Latest Realty News

What happens if a lender takes over a housing project?
Sep 09, 2013
KOLKATA: Last month, the State Bank of IndiaBSE -0.18 % took over a housing project in Kolkata because the developer had defaulted on repayment of dues to the tune of Rs 176 crore. The Teen Kanya project was promoted by the Bengal Shelter Housing Development, a joint venture in which the state housing board has 49% stake. Therefore, its repossession by the SBIBSE -0.18 % has come as a shock for the 400-odd families that have invested in the project.
Should you invest in office space instead of a house?
Sep 02, 2013
BANGALORE: Prakash Nahata is happy with the decision he took in 1992. Instead of investing in a house, this owner of a property advisory firm bought a plot at Jai Nagar, Bangalore, where he later developed an office complex. "Office space gives you a rental return of 7-8%. If you factor in the 30% standard deduction, your return is even higher. The rental income increases by 5-6.5% annually, and the property's value also appreciates over the years," he says.
Things to check while opting for co-tenancy
Aug 26, 2013
MUMBAI: In 2007, when Mumbai-based PriyaVenkatramani saw an advertisement on a social networking site, she thought it was the answer to her prayers. "I was working in south Mumbai and was looking to share a flat since I could not afford one in central Mumbai due to the high rentals," says the 26-year-old. "So the ad for a female roommate in the same area seemed like a timely break for me," she adds. All Venkatramani had to do was pay around Rs 15,000 as her share of deposit money to the roommate
Does buying a plot of land suit your budget and needs? Find out
Aug 19, 2013
DELHI: In 1993, T Sridhar (name changed) bought four plots of land, each measuring 40 ft x 30 ft, outside Bangalore, for a total of Rs 1.7 lakh. At that point of time, the plots lay outside the city on the Bangalore-Madras highway. Today, the city has expanded to touch this area and a lot of development is taking place in the vicinity. The value of those four plots has soared to Rs 1.2 crore, which amounts to a compounded annual return of 23.72% over 20 years.
How to transfer your property
Aug 12, 2013
DELHI: When it comes to transferring property, a sales deed may not always fit the bill, especially if you want to pass it on to relatives. In such cases, instruments like a gift deed or relinquishment deed can come to your rescue. However, blindly choosing either can lead to problems.
Rented your property? Steps to take if a tenant refuses to vacate
Aug 05, 2013
MUMBAI: When it comes to the relationship between a property owner and a tenant, it's best to be safe than sorry. Yet, hasty decisions, cutting corners and blindly trusting brokers are the reasons for many a legal battle waged by landowners against rogue tenants. Take the case of Mumbai-based Merlyn D'Souza.
Buying a branded property? Things you should consider
Jul 22, 2013
DELHI: What's in a name? The Bard would never have guessed just how wrong he got it. Consumers today swear by brand names for everything, from breakfast cereal and baby diapers to washing machines and watches. Late last year, a report by property consultant Knight Frank revealed the growing trend towards branded properties.
Will the Real Estate Bill see a rise in property prices?
Jul 08, 2013
DELHI: Once implemented, the Bill will bring a lot of transparency in the sector, and all the developers support and appreciate it. However, one needs to understand that there are certain sticky points. Take the deposit of 70% of the cost of the project, which includes the land and construction cost, in an escrow account, which would suck up the liquidity from the market. The land cost is the highest one has to bear today, and currently, most developers are facing liquidity crises, which will be

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