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affodabel-house

The Karnataka Government is expected to announce the final rules for the Karnataka Real Estate (Regulation & Development) Act also known as Rera by the end of the month. Housing Minister M Krishnappa has assured home buyers and stakeholders that the Act has been finalized; however the delay in its roll out is due to its final approval awaited from the cabinet for final changes made and will be soon discussed and notified by the… Read More »

sbi

Within days of Reserve Bank of India’s reduction in capital requirement on big ticket home loans, State Bank of India, the country’s largest bank lowered interest rate on loans above INR 75 lacs. Home loan rates have been lowered by 10 basis points by the bank for loans above INR 75 lacs to 8.55 percent for women and 8.60 percent for others. The revised rates will be effective from June 15. Risk weightage on home… Read More »

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Founder of a community living and learning space Cuckoo Hostel in Kormangala, Bengaluru, Rajat Kukreja, lives in a house that cost just INR 50,000 to build. It is a 100 square feet micro-home with amenities such as electric connection and appliances, study table and a bed. Due to the materials used to build the house, it remains cool during the summer months. The smartly designed ventilation also helps. Kukreja says that he always wanted to… Read More »

National Real Estate Development Council (NAREDCO) said last week that 12 percent GST on construction projects, which is meant for sale to buyers, will boost the sector. It will be a game-changer for the industry as well as the real estate sector, as it will subsume 16+ major taxes and turn them into a one consolidated tax, said NAREDCO president Parveen Jain. GST will even stop double taxation that hurts every sector. It has a… Read More »

Silver Ripples Front View

Sumadhura Silver Ripples features super-luxury residential apartments that will take you on a journey off the beaten track. The project has an exotic landscape that adds wings to your dreams, so that you can fly off to a distant world, far, far away from the hustles and bustles of this world. The journey does not end there though. Silver Ripples has so much to offer. Here, luxury has received a new benchmark. It is only… Read More »

NRI Investment

Non-Resident Indians (NRIs), under RBI guidelines, can purchase certain kinds of properties, though other forms may require special permissions. Thus every NRI, interested in buying property in India, must be aware of the provisions related to purchase or ownership of immovable property in India under Foreign Exchange Management Act (FEMA). Persons of Indian Origin (PIOs) and NRIs are always treated the same when it comes to investing in real estate. The Reserve Bank of India… Read More »

Partial OC

Let’s talk about Partial Occupancy Certificate today. Occupancy Certificate (OC) is issued by the statutory local development authority while taking possession of a property. This certificate authorises the builder to allow homebuyers occupy the premises. The certificate is mandatory for buildings with more than five units. Partial OC is issued for large projects that are being built in various phases or blocks. The moment a specific phase is complete, the concerned authority, BDA in case… Read More »

Sumadhura Acropolis Street View

Located in the north-western fringes of Hyderabad, Gachibowli is a popular IT suburb that forms part of the Mandal of the Ranga Reddy district. It’s just five kilometres from HITEC City and is surrounded by Kukatpally, Panjagutta, Mehdipatnam, Kothaguda, Banjara Hill, Madhapur and Jubilee Hills. It is also very close to Hafeezpet, Patancheru, Malkapur, Kollur, Madhapur and Cyber City. A number of places in Gachibowli see tourist activities throughout the year. These include Golconda Fort,… Read More »

volvo bus

If latest reports are to be believed, 200 Bengaluru Metropolitan Transport Corporation (BMTC) Volvo buses will soon be getting Wi-Fi. In fact, you have to wait only two weeks to access Wi-Fi in BMTC Volvo buses. In the first phase, 200 BMTC buses heading to KIA, Electronics City and Whitefield, will be given this facility. Passengers will also be treated to an on-board smartphone-based entertainment system through an app. This is a very nice move… Read More »

Metro Train

Homebuyers looking to settle in Bengaluru in 2017-18 have good times ahead since transportation has got a major boost in this year’s Budget. Its primary focus is to allocate and speed-up metro rail and suburban rail. Special Purpose Vehicles (SPV) are being setup to hasten the implementation of the suburban rail project. INR 345 crores has been allocated to the Directorate of Urban Land Transport (DULT) for faster implementation. This surely shows the government’s inclination… Read More »

Impact of Demonetization on Real EstateWatch
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