Real Estate Blogs

HDFC Cuts Home Loan Rate, EMIs To Fall

HDFC - one of the country's largest home loan provider - on Friday evening cut rates by 0.20 per cent to 9.9 per cent, Press Trust of India reported .
 
The revised rate would be applicable for both new and existing customers.
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How Home Buyers Will Benefit From Real Estate Bill

Prime Minister Narendra Modi's government on Tuesday approved changes to a Bill that seeks to regulate the country's property market, notorious for black money and delayed possessions.
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Real Estate Bill: Jail Provision 'Unnecessary', Says DLF

A provision for imprisoning developers in the Real Estate (Regulation and Development) Bill, 2013, is a step in the wrong direction, says realty major DLF.
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Real Estate Bill with tough teeth gets cabinet nod

The union cabinet on Tuesday gave its approval to the much awaited amendments to Real Estate (Regulation and Development) Bill, 2013 that could go a long way in reining in corrupt real estate developers who sell dream houses to consumers but deliver much below the stated standards coupled with cost overruns.
 
The government said, recommendations of the standing committee of Parliament on urban development and suggestions of various stakeholders including consumer o
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JLL India to Provide Consultancy Services in Infra Sector

New Delhi: Property consultant JLL India on Monday said it has formed a separate vertical to provide services to the infrastructure sector.
 
In a statement, JLL India said that its dedicated 'Infrastructure Services' vertical would specifically address the requirements and opportunities that the infrastructure sector will represent till 2020.
 
JLL is the first global property consultant to offer this service within the country, it
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Mini Menon Bloomberg

After NDTV & CNBC, Bloomberg also starts a show on Real Estate

After the success of real estate TV shows on NDTV and CNBC, Bloomberg has also come up with a show titled: Tracking the Recovery-Real Estate. It begins from 27 August at 8:30 pm.

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Indian Currency Notes Real Estate

Real estate deals to increase due to RBI order on notes

The Reserve Bank of India's decision to withdraw pre-2005 currency could lead to a spurt in real estate deals and realty prices in many parts of the country in the short term.

Realty consultants say the cash component in this segment is as high as 50 per cent in small cities and about 25 per cent in cities such as Mumbai. They add people may use cash to buy realty or gold before the April 1 deadline to phase out pre-2005 notes.

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Builders in trouble as banks tighten lending rules

Builders in trouble as banks tighten lending rules

The real estate sector, accounting for the maximum number of new projects — 53 of 173, each above Rs 250 crore, in April-September this fiscal — is facing difficulties in achieving financial closure for these projects.

This is because banks are asking builders to bring in more equity before loans can be disbursed.

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china_bejeing_real_estate_property

Unusual effects of law: Divorces rise in Beijing due to property tax

Beijing's divorce rate has soared as couples seek to avoid a property tax imposed earlier this year by using a loophole for those whose marriages end, state media reported on Tuesday.

Nearly 40,000 couples divorced in the Chinese capital in the first nine months of this year, up 41 percent on the same period in 2012, Beijing Youth Daily said, citing official figures.

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China innovative Apartment Design Fraud Illegal Court owner

Chinese Real Estate Scam Traps Owners in Illegal Apartments

In New York, shady brokers have long been known to sell the same apartment to multiple gullible buyers. In China, however, real estate scammers have gone to the next level: Buyers are being "taken hostage" by developers who fail to mention that the apartments they're selling are totally illegal.

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