The Reserve Bank of India (RBI) on April 5, 2016, cut the key interest rate by 0.25% and introduced a host of measures to smoothen liquidity supply, so that banks can lend to the … READ FULL STORY
Buying and developing properties in Mumbai and the rest of Maharashtra is set to become costlier, as the government on March 31, 2016, announced an increase in ready reckoner (RR) rates by an average … READ FULL STORY
First-time home buyers, from April 1, 2016, will get additional tax benefit for purchase of residential properties of value up to Rs 50 lakh. The government’s proposal, which comes into force in the new … READ FULL STORY
Seeking to ease business and make its policies more accessible to the common man, the Delhi Development Authority (DDA) on March 30, 2016, announced that it has come up with a set of frequently … READ FULL STORY
To improve ease of doing business, the government on March 30, 2016, announced revised building bye-laws for Delhi, which envisages single-window clearance and payment system, along with approval of building plans within 30 days. … READ FULL STORY
The AAP government in Delhi on March 28, proposed to a build a first-of-its-kind skywalk from the Qutub Minar Metro Station, to the iconic minaret in the financial year 2016-17. “A skywalk way from … READ FULL STORY
In a first, the central government came out with rules today (on March 29, 2016) to manage construction and demolition waste, by prohibiting its dumping on roadsides and drains. The move is aimed at … READ FULL STORY
The residential property segment in India, is expected to receive investments worth USD 1 billion this year, given its attractive rate of returns, which average 20%-22% per annum, an industry expert said. “Private Equity … READ FULL STORY
Realty player Lodha Group on March 14, 2016, said it has sold 2,000 flats worth Rs 1,600 crore, at its township project in Thane during its pre-launch phase. The Group received interest from over … READ FULL STORY
Noida Authority will spend over Rs 9,000 crore on development activities including land acquisition, in the financial year 2016-17. The Noida Board, at its meeting on March 14, 2016, approved the proposed expenditure of … READ FULL STORY
To benefit home buyers and developers After a protracted delay, the government finally managed to pass the Real Estate (Regulation and Development) Bill in the Rajya Sabha, on March 10, 2016. It is hoped … READ FULL STORY
Moving ‘The Real Estate (Regulation and Development) Bill, 2015′ for consideration and passage, Urban Development Minister, M Venkaiah Naidu, said it aims to protect the interests of buyers and bring more transparency in the … READ FULL STORY
“We want to buy a home, but prices are still very high and the options in the affordable housing segment remains limited,” says Seema Jain, a housewife. She continues, “The budget this year has … READ FULL STORY
