While the Union government was forced to strengthen its rules issued under the Real Estate (Regulation and Development) Act, 2016 (RERA) following much pressure from citizen groups, the dilution of the rules to give leeway to builders has started at the level of various states. So far, the state governments ... Read More »
The problem is that the move of demonetisation has sort of synonymised cash transactions with black money. Let us take few facts into consideration. “Between the CSSO and NCEUS data, anything between 80 to 90 percent of businesses in India lie in the unorganised sector, which also contributes to half ... Read More »
Magicbricks Bureau The right time to be considered to exit a real estate investment is when it pays off, probably in a time duration of at least 3-4 years. There is no scientific method to calculate but one should exit a property based on its return on investment achieved and ... Read More »
Kusum is an 35-year old working woman. She has been saving diligently to buy a house in Mumbai and has almost clinched a deal. She has shortlisted a property in the suburbs, finished the paperwork for the home loan and is ready to make the down payment. However, since demonetisation ... Read More »
There has been unwarranted fear mongering in the country post the announcement of demonetisation. However, if we take a long term view on issues, demonetization will help bring a positive change in the real estate sector. While the industry will stand to gain from the shift towards a more transparent and ... Read More »
KOCHI: Kandukuri Vinoda, a home-maker in Telangana, was one of the early victims of demonetisation drive as she committed suicide. She had Rs 54 lakh cash after selling land. There is a co-relation between real estate transactions and demonetisation. The former being often high-value ones, the customer will always be ... Read More »
NEW DELHI: Real estate consulting firm CBRE Group today released a report on the company’s findings of its survey on The Millennials. The survey provides an in-depth look at what defines Millennials as people (LIVE), employees (WORK) and as consumers (PLAY). The survey, conducted across 13 countries globally had India ... Read More »
As many as 82% of Indian millennials live with their parents and 25% of these have no intention of leaving the family home, according to a survey on millennials by CBRE Group Inc., the world’s largest real estate consulting firm. Millennials are people who became young adults around 2000. The ... Read More »
Bengaluru: Trump Organization, the New York-based business venture of US president-elect Donald Trump, has signed a deal with real estate firm Unimark Group in Kolkata for a residential project, is in talks for a second project in Pune and plans to tap opportunities in office real estate across large cities, ... Read More »
BAREILLY: Manish Gupta, 33, a software developer based out of Lucknow, has been pestered by calls from real estate+ agents. On the offer was a chance to invest black money in the business. “The offer was 60:40 on the deal. I then learnt that one lakh rupees, comprising Rs 1,000 ... Read More »
The government’s demonetisation of ₹500 and ₹1,000 currency notes will have a transitory impact on many asset classes such as real estate, jewellery, bonds, etc. The resale market in the real estate sector may be hit the most since many deals are made in cash. However, the demand in primary ... Read More »
To further intensify the crackdown on black money, Assocham has suggested the Centre to impress upon states to “drastically” lower stamp duty on residential and commercial property deals to dissuade people from undervaluing purchases. The industry body said that the biggest beneficiary of the move would be buyers of residential ... Read More »
