News & Facts

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
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
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
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
Complaints have started pouring in from different directions with regards to the construction quality of builders in Noida and Greater Noida. The home buyers are very seriously concerned about their safety and demand that an audit be conducted on the under-construction properties in these regions. The concerned authorities have requests inundating their offices regularly. Indrish Gupta, co-founder, Nefowa, said, "Now that the concerns of people are increasing day by day, the authorities must st... Read More
According to a senior official of the Central Reserve Police Force, four flats have been allotted to the families of those served which include 3 jawans killed in the Naxal attack. Vivek Oberoi, the bollywood actor has donated 25 flats to those sacrificed their lives while on duty, fighting the Naxals. These flats are located in the residential project owned by the actor in Thane, Maharashtra. A senior reserve police officer said that while four flats have been allotted to the slain jawans whi... 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
The rules under the RERA are set to protect the rights of buyers in both the residential and commercial segments. From this day forth, the Real Estate Regulations Act will be in force to safeguard the rights of buyers and to boost the investors’ confidence across the country. It will also aim at ensuring timely execution of the projects by the developers. The new RERA rule will be applicable both for the commercial and residential sectors. On top of this, it has become mandatory for all t... Read More
Shares of real estate firm Indiabulls Real Estate gained over 100 percent and made a high of Rs163.20. This level was last made on November 12, 2010. In a particular day trade it gained as much as 11%. The jumps in share prices are majorly due to the approval received from board of management to restructure their commercial and leasing operations as a separate entity. A high of 163.20 was made on 24th April 2017 with an intra-day surge of 11% to match the level of record high made on 12th Novem... Read More
The economically weaker section is getting benefited by the scheme introduced by the government whereby, Rs.1.5 lakh in subsidy would be granted to buy house. So far, such facilities have been granted only in cases where properties were developed on lands provided by the State government or municipal bodies. This announcement came in the aftermath of a bunch of private developers launching affordable housing projects. The Union Housing Minister M. Venkaiah Naidu is very keen on seeing this sche... Read More
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