Seminar on "How to make more money in real estate."

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  • - Saturday 22nd April 2017

    ‘Housing for all’ was announced by Centre last year. The aim was to provide homes for everyone by the year 2022. In Rajasthan cities, this goal seems a distant vision. High court of Rajasthan appointed commissioners to look into the issues of the homeless toured all three shelters for the poor in Udaipur.  In these shelters, the toilets were out of water, blankets stank and there was shortage of drinking water.
    Commissioners also found that none of the shelters ran by the guidelines issued by the Scheme Urban Homeless (SUH). Under SUH guidelines, every homeless will get 50sq ft of space. “Udayapole shelter could not admit more than 10 people and in winters about 40 people adjust into the space. There was no facility of drinking water or toilets,” said a guard at this shelter.
    The commissioners stated, “Many homeless people were not aware of these facilities because lacks of display boards and general public have poor awareness of 

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  • - Saturday 22nd April 2017

    A recent report has come out that the Indian paint market which was around Rs 40,300 crore in 2014-15 is expected to reach Rs 70,875 crores by 2019-2020.  The decorative paint market is expected to witness CAGR of 12.7% while industrial paint market is expected to witness CAGR of 9.5% by 2020. The split of the decorative paint market to industrial market is around 75-25. “Decorative Paint market size in India was Rs 30,385 crore and the Industrial Paint was Rs 9,915 crore in FY 2014-15.

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  • - Saturday 22nd April 2017

    Bank of Baroda is offering the cheapest home loans in the market . It has outdone SBI by offering it at 8.35% where as SBI's rate is 8.6%. The move could trigger a rate war as banks are flush with funds, and loan growth since April has been almost negligible during the current financial year. On a home loan of Rs 50 lakh, reduction in interest rate by 0.70% by Bank of Baroda will help a homebuyer to save Rs 2,496 per month and approximately Rs 9 lakh during the loan tenure of 30 years,” the bank said in a statement. The bank is inviting existing borrowers of other lenders to get the benefit of lower rates.

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  • - Thursday 20th April 2017

    To make their property more accessible, Wadhwa group has tied up with e-commerce firm Snapdeal to sell property online. Firstly it’ll showcase the group’s new project ‘ELITE’ in partnership with Terraform Realty offering 1, 2, 2.5,3 BHK with their complete specifications. “Snapdeal with their ever expanding customer base forms a perfect platform for us to showcase our upcoming properties” said by Girish Shah, Director Wadhwa group.

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  • - Thursday 20th April 2017

    Kashmiri pandits wants centre to secure place for Srinagar city in the final list of 'Smart Cities’ to be announced in January 2017. The community feels that they have been ignored despite the fact that they are the worst victims of the terrorism in the country. A meeting was convened under the chairmanship of Commissioner Secretary, Housing and Urban Development Department Hridesh Kumar to discuss the modalities. The meeting urged the officers to make full effort to make Srinagar in the next list of smart cities.

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  • - Thursday 20th April 2017

    In order to give homebuyers assurance, the Noida Authority is planning to open joint account with realtors to ensure that the builders spend money collected from homebuyers on completing housing projects. Generally the homebuyers stop paying the installments fearing that the builder is diverting the payment to some other project. The DCEO said “The account, if opened, will be operated by the builder and the Noida authority jointly. We will take the final call on  it without delay and also get it approved at our upcoming board meeting on October 3.”

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  • - Thursday 20th April 2017

    Greater Noida Industrial Development Authority (GNIDA) approved 55 acres of land setting up of Food Park in Greater Noida. This land is allotted to India’s major food manufacturing Indian sweets and snacks company Haldiram’s. There is expected investment of around Rs. 350 crore. The construction is schedule to complete in three years with 25% of the construction work to be completed in the first year. Haldiram’s official said that “It’ll be a state-of-art and help the company in further establishing and expanding itself.

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  • - Wednesday 12th April 2017

    The real estate sector having large usold inventory is going through a rough patch. However there has been a recent spurt in the realty counters. Moreover, the Nifty Realty Index has zoomed by 33% in the last three months. "What is happening now in real estate stocks is bottom fishing," says Jimeet Modi, CEO, Samco Securities.

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  • - Wednesday 12th April 2017

    According to a plan described by Railway minister, Suresh Prabhu, 100 stations are to be redeveloped into worldclass terminals with the help of NBCC at an estimated cost of R. 500 Cr. Varanasi, Jaipur, Kota, Sarai Rohilla (Delhi), Thane, Margao (Goa), Bhubaneshwar, Lucknow, Tirupati and Puducherry are the 10 stations chosen to be the first stations to get the work started.

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  • - Wednesday 12th April 2017

    An anonymous real estate consultant said that many of the property deals are getting cancelled these days. A lot of people are either holding back the purchase of properties or are stuck in between the deals due to lack of funds.  A sharp decline has been noticed in the property sales in Indore and real estate consultants are afraid that it’s unlikely to be recovered to soon.

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  • - Wednesday 12th April 2017

    Ratings Agency, ICRA mentioned sharp rise in international cooking coal prices and stagnant steel demand to be the reasons for challenging times ahead of domestic steel players. Steel industry is already growing slow with just 0.4% year on year growth. "Cost pressures amidst weak demand signal challenging times ahead for domestic steel players," ICRA said.

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  • - Tuesday 11th April 2017

    Forty corporate houses and IT companies are unable to find office spaces in Vijaywada and sorrounding areas since a year now. The traditional real estate market in the state that supports only residential space is keeping thousands of of people unemployed by not providing office spaces for IT Companies that promise to generate employment. Builders are facing the problem of high costs involved with providing office spaces but this situation of high demand, no supply must be corrected to give real estate a positive outlook.

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  • - Tuesday 11th April 2017

    In the year of 2015 investors had made the investent of $500 million but the investment in 2016 has doubled making it reach over $1 billion in Gurgaion. Gaurav Kumar, managing director of capital markets at CBRE South Asia said, "Owing to its cosmopolitan status and conducive environment, Gurgaon continues to evince active interest from real estate funds, local and international developers as well as corporates. It has always been the investment gateway to NCR due to its critical mass in real estate development and existing social infrastructure.”

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  • - Tuesday 11th April 2017

    Leading Swedish Home Furnishings Company, IKEA Group is planning to set up its first show room in India and is therefore, looking for land in Greater Noida. In talks with Deepak Agarwal, CEO, Greater Noida Industrial Development Authority (GNIDA), IKEA representatives mentioned that they are looking for 25 acres of land in Greater Noida. They have thus, been offered land along the Greater Noida Expressway for a showroom, manufacturing unit and warehousing unit under the DMIC Project

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  • - Tuesday 11th April 2017

    According to Gartner Inc., large scale smart city project are lagging behind in India due to lack of holistic, framework based approach and a viable revenue model. According to Gartner’s predictions, less than 10% of the smart city project would be implemented across India until 2020. Gartner Vice President Ganesh Ramamoorthy says, “To succeed, technology product management leaders of smart city products and services must focus on a long-term, consultative approach and innovative revenue models.”

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  • - Tuesday 11th April 2017

    12-15 new smart city projects would be initiated in Nashik next year. As an experiment, both on road and off road parking facilities would be started in 4-5 areas.  A parking app has been developed that facilitates online payment, record keeping on entry and exit of vehicles and checking of availability of slots. Even a rotary parking system is being planned which will automatically lift 15-20 cars.

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  • - Monday 10th April 2017

    Godrej BKC in Mumbai has received the LEED Platinum certification for developing green buildings. LEED (Leadership in Energy and Environmental Design) Platinum certification is globally recognized the highest rating for sustainable buildings. Godrej properties said "With this achievement, Godrej BKC becomes the only multi-occupant building in BKC, Mumbai's new commercial center, to be LEED Platinum certified." 

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  • - Monday 10th April 2017

    The Bombay high court on Friday rebuked the BMC over the latter’s parking policy which has resulted in vehicles being parked anywhere across the city. Chief Justice Manjula Chellur and Justice Girish Kulkarni said that there is no policy, anybody can go and park anywhere, while hearing a public interest litigation filed by Janhit Manch. Justice Chellur said that only solace is that Bangalore is worse than Bombay . The judges will fix a date for final hearing and disposal of the PIL.

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  • - Monday 10th April 2017

    The builder has received OC for a total of 1,768 units for the Phase-1 of its project in the region. This phase is complete and ready for possession and comprises of total 21 towers whose OC has been received. “With possessions started in our project, we expect approximately 300 to 400 home-buyers to give their acceptance by the end of this month and more than 700 by mid of year 2017”, said Avneesh Sood, Director of Eros Group.

    Work on the second and final phase, comprising of 1,432 units is taking place at a rapid pace, and the possession for the same will be announced soon too. The project is spread across 25 acres of land approx. and is in its final stages of completion.

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  • - Monday 10th April 2017

    (BDA) has tied up with LIC Housing Finance  for those who are 60 years and above to facilitate purchase of property.The LIC HFL Care Homes has already made this facility available in Chandigarh and Bangalore, spokesperson of the agency Vibha Sharma said.The finance would be made available both for purchase of land and construction of house.

    The government developmental agency in its board meeting relaxed norms for defaulters who, after booking a property, failed to deposit bank installments in time and their bookings are cancelled.

    “The board decided to revive ownership after a beneficiary pays a penalty of Rs 10,000 and start paying again installments,” she said.

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  • - Tuesday 4th April 2017

    Here is your chance to correct your property tax disclosures in self assessment scheme if you have erred in declaring the actual dimension of your property or undervalued it under property tax self-assessment scheme. BBMP is giving a last opportunity to tax payers to declare right assessments online before January 13.The move is a result of several cases of tax payers not declaring actual dimension of their property.

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