The Cabinet Committee on Economic Affairs (CCEA) today approved a hike in interest subsidy for promoting affordable housing for the poor in urban areas under the Housing for All by 2022 initiative. The CCEA, which was chaired by Prime Minister Narendra Modi, has accepted the recommendations of an inter-ministerial committee to increase interest subvention to […]
As disputes of land owners and HUDA are finally settled, construction will once again resume on the Dwarka Expressway. Home buyers and sellers are hopeful of healthy return on investments in the coming time. In a recent judgement, the Punjab and Haryana High Court has set aside clouds of doubt that were looming over the […]
After the landmark ruling by National Consumer Disputes Redressal Commission (NCDRC) on a delayed project in Gurgaon, home buyers can expect an improved scenario in completion of real estate projects. Dilip Vashisht booked an apartment in an under-construction project in Gurgaon in 2008, which promised him possession by the end of 2012. He, however, has not […]
There are several charges that go into making the total cost of an apartment. From parking space charges to club membership costs, here is more. One must be aware that there are several other charges attached over and above the advertised price of the property. While the other charges may vary from one society to the other, […]
GURGAON: In a landmark ruling, the National Consumer Disputes Redressal Commission (NCDRC) on Monday asked real estate major Unitech to pay buyers compensation at the rate of 12% per annum for delay in delivery of flats, overruling the builder-buyer agreement that had set the rate at 1.8% per annum. The order came in a case […]
When it comes to most expensive residential localities in Delhi-NCR, South Delhi has always been at top. Localities in Gurgaon and Noida are the recent additions to the list. Ever developing infrastructure and state-of-art amenities on offer such as pool, club house and green area are some of the factors that have paved the growth […]
Buying your dream home is the beginning of a lifelong commitment. A lot can happen between the time of signing the sale agreement and the registration of the property. Till the legal possession of your property, there are several points you should take note of. As buying a property has become a dynamic process due […]
With the RBI cutting Repo Rates three times in 2015, the industry is hopeful of improving real estate scenario in coming times. Frequent rate cuts by the Reserve Bank of India (RBI) have instilled lot of confidence amongst all stakeholders of a better market scenario. While the sellers hope for increased interest from homebuyers and […]
The recent earthquakes which struck the Nepal- North India belt cannot be erased from our memories because of the extent of damage that it caused. Ever since the disaster, Magicbricks has been receiving a lot of queries on how to ensure whether one’s home is earthquake resistant or whether such a concept is just a […]
Unlike yesteryear when down payment was the only option to buy a property, developers these days are offering a number of payment plans to the buyer. The most popular payment plans apart from the traditional down payment plan include construction linked plan, flexi payment plan and time linked plan. All these plans have their pros […]