In the wake of large scale criticism and the realtors’ protest against repo rate hike, the Government raised the housing loan ceiling for availing one per cent interest subsidy to Rs.15 lakh from existing Rs.10 lakh.
The latest interest rate hike by the Reserve Bank of India (RBI) is bound to push up the price of housing loans as well as the residential apartments.
In a move that could pinch 11 ongoing mega-projects in the city, the Brihanmumbai Municipal Corporation (BMC) on Monday, September 24, asked developers to comply with the new public parking norms
In a further blow to the dampened Diwali spirit of the realty sector, the RBI raised interest rates on today but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
CREDAI Orissa on Sunday, September 23, demanded a level playing field for the developers to play sheet anchor role in shaping proper urbanization in the state.
It has been quite some time that Mamata Banerjee took over the rein of West Bengal after 34 long years of Left Front rule.
A four day property exhibition by the Orissa chapter of the CREDAI, which concluded in Bhubaneswar today, has estimated property deals worth about Rs.150 crore.
Ratings agency CRISIL has urged Housing Boards and State Governments to generate more awareness on the significance of ratings in developing a real estate project, to help create a level playing field.
Though the developers have hailed the Allahabad High Court’s judgment on Greater Noida land acquisition, they said existing flat buyers will be immune to higher compensations to farmers.
Encouraged by the number of Indians who have bought property in and around Kuala Lumpur, a Malaysian delegation is in the city to attract high net worth individuals to make Malaysia their second home.