Faced with slow offtake in big-ticket residential apartments, property developers are launching one bedroom (BHK) apartments to generate fast liquidity.
Developers often quote high prices but they would be more than willing to give discounts.
Government officials be under confusion.
Suburbs from Vile Parle to Goregaon have 205 unsold units.
Budget has proposed an additional deduction of Rs 1.5 lakh for interest paid on loans borrowed up to end-March, 2020 for purchase of an affordable house, valued up to 45 lakh.
Both partners would inject $200 million each in the form of equity and hold 50 per cent stake each. They plan to raise another $600 million in the form of debt to create a corpus of $1 billion to develop malls across tier-I, II and III cities.
Rentals for office space in Mumbai rise around 5-10 per cent, says a survey.
The realty market has been reeling under declining sales, coupled with higher inventory, for the past two years.
A revival in the sector is still 12-18 months away: Experts
Demand for Grade A office space is rising across the country.
Channel partners have started adding more value in marketing and sales. They are increasingly acting as advisors -- sales professionals than brokers.
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Experts say in the serviced apartments space, developers, primarily from the hospitality sector, are targeting non-resident Indians, expatriates and now, even domestic investors.
In the Budget, the government has banned cash transactions above Rs 300,000. This means that people will have to pay stamp duty and registration charges on the actual cost of transaction.
Property markets in Uttarakhand and Himachal Pradesh, which have had a dream run in recent years, are set to face a downturn.
The festival season holds out hope for the real estate industry as demand from end users increases in many markets.
Besides making property more expensive, these also affect the existing owners with higher taxes
Home seekers demand has exceeded supply and hence there is a possibility of rentals going up by atleast 10 percent.
High interest rates and prices mean low affordability. Also, developers have huge inventories.
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
Realtors are still flexible with buyers' demands.
Discounts up to 15% expected this festive season; analysts expect October-December period to garner sales of at least 60K units across seven major cities.
What are the upcoming locations and pull factors that determine housing prices in these two metros? What does this means for a buyer?
The Bill will facilitate setting up real estate regulators.
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Across the country, residential projects offering deals have risen 45-50 per cent in the run-up to the festive season and may double further by Diwali and the year-end as realtors attempt to clear piled-up inventory.
You may claim damages for alternative accommodation and interest on the payment made.
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On Wednesday, RBI reduced the cap on individual remittances abroad from $200,000 (about Rs 1.2 crore) to $75,000 (Rs 45 lakh) and also barred individuals from using funds under the scheme to buy immovable properties abroad.
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
Now, registered projects must disclose a lot of accurate information.
Indians are the biggest non-Arab investors in Dubai's real estate market.
When an NRI returns to India, he should be aware of his tax residency status.
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