Category Archives: Buying

Regulator for real estate likely soon

The government is looking to set up a tough regulator for the realty sector with provisions of even jail term for developers for putting out misleading advertisements about projects.Undeterred by stiff opposition from private developers and builders, the housing ministry is pushing hard to bring the real estate regulator bill, aiming to protect home buyers, in the current session of Parliament. Housing minister Ajay Maken on Sunday said the bill was expected to be brought up for consideration of the Cabinet soon before being introduced in Parliament.Will regulator be set up by 2014?However, it will...

Home loans see near-flat growth in April-January

The rush for retail credit hasn’t brought much cheer to banks in terms of home loan growth rate. Year till date (April 2012-January 2013) data from the Reserve Bank of India show growth in home loans is close to flat.During the period, home loans grew by 10.4 per cent, compared to 10.5 per cent in the similar period last year.Banks, which are expanding their home loan book, are aggressively taking over loans of other banks by offering lower interest rates and securitisation. Even for the...

Housing prices rise by up to 9.6% in 18 major cities, Bhubaneswar up by 2.4%

Housing prices have risen in 18 major cities, including Delhi and Mumbai, by up to 9.6 per cent during the October-December period 2012 compared with the previous quarter, according to National Housing Bank (NHB).Mumbai and Delhi witnessed the maximum increase in housing prices at 9.6 per cent each. Of the 20 cities tracked by NHB ‘RESIDEX’, prices have dropped in only two cities — Faridabad and Indore. “In the majority of cities prices are witnessing an upward trend,” NHB said in a statement. “The movement...

Tata Housing forays in Odisha with Ariana

Real estate major Tata Housing Development Company today announced the launch of Ariana, Bhubaneswar’s first integrated residential complex at Shankarpur. “Over the last few years, real estate as an industry has gained momentum across Odisha with improvements in infrastructure like the new international airport here,” said Managing Director and CEO of Tata Housing, Brotin Banerjee.

Bhubaneswar amongst cities identified as new growth centers for residential realty

Tier I cities are reaching a saturation point. Rapid industrialisation and increase in growth of services sector activities has resulted into increasing disposable income, favourable demographics, changing lifestyles and growth of population, which is becoming upwardly mobile. Prominent tier II cities such as Bhubaneshwar is witnessing increased interest by investors, particularly in the residential real estate market.