India Inc on Wednesday said the country’s real estate sector is expected to receive a major boost due to the implementation of the 7th Pay Commission recommendations. “The 7th Pay Commission implementation will be a positive move and raise the affordability of the government employees by increasing their home loan eligibility,” said Ankur Dhawan, Chief […]
Circle rates have been slashed by 15% in Gurgaon effective Tuesday, a move that is expected to provide much-needed boost to the sluggish real estate market. This is the first time that circle rates have been slashed in the corporate hub. In the previous two financial years, circle rates were left unchanged but it failed […]
Experts are already calling it the rising star of Gurgaon and whatever your take on the Millennium City (or its traffic), there is no denying that South of Gurgaon – also known as Sohna – will continue to soar to new heights for the next 16 years (at least). South of Gurgaon is steadily poised to […]
The hike in Floor Area Ratio (FAR) in Gurgaon is expected to make the city lead Delhi in the supply of residential inventory. Currently, Gurgaon hosts 24 per cent of the total housing supply in Delhi NCR, slightly lower than Delhi (data by 99acres). The Millennium City, Gurgaon has established itself as a coveted residential […]
The town derived its name from Guru Dronacharya; the village was given as “gurudakshina” to him by the Pandavas, hence the name Gurugram The Haryana Government on Tuesday decided to rename Gurgaon as Gurugram and its neighbouing district Mewat as Nuh. Announcing the decision, an official spokesman said the decision to change the name of […]
• Historically low investor demand in the last 3-5 years has lead to a accumulation of demand which is usually followed by a demand surge. • In 2016 real estate prices are still at 2013 levels. • Inflation in India 2013 was marked at 10%, in 2014 at 6.4% and in 2015 at 5.9%. Over […]
Launches of new homes increased by 62 percent to 4,600 units in Delhi-NCR during January-March period despite sluggish demand and huge unsold stocks, according to property consultant Cushman & Wakefield. Of the total launches, over 40 percent were seen in the affordable housing segment. Average ticket price in the affordable housing segment (below Rs 40 […]
Despite softening inflation and a pruning of interest rates, in the Indian residential real estate market there is little to see by way of an uptick in the year gone by. According to the data released by the online real estate firm PropTiger, both the sales and new project launches for the top 9-cities for […]
People belonging to minority communities of Pakistan, staying in India on a Long Term Visa, will soon be allowed to buy property, open bank accounts and get PAN and Aadhaar cards, with the Modi government planning to roll out special facilities for them. Among other concessions the BJP-led government is all set to offer them […]
The Real Estate (Regulation and Development) Act, 2016 will come into force on Sunday, May 1 starting the process of making operational rules as well as putting in place institutional infrastructure to protect the interests of consumers and promote the growth of the Real Estate sector in India. Earlier this week, the ministry of housing […]