In an unexpected move, at least the market experts would agree to it, the Reserve Bank of India today cut the key Repo Rate by 25 bps, bringing it down to 6.25 percent. RBI was doing the 6th bimonthly monetary policy review, and first under its new Governor Shaktikanta Das, who replaced Uriji Patel a...Read More
Santosh Sinha/RealtyMyths As the Union Government is scheduled to announce budget for FY 2016-17, everyone is hoping for the good for themselves. So is the Real Estate sector which is currently crawling due to various reasons. It, therefore, becomes interesting to see what Honb’le FM Shri Arun Jaitle...Read More
In an exclusive press conference held at New Delhi, chaired by the Minister of Urban Development Shri M. Venkaiah Naidu, 20 urban areas of the country have been declared to be revamped into future Smart Cities. Out of the 98 cities declared back on 25th June, 2015, 97 cities had made it to the ‘Smart...Read More
Real estate sector has been one of the most unorganised sectors of the Indian economy and the situation has only worsened over the years due to the ever increasing presence of fresh entrants. Eventually, it is the end user who is taking the final hit because it’s them who have invested their hard ear...Read More
Recently, Honourable Prime Minister of our country, Shri Narendra Modi today launched a mammoth Rs. 7,500 crore project for the widening of Delhi-Meerut Expressway and replace it with an expressway to decongest the National Capital and nearby regions. The alignment of Delhi-Meerut Expressway will beg...Read More
Team RealtyMyths Being one of the prime contributors towards Indian GDP and employment generation, a lot is always expected out of the real estate sector. This sector alone is responsible for being a user for over 30 allied industries and sectors. As we bid a goodbye to 2015 and gear up for 2016, a l...Read More
With the onset of global industrialisation back in the 18th century, gradually came a time when the demand for its final product, ‘Real Estate’ started to catch up pace. As real estate rose in demand, providing its supply began to create environment damaging residual in the form of deadly ‘emissions’...Read More
“Goods and Services Tax” would be a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India, to replace taxes levied by the Central and State governments. GST would be levied and collected at each stage of sale or purchase of goods or service...Read More
What is the purpose of owning a house when it is not secured? What is the purpose of owning a house when you can’t get mental peace? What is the purpose of owning a house when your money is bound to go waste? Providing houses to public is one aspect of fulfilling the duty, but what is the purpose of ...Read More
In a much anticipated and steadied move, the RBI kept rates unchanged today in its last bi-monthly policy review for the calendar year. The key rate (Repo Rate) remains at 6.75 percent, Reverse Repo Rate at 5.75 percent, Cash Reserve Ratio (CRR) at 4 percent and Statutory Liquidity Ratio (SLR) at 21...Read More
The Indian real estate sector is expected to grow and touch $200 billion by 2020. For over last one decade, housing sector itself has had a 5-6 % consistent contribution towards Indian GDP along with being one of the primary contributors towards employment generation. This sector can be broadly class...Read More