Buying a property or home is preferred by most property buyers as there number of incentives such as attractive property rates together with low interest rates on housing loans and tax benefits make property investment a good value proposition for property buyers. But some property buyers opt for buying a plot of land for investment or construction purposes. More..
Buying land in India for investment or for living is considered to be a major move financially and emotionally. Before you invest a huge chunk of your savings in a scheme that looks attractive or in a piece of land which looks it’s going to boom in the next 5 years, watch where you step. More..
People with agricultural land that they do not wish to cultivate will soon have the option of depositing it in government land banks that will offer them consistent monetary returns. With an incentive system broadly on the lines of a bank account, the public land bank will offer payments based on the tenure and size of the holding with additional benefits if the land is leased out.
A patch-up between the Sahara Group and one of Mumbai's largest landlords, Byramjee Jeejeebhoy Properties , could open up a 500-acre sprawl in Goregaon (W) for development almost a decade after plans fell through. The focus turned on the plot again after talk that Avinash Bhosale, the politicallyconnected businessman from Pune, and Mumbai builder Vikas Oberoi recently picked up achunk of the land. The property, estimated to be worth around Rs 5,000 crore, falls under the no-development zone (NDZ) and coastal regulation zone (CRZ) and was once covered with mangroves. More..
The decline in the value of Indian currency and constantly bad performance of real estate sector is become a double bonanza for Non Residential Indians (NRIs) to invest in Indian property market. According to the several market reports and NRIs also said that “in Thane region property prices are 30% less than the usual market prices,” they added that we have decided to buy a property in India as we are expecting an annual 10% to 15% appreciation. More..
When it comes to residential project construction activities in major metropolis, Pune is a clear winner. As per a report brought out by Liases and Foras — a real estate research firm — construction activity for residential housing in the last two years has witnessed a sustained growth in Pune, while signs of a significant slowdown have been observed in Mumbai, Delhi, Chennai and Bangalore. More..
The state government has decided to replace an existing Act with a new one to bring more transparency in the transactions in the housing sector. The Maharashtra Ownership Flats (Regulations of Promotion of Construction, Sale, Management, and Transfer) Act, 1963, which was meant to provide relief to flat buyers against abuses and malpractices in the construction, sale and transfer of flats, will be scrapped. It is likely be replaced with the Maharashtra Housing (Regulation and Promotion of Construction, Sale, Management and Transfer) Act, 2011 More..
In what could cap the land row in Noida Extension and bring relief to homebuyers, the housing department of the Uttar Pradesh government on Sunday approved the Greater Noida Master Plan 2021. The plan will be tabled before the NCR Planning Board committee in the last week of December and if that goes well, homebuyers can ring in the new year with good news.
Demand in tier II & III cities shows an uptrend on rising affluence, aspirations of buyers. The industrial town of Rudrapur, 220 km from Delhi on the way to Nainital, isn’t exactly the kind of place that you would start talking about. But Sanjeev Srivastav, managing director of real estate developer Assotech, won't quite agree. He's got a lot to talk about this little town, and is happy his firm had launched a project in this tier-III town four years ago. More..
Villaments is the new buzzword in Bangalore's real estate lexicon. A villament is where an apartment ends and a villa begins. It's a concept that's gaining popularity with those who want the luxury of a villa and yet crave the comfort and convenience an apartment affords. "It's a marketing strategy where we offer the privacy of a villa and the facilities of an apartment," says Syed Beary, CMD, Bearys Group, a Bangalore-based real estate developer. While prices of villas may be out of reach for many, and the density of apartment units too claustrophobic for some, villaments will bridge the divide. More..
A Hindu woman or girl will have equal property rights along with other male relatives for any partition made in intestate succession after September 2005, the Supreme Court has ruled. A bench of justices R. M. Lodha and Jagdish Singh Khehar in a judgment said that under the Hindu Succession (Amendment) Act, 2005, the daughters are entitled to equal inheritance rights along with other male siblings, which was not available to them prior to the amendment. More..
The current global scenario might be one of gloom, with markets in the US and in Europe on the brink of a double dip recession, but interest in Indian real estate is still high among global investors, said Carlo Barel di Sant' Albano, chairman of the board of global property advisory firm Cushman & Wakefield. More..
There will be no conversion of agriculture land for residential or commercial use in Jaipur till May 23. The Rajasthan High Court stayed any land conversion of agriculture plots in the city till its next hearing, scheduled on May 23. A division bench of chief justice Arun Mishra and justice Prashant Agarwal ordered an interim stay on conversion of land under section 90-B of the Rajasthan Land Revenue Act on a public interest litigation (PIL) by Jago Janta Society, an NGO. More..
While investing in a plot may not offer tax benefits, capital appreciation is the key. In 2007, Navin Tiwari purchased 2,000 square feet of land at Alibaug - the weekend getaway destination for Mumbaikars - at Rs 300 per sq ft. Last year, he sold the same at Rs 750 per sq ft, more than double the price. Even if Tiwari had kept the plot and built himself a second home, he would have benefitted from the appreciation in land prices. More..