| Madhapur high-rise in govt crosshairs |
| " Hyderabad: A private residential complex standing tall in Madhapur has been built on government land flouting all norms and will be taken over by the government in the next few days, senior officials of the revenue department said. "
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| Realty Stocks Take a Hit on Hubtown, HDIL Downgrades |
| " The cuts follow reports of defaults by Mumbai cos ; HDIL asks agency to review and restore its rating
Reality has come back to hit more and more builders. Two leading Mumbai developers – Hubtown (formerly Ackruti) and Housing Development and Infrastructure, or HDIL, have been downgraded by credit rating agencies following reports of defaults on borrowings. "
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| DLF Gets Back to Business as Bebt Concerns Recede |
| " DLF, India’s largest real estate company, is slowly nursing itself back to health after concerns over its massive debt (. 23,000 crore last year)and lack of new launches have begun to recede. "
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| Soon property registrations just a click away |
| " GO To Be Issued Soon Anywhere Registration’ Will Ease Out Jurisdictional Restrictions.
Hyderabad: Now, property registrations in Hyderabad could well be a click away. With the stamps and registrations department set to issue an ‘anywhere registrations’ order, property owners and developers from the city can register their homes and projects online-sitting in the comforts of their drawing rooms or offices. "
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| Why 2013 is Important For Real Estate |
| " Year 2013 will bring a paradigm shift in the real estate sector in terms of policies and regulations, as most of the bills that have been pending for the last few years are expected to be passed in Parliament in the coming quarters. PRABHAKAR SINHA writes. "
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| Lodha to Sell Lower Parel Project through IPO Model |
| " An initial public offer for buying residential apartments? Yes, you’ve read it right. Mumbai-based Lodha Group is using an innovative IPO allotment-like automated algorithm system to sell apartments at its latest 17.5-acre premium project at Lower Parel in central Mumbai. "
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| A Review of India Real Estate in 2012 |
| " The year 2012 was a sluggish year in terms of economic growth, largely because of high interest rates and poor industrial production. Indeed, the index of industrial production rose by just 0.4 percent in April-August 2012, as compared to 5.6 percent in the same period of 2011. Manufacturing activity, which contributes significantly to India's GDP, also took a big hit in 2012. Inflation remained high, impacting sentiments and investor interest across businesses – including real estate. "
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| Deviations in apartment complexes anger owners |
| " Hyderabad: Members of apartment owners’ associations and societies are up in arms against their proprietors as deviations from approved constructions plans are increasingly becoming common, at the cost of shared space and utilities. "
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| Xander to buy 35% in Indiabulls Realty Co |
| " The real estate private equity arm of global investment firm Xander Group is close to acquiring a 35% stake in a unit of Indiabulls Real EstateBSE -2.55 % for 1,000 crore, according to a person involved in the deal.
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| Stage set for steep hike in property tax |
| " Residential Property Owners May Have To Pay Up To Rs:5 More Per Square Feet.
Hyderabad: The stage is set for steep hike in property tax, both residential and commercial properties, with civic officials likely to issue a draft notification on the proposed rates on Monday, a day before Diwali.
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| Real Estate - October |
| " Leasing activity remained strong in Hitec City. Gachibowli is slowly entering the list of preferred locations for office space occupiers with improved connectivity and availability of space. A1-though SEZs remain to be preferred amongst office occupiers, non-SEZ spaces have also witnessed enquires from corporates in September. "
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| Hyderabad housing market all set to grow,say realtors |
| " Hyderabad: Despite an over 50% drop in business during the economic slowdown,the real estate market in Hyderabad has seen a decadal growth of an average 29% between 2000 and 2010.In fact,the National Housing Bank index pegs the markets rise at an impressive 86% between 2007 and 2012,notwithstanding the turbulent times the city has seen in between. "
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| A Way of Life |
| " Afew years back, the thought of investing in a green home was perhaps in its nascent stage. Today, with the growing awareness and increase in the number of green residential buildings, buyers are more open to the idea. Going green has become imperative. "
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| DLF Independent Directors in the Dark pver Vadra Deals |
| " Independent directors of DLF have said the controversial transactions between Robert Vadra and India's largest realty firm were not discussed by the board and if allegations of easy loans and cheap deals are proved, they should be probed. "
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| Raymond's Real Estate Sale Stymied as Talks Fall Apart |
| " The talks for a land transaction between textile major Raymond and a local developer for the former's 9.4 acre in Thane for nearly Rs-140 crore has fallen through,said persons familiar with the development. "
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| Should you switch your home loan after SBI's rate cut? |
| " One should first negotiate with one’s current lender for an offer similar to SBI’s , failing which one can approach another bank. "
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| REALTY RUNS DRY OF SKILLED STAFF |
| " India's urban population is likely to increase by 36 percent over the next decade,resulting in an exponential rise in the demand for houses,retails and commercial space. "
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| ASSET ALLOCATION CAN EASE HOME LOAN COST |
| " Should you liquidate your equity assets to make a prepayment on your home loan? "
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| FOR HOME BUYERS Knowledge about the industry is important for a composed buying experience |
| " While buying a house symbolised financial security, stature and stability in one's life, nowadays it is often treated as a burdensome routine which is put off for as long as possible. "
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| SBI cuts interest rates on home, auto loans |
| " Home and auto loans are set to become cheaper with the country's largest lender State Bank of India announcing its decision to cut lending rates by up to 50 basis points effective August 7. "
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| Property tax set to go up from Oct 1 |
| " Properties in areas where all civic amenities are in place will have to pay more property tax from October 1, 2012. "
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| Why a Property Fire Sale won't Happen |
| " When do you put your home on the block and move to an inexpensive destination? When do you look for a buyer for your second home? Only when you fear losing your job "
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| Realtors rule out settlement in Kokapet land dispute case |
| " Wednesday's AP high court order on the 1,635 acres of prime land in Kokapet, passed in favour of the state government, has failed to bring much cheer to developers who had bought 100 acres of this land in a muchhyped auction in 2006. "
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| Realty Cos may Report Flat Growth This Time |
| " Both residential & commercial markets witnessed low absorption in June quarter, The realty market was more or less subdued during the quarter ended June 2012. "
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| FINDING HOME |
| " Buying property is an expensive investment with many factors to be considered. "
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| REAL VALUE IN A CHANGING WORLD |
| " A birdseye view of current realty and infrastructure market trends in Hyderabad "
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| PREPAYMENT PENALTY RELIEF |
| " With the RBI directing the banks to forgo penalty on pre-payment of home loans, the move is likely to provide a breather to borrowers "
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| REDEFINING REALTY SPACE |
| " Construction companies today have detailed building portfolios with commercial projects, multiplexes and malls "
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| Another residential project stuck in legal hassles |
| " The Malaysian Township (Rain Tree Park) in Kukatpally, currently under the Income Tax (I-T) scanner, is not the only APHB-IJM (India) Infrastructure Limited joint venture that seems to have hit a rough patch. "
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| Home loan subsidy extended, Following the extension, the limit of subsidy would be Rs.14,912 for a loan of Rs.15 lakh and Rs.9,925 for a loan of Rs.10 lakh |
| " The government on Wednesday announced that the one per cent interest subsidy scheme on housing loans of up to Rs.15 lakh, where the cost of the house does not exceed Rs.25 lakh, would continue for one more year. "
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| HMDA hunts for illegal plots |
| " Survey to identify illegal constructions. New metropolitan commissioner Neerab Kumar Prasad has directed zonal officers to enumerate all unauthorised layouts, industrial buildings, warehouses, godowns etc, and issue notices. "
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| Malaysian Township residents to sue builder |
| " The owners association of Malaysian Township (Raintree Park) at Kukatpally, Hyderabad, has decided to approach the courts following a property attachment notice issued by the income-tax department to the Swarnandhra IJMII Integrated Township Construction "
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| Go-green plans put on hold |
| " While the high-end green products find takers among companies who see longterm incentive in it, the slowdown has forced most others, especially the crucial residential construction market, to spend less on such eco-friendly products. "
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| State police clueless about its land status |
| " The state police department is clueless about how much land it owns across the state and what is its current status. "
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| Home Sales Drop as Property Prices Rise Faster than Salaries |
| " Have you heard of anyone buying a home in the last few months? Most likely not. And those you know were planning may tell you they postponed plans, especially after poor salary increments this year. "
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| Realty Slump No Dampener, ASK Property Manages to Raise Rs.1,000 cr |
| " The real estate private equity arm of diversified financial services company ASK Group, has raised Rs.1,000 crore from domestic investors at a time of increasing risk aversion for realty deals. "
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| GET THE BEST PRICE FOR YOUR HOUSE |
| " Comprehensive information on tax and economics of selling a house will ensure you get a good deal. Of course, it is not easy to sell a house where one has lived for decades. If that is so, why do people sell their houses? "
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| KEEP YOUR HOME LOAN COST LOW |
| " You need to ensure your total cost of loan is kept to the minimum. Servicing a home loan is a high value and long-term financial commitment. Therefore, it requires a lot of financial planning and discipline from the borrower to service the home loan EMIs and manage other financial commitments regularly. "
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| What is the real estate scenario in Hyderabad |
| " What is the real estate scenario in Hyderabad and its projection in the future? Is it a good time for an investor to invest in this market? "
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| DEMYSTIFYING PROPERTY JARGON |
| " Most of us are still a little unsure what exactly terms like super-built up and carpet area indicate. If you are planning to buy a residential or office space, a sound knowledge of these terms will ensure that you do not pay through your nose. "
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| Banjara Hills: Land dispute capital of AP, Vacant Land Of 140 Acres In Banjara Hills Worth As Much As Rs.3,000Cr Under Litigation |
| " The prime area of Banjara Hills is the litigation capital of Andhra Pradesh, what with vast tracts of disputed land here. Vacant land measuring up to 140 acres in different parts of Banjara Hills and worth as much as Rs 3,000 crore is presently under litigation. "
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| Hudco prefers land as collateral, not STPs |
| " With the Housing and Urban Development Corporation (Hudco) refusing to accept assets such as sewerage treatment plants (STPs) and reservoirs as collateral, the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWS&SB) "
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| Secretariat Colony turns into hub of illegal apartments |
| " Real estate activity in the core city could still be on shaky ground but in the expansive Secretariat Colony in Puppalguda, astone'sthrow awayfrom the multi-croreLanco Hills project, apartment complexes are springing up by the dozen. "
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| Should you trust property brokers? |
| " Last year, Santosh Narula, 38, a flight dispatch manager with IndiGo Airlines, decided to buy an apartment. He was reluctant to approach the usual neighbourhood brokers, given their dubious reputation. "
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| GHMC may lose JNNURM funds as many projects lie unfinished |
| " Though the stage is set for rolling out the second phase of Jawaharlal Nehru National Urban Renewal Mission (JNNURM), projects worth nearly Rs 800 crore sanctioned under JNNURM-I have not been completed yet by the Greater Hyderabad Municipal Corporation (GHMC). "
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| BUYING A FLAT ON THE TOP FLOOR? |
| " The topmost floor flats in an apartment building are usually the last to be sold. What are the possible positives and negative of occupying such a flat? "
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| GET YOUR HOME TO LOOK NEW AGAIN |
| " If your house is profusely leaking from the ceiling, walls, plumbing lines, or if the paint is peeling, if the plastering is cracking, your house is definitely due for retrofitting and renovation of interiors. "
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| RBI bans foreclosure charges on home loans |
| " Discrimination between interest rates charged for new and old home loan borrowers is set to shrink with the Reserve Bank of India stating that customers can freely shift loans without incurring pre-payment charges. Fear of losing borrowers is expected to force lenders to bring down interest rates uniformly. "
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| Get HMDA land lease on easy terms! |
| " CCS Probe Exposes Dubious Land Deals At Moosapet. If you have an identity card and an authorization letter (no matter if they are fakes), you can enter into an agreement with the Hyderabad Metropolitan Development Authority (HMDA) and corner land worth crores of rupees on lease. "
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| Manage Finances to work around inflation |
| " The inflation rate has a direct impact on realty. It's nod difficult to see the correlation between the two. The persistent high inflation rate in India during the last three years or so has had an impact on the realty sector. "
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| Wakf Board all set to resume encroached land in Malkajgiri |
| " SC Dismisses Mutawalli's Plea; Uphill Task Ahead For Board, The AP State Wakf Board is planning to resume Koh-e-Imam-e-Zamin Dargah property in Malkajgiri in the city following the Supreme Court on Tuesday "
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| Construction activity in full swing after SC relief in Wakf land case, Work at Lanco Hills project picks up |
| " Work at Lanco Hills in Hyderabad, one of the most sought-after property developments, has begun full throttle after the Supreme Court's recent observations in the litigation between the government of Andhra Pradesh and the Wakf Board over the Manikonda land. "
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| How the South Escaped the Real Estate Bubble |
| " Delhi and Mumbai real estate is far more speculative and investor-driven than in the South. Property markets in Bangalore and Chennai are saner and builders have been more cautious "
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| REAL ESTATE REGULATION BILL NEEDS TWEAKING |
| " Is the real estate regulation bill a boon, or a bane, for homebuyers? By penalizing developers for cost and time overruns and leaving out government agencies responsible for granting approvals from the ambit of the regulator, does it really enhance the cause of the sector? "
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| Jubilee Hills struggles to fulfil realty potential |
| " Apart from being a plush neighbourhood, Jubilee Hills is also touted as a hot commercial destination by both retailers and corporate bigwigs. "
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| Govt quarters all but officially ready |
| " 224-Apartment Complex At Malakpet Constructed At A Cost Of 55 Crore. For the first time in nearly five decades, a new apartment complex (three-room tenement type) for providing accommodation to government employees has come up at Malakpet. "
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| Commercial Realty Mkt Faces a Tough Time |
| " Office space absorption across the country's seven largest cities drops 12% quarter-on-quarter in January-March 2012 "
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| Homes cheapest now: HDFC |
| " Housing may be perceived to have gotten very expensive at the current skyrocketing levels, but data compiled by mortgage giant HDFC Ltd. shows that home prices are near their most affordable level in over three decades. "
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| House property is a productive asset |
| " Ram Sharma is a 39-year-old manager in a Hyderabad-based apparel designing company based. He is unmarried and wants to remain a bachelor for the next five years. He is the only child of his parents, who are independent. "
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| C0-0P BANKS TOLD TO DOUBLE HOME LOAN CAP |
| " In a bid to promote housing for low income groups in major cities, Reserve Bank directed urban cooperative banks to double the limit for home loans to Rs.10 lakh for consideration under priority sector lending. "
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| Panel to be set up on property tax |
| " The Greater Hyderabad Municipal Corporation (GHMC) will set up an advisory committee to conduct a comprehensive survey on properties, both residential and commercial, in its limits for rationalisation of property tax. "
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| Govt okays changes in divorce law 50% share to woman in residential property |
| " This is the first time that a woman's share in marital property has been made part of the marriage legislation. So far, the wife's right to property was recognized but alimony and compensation were decided by the courts. "
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| PROPERTY TAX ON GHMC MEET'S AGENDA |
| " The proposal to hike property tax, complaints regarding poor sanitation and irregular clearing of garbage, and slow progress of civic infrastructure works are among the issues likely to rock Saturday's general body meeting of the GHMC. "
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| Real estate boom leaves Hyderabad high and dry |
| " The massive real estate boom that pushed Hyderabad to prominence among global investors also sucked the city dry of its water content. With drilling machines digging deep into the ground to lay foundations for the dozens of high-rises that have sprung over the last decade "
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| Prelaunch Sales Believed to Inflate Capital's Real Estate Prices |
| " Experts blame developers practice of prelaunch sales for high real-estate prices in the national capital region despite slowing demand for houses. "
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| Digitised records of wakf property not in sight yet |
| " AP State Wakf Board prides itself as one of the biggest wakf boards in the country, with a large number of wakf properties. Incidentally, the state also holds the dubious distinction of having the largest acreage of wakf institutions under illegal occupation. "
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| TIME IS RIGHT FOR REALTY INVESTMENT |
| " With costs of construction going up, the sooner you buy property, the better it works out as an investment, says V NAGARAJAN "
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| Civic bodies get nod for property tax hike |
| " Citizens should brace themselves for an increase in property tax now that municipalities and municipal corporations across the state have been given a free hand to revise the tax on residential as well as commercial property. "
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| How to save tax while selling a house |
| " Avoid the hefty tax outgo on your capital gains by making the sale at the right time and investing the proceeds in suitable avenues. Timing is critical in finance, especially if you want to make a profit. "
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| REVISION OF PROPERTY TAX |
| " What will be the implications of the impending proposal to hike property tax rates for developers and home buyers? "
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| Uncertainty over GO 45 grounds over 100 realty projects in state |
| " With the state government putting the crucial GO-45 on the backburner, more than 100 realty projects across the state are in a limbo. Uncertain about the likely amendments to be made to the GO, developers rue that they have no choice but to put on hold their ventures that were slated to take off last year. "
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| REALTY GAINS GROUND BEYOND METROPOLITAN CITIES |
| " At a time when builders in metros and tier-I cities are staring at falling sales and rising supply, tier-II and tier-III cities are doing quite well - both in terms of demand and prices, Team Times Property reports "
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| QUALITY RANKS HIGH |
| " The Times Property Home Affair 2012 provided an excellent opportunity for real estate players in the city to network with buyers and showcase their contemporary properties "
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| TRACK OFFERS TO GO FOR SUITABLE SCHEME |
| " The Reserve Bank of India (RBI) declared a 50 basis point (0.5 percent) cut in its policy interest rates - repo and reverse repo rates - in the annual credit policy for this financial year. "
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| MARKET CONDITIONS FAVOUR HOME BUYERS |
| " The Hyderabad residential property market witnessed relatively lower sales this quarter, but the market is slated to pick up in the next few months. "
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| At Rs.985 Crore, Office Deal is Biggest |
| " Biggest commercial transaction to see banking major housing local headquarters. In a dismal real estate market, US banking giant Citigroup on Tuesday closed the biggest commercial property deal. "
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| Home Buying Made Easy |
| " If you are ready o wait, can take medium to high risk, you can go for an under construction home "
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| House That? 50 bps Cut Ain't Much |
| " India's housing market won't catch fire after RBI's big rate cut this week. But clean up the rules, and housing will be in a long, real boom. Prospective home buyers in India are unlikely to even blink, let alone give a thought, to hinging their purchase decision on the 50 basis points (bps) rate cut announced by the Reserve Bank of India on Thursday. "
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| A READY-TO-MOVE FLAT? Do serious buyers prefer ready-to-occupy flats? |
| " Are serious buyers in realty market keen on ready-to-occupy flats or are they OK with projects where they have to wait for months or years to get their dream homes? "
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| PLAN LOAN WELL TO MANAGE EMIS, The key to efficient financial planning is borrowing smartly |
| " Prospective homebuyers must put in some diligent homework before finalising on a lender. Selecting the right lender is as crucial as selecting the right property itself. "
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| Then and Now, the real estate story of indias tier II and III cities. |
| " The demand fundamentals of the India story are now focused around all cities that have sufficient economic activity, be it industrial, service sector-driven or incentive-driven programs by the State Government. "
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| Home loans to get cheaper as RBI cuts key rate after 3 years |
| " Home and auto loans are expected to become cheaper with the Reserve Bank of India cutting interest rates on Tuesday for the first time in three years by a morethan-expected half a percentage point aimed at boosting the sagging economy. "
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| Push for prime property drives city real estate recovery |
| " Land rates for prime locations are showing an upward trend with residential segments, particularly in Jubilee Hills and Banjara Hills, seeing rates hover around Rs 60,000 to Rs 80,000 per sq. feet. For commercial areas the same can go up to Rs 1 lakh or Rs 1.25 lakh per sq feet. "
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| Property tax to go up from May 1 |
| " Citizens should be prepared for a hike in property tax from May 1. Indications to this effect were given by GHMC commissioner M.T. Krishna Babu when he asked the tax wing officials to be prepared for the "general revision of property tax" to be conducted from May 1. "
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| Is the Property Market Headed for a Hard Landing? |
| " In 1959, Charles E Lindblom, the American political scientist, published a paper in the Public Administration Review - The Science of "Muddling Through". In this, he contrasted what he called the "root method" of decision-making with the "branch approach". "
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| Lukewarm response to Layout Regularisation Scheme |
| " Though civic bodies started receiving Layout Regularisation Scheme (LRS) applications afresh three months ago, there has been lukewarm response from plot owners. Officials attribute the poor response to 20% surcharge imposed on the penal amount "
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| INVEST EARLY FOR BETTER YIELD |
| " Some tips for those planning to invest in property. Amajor dilemma many property investors face is the percentage of disposable income that should ideally be set aside for property as part of the portfolio. "
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| AVOID DELAYS Unnecessary delays in buying property for end use could result in inflated costs |
| " Apragmatic budget with limited sops for real estate is like watering a plant with a spoon to revive the dying plants; however, it is open for discussion if the sops carved out in the budget will be a game changer for the sector "
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| Wary of Under-construction Projects, Buyers Choose to Go for Ready Homes |
| " Price difference between ready and under-construction houses climbs to 35%. Six months ago, Amish Kapoor turned down an offer from a Noida-based broker for a ready apartment, saying it was priced more than the market. The 30-year old, who works as a flight steward with an international airline "
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| Property tax, water tariff to be lowered |
| " Bowing down to extensive protests by consumers, the Greater Hyderabad Municipal Corporation and the Water Board have decided to reduce the hike effected in property tax for commercial establishments and domestic water tariff in the city. "
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| City sitting on wakf land |
| " The city owes much of its glitter to wakf land. Be it the modern-day buildings in Cyberabad or the world class international airport at Shamshabad, they are all sitting pretty allegedly on age-old wakf properties as per records. "
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| Settle land row with Wakf Tribunal: HC to state, MNCs |
| " In a ruling that will have far reaching impact, the AP High Court on Tuesday refused to entertain petitions that challenged the power of the AP State Wakf Board in notifying 1,650 acres in Manikonda village of Rangareddy district as wakf land. "
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| PROPERTY UNDER TAX NET FROM DAY OF PERMISSION |
| " The basis for inclusion of new properties within the "property tax net" will begin the day the permission for a building is issued by the urban local bodies. This rule will come into effect from April 1, 2012. "
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| Come Oct, TDS Slips to be Must for Registering Property |
| " After imposing a 1% tax deduction at source on property transactions above a threshold, the government plans to make it mandatory for people to show proof of this tax payment to get their properties registered. "
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| Dont Buy that Dream House you cant Afford |
| " Buying a home may be an emotional issue, but given the high prices and steep interest rates, staying on rent may be a wiser option, says Madhu T "
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| Registering property now just a click away |
| " Come May, property owners can book a slot at the subregistrars office for registering property instead of having to stand in the queue for his or her turn to meet the sub-registrar. Heralding an era of online registration on the lines of slot booking for passport applications "
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| Why you should register your property |
| " The process not only provides legitimacy of ownership but also allows you to carry out transactions in the future "
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| 6 LAKH TO BENEFIT SBI Offers Switch to New Home Loan Rates |
| " State Bank of India will permit home loan borrowers to shift to lower interest rates. The move is aimed at strengthening customer bondage and can also lead to gains for millions with mortgages if rivals match the gesture. "
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| Budget 2012: Spell affordable housing policy to benefit from ECB availability |
| " Budget 2012 announced that external commercial borrowing (ECB) can be sourced for fothre low-cost housing sector. However, industry majors, spea king at Budget India 2012 "
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| Citys IT hub to be on fast lane soon |
| " Residents of Industrial Area Local Authority (IALA) in Madhapur, Gachibowli and surrounding places will have a smooth ride soon with the AP Industrial Infrastructure Corporation (APIIC), Greater Hyderabad Municipal Corporation (GHMC) and Roads and Buildings (R&B) deciding to develop nine major roads. "
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| Buying a house? You need to cut TDS |
| " The Centre has proposed several measures like including income-tax return assessment of up to 16 years with regard to assets held abroad and tax deduction at source (TDS) on transfer of immovable property and gold purchase to check black money. "
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| HMDA takes back land from Gupta |
| " Hyderabad Metropolitan Development Authority on Friday took back possession of 24.23 acres of prime land at Moosapet, given on lease to DLF-SBPL, allegedly owned by controversial city-based builder G.S. Gupta and others. The land is worth Rs.300 crore. "
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| Its time to home in on that cheap loan |
| " Home loans could get cheaper with the Budget proposing to undertake a number of measures to boost this sector. An insurance against defaults, additional refinance and an extension of interest subvention on low-cost homes are some of the measures that will drive home loans. "
..More |
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| FM ignores ground realty: Builders |
| " Predicting an escalation in property prices, top players in the realty sector said they had been ignored by the finance minister. "
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| Home-buying now more TDS |
| " Purchasing an immovable property generally involves running from pillar to post. Now, a home buyer (and seller) will need to run to the bank to deposit TDS. The FM has proposed TDS on transfer of immovable properties (other than agricultural land) at the rate of 1% where the sale consideration exceeds the specified threshold. "
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| It Cos Save On Office Rents To Weather Slowdown Strom |
| " A rising number of information technology firms are consolidating and re- aligning leased office spaces across the metros, hoping to save their rents and operating cots that will help them sail through the global economic storm. "
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| Unitech Eyes Rs250 Crore Sales Realisation from Bangalore Project |
| " Real estate major Unitech on Monday said it eyes a sales realisation of about Rs 250 crore ver two years from a luxury housing project in Bangalore. The company announced the launch of its luxury villas in the 15-acre project. The villas sizes range from 4,319-7,000 sq ft. "
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| HDFC Property in Talks to Invest $55m in Bangalore Project |
| " HDFC Property Ventures is in talk with Embassy Property Developments to invest $55 million (Rs. 275 crore) in a new residential project in Bangalore. "
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| Cracks in DLF Alone or the Real Estate Sector? |
| " Last September, Veritas Investment Research created a flutter when it predicted Kingfisher Airlines was on the brink of bankruptcy. A couple of weeks ago, the Canadian research firm claimed DLF is “a crumbling edifice." "
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| HMDA turns blind eye to illegal layouts on outskirts |
| " A large number of unauthorized layouts have mushroomed in the last few years on the suburbs of the state capital, particularly within Hyderabad Metropolitan Development Authority (HMDA) limits. "
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| Ramky Enviro Plans to Invest Rs.1,500 cr to Expand Business |
| " Waste management services firm Ramky Enviro Engineers Limited plans to invest at least Rs. 1,500 crore over the next three years to expand businesses in municipal waste and recycling verticals where it expects to secure projects and anticipates growth. "
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| TREAT HOUSING AS INFRASTRUCTURE |
| " Real estate developers associations have a number of recommendations for the future growth of real estate, a vibrant sector of the Indian Economy. "
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| RATIO NORMS FOR HOME LOANS |
| " The loan-to-value ratio (LTV) shows how much of a property's value is being financed. For example, assume you buy a home worth Rs 10 lakhs. If your loan is for Rs 7 lakhs, your LTV ratio is 70 percent. The LTV ratio is calculated by dividing the loan by the value of the property. "
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| Hyderabad Real Estate Update Q1 2012 |
| " There has been a marked increase in activity by developers scouting for suitable land parcels for residential development "
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| Thunderstorm Building over Realty |
| " Storm clouds are gathering over Indias real estate sector yet again. March of 2012 would mean that pressures for repayment of loans due only to banks shall mount on the sector. "
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| Kukatpally loses Andhra sheen |
| " Its no more the most preferred ADDA for settlers from Andhra region. Kukatpally truly is witnessing winds of change in its landscape with the influx of Andhra people seeing a considerable drop. "
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| Residential projects on hold, thanks to controversial GO |
| " The state governments failure to take a final decision on the controversial GO 45, issued in January last year, has brought the citys real estate industry to a standstill. "
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| BUDGET 2012, Strong measures will boost investment |
| " The real estate sector contributes significantly to the Indian GDP; a buoyant sector results in cascading positive effects on the economy. The present economic environment has impacted the real estate sector in terms of higher interest costs both for home buyers as well as developers, reduced liquidity due to slower retail sales and high cost of funds. "
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| Gupta, kin leave HMDA poorer by Rs.15 crore |
| " His Company Leases Land, Fails to Keep Promise To Pay 1 Cr Monthly Rent To HMDA. The companies floated by GS Gupta and his family members have not only allegedly cheated DLF but also caused a loss of Rs 15 crore to Hyderabad Metropolitan Development Authority (HMDA). "
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| Assured return schemes |
| " Assured return schemes have long been popular with investors. The term itself means that the investors know beforehand the amount they stand to earn from their investments. "
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| LIMITED SUPPLY |
| " As the resurgence in the demand for commercial space and rent is something to cheer about, there might be shortage in adequate supply in the future predict the experts. "
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| The Rate Edge, How to get the investment mix right |
| " For the real estate sector, 2011 was a year of challenges - slowdown in the economy affected demand for real estate, rising interest costs led to higher cost of borrowing and a liquidity crunch. "
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| Not paying wealth tax on second house |
| " Wealth tax can haunt you on another front-investments in real estate. If you have a second house that is lying vacant, its value has to be included while computing your wealth tax liability. "
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| Selling a house bought on loan within five years |
| " If you thought the reversing of tax benefits on a life insurance policy dumped within three years was stiff, the rule regarding property is tougher. If a house is sold within five years of purchase, the tax benefits availed of under Section 80C for the repayment of the principal also go out of the window. "
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| INVESTMENT CLOSER HOME |
| " There was always the emotional connect, now there is an economic investment side to the decision. NRIs have never been this keen on an Indian residential property investment. "
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| House Panel for Raising I-T Exemption Limit to Rs.3 lakh |
| " Aparliamentary panel scrutinising the proposals of the new direct taxes code hasrecommended a sharp increase in the tax exemption limit on basic income to Rs.3 lakh and on investments to Rs.2.5 lakh. "
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| How to Get the Best Deal when Home Loan Rates Begin to Fall |
| " With three banks, Union Bank of India, Central Bank of India and Bank of Maharashtra announcing their decision to lower home loan rates, it is almost certain that we are heading towards softening of interest rates. "
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| Rel Realty Taps HNIs to Build an LLP Fund |
| " Reliance Realty, part of the Anil Ambani group, is knocking on the doors of rich in vestors for raising a real estate fund that will have the innovative structure of a limited liability partnership (LLP) with investors as partners. "
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| Hit by Rising Home EMI? Heres what You can Do |
| " Building a home is a dream come true for most people. Most of them plan and save for years, as it calls for a large amount. Still, a home loan is what comes as a rescue to many buyers. "
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| Tax Deduction for Housing Loan May be Hiked in Budget |
| " NEW DELHI In a bid to boost housing sector credit, the government is contemplating to enhance income tax exemption for up to Rs.3 lakh paid as interest on housing loans in a year, from the existing limit of Rs.1.5 lakh. "
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| Take top-up loan to prepay your personal loan |
| " These are rates given for loans below Rs.30 lakh for the initial period only. For the
subsequent period, the interest rates vary from bank to bank "
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| PROSPECTS IN THE LONG RUN |
| " I bought a fully furnished 1500 sq ft 3BHK apartment in Mythri Nagar-Kukatpally of, close to metro. How much rent can I expect? "
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| Policy Boost for a Viable Housing Market |
| " The agenda of housing for all is a key component of the governments strategy for making Indian cities inclusive and productive. The shortage in housing is estimated to be around 27 million units, of which a large part pertains to the economically weaker sections and the middle class. "
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| Byzantine Housing Maze |
| " The governments track record so far shows that its policy intentions are pure, but affordable housing is still suffocated by regulations, most of them at the local level "
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| Sitting on a Land Pile, Govt Plans Policy for Sale, Lease |
| " The government, the largest owner of landed property in the country, is preparing a comprehensive land sale policy to raise revenues and check corruption in government-owned property deals. "
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| Solving HRA puzzle |
| " You have taken a home loan and residing in the house purchased with it. Since you are residing in your own house, you will not be able to claim HRA. However, you will be able to claim tax benefits on both, the principal and interest repaid on the home loan. "
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| MA&UD seeks a stringent real estate Act |
| " The municipal administration and urban development (MA&UD) department has urged the Centre to make the proposed Real Estate (Regulation and Development) Bill, 2011 stringent by extending it to even small real estate ventures and development projects "
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| When Renting a Property Makes Sense |
| " Technically speaking, renting out a property that you own is also a form of returns on investment in real estate. It is the "softer" option because you are not doing hardcore buy-&-sell speculation, but rather capitalising on an existing property. "
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| PEs Plan to Exit Large Township Projects |
| " Private equity funds are trying to exit their investments in large integrated township developments where the projects have been stuck for lack of demand or clarity on approvals. "
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| Make an Inventory of Home for Fast Insurance Claim Settlement |
| " Your home is your biggest investment and it is the place where your family shares many memorable moments. However, no matter how many precautions you take, the threat of loss of property from fire, theft, natural calamities or man-made events, like terrorism, are always present. "
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| Is ICICI mall plan transforming into housing complex? |
| " Having failed to take off in the last six years, is the ICICI Venture-led Jubilee Hills Landmark project coming up near KBR Park in Hyderabads plush Jubilee Hills area, turning into a housing complex? "
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| Group Buying Turns a Reality in Commercial Real Estate |
| " Small business owners, traders come together to negotiate better deals, especially with builders trying to reduce inventory in the face of a widening demand-supply gap "
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| Private Equity Investments Soar 75% in Realty |
| " Private equity investments in Indias real estate projects have grown more than 75% over the past year, even as mutual funds and other investors have shunned this sector because of rising interest rates and falling revenues. "
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| SBI Slashes Processing Fee for Bigger Home Loan Pie |
| " State Bank of India took the second major step in three months to draw home loan customers from rivals, cutting by half the processing fee on loans when competitors were contemplating to raise it to offset losses on waiver of pre-payment penalty. "
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| Hyderabad office space sells like hot cake |
| " Hyderabad may have fallen behind Bangalore and Chennai this year when it comes to absorption of office space, but 2012 is slated to put Hyderabad firmly back in the race, according to realty consultancy firm Cushman & Wakefield. "
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| GET YOUR HOME BUDGET RIGHT |
| " Get some tips to help arrive at a comfortable budget for your dream home. Many people do not prefer to cut back on their homebuying expense. 'It's not everyday that one buys a house', is the usual contention. "
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| RECURRING EXPENSES ON PROPERTY |
| " Ahost of periodic expenses towards your house will knock on your door time and again. Borrowers who have stretched their finances to the maximum have to contend with these recurring expenses too. What are these additional post-purchase expenses? "
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| Anytime is a Good Time to Buy a House to Live in |
| " A home for self use should be a priority, say experts, who warn against waiting for a perfect opportunity "
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| FACILITY MANAGEMENT ADDS VALUE TO PROPERTY |
| " Well-planned and structured integrated facility management services can add value to a building, says ANURADHA GANDHI "
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| Bangalore developers in 1,000 cr IT SEZ deal |
| " Southern real estate major RMZ Corp is close to sealing a Rs 1,000 crore, or $200 million, deal to buyout an IT special economic zone Adarsh Prime Projects in the technology hub of Bangalore, said sources privy to the development. "
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| WHEN TO EXIT A REAL ESTATE INVESTMENT |
| " Selling the property as fast as possible in challenging market conditions is a wrong investment strategy "
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| Budget for Interior Work while Buying a Flat |
| " You dont move into a new home often. So ensure the interiors of your flat are done well. Here are some tips to get it right "
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| Builders demand GO 45 revocation |
| " Dozens of realty projects in the city planned on 200-acre areas have failed to take off this year, thanks to a government order (GO 45) issued in January. With builders refusing to comply with the order, which directs them to reserve 20% of built-up area for the economically weaker sections (EWS) and lower income groups (LIG) of society in every project, this land bank is sitting idle for several months now. "
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| Is It Worth Buying An Old House? |
| " Property in the resale market may sometimes be more reliable than new or future projects. Find out the other advantages of buying an existing house "
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| Approved building plans to be displayed |
| " Builders and developers have to display the building plan approved by the GHMC in front of under construction buildings. "
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| PLANNING THE HOUSE PURCHASE |
| " Ahouse is one of the most expensive purchases many make in a lifetime. It means an additional financial burden month after month, towards the loan repayment through the tenure of the loan. Planning your finances well will help make repayments easy. "
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| GROUND REALTIES We decode some common misconceptions associated with investment in land |
| " Buying land can be a timeconsuming and expensive affair. Not only can the initial phase of buying it be quite complicated, but the cost involved in maintaining a purchased plot can also be quite high. "
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| Let Out Your Property to Cos for Steady Income |
| " Corporate leases may cap your gains a bit, but safety and timely rental payment would make up for the minor blip. Putting a house on rent is an emotional decision for many individuals. They get sick worrying about the kind of tenants they may get, and also how they would take care of the property and so on. "
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| Study Real Estate Market Cycle to Make Profitable Entry & Exit |
| " Real estate is not a 'get-richquick' investment route. It pays off only when one invests in a property for at least 3-4 years. Even with a long-term investment horizon, one needs to have a clear exit strategy in mind before buying real estate as an investment. "
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| NHB Planning to Raise Rs.4,500 Crore and Rs.250 Crore through Bonds at 9.37% |
| " Housing finance regulator National Housing Bank (NHB) on Wednesday said it will raise about Rs. 4,500 crore this fiscal to fund housing activities. "
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| Govt cancels illegal layouts in RR district |
| " Hyderabad: The decision to cancel 227 illegal layouts which had deviated from GO 111 in Ranga Reddy district has caused huge uproar among the real estate developers and buyers. The cancellation would apply to layouts and illegal constructions which are under the purview of Himayatsagar and Osmansagar lakes. "
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| Realty Bill may Open New Doors to Transparent, Secure Home Buying |
| " For many, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a draft Real Estate Regulation Bill, which is said to be on its way to becoming a law in the winter session of Parliament. "
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| Its the Best Time to Prepay Your Home Loan |
| " Banks are doing away with prepayment penalty on home loans. Your saving can be greater if you prepay now PREETI KULKARNI
Teaser rates are passe. Its the turn of prepayment penalty to take the centre stage. Though prompted by regulatory persuasion and directives, some leading banks are using the abolition of prepayment charges to entice home loan borrowers. "
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| THE PROMISE OF INDIA |
| " Buying a dream house in India is no longer an idle pipe-dream for Indians abroad. Be it in one's cozy little hometown, in the peaceful countryside or in a bustling business centre, investing in an apartment is now making business sense to a large number of Non-Resident Indians (NRIs). "
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| AP builders pitch for transparency in realty sector |
| " The health of the real estate industry in Andhra Pradesh might have been a bit under the weather over the last two years owing to recession and political upheavals, but that clearly does not seem to have deterred the spirits of developers from the state. "
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| 'PROPERTY OWNER IS ENTITLED TO TAX DEDUCTIONS' |
| " The available tax benefits make property investments more lucrative. Even those who buy a home for their own residential use benefit from these deductions. S Srinath, a chartered accountant, outlines some benefits available, in this chat with B S Manu Rao "
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| GOOD NEWS FOR SOME HOME LOAN BORROWERS |
| " Ashish Gupta outlines the benefits of two schemes for prospective home loan borrowers. In times of ever-increasing interest rates on home loans and rising EMIs, there are some positive developments, especially for borrowers of smaller loan amounts. "
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| Realty Slump Pares Cement, Steel Demand |
| " Steel and cement consumption has fallen due to a slowdown in the real estate sector. Analysts say this will also have an impact on steel and cement prices in the coming months. "
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| Tatas to Invest Rs. 500 cr in Realty Arm |
| " Tata Housing to issue equity shares to parent in next couple of weeks. Tata Sons will infuse Rs.500 crore into the groups real estate arm Tata Housing Development Company through a fresh issue of equity shares, more than one person having knowledge of the development said. "
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| GETTING IT RIGHT |
| " Developers in Hyderabad opine that a mix-use space will be a successful model for the commercial property market. RENUKA RANE PEPAKAYALA writes.
Well connected by road, rail and air, Hyderabad has a natural advantage for companies to start operations. Unlike some cities where infrastructure growth follows development, in Hyderabad "
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| No Pre-payment Charges on SBI Home Loans |
| " No discrimination between old, new customers; other banks to follows suit. Indias largest lender State Bank of India has decided to waive pre-payment charges on home loans linked to both floating and fixed rates and for old and new customers, signalling an end to the practice of discriminating between borrowers and possibly force other lenders to follow suit. "
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| Land rates on city outskirts take a dive |
| " Here is some good news for those who wish to buy land on outskirts of the city. The once sought-after plots are up for grabs at unbelievably cheaper rates. Land owners in areas like Moinabad, Maheshwaram and Chevella, who sold their plots for not less than "
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| LRS likely to be back again |
| " HMDA, Town Planning Wing & GHMC In Favour Of Reintroducing LRS
TIMES NEWS NETWORK "
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| TEASER GOOD FOR BORROWERS WITH LOW RISK APPETITE |
| " A teaser loan offers the best of both worlds and is a good option in these times, says KAVITA SRIRAM
If you are waiting for property prices to cool down, so that you can buy your dream house, the wait could be indefinite. With rents in cities moving upwards, it rather makes sense to pay EMIs and own the property. For those who have clinched a bargain deal on property, the current interest rate scenario must not be a deterrent for taking a loan. "
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| Andhra Pradesh - Bright Prospects for Real Estate |
| " Andhra Pradesh is a shining example of the IT revolution sweeping India. Well endowed with mineral and agricultural wealth, AP embarked on a reform process in the 1990's to make Information technology, bulk drugs and pharmaceuticals, "
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| SBI, others to raise home loan tenure |
| " Fearing credit turning bad assets in the wake of high interest rates, a number of state-run banks, led by SBI, have decided to raise home loan terms to 25-30 years or till the borrower touches 70-well past their working age. "
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| CHOOSING TO INVEST |
| " Migrant professionals in Hyderabad prefer to buy a flat instead of paying rent. In fact, they account for almost half the buyers of property in the city, say local builders "
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| BE INVESTMENT SAVVY |
| " A medium to long-term view is necessary for real estate investments, says NAMRATA KOHLI "
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| TRANSPARENCY AND SAFEGUARD FOR BUYERS |
| " A reworked real estate regulation bill, which will bring transparency to the sector, will be presented in Parliament this winter session, says A K TIWARY "
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| The recent ban on prepayment fees on floating rate home loans is a step in the right direction that would prove to be a customer-friendly move |
| " In a move that is aimed to improve customer services, banks and RBI mutually agreed to ban prepayment fees on floating rate home loans. This recent development definitely comes as a breather for those walking the tightrope of paying the EMIs (equated monthly installments) on home loans. "
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| 4 Factors You must Consider Before Buying a Residential Property |
| " There is a school of thought that states you should buy a home as soon as you can afford it, or as soon as your home loan application is approved. In fact, the only question one tends to ask in context with home buying is whether property prices and interest rates are amenable at that point in time or not. On the surface, this makes sense. "
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| Prime Wakf land encroached upon |
| " 100 acres of Wakf land encroached
The land belongs to the 400-year-old Masjid-e- Almas, which is owned by the AP Wakf Board "
..More |
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| Rent from house property is taxable income |
| " Tax matters: "
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| WHAT HAPPENS NEXT? |
| " The city may have collectively heaved a sigh of relief with the easing of the T-related strikes. Times Property talks to industry heads in the real estate sector, to get their perspectives for the near future "
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| Realty Stocks Take a Hit on Hubtown, HDIL Downgrades |
| " Reality has come back to hit more and more builders. Two leading Mumbai developers – Hubtown (formerly Ackruti) and Housing
Development and Infrastructure, or HDIL, have been downgraded by credit rating agencies following reports of defaults on borrowings. "
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