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Apartment Comeback
14 May 2003 - Today
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RESIDENTIAL APARTMENTS have finally made a comeback. The market has appreciated
about 25-30 per cent in the last eight months.
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Broker is not a dalal
7 May 2003 - Today
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What comes to your mind when you think of a property consultant? Nine out of ten would be picturing a tobacco-chewing, school final failed dalal, who treats you like his money minting machine.
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The call of the REIS
23 April 2003 - Today
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By breaking up real estate investments into small units, Real Estate Investment
Schemes (REIS) will enable investment by small investors, middle-class and, in particular,
the growth in the housing sector. Out of nearly $42 billion locked up in mutual funds, about 10 per
cent will be unleashed into home finance.
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The realtors' code of ethics
26 March 2003 - Deccan Herald
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The Bangalore Realtors Association - India was set up in July 2000. The idea
behind the formation of the Association was to bring the realtor fraternity at
Bangalore under one umbrella bringing in a unified code of ethics and uniform
standard procedure.
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Plan before you plot-Vaastu Shastra
01 March 2003 - HT Estate
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Vaastu Shastra has
some rules and regulations when it comes to buying a plot of land. Follow these
and you will ensure that the home you build on this land is free of negative
energies and unnecessary bickering.
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Real Estate: Multiple Dimensions
01 March 2003 - HT Estate
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Long before NOIDA and Gurgaon came into scripting the real estate story on the periphery of Delhi,
Rohini had already established itself as the biggest residential sub-city in
Asia.
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Tax sops for residential rentals can boost real estate
18th February 2003 - Business Line
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Tax rebates for rental housing will benefit the economy and the industry. Rental housing is suffering as the incentives are more attractive for acquiring property rather than renting it out...
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Lower interest rates for good borrowers, higher for delinquents
18th February 2003 - Financial Express
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You are a lender's delight. On every loan that you have taken, your repayment record is spotless. The result has been somewhat counterproductive: increasing number of unsolicited and irritating calls from the same guys who have lent you money ...
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Municipal charges are recoverable from tenant
16th February 2003 - The Economic Times
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The Municipal Tax levied or imposed by Chandigarh Municipal Corp. is the tax imposed by local authority and you will be entitled to recover from the tenant unless the same is specifically prohibited by such Act or required to be paid only by the landlord.
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Gurgaon, Noida geared up for the world
12th February 2003 - Today
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India's value proposition is already making IT-enabled service hubs relocate
their back-end operations here
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The multiplex rage
29th January 2003 - Today
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THE TORCH that was lit by the opening of the PVR multiplex at Saket has
now become a raging inferno. The concept of multiplexes has become a fast
growing trend with more and more players jumping onto the bandwagon.
How has this affected real estate, you'd ask?
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How they all fared
22nd January 2003 - Today
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An increasing demand has been for hi-tech buildings with an international
look and facilities like 100 per cent power backup etc.
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LIC Housing's disbursals may top Rs 3,000 cr in '03
15th January 2003 - Times News Network
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LIC Housing Finance has set a target to disburse Rs 3,000 crore by the end of
current fiscal. The housing finance company, growing at the rate of 25% at
present, is looking at group businesses and corporate tie-ups to carve out a
greater market share in housing finance.
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Take notes, NRIs
15th January 2003 - Today
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With the just concluded Pravasi Bharatiya Divas in the Capital, there has
been a lot of focus on the non-resident Indian (NRI) segment of real estate
consumers.
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Create Living Space
8th January 2003 - Today
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People feel its better to stay in and travel from Gurgaon and Noida because of quality housing and ambience
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Destination Next
1st January 2003 - Today
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Unlike other areas, infrastructure in Greater Noida had
preceded development. Emphasis has been laid on developing it as a green haven.
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Eye Area Near Metro
25th December 2002 - Today
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A general belief is that proximity to a rail line has a negative impact on
residential property value due to nuisance effect, but with the Metro
being designed as a noiseless system, this would not be the case.
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The Westend appeal
18th December 2002 - Today
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In 1963, Westend was first conceptualised as the 'Diplomatic Enclave Extension' and is probably
one of the smallest yet most exclusive colonies in South Delhi.
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Click here to buy a house
2nd December 2002 - Today
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Over the last five years, real estate industry has matured amazingly. Quality of information available to customers has improved, more orgainsed players have emerged, endusers have become better informed and operations have turned more transparent.
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The young spenders
27th November 2002 - Today
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A study of the real estate industry shows a remarkable trend. About 68% of people who have bought properties are in the age group of 26-45 years. Another change is that women are now taking an active part in the whole process.
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Smarten up to upgrade
20th November 2002 - Today
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Tenants are no longer prepared to simply find the cheapest possible space to operate from. Executives realise that success of their companies also depends on the image that their company projects.
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Zoom in on your realtor
13th November 2002 - Today
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You must look for a realtor who makes you feel comfortable and confident, not anxious or pressured
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Are you looking East?
5th November 2002 - Today
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What should you do if you wanted to stay around colonies like Yojna Vihar and Vivek Vihar and wanted to save some money too in the bargain? Move in across the road. Sceptical? Don't be.
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For NRIs, home is where the heart is
1st November 2002 - Business Line
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Gurgaon, near Delhi, in the neighbouring State of Haryana is an upcoming township where multinationals and other corporates have flocked in to get away from the crowded Capital. With the rush, property prices there have started inching northwards.
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Govt may put in place uniform 5% stamp duty on realty deals
27th October 2002 - The Economic Times
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The Union government is working towards reducing the stamp duty on real estate deals to a uniform level of 5% from over 10% at the moment in most states.
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Real estate needs laws
18th October 2002 - Today
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It is every family's dream to own a home. Unfortunately for some, this dream can often turn into a nightmare. People usually invest 70 to 85 per cent of their total wealth in a house, with the rest largely divided among government backed securities, insurance, bank deposits or stockmarkets.
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Floating Rates for Loans Hardly 'Floating'
13th October 2002 - Indian Express
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At a time when most banks are hardselling loans with the 'lowest interest rates ever' slogan, there is need for consumers to be vigilant about these claims.
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HDFC sees jump in floating rate loans
12th October 2002 - Business Standard
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The Housing Development Finance Corporation (HDFC) has seen an upsurge in customers wanting floating rate housing loans who feel that existing interest rates might drop further.
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HDFC to ease housing loan norms for non-salaried class
11th October 2002 - Financial Express
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Housing Development Finance Corporation Ltd (HDFC) is planning to relax the existing norms for housing loans, for the trading and business community to enhance the housing credit offtake.
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Dwarka will take time
11th October 2002 - Today
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A major problem is of connectivity. DDA has designed the colony for 11 lac people but there is no plan for inlet and outlet. Lack of pure drinking water is another problem. Socities are dependent on MCD water and borewells.
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Borrow, but smartly
4th October 2002 - Today
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You should do your own "affordability analysis" to see how much house loan you can afford keeping in mind your fixed
monthly expenses, school fees, insurance, entertainment and other costs like transports etc.
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Look before you leap
27th September 2002 - Today
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Do you have a property that you would like to give on rent? For the novice in the tenant-landlord relationship here is what you should be looking for before you sign on the dotted line and hand over the keys of your property.
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How `floating' are SBI rates?
26th September 2002 - Business Line
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If you are one of those who took a "floating rate" loan from the State Bank of India (SBI) a year or two ago, and expected to reap in full the benefits of lower interest rates that you are reading about everywhere, it's time to take a closer look at your loan agreement again.
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IDBI Bank open to acquiring housing finance firms
26th September 2002 - Times of India
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IDBI Bank on Wednesday said it would aggressively go for increasing its retail banking portfolio and was open to acquiring viable housing finance companies to achieve the target.
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Commercial property now attractive
24th September 2002 - Business Line
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Investment in and sale of commercial properties are gaining popularity in India over the last one year, thanks to real estate prices hitting an all-time low and attractive schemes being offered by various housing finance companies and banks.
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Making excuses? Don't
20th September 2002 - Today
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Long term investment, for sometime now has been thought of only in terms of the sharemarket or government securities. Realestate has long been viewed as the proverbial dark horse.
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A home is closer with booming housing finance
16th September 2002 - Financial Express
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Now it is possible for even a lower middle class salaried person to own a house thanks to falling interest rates and tax sops. Easy availability of finance at affordable rates ...
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Retailing's the way to go
13th September 2002 - Today
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Retailing is probably the biggest money-spinner in Delhi right now. It seems the 'shopping bug' has bitten most of Delhi. Here is a brief look on some of the up and coming retail spaces...
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Mixed response from real estate industry
7th September 2002 - Today
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The N K Singh
Committee's recommendation to allow 100 per cent foreign direct investment (FDI)
in commercial and residential projects has received a guarded response from real
estate developers.
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A tale of two cities
6th September 2002 - Today
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The results are out and have been for quite some time. What began as a much-touted
fight for attracting the moolah has turned out to be a damp squib. We aren't talking
about the Tyson-Holyfield rematch...
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Apartment culture catches on
30th August 2002 - Today
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Perceptions have changed with new builders like DLF, ITC and Unitech making high-end luxury apartments
that offer the space of a house and the convenience and security of a condominium.
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Secrets of Sainik Farms
9th August 2002 - Today
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When DDA recognises and regularises Sainik Farms, the land rates there are going to shoot up
by at least three to four times.
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Rentals of prime realties in South Mumbai falling
7th August 2002 - Times News Network
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Rental yields in prime south Mumbai residential buildings have fallen this year,
versus two years ago, as interest rates fall and supply increases, a survey by
Knight Frank Research shows.
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Home loan rates to dip again
5th August 2002 - Times News Network
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Home loan interest rates may further drop by up to 1.5 per cent in the next six
months, according to top home finance firms.
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Still paying rent? Buy a house
2nd August 2002 - Today
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Young professionals are not at ease with being rent payers. They seek stability and are also ready
to spend on top-quality interiors.
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Soothing realty: demand is set to pick up
1st August 2002 - Times News Network
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The realty sector in the country has witnessed a marginal improvement in investments in several cities recently.
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Commercial rentals set to fall further
1st August 2002 - Economic Times
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Rentals of commercial properties in Mumbai and Delhi are expected to
fall further, albeit marginally, in the next six months.
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Buy a property, achcha hai
26th July 2002 - Today
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Stockmarket scams, slowdown and loss of investor confidence is making real estate a much-sought-after
investment option.
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Buying a new house? Read this
19th July 2002 - Today
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A good property will always remain prime even if it's expensive and will always appreciate further.
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Retail property price in Delhi, Chennai rise
19th July 2002 - Times News Network
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A boom in coffee pubs, F&B outlet chains and expensive restaurants have
driven retail property rates to a new high in both Delhi and Chennai.
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Eyeing a farmhouse? Go ahead
12th July 2002 - Today
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With the real estate market coming down and laws becoming more stringent, everybody
thinks farmhouses, which once used to be most desirable and the biggest status symbol
in Delhi, would crash drastically.
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IDBI Bank launches a new loan scheme
8th July 2002 - Business Line
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IDBI Bank has launched a new loan scheme under which the borrower can take an
additional loan at the same rate of interest as existed under the home loan
scheme and can use the same for any purpose.
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PNB Housing reduces interest rates
8th July 2002 - Business Line
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PNB Housing Finance Ltd has reduced interest rates on home loans for
resident and non-resident Indians by 25 basis points for different slabs.
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SBI cuts housing loan rates
6th July 2002 - Business Line
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Housing loans have just got a little cheaper. State Bank of India has cut its rates
by around 50 basis points to 10 per cent on its floating rate loans.
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SC holds wilful default on rent as ground for eviction
5th July 2002 - Financial Express
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The Supreme Court has recently held that bonafide need of
a landlord and wilful default by a tenant can be grounds for evicting a tenant.
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Check on black money in property deals unlikely' - Rethink on new clause in Finance Act 2002 sought
5th July 2002 - Buisness Line
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The new Section 50 C, introduced by the Finance Act, 2002, which concerns deemed consideration
in the case of transfer of immoveable property, has been described as a provision that militates
against established principles of law and 'simply not implementable'.
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Builder flats : The inside story
5th July 2002 - Today
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It's the new thing in the Capital. Builder flats are mushrooming all over Delhi...
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India's Unitech to set up US$82 mln cyber park, amusement parks
1st July 2002 - Asia Pulse
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The continuing economic downturn has knocked the bottom off the commercial property market. Corporates
have as a rule abandoned purchase of property in preference to lease deals.
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Commercial property market hit by oversupply
30th June 2002 - Times News Network
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The continuing economic downturn has knocked the bottom off the commercial property market. Corporates
have as a rule abandoned purchase of property in preference to lease deals.
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Realty MNCs see good ground to be buoyant
28th June 2002 - Business Line, Bangalore
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Cashing in on the trend among American companies to outsource from India, MNC real estate companies
have started to troop into the country.
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Micro markets spurt as city realty prices rise
26th June 2002 - Financial Express, Mumbai
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With corporates working on stringent real estate budgets and high property rates in metro cities,
more and more micro markets are evolving on the periphery of bigger cities
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Vatika Triangle to be up by October
23rd June 2002 - The Economic Times
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The Vatika Group of Companies, one of the leading players in the development of
corporate and ommercial complexes in Gurgaon, is again set to add to the Gurgaon
skyline.
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IDBI Bank sets aside Rs 500 cr for housing segment
26th June 2002 - Times News Network, Kolkata
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IDBI Bank is set to move ahead on the fast track. After testing the market with most of its
retail products, the bank is exploring opportunities for expanding the home loan market in the east.
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BCC simplifies house plan procedure
23rd June 2002 - Times News Network, Bangalore
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Ever wondered why a house should have at least three metres empty area as
setback space? Or how many floors should be considered in a particular site
dimension? Whether an apartment block should be built on a 30' by 40' or a 40'
by 60' site? And what do building bylaws specify?
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Real estate industry bucks the trend
23rd June 2002 - The Economic Times
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Forget the real estate industry blues. Even in times like these, for the
right address in town, or at least in the major metros, people are still willing
to pay huge prices. At least that’s what the country’s 10 leading developers,
real estate brokers and consultants feel.
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Gurgaon malls : boom or doom?
21st June 2002 - Today
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Come October and the first shopping mall on a Western concept – with multiplexes,
100 per cent power backup and central air-conditioning – will open in Gurgaon.
In fact, in a year there will be six such malls there, each covering over two-three lac square
feet of space, where Ansal Plaza covers only 1.5 lac square feet. These malls combined
will cover over 15 lac square feet of space which is three times more than South Extension,
Ansal Plaza, Greater Kailash, Basant Lok, Lajpat Nagar and PVR put together....
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NHB plans Rs 50 crore MBS for PNB housing
18th June 2002 – Financial Express
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Close on the heels of its mortgage backed securities (MBS)
issue for Canfin Homes Ltd, the National Housing Bank (NHB) will be launching a
Rs 50-crore issue for PNB Housing Finance in July...
Mortgage backed securitisation is gaining ground as a new concept in the housing finance market...
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In India, fortune favours the swift and street-smart
14th June 2002 – Singapore Straits Times
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Singapore's knowledge base and core competency in infrastructure is finding
niches as India builds new roads and airports, shopping malls and hotels; plus a
body of residential real estate that is a leap away from the tired concepts of
the 1970s and 1980s, into a new generation of world-class buildings that require
world-class technology and know-how in concept, design, engineering and
maintenance...
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Bad law going, but don't toast yet
14th June 2002 – Today
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Cheers! Come July 1, Section 37(I) will be abolished. Section 37(I) was an
income tax clearence which a seller had to take from the Income Tax Department
before selling his property. In Delhi this act was applicable to properties
worth Rs 50 lacs and in Gurgaon for properties over Rs 20 lacs...
Everyone seems to be very happy with the present situation, but just watch out.
This could be a bait the government is laying for us...
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So, who's selling houses
7th June 2002 – Today
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With war clouds hanging low and close, most people think the property market,
quite like the stock markets, will soon crash or worse, has already crashed. But
I would first like to dispel this myth for the cautious real estate watcher.
Property market has not yet crashed. Not just yet, atleast...
Like junk stocks, junk property never appreciates. When you think you are buying cheap property, it may not be true. Because cheap is always cheap...
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Thou shalt not bow to temptation
31st May 2002 – Today
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When an MNC cuts a large deal with a big builder, it is often seen that executives
buy residential properties from the same builder...
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Yehi hai right house baby!
24th May 2002 – Today
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Residential property is available for Rs 20,000-30,000 per month at –
Greater Kailash, New Friends Colony, Panchsheel Enclave, Anand Lok, Neeti Bagh, Hauz Khas, Safdarjung Enclave, Defence Colony...
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Search for a new DELHI
17th May 2002 – Today
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The hunt for hot spots are widening the expanse of Delhi
to Gurgaon, Noida, Ghaziabad, and even Greater Noida. Of these, Gurgaon has
occupied the top slot... Price is
not an issue as there are flats for various income groups. Among the low-value
apartments are Ridgewood, Oakwood and Silver Oaks, priced at Rs 1,200 per sq
feet and cover an area of 1,100-1,700 sq ft...
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