Property prices in this Delhi-NCR area rose by 13% in three quarters of 2024; check Gurugram property rates, developers
1 Nov 2024, 03:31 PM IST
Sohna, a suburb of Gurugram, is witnessing a surge in real estate activity due to improved infrastructure and connectivity, says a report by the Square Yards. This has led to increased demand for both residential and rental properties. Prices have risen significantly, but Sohna remains relatively affordable compared to other parts of Gurugram. Several developers are actively launching projects in the area, catering to both end-users and investors.
more
Buying home in Noida can become costlier as circle rate may soon be hiked by up to 30%: Act now to save this much
1 Nov 2024, 11:03 AM IST
Noida property: If the Noida authority increases the circle rate by 30% then it could mean up to 3% increase in cost of acquisition of a property in Noida. Rahul Arora of Trilegal says, “An increase in the circle rates for residential properties will directly raise acquisition costs for buyers. The upfront cost of the property shall see a direct impact as well as the other charges payment (stamp duty and registration fee) would be increased proportionally.”
more
Builder asked to pay Rs 5.14 lakh to homebuyer by NCDRC for occupancy certificate delay and other violations
29 Oct 2024, 10:54 AM IST
RERA: A retired Major had to chase the builder for 9 years in order to get occupancy (OC) and completion certificate (CC). Apart from this issue, the builder violated other laws like charged separately for parking space, etc. So the retired Major decided to file consumer case against the builder and ultimately after a seven years fight he got an compensation of Rs 5.14 lakh.
more
New rule in Noida to safeguard homebuyers: Registering flat with government now must during purchase of property
28 Oct 2024, 12:57 PM IST
New homebuying rule: It will be mandatory for builders and homebuyers to enter into a tripartite ‘sale agreement’ when acquiring properties in all new housing projects in Noida. “The Noida Authority board announced a fundamental change in the conduct of real estate transactions in the city on Saturday, allowing it to identify who a flat is sold to as soon as the initial payment is made, rather than at the completion stage, as is currently practiced,” a report from the Times of India stated.
more
Mumbai property rates in 2024: Check residential property price, rent in Mumbai, Thane, other areas of MMR in Q3
26 Oct 2024, 05:38 PM
The MMR, India’s leading residential market, saw a 18% YoY decline in new launches in Q3 2024. However, sales remained stable, with MMR absorbing 34
more
No RERA registration unless a property meets this eligibility in Maharashtra, clarifies MahaRERA
26 Oct 2024, 03:43 PM IST
RERA: Maharashtra Real Estate Regulatory Authority (RERA) has laid out new clarifications about which projects are to be eligible for RERA registration. Akshat Pande of Alpha Partners explaining the impact says, “Consumers seeking to buy any unit in the exempted projects will be that such projects will be outside the ambit of the provisions of RERA and hence, the checks and balances, protections and other provisions prescribed under the RERA Act will not be applicable to such consumers.”
more
This Delhi NCR region likely to see a 30% hike in circle rate for residential areas; how homebuyers will be impacted
23 Oct 2024, 11:54 AM IST
Increase in circle rate for properties: The department in charge of stamps and registration has suggested to the district magistrate that the circle rates be revised, as they have not been changed for the past five years. According to a news report in the Times of India, the proposal seeks to raise the circle rate by 25-30% in residential areas, 10% in industrial, commercial, and IT sectors, and 15% for farmland.
more
Builder fined for charging parking space separately over the flat price; Know what your legal rights are
21 Oct 2024, 02:34 PM IST
RERA: A builder charged separately for parking space inside a flat from a retired Major of the Indian Army. Legal experts say that the builder also violated various other laws like Rajasthan Apartment Ownership Act, 2015 also. Feeling cheated, the Major decided to fight the case in consumer forum and ultimately NCDRC ruled in his favour after a seven year fight.
more
How to sell your house: Resellers are having a hard time finding buyers; how homeowners can improve the saleability of their property
21 Oct 2024, 06:30 AM IST
Though the primary realty market is booming, resellers are having a hard time finding buyers. Find out what you can do.
more
Housing price of new projects jumps over 145% in two Delhi-NCR areas in 5 years; check property price rise in your city
15 Oct 2024, 06:24 PM
Housing price rise in Delhi-NCR area: Indian real estate prices have skyrocketed in recent years. These two regions in Delhi-NCR saw the most signif
more
Property prices in this Bengaluru area jumped by 90% in 5 years; how much housing price has risen in your city
5 Oct 2024, 09:47 PM IST
As per ANAROCK data, the top seven cities collectively saw over 44% of price appreciation in the last five years. At a city level, Hyderabad recorded the highest jump of 64% between 2019 and H1 2024, followed by Bengaluru with a 57% increase. The lowest price growth of 25% was seen in Kolkata.
more
5 essential points to double-check before signing your rent agreement
4 Oct 2024, 11:53 AM IST
Rent agreement: When you are thinking about renting a house, it is important to take your time before signing the agreement. Even though a rental agreement contains many details, it is essential for both the landlord and the tenant to carefully review specific points. Before you finalize the deal, make sure to thoroughly double-check the following key points.
more
NBCC seeks Supreme Court nod to complete 17 stalled Supertech projects, offering hope to 27,000 homebuyers
25 Sep 2024, 11:57 AM IST
The government-owned NBCC has sought the permission of the Supreme Court to develop and complete 17 projects that have been stalled or are partially constructed by the troubled real estate firm Supertech. Approximately 27,000 distressed home buyers have been stuck for years in these projects, which were started in the National Capital Region, Dehradun, and Bengaluru.
more
Shriram Properties: Celebrating 25 years of trust, transparency, and governance
16 Sep 2024, 10:00 AM IST
Shriram Properties celebrates its 25th anniversary with a new brand identity and the launch of SPLNxT, targeting mid-market and mid-premium residential sectors. The company aims to deliver high-quality housing while maintaining its core values of trust, transparency, and sound governance. Extensive promotional campaigns highlight the rebranding efforts.
more
Bengaluru Homebuyer gets Rs 7.12 lakh compensation for delaying possession under RERA; Know your rights under RERA
11 Sep 2024, 10:35 AM
Bengaluru: Karnataka RERA has ordered payment of Rs 7.12 lakh interest to a homebuyer of Shriram Blue in Bengaluru. This order after the builder fai
more
NBCC’s three-phase plan to complete 50,000 Supertech homes offers hope for stranded home buyers amid insolvency proceedings
9 Sep 2024, 11:42 AM IST
The state-owned NBCC has put forward a three-year construction schedule to provide reassurance to numerous homebuyers. The objective of the plan is to finalize the construction of 50,000 apartments across 17 projects of Supertech, which is currently being managed by an insolvency professional. The company’s main stakeholder is confronting several allegations, such as fund diversion and money laundering.
more
Buying a house? These are the most and least affordable cities in India in 2024; full list
6 Sep 2024, 04:44 PM IST
A recent report reveals which are the most and least affordable cities for homebuyers in India. The study analysed price-to-income and EMI-to-income ratios to find out. The report also highlighted rising housing costs nationwide, with average prices increasing by 46% in the past four years. Check the full list of most and least affordable cities in India in 2024.
more
NRI homebuyer to get Rs 1.26 crore as refund and compensation from Godrej Properties against cancellation of flat booking
5 Sep 2024, 02:12 PM IST
MahaRERA: A non-resident Indian (NRI) paid Rs 97 lakh to book a Godrej flat, however when Godrej cancelled the flat booking, entire money (Rs 97 lakh) was allegedly forfeited by Godrej. After a 6 year fight MahaRERA appelate tribunal ordered Godrej to pay Rs 97 lakh plus State Bank of India (SBI) highest MCLR interest rate plus 2% to the NRI. By calculation this comes to Rs 1. 26 crore.
more
Property prices in this Delhi-NCR area jumped 170% in 5 years, land prices up by 450%; check details
4 Sep 2024, 05:59 PM IST
Property prices in this Delhi-NCR region have seen a noteworthy rise, surging by 170% in the past five years, according to a report by Geetanjali Homestate. Land values have witnessed an even more dramatic increase, jumping by 450% during the same period. The report highlights the remarkable growth in property values since 2019, driven by factors such as improved infrastructure, increased connectivity, and rising demand for suburban living. Read on to find out more about the Delhi-NCR region where property prices have witnessed huge jump in the last few years.
more
Last chance for over 1,100 Jaypee Infra homebuyers: Suraksha Group offers two options for homebuyers
4 Sep 2024, 11:24 AM
A total of 538 individuals who have purchased homes and have paid at least 80% of the cost but have not fulfilled a necessary claim under the Insolv
more
Amrapali projects’ purchasable floor area ratio (FAR) approved by SC; this will allow for construction of 13,000 more flats
30 Aug 2024, 11:12 AM IST
The Amrapali housing projects under the Supreme Court’s supervision have received a significant boost with all involved parties agreeing on a purchasable floor area ratio (FAR) that has the potential to build more than 13,000 extra apartments.
more
Housing prices in this Delhi-NCR area jump by 69% in Q2 2024; know how much property price has risen in your city
28 Aug 2024, 05:11 PM IST
Property price in 2024: Residential housing prices in the Delhi-National Capital Region (Delhi-NCR) jumped by 30% year-on-year during the April-June quarter of 2024, the highest among the top eight cities in India, according to a report by CREDAI, Colliers and Liases Foras. Check how much property price has risen in your city.
more
Property price rise expectations dip: 63% of Q2 respondents forecast higher residential prices, down from 82% in Q1
16 Aug 2024, 04:05 PM IST
According to the Knight Frank – NAREDCO Real Estate Sentiment Index Q2 2024 (April – June 2024) report, 63% of respondents in Q2 2024 predict an increase in residential property prices in the next six months. This is a notable decrease from the 82% who held a similar view in Q1 2024.
more
Pradhan Mantri Awas Yojana (PMAY)-Urban 2.0 Scheme approved by Cabinet: Eligibility, who will benefit, interest subsidy
12 Aug 2024, 11:34 AM IST
Pradhan Mantri Awas Yojana (PMAY)-Urban 2.0: The Union Cabinet has given the green light to the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0. The objective of PMAY-U 2.0 is to offer financial assistance to middle-class and urban underprivileged families for the construction, purchase, or rental of affordable homes in urban areas.
more
Ayodhya, Indore, Kochi, Nagpur and 13 other cities are emerging as real estate hotspots in India; check full list here
9 Aug 2024, 06:27 PM
To assess their real estate attractiveness and growth potential for the next five to six years, Colliers India has analysed over 100 emerging cities
more
Capital gains tax changed, big relief for homeowners: 12.5% LTCG tax or 20% tax with indexation, which will reduce tax outgo?
7 Aug 2024, 03:52 PM IST
Capital gains indexation calculation after amendment of Finance Bill, 2024: The Union government offers a huge relief property owners by allowing a choice between two options for long-term capital gains (LTCG) on the property — 20% LTCG tax with indexation or 12.5% LTCG tax without indexation. The Budget had proposed a lower LTCG tax without indexation benefits. However, taxpayers can now opt for the old LTCG tax with indexation or the new one with a lower rate that lowers their tax outgo. Calculate and understand which LTCG option helps you to save more tax now.
more
Homebuyers empowered by MahaRERA against builders’ cheating: Sale agreement to include all these mandatory details
1 Aug 2024, 05:08 PM IST
MahaRERA: Now a promoter can’t cheat you with false promises of various facilities and amenities like lifts, gym, etc. As per Subham Chatterjee, ALMT legal, “The homebuyers, especially those who had booked under construction flats, would feel deprived while receiving possession of the project without the amenities as promised at the time of purchase. This issue has been resolved to a large extent in view of this MahaRERA order.”
more
Interest subsidy for middle class taking home loan under PMAY scheme to come back: Budget 2024
23 Jul 2024, 03:18 PM IST
The Pradhan Mantri Awas Yojana (PMAY) is a government flagship program in India that aims to provide pucca houses with basic amenities to all residents, both in rural and urban areas. Pradhan Mantri Awas Yojana is divided into two parts: Pradhan Mantri Awas Yojana-Gramin (PMAY-G) for people in rural areas and Pradhan Mantri Awas Yojana-Urban (PMAY-U) for people staying in urban areas. Both schemes offer financial assistance to eligible beneficiaries to help them build a pucca house. All you need to know about the latest update in Pradhan Mantri Awas Yojana
more
Residential property sales highest in a decade: Not affordable housing, but this segment emerges as top favourite
5 Jul 2024, 06:38 PM IST
India’s real estate sector remained buoyant as residential housing sale surged to an 11-year high in the first half of 2024. A total of 1.73 lakh residential units sold during the January-June period of 2024, according to the Knight Frank report. Mumbai led with 47,259 units sold, up 16% during H12024. The premium housing sales rose to 34% market share in H1 2024, from 15% in H1 2018. Meanwhile, the affordable housing segment sales dropped to 27% in the January-July period 2024.
more
This Indian city sees third highest jump in prime residential property prices in the world: Report
29 Jun 2024, 09:09 PM
In Q1 2024, Mumbai led Indian cities with an 11.5% year-on-year increase in prime residential prices, ranking third globally in Knight Frank’s Prime
more
Redevelopment projects: 8 common mistakes housing societies make when embarking on redevelopment, how to avoid it
1 Jul 2024, 06:30 AM IST
The lure of new, modern flats can land ageing housing societies in big trouble. Find out how to avoid it.
more
Best approach for self-redevelopment of a real estate project: 7 things to know
1 Jul 2024, 06:30 AM IST
Find out if you, as a society member, should embark on this ambitious project or leave it to the developer.
more
Investing in commercial real estate: How to earn attractive regular income by investing in commercial real estate via fractional ownership platform
27 Jun 2024, 11:06 AM IST
As fractional ownership gains traction and becomes increasingly popular, retail investors must run a few checks before investing in CRE assets via this route. Here are some factors that one must consider.
more
Should you buy a house now before property prices soar or wait for home loan interest rates to drop?
10 Jun 2024, 06:30 AM IST
A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?
more
Insolvency proceedings ordered against Jaiprakash Associates; these Jaypee homebuyers won’t be impacted
4 Jun 2024, 12:59 PM
Jaypee home buyers: Jaiprakash Associates Ltd (JAL) is currently in the process of insolvency proceedings, and an appointed resolution professional
more
What rental yield is and how it is calculated
3 Jun 2024, 06:30 AM IST
If you are confused by personal finance terms, jargon or calculations, here’s a new series to simplify and deconstruct these for you. In the first part, ET Wealth explains what rental yield is and how it is calculated.
more
Facing parking space manipulation by the builder? MahaRERA empowers home buyers against the defaulting promoters
29 May 2024, 10:39 AM IST
MahaRERA: Now flat buyers don’t have to worry about parking space inside the flat, as MahaRERA has passed a order mandating parking space to be accurately communicated in both allotment letter and sale agreement. Read here to know more about the parking order by MahaRERA and how it will help you.
more
Aurum Analytica: Transforming real estate with Data Science and AI
24 May 2024, 05:36 PM IST
Aurum Analytica, a data analytics firm in real estate, uses data science and AI. CEO Prakash Tejwani and co-founders Sahil and Vishal discuss the company’s mission and growth.
more
Flat stuck in a delayed or stalled real estate project? Six things aggrieved homebuyers can do
21 May 2024, 01:00 PM IST
Homebuyers stuck in stalled real estate projects face financial strain and uncertainty. They pay EMIs and rent while bearing the loss of opportunity cost. If you have property in a delayed or stalled real estate project, here are some things you can do as a home buyer.
more
MahaRera brings in rules for retirement homes, senior citizen housing projects
18 May 2024, 11:33 AM
The Maharashtra Real Estate Regulatory Authority (MahaRERA) introduces comprehensive guidelines for senior citizen housing projects, covering design
more
Housing prices in this Bengaluru area jumped 32% in Q1; know how much property prices have risen in your city
16 May 2024, 04:02 PM IST
Average housing prices in Bengaluru have increased by 19% year-on-year (YoY) in the January-March quarter of 2024. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases Foras. Check how much property price has risen in your city
more
More than 1400 Amrapali homebuyers will have their flats cancelled if they don’t do this within 30 days; Check full list here
24 Apr 2024, 02:29 PM IST
Amrapali homebuyers: According to an advertisement in the Times of India dated April 22, 2024, “In furtherance to repeated notice issued regarding handover, below is the list of home buyers who have not yet taken handing over key of their unit from NBCC (as on 22.04. 2024), are hereby given the last opportunity to take key handover within 30 days failure to do so the respective unit will be deemed cancelled. NO further request in this regard will be entertained.”
more
New REITs regulations by SEBI is a game changer: 7 ways how it can help fractional real estate investors
11 Mar 2024, 02:42 PM IST
New REITs regulations: Here’s a primer on how this much-needed transparency could benefit retail investors, as well as HNIs, looking to add the highest-graded commercial real estate to their portfolios using the Real Estate Investment Trusts route.
more
Housing prices hike 61% in this Delhi-NCR area, 42% in Hyderabad in a year; how much return can you get from property?
7 Mar 2024, 03:37 PM IST
All eight cities — Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), and Pune saw an increase in housing prices in Q4. “The current state of real estate is the most productive when sales, supply, and prices are growing, and the price rise is not speculative. These factors work in harmony in a balanced and healthy real estate market.”, said Pankaj Kapoor, Managing Director, Liases Foras. Check how much housing prices have increased in your city in last one year.
more
Housing prices jump 8.4% in Chennai in Q3; how much have residential property rates increased in your city?
28 Feb 2024, 11:54 AM
With an 8.41% year-on-year increase in Q32024, Chennai witnessed the highest growth in the Housing Price Index. The central bank released the All-In
more
Housing for middle class: New scheme announced by FM in Budget 2024
1 Feb 2024, 12:26 PM IST
Affordable housing in interim budget 2024: According to the Finance Minister budget speech, the government will announce a new scheme for middle class to build or buy their own houses. The new scheme will help the middle class living in rented houses, or slums, or chawls and unauthorized colonies to own a house.
more
Ayodhya Ram Mandir hikes property prices 900%: How much can you profit if you invest now?
19 Jan 2024, 03:23 PM IST
Ayodhya Ram Mandir : The construction of the Ram Mandir in Ayodhya has triggered a real estate boom in Ayodhya. The prices of land in and around Ayodhya have skyrocketed — in some cases, five to 10 times the prices prevalent four to five years ago — according to several real estate players. Several townships and private hotels are expected to come up in the city in the next few years. Is it the right time to invest in real estate in the holy city? How much returns can you expect? Which are the areas where you should should you invest?
more
Houses have become more affordable across the 8 biggest Indian cities; how affordable are property prices in your city
15 Jan 2024, 06:30 AM IST
Even though home loan rates are up and property prices are rising, houses have become more affordable across the eight biggest Indian cities, as per a study by Knight Frank India.
more
Want a house that fits in your budget? 5 most affordable cities in India to buy home now
9 Jan 2024, 05:24 PM IST
According to the Knight Frank Affordability Index, Ahmedabad has emerged as the most affordable housing market in the country among major cities. Affordability Index indicates the proportion of income that a household requires to fund the EMI of a housing unit in a particular city. Thus, an affordability index level of 40% for a city implies that on average, households in that city need to spend 40% of their income to fund the EMI of a home loan for a unit. Check the full list of affordable cities in India here.
more
What to consider while buying a second house
8 Jan 2024, 06:30 AM
Akshay is a senior management professional with a good salary, which includes a sizeable performance-linked variable pay. He has a portfolio of stoc
more
Source
