Banks haven’t increased the lending rates after the RBI announced the credit policy. Influence of interest rate on property investment is increasingly becoming irrelevant as there are clear signs of economic recovery.
Buying A New House? Ask The Right Questions!
You don’t buy a house every other day. When you do, make sure it’s a hassle-free affair. Essential & vital questions before homing. Does the builder have right approvals? You should ask your developer for a copy of some crucial documents. Have they invested in a mortgaged property? While buying a property, it is important to know who the real owner would be. What is the total cost of the house? Normally, the rates quoted by builder are on the super built-up area. Do I get a tax benefit on the pre-EMIs? Read Full Article
Rs. 22k Crore For Rural Roads In FY ’10-11
Union MOS for rural development, Pradeep Jain, stated in Rajya Sabha that allocation of Rs. 22,000 crore was made during 2010-11 for connecting far flung villages under PMGSY. This included Rs 10,000 crore loan from NABARD. The money was to be used to meet the targets to connect 6,000 habitations by construction of 34,090 km of roads fixed for the year 2010-11. Read Full Article
FM Should Have Encouraged Affordable Housing : NAREDCO President
The marginal reduction in service tax extended to housing construction projects on 25 percent of the cost although sympathetic in spirit shall nevertheless add to the cost of housing by nearly 2.6 percent”. Increase in pricing of steel and cement during recent months creates a big question mark. Rohtas Goel suggests to the Govt. and the Finance Minister in particular to incentivise affordable housing for lower and middle income groups
Stalin Tees Off Plans For A Golf Course Near Chennai’s IT Corridor
Sports city would come up on a public private-partnership model and work would start immediately. Stalin also said that the state-owned sports city would come up near OMR to upgrade social infrastructure around the IT corridor. “The sports city will have scope for various international indoor and outdoor sporting events and also a facility for sports medicine. Read Full Article
Are you unsure about complex legalities involved with property matters? Read through our compilation of answers to the most common legal questions asked in realty. Read Full Article
Home Loan Interest Rate Table
A ready reaconer to calculate the interest payable for your home loan. Depending upon the bank and the interest type you select, Interest rates for various loan amounts are listed. Read Full Article
Pranab Gives Service Tax Relief To House Buyers
Government has provided tax relief to house buyers by increasing the abatement on the value of house property. Read Full Article
The Indian version of Forbes magazine lists the 100 richest Indians. Apart from the usual suspects, what intrigued us was that most of the new entrants in it were from the real estate industry. Full article here.
Indian Property Investment – Some Reasons to Rejoice
For those who are interested in properties in India to buy, Indian property investment have some reasons to rejoice.
Betting on Budget’s infrastructure thrust
With a range of projects in the offing and the Budget expected to give renewed thrust to infrastructure, companies with a focus on
the road construction have started gaining traction on the bourses. Full article here.
Finance Ministry Rules Out Rolling Back of Service Tax on Real Estate Sector
The Finance Ministry on Thursday ruled out rolling back of service tax on real estate developers at the time of construction, a move which the industry says will jack up housing and commercial property prices. Full article here.
Real estate: Concerns priced in?
The real estate sector showed strong revenue growth in the December 2009 quarter with aggregate revenues up 39 per cent over the lows seen in the third quarter of the previous year. Full article here.
Real estate pins hope on IT recovery
Reports suggesting revival of the Information Technology (IT) have started to translate into increased enquries from property seekers and thus offering some respite to a beleaguered real estate sector in and around the city. Full article here.
Union Budget 2010: Developers eye savings, demand boost
The real estate sector received a shot in the arm on Friday after the 2010-11 budget proposed a slew of tax concessions and measures that could boost demand for the sector, sending their shares soaring.
Kolkata leads in home price rise, Bangalore sees crash
Revival in housing prices is sharper in Tier 2 cities of India than in the big metros, though the latter have seen appreciation in the value of their housing stock. While the slowdown knocked the stuffing out of the residential housing market in 2007, after a couple of painful years, prices are beginning to look up in most cities, the exceptions being Bangalore, Hyderabad, Jaipur and Kochi. To see the full article click here.
‘Affordable Housing’, a book on Solution for Housing Laws released
‘Affordable Housing’ research work of Senior Advocate Arun Mohan was launched by Kumari Selja, Minister of Housing & Urban Poverty Alleviation and Tourism, GoI on Saturday. To see the full article click here.
Union Budget 2010: Your dream home hit a building block
There’s one provision in the Budget that may come as a flat shock for aspiring home owners. The FM has introduced a service tax that may raise prices of new apartments by around 3.5%. To see the full article click here.
Price rise: Opposition united, government admits no easy solution
From the front, Leader of Opposition Sushma Swaraj on Thursday tore into the UPA government on price rise and demanded a Joint Parliamentary Committee probe into “scams” that she said had resulted in “galloping prices of essential food items like wheat, rice, pulses and sugar”.
Bangalore realty sector fails to benefit from low-cost housing
Bangalore’s real estate market continues to groan under the burden of unsold property and sluggish demand, even as a revival in property sales in other cities has encouraged developers to launch a slew of projects. To see the full article click here.
MARG ProperTies is proud to invite its Utsav Customers for “Bhoomi Pooja” function at Marg Swarnabhoomi. Bhoomi Pooja which took place this morning in Utsav Site, Marg Swarnabhoomi marks a new beginning in the brief history of Swarnabhoomi and is a testimonial to the renewed faith shown by people in the MARG ProperTies brand. Bhoomi pooja is a ceremony performed to inaugurate a new site for the construction of a home/building. This ceremony is conducted by the ancient Indian science of structures and architectures. By performing this pooja the right energies and natural elements surrounding the site can be propitiated and will bring prosperous wellness to the owners.
MARG Properties launched ‘Utsav’ for the value conscious home seeker. At Utsav, your mood will be elevated to a blissful state, you will celebrate everyday as a special occasion and you will experience unlimited joy and happiness.
On ECR, nestled inside MARG Swarnabhoomi you will find Utsav smart apartments loaded with rich features and amenities, houses in a residential gated community, Utsav promises to be the new defining address for the discerning home seeker. Utsav comes with two bedroom plus and three bedroom apartments. Marg welcomes all our Utsav customers to join us for the bhoomi pooja and make it more meaningful.
Residential property prices may rise by 10 per cent
Residential property prices are likely to rise by up to 10 per cent in the next six months as demand has picked up. The country has seen and upswing in demand for both affordable and the premium housing segments. To read the full article click here.
15 per cent drop in real estate prices
Chennai real estate is now on a downward slide. Market studies have shown that prices of land, apartments and particularly that of IT buildings, have come down by about 15 per cent confirmed by Builders and promoters. To read the full article click here.
Real estate players feel stimulus packages must continue
The real estate sector is at crossroads. On a revival path after it went through tough times owing to economic slowdown in the country, the revival, though, is mainly on account of stimulus packages given by government to the economy. To read the full article click here.
Realty prices may inch up on demand pick-up
Home prices may remain firm or inch up slightly in metros such as Delhi and Mumbai and their suburbs despite an expected rise in interest rates as demand picks up once again on the back of renewed activity on the employment front, says the bankers and realty players. To read the full article click here.
End the waiting, real estate developers tell consumers
The global economic slowdown began to make itself felt in the Indian housing market, prices and off take have both fallen by at least 35 per cent. To read the full article click here.
Realty cos eye infrastructure push, easier taxes
India’s realty firms, recovering from a slump that saw prices drop 25-30 percent, hope tax sops are extended to boost construction of affordable homes, but eye more benefits from an anticipated push to infrastructure and easier income tax regime, players and analysts said. To read the full article click here.