Category Archives: Real Estate

Understanding Home Loan Prepayment

When one increases the tenure of their home loan, the amount of money that goes into payment of interest also increases. This interest payment you make to the bank is your burden that one shall strive to reduce it as much as possible. When one is prepaying the home loan it means he is paying extra principal component of home loan. Prepayment does not reduce your EMI but it will allow you to close your home loan much earlier. By paying early you are actually...

Realtors are pouring big money into homes for retired people

Vasant Kumar Nair bought a retirement home in Rajasthan about seven years ago, but initially was not entirely convinced he could live there after he retired. The housing complex in Bhiwadi had just a few families living there and the town was not completely developed. But after Nair's children grew up and moved out, he and his wife found themselves living alone in an independent house in Gurgaon on the outskirts of Delhi. "We were concerned about our safety and it was becoming increasingly difficult...

Odisha Property Brands Expo held in Bengaluru

Mo Ghara, Mo Odisha’, a two-day Odisha Property Brands Expo-2013 organised by a leading advertising and event management agency of Odisha in Bengaluru, concluded recently. The expo was inaugurated by Karnataka DGP Sushant Mohapatra and CREDAI Odisha chapter secretary Umesh Patanaik.

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.