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

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  • - Wednesday 24th May 2017

    UP government has selected Governor Ram Naik and the yet-to-be-appointed additional chief secretary of state housing and urban planning, as authorities to whom homebuyers can voice their complaints. They have been appointed for thousands of homebuyers in UP-NCR, especially in Noida, Greater Noida and Ghaziabad. Since RERA has not been formed in the state, they will hear complaints till the body is formed.

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  • - Wednesday 24th May 2017

    Union Minister Birender Singh in a media statement shared that "The allocation under PMAY is Rs 1.5 lakh, while the same for hilly states is Rs 1.6 lakh. Ministry of Rural Development assures tie ups with banks for Rs 70,000 and this way the allocation will be over Rs 2 lakh. Homes primarily using steel could easily be made for Rs 2 lakh under it." Such homes will not only enhance the steel consumption in the country and augment infrastructure, but will also be extra strong and durable and quick to construct. 

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  • - Wednesday 24th May 2017

    Despite all these positive signs, there are some challenges on the ground in term of successfully implementing RERA, GST, REITS, Housing for All, etc. Also, there is a big challenge in the form of new reforms like fixing the flawed Land Acquisition Act and introducing a Single Window system to promote ease of doing business - an area where India still lags behind at 130th place in the World Bank's 2017 rankings.

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  • - Tuesday 23rd May 2017

    As per officials, so far the proposal for construction of 18.76 lakhs houses have been sanctioned, and funding for construction of 13.06 lakh houses has been issued. The delay in land acquisition is the prime reason behind the slow implementation of the government's flagship scheme PMAY (Urban). In fact, due to delay in land acquisition, only 1.49 lakh houses have been completed under PMAY (Urban) in 2016-17.

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  • - Tuesday 23rd May 2017

    Industry experts say that for normal houses (up to Rs 6,000 per sq ft), 12% GST on a finished house or an apartment will be effectively reduced to near zero as the developer will take the credit for taxes he paid on inputs. At the same time, the buyer will not have to pay the service tax 4.5% of the price of the house. This will reduce the cost of acquisition of the house.

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  • - Wednesday 17th May 2017

    13 Residential buildings and hotels in Agra are reported to be discharging untreated sewage into the Yamuna River, according to an inspection by National Green Tribunal (NGT). These buildings have been using the debris to fill up the foodplains and continued construction. Installations of pillars in Yamuna to demarcate the foodplain zone were also questioned on the grounds of improper fixation.  Most of these projects did not have sewerage lines. The ones which had sewerage lines did not have a municipal connection.  

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  • - Wednesday 17th May 2017

    A sharp decline in collection from registration property sale deals has been noticed ever since the demonetization of RS 500 and Rs 1000 note. So far the revenue department’s collection was Rs 1,880 crore which is Rs230 crore more than the last year. On the date of demonetization (Nov 8) a total of 674 documents across 11 districts amounting to Rs 6.73 crores were registered. This amount fell to nearly half just a day later.

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  • - Wednesday 17th May 2017

    Delhi Development Authority (DDA), Public Works Department (PWD), the Transport department, and the Municipal Corporations have issued challans amounting to Rs 7 crore so far for waste burning and dust pollution at construction sites. A fine of up to Rs 50,000 on construction sites for violating dust pollution norms, depending on the size of the project, and a penalty of Rs 5,000 on the burning of dry leaves and waste and these challans are imposed under National Green Tribunal's orders.

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  • - Wednesday 17th May 2017

    Chota Nagpur Tenancy  (CNT) and Santhal Pargana Tenancy (SPT) Act amendment bill, 2016 has been finally passed by the Raghubar Das government on Wednesday, amid protests. Accordingly, land owned by tribal people can now be transferred and used for non-agricultural purposes. The government can also take the possession of land for state development projects.

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  • - Tuesday 16th May 2017

    The real estate business in the capital has been facing a time now where market rates are lower than the circle rates which is causing flump in the economy. In 2012, Government revised the circle rates and increased it by 200% in the upmarket areas in Category A -from Rs 2.15 lakh to Rs 6.45 lakh per sq metre and further increase to 7.72 lakh per square meter. Recently, the circle rates have been reduced by 15% in Gurgaon to curb the similar problem.

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  • - Tuesday 16th May 2017

    The ministry of highway approved an amount of Rs 211 crore for Gurgaon Jaipur highway for better safety of users. This amount is separate from that of 350 cores that NHAI approved last month for completion of remaining work. The amount will be spent on constructing big drains to prevent flooding, metal beam crash barriers between the main carriageway and foot-over bridges to avoid jaywalking.

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  • - Tuesday 16th May 2017

    Cities like Ahmedabad and Pune will no longer be considered to be a bane for retail industry, since the Gujarat government plans to redevelop its retail business by launching its own Retail Trade Policy. Industries and mines department, along with nine other departments and trade bodies are working together to implement the policy. Retail and Entertainment Zones would be recognized by the government to ensure a conductive tax environment for retail business, relax labour related laws and to frame parking and building by-laws. This would help set up large retail enterprises in the state.

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  • - Tuesday 16th May 2017

    Home buyers are in confusion for investing in property after demonetisation and RERA act waiting for its implementation .The real estate sector however finds no reason for prices to fall, especially for reputed projects.o-founder and director of Milroc Good Earth Property and Developers Kantipudi Kulasekhar has a different take on this. “If the need is there, then a buyer should go for it. In the last two years, the market has been dull and builders have taken a hit. Prices have not risen all this time so it’s unlikely they will fall now,” Kulasekhar said.
    “I don’t expect prices to come down substantially in low income and middle income housing,” director of Kamat Infra Tech Bharat Kamat says.

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  • - Tuesday 16th May 2017

    About 10,000 buyers who are invested in projects in Greater Noida West and Noida Extension have called for a demonstration and protest on January 8th morning at Noida Extension. The buyers told that most of the apartments should have been complete but land acquisition issues and other procedural delays have stagnated the handover and possession process for many years. These buyers have also been running two Twitter campaigns demanding their homes #NoHouseNoVote and #AkhileshjiGharDilwado. 

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  • - Monday 8th May 2017

    Due to concerns about Brexit up to half of planned commercial developments in central London could be delayed over the next few years. One of the first sectors to be hit in the immediate aftermath of the June 23 public vote to leave the European Union was commercial property. 
    Head of Commercial Research Mat Oakley said this would definitely be Brexit-related - a mix of lender, developer and occupier risk-aversion."

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  • - Saturday 29th April 2017

    Delhi Development Authority (DDA) on Wednesday, approved the long ignored road alignment of a small section, giving a push to the ambitious third Ring Road project in Delhi. The project will provide a 79 km semi-circular stretch to vehicles moving from Karnal through Delhi. These vehicles would get a direct link to NH10 and NH8.

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  • - Saturday 29th April 2017

    Due to demonetisation real estate sector is having a hard time but in the days to come it will definitely gain momentum. But even in this time three cities Delhi, Mumbai, Bengaluru are must invest in cities where you don't have to think about before investing. According to the stats these cities are best for the earning returns of the purchase. Once the market gets back to normal, you would be one of the early birds to enjoy the benefits when prices are still low.

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  • - Saturday 29th April 2017

    According to the orders passed on December 19, The Pune Metropolitan Regional Development Authority (PMRDA) in its drive against illegal structures in the outskirts of Pune, has issued notices to the builder and residents of Sphurti Angan Society in Narhe. After the incidentof Pitaram projects, the district collector initiated a drive to check illegal structures in the area till PMRDA took over in 2015. The order also states that despite the demolition order, residents did not initiate action against the builder and even went on to form a society, which is a clear violation.

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  • - Saturday 29th April 2017

    Demonetisation and enforcement of `benami' property law will have a direct impact on the real estate sector and a cascading effect on other sectors, such as housing finance, cement, building products and consumer goods. 6-10% of the black money generated in India was held in cash, while most of the remaining was invested in gold and real estate, a key reason for the multifold rise in property prices since 2003-04. With no incremental black money now flowing into the property market, the demand has fallen dramatically

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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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