The Amrapali housing projects under the Supreme Court's supervision have received a significant boost with all involved parties agreeing on a purchasable floor area ratio (FAR) that has the potential to build more than 13,000 extra apartments.
Property price in 2024: Residential housing prices in the Delhi-National Capital Region (Delhi-NCR) jumped by 30% year-on-year during the April-June quarter of 2024, the highest among the top eight cities in India, according to a report by CREDAI, Colliers and Liases Foras. Check how much property price has risen in your city.
According to the Knight Frank – NAREDCO Real Estate Sentiment Index Q2 2024 (April – June 2024) report, 63% of respondents in Q2 2024 predict an increase in residential property prices in the next six months. This is a notable decrease from the 82% who held a similar view in Q1 2024.
Pradhan Mantri Awas Yojana (PMAY)-Urban 2.0: The Union Cabinet has given the green light to the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0. The objective of PMAY-U 2.0 is to offer financial assistance to middle-class and urban underprivileged families for the construction, purchase, or rental of affordable homes in urban areas.
Capital gains indexation calculation after amendment of Finance Bill, 2024: The Union government offers a huge relief property owners by allowing a choice between two options for long-term capital gains (LTCG) on the property — 20% LTCG tax with indexation or 12.5% LTCG tax without indexation. The Budget had proposed a lower LTCG tax without indexation benefits. However, taxpayers can now opt for the old LTCG tax with indexation or the new one with a lower rate that lowers their tax outgo. Calculate and understand which LTCG option helps you to save more tax now.
MahaRERA: Now a promoter can't cheat you with false promises of various facilities and amenities like lifts, gym, etc. As per Subham Chatterjee, ALMT legal, "The homebuyers, especially those who had booked under construction flats, would feel deprived while receiving possession of the project without the amenities as promised at the time of purchase. This issue has been resolved to a large extent in view of this MahaRERA order."
The Pradhan Mantri Awas Yojana (PMAY) is a government flagship program in India that aims to provide pucca houses with basic amenities to all residents, both in rural and urban areas. Pradhan Mantri Awas Yojana is divided into two parts: Pradhan Mantri Awas Yojana-Gramin (PMAY-G) for people in rural areas and Pradhan Mantri Awas Yojana-Urban (PMAY-U) for people staying in urban areas. Both schemes offer financial assistance to eligible beneficiaries to help them build a pucca house. All you need to know about the latest update in Pradhan Mantri Awas Yojana
India's real estate sector remained buoyant as residential housing sale surged to an 11-year high in the first half of 2024. A total of 1.73 lakh residential units sold during the January-June period of 2024, according to the Knight Frank report. Mumbai led with 47,259 units sold, up 16% during H12024. The premium housing sales rose to 34% market share in H1 2024, from 15% in H1 2018. Meanwhile, the affordable housing segment sales dropped to 27% in the January-July period 2024.
As fractional ownership gains traction and becomes increasingly popular, retail investors must run a few checks before investing in CRE assets via this route. Here are some factors that one must consider.
A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?
If you are confused by personal finance terms, jargon or calculations, here’s a new series to simplify and deconstruct these for you. In the first part, ET Wealth explains what rental yield is and how it is calculated.
MahaRERA: Now flat buyers don't have to worry about parking space inside the flat, as MahaRERA has passed a order mandating parking space to be accurately communicated in both allotment letter and sale agreement. Read here to know more about the parking order by MahaRERA and how it will help you.
Aurum Analytica, a data analytics firm in real estate, uses data science and AI. CEO Prakash Tejwani and co-founders Sahil and Vishal discuss the company's mission and growth.
Homebuyers stuck in stalled real estate projects face financial strain and uncertainty. They pay EMIs and rent while bearing the loss of opportunity cost. If you have property in a delayed or stalled real estate project, here are some things you can do as a home buyer.
Average housing prices in Bengaluru have increased by 19% year-on-year (YoY) in the January-March quarter of 2024. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases Foras. Check how much property price has risen in your city
Amrapali homebuyers: According to an advertisement in the Times of India dated April 22, 2024, “In furtherance to repeated notice issued regarding handover, below is the list of home buyers who have not yet taken handing over key of their unit from NBCC (as on 22.04. 2024), are hereby given the last opportunity to take key handover within 30 days failure to do so the respective unit will be deemed cancelled. NO further request in this regard will be entertained.”
New REITs regulations: Here's a primer on how this much-needed transparency could benefit retail investors, as well as HNIs, looking to add the highest-graded commercial real estate to their portfolios using the Real Estate Investment Trusts route.
All eight cities — Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), and Pune saw an increase in housing prices in Q4. "The current state of real estate is the most productive when sales, supply, and prices are growing, and the price rise is not speculative. These factors work in harmony in a balanced and healthy real estate market.”, said Pankaj Kapoor, Managing Director, Liases Foras. Check how much housing prices have increased in your city in last one year.
Affordable housing in interim budget 2024: According to the Finance Minister budget speech, the government will announce a new scheme for middle class to build or buy their own houses. The new scheme will help the middle class living in rented houses, or slums, or chawls and unauthorized colonies to own a house.
Ayodhya Ram Mandir : The construction of the Ram Mandir in Ayodhya has triggered a real estate boom in Ayodhya. The prices of land in and around Ayodhya have skyrocketed — in some cases, five to 10 times the prices prevalent four to five years ago — according to several real estate players. Several townships and private hotels are expected to come up in the city in the next few years. Is it the right time to invest in real estate in the holy city? How much returns can you expect? Which are the areas where you should should you invest?
Even though home loan rates are up and property prices are rising, houses have become more affordable across the eight biggest Indian cities, as per a study by Knight Frank India.
According to the Knight Frank Affordability Index, Ahmedabad has emerged as the most affordable housing market in the country among major cities. Affordability Index indicates the proportion of income that a household requires to fund the EMI of a housing unit in a particular city. Thus, an affordability index level of 40% for a city implies that on average, households in that city need to spend 40% of their income to fund the EMI of a home loan for a unit. Check the full list of affordable cities in India here.
Among the top seven areas, Hyderabad saw the highest increase of 42% in the average price of premium homes in the five-year period. The price rose from Rs 7,450 per sq ft in 2018 to Rs 10,580 per sq ft during the first half of 2023, as per ANAROCK Research data. Know how much residential property prices have risen in your city
RERA across 27 states and eight Union Territories have resolved up to 1,16,300 cases of homebuyers' disputes till November 28, 2023, according to ANAROCK Research report based on data from the Ministry of Housing & Urban Affairs (MoHUA). On the other hand, registrations for projects and real estate agents under RERA have increased by 63% in the last two years. All you need to know
With this robust growth in the last year, India climbed 18 spots to 14th rank in the index. Average annual price growth stood at 3.5%, according to Knight Frank Global House Price Index – Q3 2023. Several factors contributed to the rise in property prices including a pent-up demand, a desire to upgrade, and a willingness to spend more for better and modern amenities.
Housing prices in Bengaluru have risen by 18% year-on-year in the third quarter, largely led by the Periphery and Outer East region. Housing prices here surged 39% year-on-year, all thanks to the launch of high-end luxury projects and the completion of KR Puram & Whitefield metro lines, according to a report released by CREDAI and Colliers and Liases Foras. How much returns can you expect from your property? Find out here
Property prices have surged in the last few years, driven by various factors such as increased input and construction costs, rising land prices, and heightened demand. Moreover, there is a noticeable shift in homebuyer preferences towards larger homes with enhanced amenities, contributing to the upward trajectory of prices. Know how much residential property prices have risen in your city, as per ANAROCK Research.
The revenue department of the Delhi government has initiated an effort to make all land records publicly accessible to the public in order to prevent property fraud, eradicate corruption, and rule out any delays in the registration of sale titles
At 9.94%, 10-year returns from housing is the highest at Kochi among 10 urban cities, as per the data by BankBazaar.com. Is buying a house an investment or a living expense? If it is an investment, how much return can you expect from your property? Find out here
Dreaming about a personal abode in nature’s lap is one thing, but can you fit it within your financial reality? A weekend property will cost a tidy sum. This will eat into a sizeable portion of your savings. Make sure your priorities are right before taking the plunge. Here are the key things you need to consider before buying a vacation home.
As the real estate investment landscape transforms, attention is turning to commercial properties due to their increasingly apparent advantages. Kunal Moktan, Co-founder of Property Share, sheds light on the differences between investing in residential and commercial real estate, the performance of the commercial real estate sector in India, the impact of sustainability on the industry, and the role of technology in democratising access to this asset class.
A pilot project was launched at the Defence Colony and Najafgarh sub-registrar offices last week where applicants can fill up their personal data, upload supporting records, pay stamp duty online and take appointments for the registration of the documents. Once stabilised, the national generic document registration system (NGDRS) will be adopted in the remaining 20 sub-registrar offices too.
Mumbai has recorded the sixth highest year-on-year growth in prime residential property prices among global cities in the April-June period of 2023. With a hike of 3.6 per cent year-on-year in Q2 2023, Bengaluru ranked at 20th position on the list. 'Prime Global Cities Index' is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide. Knight Frank has also provided the forecast for 26 global prime residential markets for the year 2024. Read on
Keep in mind the objective of buying and earning potential of the property. To ensure that the property has the potential to earn rent, it is important to invest in its upkeep and assess its demand and occupancy
The 250 basis points increase in policy rates has reduced affordability across markets by 2.5 per cent on average, showed Knight Frank India's Affordability Index for 2023. The mid-and-premium segments in the residential market have been consistently outperforming, the report said. Check affordability index of leading eight cities of India
Housing prices in Kolkata have increased by 15 per cent year-on-year (YoY) in the April-June quarter of 2023. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases Foras. Check how much property price has risen in your city
While the transfer duty on transfer of immovable properties in the name of a woman or the third gender has gone up from 2% to 3%, men will have to pay 4% instead of 3%. The hike came into effect on July 10 when a gazette notification was published by the government.
Housing prices in the Delhi-National Capital Region (Delhi-NCR) increased by 16 per cent during the January-March quarter of 2023, the highest among the top eight cities in India, according to the report released by CREDAI, Colliers and Liases Foras. Check how much property price has risen in your city
