Realty Bill may open new doors to transparent, secure home buying
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Tue, 6/12/11 – 15:41 | No Comment

For many, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a draft Real Estate Regulation Bill, which is said to be on …

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Articles Archive for March 2010

CREDAI May Go to Court if Service Tax on Land is not Removed
Wednesday, 31 Mar, 2010 – 9:23 | No Comment
CREDAI May Go to Court if Service Tax on Land is not Removed

The Confederation of Real Estate Developers’ Associations of India (Credai) today said it would consider taking the government to court if its demand for excluding land cost from the proposed service tax on housing complexes …

Real estate back at pre crisis level
Tuesday, 30 Mar, 2010 – 22:00 | No Comment
Real estate back at pre crisis level

Reserve Bank Governor D Subbarao, governor, RBI, says that India needs to exit accommodative policy before other countries.

Only 25% Delhi Property Owners Pay Property Tax
Tuesday, 30 Mar, 2010 – 20:00 | No Comment
Only 25% Delhi Property Owners Pay Property Tax

Only 25 percent of the properties in the national capital are paying property tax, the Municipal Corporation of Delhi (MCD) told the Central Information Commission (CIC), which has termed the revelation ’startling’. The revelation was …

Positive Change in Commercial Office Space Sector
Tuesday, 30 Mar, 2010 – 16:21 | No Comment
Positive Change in Commercial Office Space Sector

The demand-starved commercial office space market is slowly seeing positive signs, with several large and mid-sized US corporates firming up their plans to outsource their work to India for the first time. Major cities like …

12-15% Rise Expected in Prime Property Prices in India
Monday, 29 Mar, 2010 – 9:06 | No Comment
12-15% Rise Expected in Prime Property Prices in India

Giving a clear message to the potential real estate buyers on the need to act fast, a research done by leading global property consultancy firm, Knight Frank along with Citi Bank, has forecast that the …

SBI to Continue its 8% Home Loan Scheme Even After 31st March 2010
Sunday, 28 Mar, 2010 – 19:06 | No Comment
SBI to Continue its 8% Home Loan Scheme Even After 31st March 2010

Season for teaser loans does not seem to have vanished at least for SBI. The bank is expected to continue with its 8% happy loan scheme even after 31st March 2010 till July. A formal …

Hike in Rentals Expected in Commercial Properties
Sunday, 28 Mar, 2010 – 16:17 | No Comment
Hike in Rentals Expected in Commercial Properties

If you are planning to go for a new commercial property in the city, then in all likelihood it will cost you more than earlier. According to realty experts in the city, with the rise …

Home Loan Interest rates May Rise Soon in India
Saturday, 27 Mar, 2010 – 11:47 | No Comment
Home Loan Interest rates May Rise Soon in India

The honeymoon for home and auto buyers is over. With the Reserve Bank of India (RBI) raising repo and reverse repo rates by 25 basis points last week, most expect that interest rates will now …

Demand for Residential Real Estate to Increase in India – Jones Lang LaSalle‎
Saturday, 27 Mar, 2010 – 1:52 | No Comment
Demand for Residential Real Estate to Increase in India – Jones Lang LaSalle‎

The Indian realty story is back on the growth path and has weathered the downturn. That’s the view of global real estate services firm Jones Lang LaSalle. “Growing upper middle class pushing residential spaces and …

Dip in Real Estate Stocks after RBI Hiked Key Interest Rates
Thursday, 25 Mar, 2010 – 21:27 | No Comment
Dip in Real Estate Stocks after RBI Hiked Key Interest Rates

Stocks of realty firms slipped as much as 4 per cent on the Bombay Stock Exchange (BSE) after the Reserve Bank hiked key interest rates to tame inflationary concerns, a move that could make home …