Godrej Anandam gets A Rating
Prima facie the Godrej Anandam may seem to be a costly proposition by the prevailing price point of Nagpur, but then it is one of those projects that have the first movers advantage of aspirational living in the city.
Search Results: Indian real estate (2708)
Expectations on way forward for GST Bill from Budget Session
For achieving 10% growth, India’s domestic economy needs to attract added investor interest, including that of overseas funds. Increased levels of foreign investments would be welcome for the Government’s recently launched “Make in India” initiative as well.
10 things citizens expect from India’s 20 smart cities
The buzzword ‘Smart Cities’ has gained a lot more meaning now after the selection of the 20 top cities as Smart Cities out of a total of 98 through a competitive process of selection.
Waiting too long for a price correction?
When we talk about home buyers sitting on the fence, we are basically talking about buyers who want to buy a home but are indecisive. Implied therein is that such buyers have the capital to buy now if they choose to – they point is they are not choosing to.
Delhi-NCR home to artificial price appreciation
Pritam Yadav bought an apartment in Noida at Rs 3,000 per sq ft in an upcoming location three years back. The developer had then promised that the price will appreciate to no less than Rs 4,500 per sq feet within 18-24 months. It actually appreciated to Rs. 5000 within couple of years. However, circumstantial exit effort made him realise that the appreciation was only a castle in the air.
This doctor could not find any buyer at the appreciated price point. Forget Rs. 5000 sq feet price that the developer was advertising, he could not get any taker in the secondary market for even Rs. 4000 per sq feet. Even the developer refused to buy back at Rs. 1000 per sq feet lesser than what he h
Ease of business and easy exit brand differentiator of Dubai: Sultan Ebrahim Alakraf
Dubai property market has been centre of attraction for the investors from across the world. Indians, of course, have been a significant contributors and Dubai rates India as the second largest investor country after the UK. Sultan Ebrahim Alakraf, Senior Director of Land Department, Government of Dubai, shares with Ravi Sinha how Dubai has been consciously trying to create its own brand differentiator with ease of doing business and easy exit to the investors. Excerpts of an exclusive interview:
Sobha revenue decline by 12% in Q3 ‘16
Sobha Limited, on a consolidated basis, registered a turnover of Rs. 4.01 billion during the third quarter of the financial year 2015-16.
Property re-sale procedure vague and prone to misuse
A homebuyer in Noida wished to sell his newly delivered apartment before the formal registry to the other party. As per the law, there is no transfer charge applicable since the said property has not been registered in the name of the first party itself and stamp duty is yet to be paid. However, he was taken by surprise when the builder asked for Rs. 2 lakh fee in the name of expenses with the Noida Authority.
The builders’ stand is that once the allotment letter is given to the buyers, he has to submit the list to the authority and henceforth there are expenses involved.
Stress in slow Pune market; hope in last quarter
With the prices virtually stagnant and the industry being plagued with an ever increasing inventory for sale the market is in a mode of a gradual downward drift. However, even though the city property market has been witness to stagnation, there is still hope in the last quarter of the fiscal year due to underlying factor that while the property prices in the city have increased only nominally, affordability has risen with rising salaries, lower interest rate and lower inflation.
JLL closes transaction mandate for upscale hotel in Ahmedabad
JLL has announced the completion of their mandate for sale of the 156 keys Ganesh Meridian Hotel at Ahmedabad.