Latest Real Estate News Delhi, India - Real Estate market in india

Property

Despite RERA, one-fifth of home buyers prefer refund, says Magicbricks

– 72% buyers want to file RERA complaint for delay in possession -19% home buyers would prefer a refund in case of delayed possession Ever since it was formed two years ago, Real Estate (Development and Regulation) Act 2016, (RERA) has brought in a ray of hope and is the first choice for home buyers when it comes to fighting inordinate delays in possession of their flats but significantly one out of five home buyers still prefer a refund in case of delays, revealed a Magicbricks Consumer Poll. According to the poll by Magicbricks, India’s No. 1 property site, 72% home buyers would like to file a RERA complaint in case of delay in possession while 19% would like to ask for a refund and just 10% would like to wait for possession if the project gets delayed. “In the last two years, RERA...

Mulund to get a realty boost as GMLR inches closer to reality

The Goregaon-Mulund Link Road (GMLR), an ambitious road project of the Brihanmumbai Municipal Corporation (BMC) connecting eastern and western suburbs through Sanjay Gandhi National Park (SGNP), has secured all the mandatory clearances and construction work is set to start very shortly. The mega Rs. 4,000 crore road project will run from Goregaon to Mulund via two underground parallel tunnels of 4.7 km in SGNP and will be the fourth east to west connector in the city after Ghodbunder Road (Borivali to Thane), Jogeshwari-Vikhroli Link Road and Santacruz-Chembur Link Road. The project has already got a green signal from the National Board of Wildlife (NBWL), the Maharashtra State Board of Wildlife and Eco Sensitive Zone clearances. The approvals came with many riders such as NBWL directing t...

Attractive prices lure 61% Hyderabad homebuyers: ANAROCK Report

– Current avg. property prices in Hyderabad hover around INR 4,170 per sq. ft. – the lowest among all top 7 cities – In the last 5 yrs. the city’s average prices have risen by 15% – 3rd only to Pune & Bangalore that saw 25% and 16% appreciation respectively – Hyderabad micro markets with max. absorption in last one year was Pocharam, Bachupally, & Kondapur – 50% of buyers in NCR bought property due to effective RERA implementation while 58% of buyers in Kolkata were driven by lower home loan rates E-commerce biggies may be toning down their offers, but discounts and freebies are still alive and kicking in real estate – and developers are going all out to lure buyers with attractive deals and discounts. Is it working? As per the recent ANAROCK Con...

Homing in on HSR Layout, Bangalore – RealtyMyths

Developed by the Bangalore Development Authority (BDA) decades ago, HSR Layout – home to upper-crust residents and even some ministers – is strategically located between major IT hubs including Electronic City, Outer Ring Road and Sarjapur Road. Not surprisingly given these excellent location antecedents, HSR Layout has transformed into a major residential-cum-commercial hotspot of Bangalore. This micro-market is largely defined by sizeable bungalows, small builder-floor apartments, wide roads, several small parks and well-established retail options. It is also one of the most self-sustained localities in the city. A Unique Lifestyle Quotient Its proximity and easy connectivity with major IT hubs make HSR Layout a preferred residential destination for IT professionals working in nearby Inf...

7 tips for first-time real estate investors – RealtyMyths

by Anushree Ghosh, Investing in real estate simply means that you have a clear vision about gaining more from the money you own currently.  It is one of the smartest and safest ways to invest. Unlike the stock market, it is relatively stable and you have a physical asset for assuring yourself of the possession. So, here are the key fundamentals to know before you start investing in real estate. Analyse the Market There are numerous hooligans in the market who can rob you if you act naïve in your decisions. Hence, before approaching any real estate agent, do thorough research. Know the value of the property in the areas of interest. Knowing the market value will help you negotiate the best rate. Look Out for rental properties The rental property serves the purpose of a secondary income. You...

GST Rate Cut in 2019 – A New Year Gift for Homebuyers?

A possible GST rate cut at the very beginning of 2019 could bring in the much-needed respite for the Indian residential sector, which is still reeling from reformatory changes. Though ANAROCK data indicates that sales numbers picked up by nearly 16% in 2018, sales are still far from their peak levels. The ongoing 12% GST rate levied on under-construction properties has proved to be a major deterrent for homebuyers, who understandably shied away from this added burden on their finances. ANAROCK’s consumer sentiment survey also confirms that the prevailing GST rate has prevented as many as 49% of property seekers from buying under-construction homes liable for GST. They preferred ready-to-move-in homes that were exempt from this tax. To attract home buyers and kick-start a more convinc...

Taxes on Property Purchase – And How to Save On Them

Anuj Puri, Chairman – ANAROCK Property Consultants If you are looking to buy a property or have already invested in one, you will know that there are tax implications involved. Let’s first examine the tax on property purchase and then elaborate on how one can save on it via tax exemptions and deductions. To begin with, the taxation on property purchase has become much simpler than it was before. With the roll-out of GST, all taxes previously applicable on real estate purchase (VAT, Service Tax etc.) have been subsumed under this single unified tax system. The overall costs involved in buying a property are broadly divided into two components – the first being the one paid to the builder/seller and other – the statutory and legal costs – to the government. While the former rough...

Kondapur – Another Hyderabad Housing Hub Goes Premium

Prashant Thakur, Head – Research, ANAROCK Property Consultants Located in western Hyderabad, Kondapur has emerged as a major residential hotspot in the city over the last few years. Once a remote locality, the micro market is currently abuzz with residential activity across property types and budget segments. With the saturation of nearby markets like Gachibowli, Madhapur and HITEC City, Kondapur became an alternative destination for builders and homebuyers. Kondapur is famous for the Kotla Vijayabhaskara Reddy Botanical Garden, which provides a serene and peaceful environment. Bordered by Shilparamam in HITEC City, Kondapur is now seeing the emergence of commercial establishments alongside residential developments as well. High demand for commercial spaces by the IT-ITeS companies has pro...

NRIs Buying Indian Property, And Indians Buying Property Abroad

Prashant Thakur, Head – Research, ANAROCK Property Consultants NRIs Eyeing Indian Properties Ever since the Indian rupee began nosediving, more and more NRIs (non-resident Indians) have turned their focus to the Indian real estate market. There are good reasons for this. Other than the favorable exchange rate, the new regulatory environment is driven by RERA, DeMo and GST have served to clear up a lot of the misgivings that kept many NRIs from investing in property in India. However, that’s not all there is to it. Most NRIs, regardless of whether they are permanently stationed or well-settled abroad, at some point entertain a fond wish to buy a home in India – if not for themselves, then for their families back home. Buying a property is still a mark of prestige and accomplishm...

Magicbricks continues high double digit growth trajectory; registers 74% YOY jump in Q2 FY’19 revenue

Q2FY’19 revenues touch Rs.55 crore Magicbricks now enjoys 60% of all online listings Magicbricks android app exceeds 5 million downloads Magicbricks, India’s No.1 property site, today announced a robust growth of 74% YoY in Q2 FY’19 with revenues touching Rs.55 crore as it stayed on course for a high double-digit breakout growth in the category. The performance in Q2FY’19 comes on the backdrop of its reported growth in Q1FY’19 when revenues had grown by 48% YOY to touch Rs.47.5 crore. The company also reported that the Magicbricks android app touched five million downloads, making it the only one in its category to achieve the milestone. Strong performance in consecutive quarters puts the company on a high growth trajectory in the current financial year and also signals early signs of the ...

Should You Buy a Home this Festive Season?

Anuj Puri, Chairman – ANAROCK Property Consultants The festive season is considered auspicious for property purchase and Indians across many states prefer to make informed property buying decisions during this period. To encash on the increased demand during the festive season, builders, on their part, leave no stone unturned to lure customers with freebies and discounts. Over the last few years, mounting unsold stock across cities prompted developers to clear their stock and focus more on project completion rather than launch new ones. Festive Season Offers This year, launches have increased, and many builders have, in fact, been offering schemes, freebies and discounts all year long to attract home buyers. Some of the prominent offers include cash discounts, flexi-payment plans, no regis...

Do you know the benefits of owning a property jointly?

by Saloni Bisht, Owning property has always been on the priority list of every individual, for all the right reasons. It gives a sense of comfort to hold a place and moreover the pride of ownership. Apart from self-satisfaction, coming to the practical part; real estate has consistently appreciated over the years, acts as a hedge against inflation and many more such benefits. But buying a house is not a cake walk, one of the main hindrances is “home loan.” To purchase a house, people take a loan and commit to paying an enormous amount as EMI for the next 15-20 years. This is where joint ownership comes as a blessing in the lives of those who can’t afford to pay huge EMIs or are not even qualified to secure a loan all by them self. Joint property ownership is a situation where two or more p...

  • 1
  • 2
  • 9
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.