The drop in the value of the rupee against the US dollar, can be seen as an investment opportunity for individual buyers, as well as institutional investors, according to real estate experts. “Over the … READ FULL STORY
Cost of construction for a residential apartment, in a mid-rise building in Mumbai, is the highest among the top urban centres in the country at Rs 3,125 per sq ft, according to a report. … READ FULL STORY
New Delhi’s Connaught Place has moved one position higher, to become the ninth most expensive office location in the world, with an annual rent of USD 153 per sq ft, according to property consultant … READ FULL STORY
The Ministry of Housing and Urban Affairs, on June 12, 2018, increased the carpet area of houses eligible for benefits under the Pradhan Mantri Awas Yojana’s (PMAY’s) credit-linked subsidy scheme (CLSS) to 160 sq … READ FULL STORY
The Maharashtra government, on April 25, 2018, approved the Mumbai Development Plan 2034. While the real estate sector welcomed the plan, others have expressed concern over its impact on infrastructure. The research wing of … READ FULL STORY
Hyderabad continues to remain one of the most affordable residential markets for buyers in both, premium/luxury segment, as well as high-end/mid-end segments, according to a report by CBRE South Asia Pvt Ltd. The report, … READ FULL STORY
Owing to cultural upbringing and high property prices, 82 per cent Indian millennials still live with their parents, with a majority of millennials still aiming to own a quality home. This was part of … READ FULL STORY
There were no major direct announcements related to realty sector, in the Union Budget 2018-19. However, there is an expectation in the market that the efforts made by the government, could boost the real … READ FULL STORY
Citing surging inflation numbers, the Reserve Bank of India (RBI) left the short-term lending rates unchanged at 6 per cent, in its monetary policy review, on October 4, 2017. “In the present macroeconomic situation, … READ FULL STORY
Various criteria, including transparency of projects and affordability, are attracting consumers looking for buying properties this festive season, rather than the traditional freebies and schemes, experts say. “Traditionally, the festive season has been considered … READ FULL STORY
According to a study conducted by CBRE south Asia, on leasing activity for prime office space across eight cities, 10 million sq ft was occupied in Q2 2017, registering a 28 per cent growth … READ FULL STORY
With the advent of GST and RERA, developers will now have to adopt higher standards of performance, compelling them to invest in project management, say experts. The government enacted the Real Estate (Regulation and … READ FULL STORY
Under the Goods and Services Tax (GST), the effective tax on under-construction projects has gone up to 12 per cent, which is an increase of 6.5 per cent. The actual GST rate is 18 … READ FULL STORY
