| Hit by Rising Home EMI? Here’s 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 "
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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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