BUYING A HOUSE
To avoid getting stuck in a real estate trap, younger generation should follow these 3 home buying rules
Buy just one house in which you will live, and which will save you rent. Do not even think of buying more just for investment. No matter how much you’d love a fancy house and how great the hype, the EMI should not be more than one third of your family income.
Home buyers must know these terms and concepts before buying a property
How much do you know the mind behind your potential property? Homebuy...
Realty hot spot series: This Ahmedabad locality is a residential and commercial hub
This week ET Wealth takes a look at Prahlad Nagar, Ahmeda...
Housing sale in NCR reaches 45% of pre-covid level : Report
Real estate developers continue to focus on offloading the existing unsold inventory and completing projects under construction. Prices remained range-bound across most of the submarkets within Delhi NCR during the quarter.
Demand for residential real estate in Q3 surpasses pre-Covid levels by 30-40%: Magicbricks PropIndex
“With the festive season just around the corner, we are witnessing a sharp recovery in demand and prices have remained stable for the July-September quarter after falling upto 5% in the April-June quarter of 2020. We hope consumers’ buying sentiment will continue to improve and translate into transactions in the coming quarters,” said Sudhir Pai, CEO, Magicbricks.
RBI relaxes LTV rules to make home loans taken till March 2022 cheaper
A loan-to-value (LTV) ratio compares the amount of a loan you will borrow against the total value of the property you want to buy. Lenders generally use LTVs to determine how risky a loan is and whether they'll approve or deny it.
Coronavirus impact: Demand for houses in tier II and III cities accelerates
Leading developers like DLF, Emami Realty, ATS, Omaxe and Alpha Corp have shifted focus towards smaller cities to monetise the land banks they had held for long.
Smaller cities showing residential demand for big brands across categories : Report
The report found that, though development in ‘shadow cities’ has moved at a snail's pace, the current pandemic driven crisis, has brought structural changes, which has accelerated the process of deeper market penetration in 'shadow cities' across sectors.
Realty hot spot series: A prominent residential area in Delhi with affordable properties
Uttam Nagar is located in the South-West part of New Delhi. The locality offers affordable properties in the low and mid-segment. Key social infrastructure such as Adarsh Public School, Mahindru Hospital etc. are nearby. The area also offers easy access to job hubs across NCR.
Housing enquiries rebound to 50% of pre-COVID-19 levels, highest in Bengaluru
In terms of the preferred budget range, homes priced between Rs 40 lakh to Rs 1.25 crore now attract a major chunk of the post-COVID-19 buyer enquiries. Bengaluru, Chennai, Ghaziabad and Noida are seeing maximum traction for homes in the under-Rs 1 crore budget.
Demand spikes for larger houses in Bengaluru
Queries at property builders in Bangalore showed that space and size have pushed utility down the priority rung. Builders and brokers have noticed a spike in queries for ready-to-move larger homes priced between Rs 80 lakhs and Rs 1 crore after the Covid-19 outbreak.
Housing sales down 66% in Apr-Jun: Report
According to PropEquity, total housing sales during April-June 2020 stood at 21,294 units, down 67 per cent from 64,378 units in the year-ago period. Barring Noida, all other eight cities witnessed a decline in sales.
FIR filed against directors of CHD Developers for 'cheating buyers'
The project, CHD Vann, was launched by CHD Developers in 2014 and the possession was due in 2017. In their complaint, homebuyers alleged that the developer collected around Rs 224 crore from 250 homebuyers, but spent only Rs 80 crore for buying land and construction work.
Jaipur development body to launch four housing schemes on August 15
To sell the plots in its developed schemes, the JDA recently had reduced the reserve price of uninhabited land in its region by 10% to 37%. The decision was taken by the higher authorities looking at the slump in prices in the region.
Buy LIC Housing Finance, target price Rs 345: LKP Securities
LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 14458.59 Crore) operating in NBFC sector.