest rates in line with the Pradhan Mantri’s scheme. The primary aim of this scheme is to reduce interest rates for the middl... Read More
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