Real Estate Bill to be referred to the Select Committee on Wednesday

Much debate was seen over the Real Estate (Regulation and Development) Bill over the past few days. Congress party’s newly invigorated Vice President Rahul Gandhi strongly opposes the deal as he says that the Bharatiya Janata Party (BJP) is amending it only in favor of the builders. He considers it to be anti homebuyer and highly favors the builders. Rahul Gandhi also pulled out a last minute homebuyers protest on Monday.

The Rajya Sabha said that it would refer the bill to the select committee for discussion on Wednesday. The government also urged Rahul Gandhi to thoroughly study the proposed amendments before opposing it and starting a protest against it. But with the opposition gaining more power by the day, the House is trying to bring in more parties to support the bill so that they can pass it. [Read more...]

Jan-Mar 2015 Report: Buyers Prefer Larger Homes over Smaller Ones

While affordable housing and low cost residential properties were all over the news in 2014 and early 2015, the demand for larger houses, much to everyone’s surprise, witnessed an upward movement. According to the reports of Magicbricks.com, the demand for plotted developments also increased in the first quarter of 2015.

The trends noticed by the real estate experts suggests that instead of going for a small one bedroom apartment for a very low price, buyers are inclined towards investing a little more into a larger home that gives perfect value for their money. People are searching for larger houses that can fit into their budgets. The trend was seen in the most active real estate markets like Noida, Gurgaon, Chennai and Bangalore. [Read more...]

France joins hands with India for Smart Cities, Railway and Space Research Projects

Prime Minister Narendra Modi’s France visit on April 10 proved to be very fruitful. As per reports, France will collaborate with India in the development of its smart cities. The country would also partner India in a study aimed at the upgradation of the Chandigarh-Delhi Railway Line and speeding it up to 200 km per hour. Renovation of Ludhiana and Ambala Railway Station has also been planned.

In his meeting with Modi, French President Francois Hollande expressed his keen interest in the list of smart cities to be developed in India. As a result, it was marked as the technical cooperation under the field of Sustainable Urban Development between India and France. The assistance from France would be a major help for the government of India in setting up self-sufficient smart cities in different parts of the country. These smart cities would also boost the residential and commercial real estate around these areas. [Read more...]

How Odisha is Making Low-Cost Houses for Poor

propertynewsindia.in1  How Odisha is Making Low Cost Houses for PoorThe government of Odisha is making all the effort to create solid housing infrastructure for the poor in the state.

In a bid to provide low cost housing for the poor strata of the society, the Chief Minister of Odisha has announced plans to launch Shelter Security Mission in the state.

As part of this program, the government would be spending between Rs 15,000 to 20,000 crore and looking forward to provide low-cost affordable housing for the poor in both rural and urban areas of the state. [Read more...]

How to Earn Revenue from Your Investment Property

propertynewsindia.in1  How to Earn Revenue from Your Investment PropertyMost individuals purchase real estate in anticipations of making wealth from their property acquisition, just as they might with any other investment asset. Though, real estate is exceptional in that it has four different components of investment returns. Fundamentally, here are the four ways you can create money as an outcome of real estate ownership:

  • Property value appreciation
  • cash flows
  • income tax advantage
  • loan principal pay down

It’s imperative to note that just for the reason that there are numerous mechanisms of returns; it does not imply you will always make money on realty investments. Various people go through terrible losses due to inadequate research and study, as well as because of risk matters that have not been mitigated. Do your homework before you invest in real estate. [Read more...]

Buying a Property with Tenants in Place

propertynewsindia.in1  Buying a Property with Tenants in PlaceThere are loads of paybacks to purchasing an investment property with current tenants.  One will start making rental proceeds from the settlement date of the house, and need not bear the costs of marketing the property to tenants – not to mention you can escape the aggravation of looking for a new property manager.

But buying a house that comes with its own tenants can also have its disadvantages.

Your responsibilities towards your tenants:In case the occupants have been there for an extensive period and the house is in decent condition, you will be quite sure that the occupants have had a good rapport with their landlord.  However what if you’re not content with the occupants of the house you’ve bought? [Read more...]