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.
Property price in Delhi in 2023: With a 14.9 per cent year-on-year increase in Q12024, Delhi witnessed the highest growth in the Housing Price Index, according to data released by the Reserve Bank of India. . Mumbai came second in the list with a 7.6 per cent year-on-year rise during the June quarter. Kolkata home price index saw the steepest contraction of 6.6 per cent year-on-year in the June quarter. Check how much home prices have increased in your city.
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.
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
An individual can buy a auction property (also known as distressed property) from a bank. The property will be auctioned and sold to the highest bidder. Before participating in the auction, the individual should keep certain things in mind. This is because an property is being sold in an auction because a borrower defaulted on the EMI payments.
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
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
There have been several instances where an RWA’s decisions have infringed upon the legal and constitutional rights of the people living within the society. At times, the rules seem arbitrary, placed there by the whims of a handful of people who are in power in the association. Here’s what you can do if its actions are unreasonable.
Most RWAs have byelaws that may contain information about how and to whom should issues be directed to. All appeals against the decision of the managing committee are escalated to the GBA, which should resolve the issue within a month.
Among other things, the government has decided to set up a committee to work on a model buyer agreement in order to speed up the home-buying process and protect customers from potential abuses.
Developers entice homebuyers by telling them that they only need to pay 5-20% of the property price while booking and that EMI payments will start only after they get possession. However, there is usually a time limit to such offers as the builder may state that possession will be given in two years or by a particular month and year.
Nearly five lakh houses are stuck in stalled projects in just top seven cities. Find out how some gutsy homebuyers took on builders to get their houses.
The courts, filing FIRs against the developer and filing cases with the Economic Offences Wing as well as the Enforcement Directorate are other options to put pressure on the developer and find a resolution.
Premium commercial real estate has traditionally been limited to HNIs. However, evolution in the financial sector and new-age technology has done the job for retail investors by bringing in the fractional ownership concept, which helps retail investors to pool in their resources and access CRE.
The steepest rise was at New Delhi's Khan Market where rents increased by more than a fifth followed by 16-18% surge at Bengaluru's Brigade Road and Indiranagar. Highstreets at Mumbai's Fort and Lokhandwala areas saw a 8-9% jump, according to property consultant Cushman & Wakefield.
Buying a property can be any buyer's nightmare. One is expected to be extra cautious as the process is fraught with potential legal hassles at every step. An agreement to sell is one of the first steps to give a legal shape to the verbal agreement between the buyer and the seller. It also specifies the date by which the transaction will be completed. Here is a list of seven key clauses that must be included in the agreement to sell to protect your rights as a buyer.
The real estate regulatory authority’s warning comes in the wake of number of complaints filed on daily basis in the city where the cheated buyers or allottees turn up for relief. “The authority has decided to fix this problem and working on it blacklisting such agents who have been charging brokerage arbitrarily,” said KK Khandelwal, Gurugram RERA Chairman.
Residential prices, which have surpassed pre-pandemic levels, have been seeing an upward trend led by rising demand amidst rising prices of construction materials. Delhi-NCR saw the highest increase in residential prices at 10% YoY, followed by Ahmedabad and Hyderabad with 9% and 8% YoY increase respectively.
Although the hike was expected (the last hike happened in October 2019), but it may eventually arrest housing demand as the overall cost of acquisition would go up for the prospective homebuyers.
The SC mandates the compulsory registration of property in case of transfer of title through a conveyance deed or sale deed. If one does not register the property, there is always an inherent risk of a future dispute. The government encourages registration too. But did you know that there are ways in which a home buyer can save on the property registration charges, and that too legally? Here is a look at four ways a buyer can save on property registration charges.
