When one considers the resale value of the house, most people who are looking for an independent house prefer to buy a plot and construct their own house as opposed to buying a built house. Buying a plot in any part of India can be challenging unless you have sound financial backing for initial investment. Banks do offer a loan for the purchase of a … Continue reading Home Vs Plot: Which is a better investment avenue?
Bengaluru: With low-income homes not fetching enough margins and luxury homes not finding enough takers, builders have found a sweet spot in middle-income housing projects, where buyers are willing to put up Rs25-50 lakh for a home of their own. Among developers who have launched mid-income housing projects recently are Shapoorji Pallonji Real Estate, Hiranandani Group and Puravankara Projects Ltd. “More and more builders are … Continue reading Real estate firms target middle-income buyers
The Centre’s recent move to increase the carpet area for residences eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) has come as a boon for the affordable housing sector in Karnataka. This will apply to the Middle Income Group (MIG) under the Pradhan Mantri Awas Yojana (urban) that aims to provide houses to all by 2022. Under the MIG-I category, the carpet … Continue reading Change in carpet area rule may spur housing demand in Karnataka
In its bid to boost its business from the real estate segment, Piramal Capital on Thursday said it has committed to invest more than Rs 5,000 crore in in Hyderabad’s real estate sector over the next two years. “We have always believed in the growth potential of Hyderabad. We, therefore, made a conscious decision to act as first movers in the market and started deploying … Continue reading Piramal Capital to pump in Rs 5,000 crore in Hyderabad’s real estate
From the past few quarters, the real estate markets in India have been going through a phase of massive change. How do you time your entry in any investment channel — whether it is equities or real estate? Is it the juncture when the markets are booming and everyone is joining the fray? Does that make for a sound investment decision? Probably, not! Most retail … Continue reading Will 2018 be a good time to invest in real estate?
The real estate developers in the country are expecting the market to move up in the first quarter of the next financial year after the current issues like GST are resolved. “We expect the real estate market to stabilise in the last quarter of this fiscal and grow in the beginning of next year” Getamber Anand, national chairman of Confederation of Real Estate Developers’ Association … Continue reading Real estate developers expect rebound in first quarter of 2018-19
Homebuyers are increasingly showing a preference for buying ready-to-move-in apartments against under-construction homes as builder delays and defaults increase. The trend indicates that consumers are more interested in certainty related to such ready apartments than saving money by booking an under-construction apartment that offers deferred payment facility. Buyers are willing to shell out more for ready-to-move-in apartments rather than risk investing in under-construction projects. Builders … Continue reading Ready flats are top picks as builder delays rise
Residential property market is Bangalore is been impacted due to implementation of real estate regulatory act. However the city is inching towards recovery. As per Colliers International’s research, the performance of Bengaluru’s residential market post RERA, in H1 2017, the city ranked second in total residential launches in India with about 13,400 new unit launches. The market faced a notable drop of 23% compared to … Continue reading Home launches in Bangalore decline due to RERA
Property purchase is one of the biggest financial decisions of a person. How GST, or goods and services tax, will impact the real estate sector? Will property prices come down? This would be the top of the mind of many prospective buyers. As the country switches to GST from July 1, the new indirect tax regime will subsume nearly a dozen of central and state … Continue reading GST Impact On Real Estate: Will Property Prices Come Down?
The Real Estate (Regulation & Development) Act, 2016, the landmark realty law to protect home buyers from unscrupulous developers, will become operational from Monday, nine years after it was conceived. The act was cleared by Parliament in March last year. Under the act, states had to notify the realty rules and set up Real Estate Regulatory Authority (RERA) by April 30. Without notifying the rules, … Continue reading All you need to know about the RERA Act