First-time property buyers, take heart! This Zomato for real estate agents can help you make the right choice
The walls were closing in on Mohit and Nidhi B Sancheti. As first-time buyers of real estate, the couple came face to face with multiple problems: connecting with multiple agents who added no value to the property scouting process, wading through a barrage of information, and struggling to find quality amid the quantity. The problems led […]
Real estate sector to chart new growth story, will grow 35% annually in next 5 years: Niranjan Hiranandani
Though the real estate sector is under stress for the last few years, this could be the beginning of a new growth story, said Niranjan Hiranandani, president (national), National Real Estate Development Council (NAREDCO) and chief managing director of Hiranandani Communities. The survival trick for developers and investors is to adapt to the changing environment and government […]
Real estate stocks biggest losers in market correction since August
Mumbai: Realty stocks have eroded nearly 25%, the most among sectoral indices, since the correction in the Indian stock market started in late August. The change of stance on interest rates and tightening liquidity for non-banking finance companies (NBFCs) hit the sector, which had just started seeing a recovery. While the BSE’s 30-share benchmark index, the […]
RBI data shows surge in bank finance to real estate
Organised funding from banks to the real estate sector is gradually improving, especially in markets where developers are becoming more transparent and the Real Estate Regulatory Authority (RERA) has stabilised. Bank funding to developers is up 6.3% over the previous year, with outstanding loans to the sector at Rs 1,87,200 crore at the end of […]
Landlord Disinterest in U.K. Real Estate Market Dragging Down Prices
The U.K.’s typical October house price rises are muted this year, dragged down by price falls of smaller homes, according to a report Monday from Rightmove. The average asking price stands at £307,245 (US$404,118), a minimal rise of 0.9% from the same time last year and a 1% increase from September—the lowest monthly rate of […]
Real estate bets big on festive season for revival of fortunes, comes out with innovative schemes to woo buyers
Hit hard by the prolonged slowdown in the real estate market, property developers are betting big on the current festive season for revival of their fortunes. In fact, they got into the festive mood a bit earlier as many of them were seen coming out with the festive schemes even before the start of the […]
Real estate transactions, enquiries by NRIs on the rise as rupee depreciates
The depreciating rupee has affected most Indians either directly or indirectly (read here to know how), but it has benefitted non-resident Indians (NRIs) when it comes to investing in Indian real estate in India. In the last one year, the rupee has depreciated around 14% from ₹65 at the beginning of October 2017 to above ₹74 […]
Three directors of real estate firm Amrapali sent to police custody for not handing over documents for forensic audit
The Supreme Court today ordered three directors of real estate Amrapali group to be taken into police custody because they hadn’t handed over documents relating to its accounts to forensic auditors. A bench of justices Arun Mishra and UU Lalit said the company directors had been “playing hide and seek” with the court and told the […]
Indiassetz manages your real estate wealth even when you are 1,000 miles away
When it comes to taking care of your personal wealth, you can turn to government bodies, private institutions, and individual advisors. However, how do you take care of your real estate wealth, especially when you are away? Most rely on family, friends, and even acquaintances to take care of vacant properties, but people are increasingly […]
Money invested by NRIs in real estate to have a notional gain in the range of 7-8% in six months
The Indian currency, which closed at a historic low of Rs 73.03 against the US dollar on October 3, 2018, has been under pressure for the last two months. Compared to the same period last year, the value of the rupee has depreciated by around 10 percent. As a result of this change in exchange […]