PropTiger.com and Housing.com, two of India’s leading online real estate service providers, today announced they will come together to become India’s largest online real estate services company. As part of the transaction, REA Group … READ FULL STORY
Legislators from Mumbai’s suburban districts, on January 9, 2017, opposed any hike in the Ready Reckoner rates, during a meeting called by Collector DS Kushwa. Only three legislators – former minister Mohammed Arif Naseem … READ FULL STORY
The Madras High Court has refused to relax the ban on the registration of unapproved plots in Tamil Nadu, saying that the whole endeavour was to untangle the mess created by indiscriminate conversion of … READ FULL STORY
The year 2016 was an interesting one for real estate markets. A number of initiatives, like the passage of the Real Estate Regulatory Bill in March 2016, amendments to REIT guidelines in budget 2016-17 … READ FULL STORY
“Demonetisation has impacted the resale market, which is otherwise flush with transactions involving black money or unaccounted cash. Consequently, the number of transactions in the secondary market has come down,” explains Vijay Gupta, CMD, … READ FULL STORY
A survey by Track2Realty in 2014, among NRIs, HNIs and other wealthy and influential investors, found that Singapore, Malaysia, New York, Sydney, UK (London) and the Middle East (Dubai), were the preferred destinations for … READ FULL STORY
According to a report by property consultant Cushman & Wakefield, in 2016, the supply of retail space touched a five-year high to 5.3 million sq ft across eight cities. “Retail mall spaces have seen … READ FULL STORY
The substantial cut of 0.90% by the State Bank of India in its marginal cost of funds-based lending rate (MCLR), has created a lot of interest amongst the general public and borrowers, in particular. … READ FULL STORY
The residential market continues to witness a slowdown but commercial real estate has turned around, thanks to the improvement in business sentiment since last year. Traditional sectors like IT-ITeS, banking and financial services, continue … READ FULL STORY
Pointing out that the maximum damage to mangrove areas, have taken place in Colaba, Worli and Malvani, the Mangrove Cell of the Maharashtra government is likely to start fencing these areas by February 2017. … READ FULL STORY
Prime minister Narendra Modi’s new year’s eve announcement, on interest subvention for housing loans for the poor and the middle-class, was soon followed by rate cuts by various banks, including the government-owned State Bank … READ FULL STORY
The Indian property market has always been quite attractive for non-resident Indians (NRIs). The only concern, has been with the opaque nature of the business, with its lack of information and scientific process of … READ FULL STORY
A vast majority of home buyers (as many as 74%), dismiss the possibility that recent policy changes, could lead to price corrections in the housing market. In fact, prospective buyers and sellers across the … READ FULL STORY
