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The recent Interim Budget for 2024 has sent ripples of optimism through the real estate sector, as industry leaders commend the government’s strategic focus on infrastructure development, affordable housing, and economic revitalization. The budget’s provisions, coupled with a cautiously optimistic outlook, have set the stage for potential transformation and growth in the real estate market. This article explores the insights shared by key figures in the industry, shedding light on the anticipated impact of the budget announcements.
The Interim Budget’s emphasis on infrastructure development and affordable housing emerges as a beacon of hope...
Rera authorities in states like Uttar Pradesh, Maharashtra, Haryana, Madhya Pradesh and Karnataka are disposing off a large number of consumer complaints.
UP-Rera itself has disposed off around 10,520 complaints out of the 17,919 complaints filed. Maharashtra also disposed off nearly 65% of the complaints it received as on November 11, 2019. But these orders are not getting implemented as enforcement is a challenge.
So, how can you get your Rera order implemented?
Rera provisions
A builder is given 45 days to execute a Rera order and comply with its direction. But in many cases the orders are not complied by the developer. In such cases,...
Bengaluru's real estate segment is getting its mojo back. The city has a huge stock of homes ready for possession and it could be the season's best buy ever, say property pundits.
The city's dynamic property market is trudging back to its former vibrancy, going by the recent data shared by property consultants especially w.r.t ready-to-move-in homes in Bengaluru. The stock of ready-to-occupy residential units across different pockets of the city is up for grabs for home-seekers who desire to own one instantaneously. Not to forget, the end-of-the-year festive fervour has added to the optimism among developers of these ready homes as well. As...
Invest or repay? This is a question that never has an off-season. Here's an example. A reader mailed me, saying that he has a housing loan on which he is paying an interest of 11% a year. There's no problem—he is able to pay the EMI comfortably out of his income. However, he now finds that he also has some cash accumulated which he can invest. He wanted to know what was the better option: Repay some of his housing loan before schedule, or invest the money in an equity mutual fund for the long-term.
This is not an uncommon dilemma. In fact, it's possible that practically every salary earner who takes a housing loan faces it at some point....
Price of a property, acquired by civic body, was inflated to benefit former owner who had sold the land more than a decade ago
The Anti Corruption Bureau (ACB) has launched a probe into an alleged scam involving the issuing of Transferable Development Rights (TDR) by the civic body for road widening projects. Police teams on Friday raided the offices and residences of three people, including an executive engineer who was with BBMP at the time of the alleged scam. The engineer, Krishnalal, is currently with the Bangalore Development Authority (BDA).
On April 11 this year, the ACB registered an FIR against six people regarding an instance...
Bengaluru has emerged as one of the metros with a robust real estate industry. Over the last two decades, the city has been witness to a residential boom where each one wants a dwelling. The property market comes with risks attached and the prime concern is "how clean are my property papers."
For the record, to keep pace with the rapid urbanisation, Bengaluru has been growing on tank beds, lakes, storm water drains and green belt, not to forget the buffer zones earmarked in the city's Masterplan where any development is a strict No No. Bengaluru has grown beyond the villages and towns and plans are afloat to create two-tier cities around the...
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