Taking markets by surprise, the Reserve Bank of India (RBI) governor Urjit Patel, on December 7, 2016, kept short-term lending rates unchanged, even as the central bank lowered GDP growth rate to 7.1% and … READ FULL STORY
Ever since the demonetisation of old currency was announced by the union government, the Indian real estate industry, has been trying to ascertain the cost-benefit analysis of its impact. Those who suggest that a … READ FULL STORY
While there has been a slump in the market across the country, this is the best time to buy, as sales have started to gather momentum again, says Rohit Raj Modi, VP North, CREDAI … READ FULL STORY
In mid-2015, a report predicted a 50% crash in real estate prices. The logic used, was that the rental yield on real estate is very low as compared to the interest rates on bonds. … READ FULL STORY
In view of the cash crunch being faced by borrowers, the Reserve Bank of India (RBI), on November 21, 2016, provided an additional 60 days, for the repayment of housing, car, farm and other … READ FULL STORY
The collection of taxes and arrears by urban local bodies from citizens, in the form of demonetised currency notes, crossed the Rs 1,000-crore mark, on November 21, 2016. The time for accepting demonetised notes … READ FULL STORY
An analysis of data from the Ministry of Urban Development, for 22 corporations across the country, revealed that there was 312.04% increase in revenues in November 2016 (till 19th November), over the receipts they … READ FULL STORY
Commenting on reports of a likely huge slide in prices of property in the coming months, due to the anti-black money drive of the union government, Niranjan Hiranandani, managing director of the Hiranandani Group … READ FULL STORY
The union government’s recent decision to demonetise Rs 500 and Rs 1,000 notes, has hit stamp duty collection in Maharashtra, which is already down by 37% across the state, the Inspector General of Registration … READ FULL STORY
When it comes to tackling black money, three measures introduced by the government, are expected to make the real estate sector more transparent and bring in long term confidence in the market. These measures … READ FULL STORY
The demonetisation of Rs 500 and Rs 1,000 notes, is likely to result in an immediate reduction in cash transactions, in the real estate sector. Buyers are expected to shift towards more legitimate transactions, … READ FULL STORY
The three corporations of south Delhi, east Delhi and north Delhi, are accepting property tax dues and conversion charges in demonetised notes, resulting in a rush of property owners in November, which is normally … READ FULL STORY
