Despite all headwinds within the residential sector, real estate continues to be the first choice for investments for a majority of investors. In a recent ANAROCK-LIC survey, a whopping 59% participants preferred real estate over other asset classes such as the stock market, FDs and gold. A year ago, in […]
Report Suggests That Residential Units Under One Crore Gains Momentum
Even though the overall performance of the Indian real estate segment is muted, sales of units under Rs 1 crore have witnessed a remarkable momentum, revealed a report by credit ratings agency ICRA. Developers are acknowledging the trend of increase in the sales of units and are reconfiguring or designing […]
A Difficult Procedure
The affordable category has been the saviour of the housing sector, which is experiencing its worst phase in the past five years. One major hurdle faced by lower middle class and EWS citizens is the cumbersome procedure in getting construction plan approved by local authorities. Since it is mandatory to […]
Making It Inexpensive
On the eve of presentation of the State Budget by Chief Minister B.S. Yediyurappa (on March 5), stakeholders and experts met him and gave suggestions related to the real estate sector in Karnataka. Presently there is a uniform stamp duty of 5% on immovable property sales/transfers in the State. It […]
Residential Market Slows Down And HNIs Flock To Commercial Properties
Last year, a Delhi-based high-net-worth individual (HNI) bought a 29,495 square feet commercial property in the Raheja Titanium complex in Goregaon East, Mumbai. The seller was based out of Kenya. Similarly, a tech-based fund bought 48,000 sq ft and 7,721 sq ft at the L&T Seawoods in Navi Mumbai and The Capital […]