Housing sales are likely to be hit, especially in affordable and mid-income categories, following the RBI's decision to hike repo rate, according to real estate developers and consultants. However, the impact of RBI's decision to raise the benchmark lending rate by 50 basis points to 5.40 per cent is expected to be for a short term, they added. This is the third consecutive rate hike after a 40 basis points and 50 basis points increase in May and June, respectively.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries
Unless you are very knowledgeable, seek expert advice before making such a high-ticket investment, cautions Sarbajeet K Sen.
The home loan top-up, a kind of secured multipurpose personal loan, is on the regulator's radar, points out Tamal Bandyopadhyay.
A house constructed under the Pradhan Mantri Awas Yojana (PMAY) on government land was demolished in Khargone city of Madhya Pradesh following violence on Ram Navami.
The police and administration officials were present in large numbers as the demolition progressed.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
On September 29, 2008, a bomb explosion at 9:35pm opposite Shakil Goods Transport Company situated between Anjuman Chowk and Bhiku Chowk in Malegaon killed six persons and injured 101.
'When you watch Freedom At Midnight, I want you to feel like you are sitting on a ticking time bomb.'
The plot went awry and the parents survived. However, Karthik Bakale and the family's close relatives were hacked to death in the early hours of April 19.
Soon after the gunshots were heard at Trump International Golf Club in West Palm Beach, Florida, where Trump was golfing, the FBI said that it is "investigating what appears to be an attempted assassination of former President Trump".
rediffGURU Kanchan Rai urges you to talk about your problems so you can seek solutions and also transform your life.
A sojourn in Seoul, one of Asia's largest metropolises, where the ultra-modern coexists with the ancient -- temples and palaces with futuristic skyscrapers climbing to the stratosphere, K-pop with Buddhism, a village within city limits.
The Karnataka High Court has rejected a petition by Vijay Mallya-led Kingfisher Airlines Limited challenging the move by a consortium of banks to take possession of its "Kingfisher House" property in Mumbai to realise part of the debts due to them from the airlines.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The Enforcement Directorate (ED) has attached 8.86 acres of land in Ranchi allegedly owned by former Jharkhand chief minister Hemant Soren as part of a money laundering investigation against him and his associates, the federal agency said on Thursday.
The Jamiat Ulama-i-Hind has moved the Supreme Court seeking a direction to the Centre and some states, including Madhya Pradesh and Uttar Pradesh, that "precipitative actions" like razing buildings in criminal proceedings be not taken.
The multi-crore Dharavi slum redevelopment project involves no land transfer to the Adani group but to the Maharashtra government's departments, and the Ahmedabad-based conglomerate, as a project developer, will build houses that will be handed over to the same departments for allotment to residents of Asia's biggest slums, sources said. Denying allegations of land grab made by MP Varsha Gaikwad, sources close to the project said land parcels are to be transferred only to Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) of the state government's housing department.
Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
The Centre has issued a fifth draft notification to declare over 56,800 square kilometres of the Western Ghats across six states, including 13 villages in Kerala's landslide-hit Wayanad, Ecologically Sensitive Area (ESA), inviting suggestions and objections within 60 days.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
US Vice President Kamala Harris remembered her maternal grandfather PV Gopalan, an Indian Foreign Service official, during her tour to Zambia and paid a visit to the Gopalan's family house in Lusaka.
The high court was hearing a plea moved by Swamy seeking to lead evidence before the trial court in the National Herald case, in which the Gandhis and others are accused.
CLSA has downgraded select real estate stocks and expects most counters from this sector to consolidate in the months ahead after the sharp run seen in them in the last few months. Most positive factors in terms of a pick-up in housing demand and office space absorption, it said, are already priced in. "We expect housing industry demand to grow around 12 per cent in 2024 and for large developers to outpace industry to grow at 15 - 20 per cent.
rediffGURU Samkit Maniar answers readers' personal income tax queries
The "venom" that the Congress leader has been spewing against the prime minister in his "political frustration" has now turned into an insult to the country, Irani alleged.
Just six feet wide and covering 1,034 square feet, the five-story property was once a hat shop.
The notice requested Rashid or a representative of his to appear before the district expenditure monitoring committee within two days to address the discrepancy and ensure timely submission of the expenditure report to the Election Commission of India.
While tenants can't escape the impact of rising rentals entirely, they can adopt a few strategies to reduce the impact.
The duo is being probed for their alleged role in tampering with the blood sample of the minor following the car accident on May 19 in Maharashtra's Pune city, which claimed the lives of two IT professionals.
Hours after another failed attempt on his life, former United States president Donald Trump on Monday said he will never surrender and never stop fighting for Americans.
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
Leading property developers, such as Oberoi Realty, Tata Realty and Infrastructure, and Hiranandani, have turned to redevelopment of existing buildings in the expensive parts of Mumbai as a way of augmenting revenue. Experts estimate that Mumbai's redevelopment projects could be worth Rs 30,000 crore. As such, they are not new. What is new is that the big developers are interested in them. Leading the race is Oberoi Realty, which has set up a separate team for these projects.
However, the affected family has rejected the offer as of now citing security concern and the administration said no formal order has been issued with regards to their relocation.
'There has been a change in the advances mix, with the share of corporate loans decreasing.'
A 19-year-old Indian-origin teen accused of deliberately crashing a rented U-Haul truck into a White House barrier told authorities that he wanted to get inside the mansion to "seize power" and "kill" US President Joe Biden, according to media reports.
Failure to disclose any income can lead to penalties and legal issues.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
SVAMITVA is a new government project that primarily aims to demarcate abadi areas that includes inhabitant land, inhabited areas contiguous to abadi and wadis/basties in rural areas, using drone surveying technology.
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