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SBI provides home loan
Posted on Nov 27, 2014
GUWAHATI, Nov 23 – The Assam Real Estate & Infrastructure Development Association (AREIDA) in association with State Bank of India (SBI), the largest bank in the country, is organising a home loan fair under the banner “Areida Realty Summit-2014” at Hotel Brahmaputra Ashok, here a press release stated.

Ajanta Neog, Minister of PWD, who was the chief guest, along with Sanjay Kumar Magoo, Chief General Manager, State Bank of India, North Eastern Circle, formally inaugurated the fair in presence of PK Sarma, president of AREIDA, Mahendra A Sahu, general manager of SBI, distinguished guests, a large gathering of public and other senior functionaries of the bank.

The summit is providing an opportunities for customers and prospective buyers to meet 48 reputed builders and developers from Guwahati, Jaipur, Delhi, Kolkata and Bangalore to provide complete home solutions under one roof. On the occasion, SBI is proposing to give “in principle approval” to the customers based on certain criteria.

SBI is also giving concessions in margin money, rate of interest and processing fees for all the loans availed during the property fair period. With a view to providing one-stop solution for all their needs in the form of consultation and finance, SBI executives from HLST, RACPC, SBI Life, will be at their service at the SBI counter. Conferences and seminars are also being held at the summit and property and building materials are also being displayed, the release added.

Varthur Road: Residential property in demand
Posted on Nov 27, 2014
BangaloreThe Varthur Road belt developed primarily owing to the presence of the ITITeS sector in Whitefield and Sarjapur-Outer Ring Road (ORR). It witnessed commercial development with the advent of ITITeS in Whitefield in the late 1990s, leading to the growth of residential, retail and F&B in the area.Satish B N, Executive Director South, Knig ...

Rooms for rent gaining demand in Bengaluru
Posted on Nov 27, 2014
If you are looking for a suitable accommodation to rent in Bengaluru but have a low budget, why not try the rooms that are available for rent?Before you look to renting a space in Bengaluru, one must know how much rent you can afford? If your budget is not enough, then renting out a single room turns out to be a savior as it not only fulfills your ...

Investing along the Mumbai-Pune Bypass Road
Posted on Nov 27, 2014
If you are looking to invest in properties along the Mumbai-Pune Bypass Road in Pune, consider localities such as Wakad, Ravet and Tathawade. Currently, tagged as affordable these emerging markets offer properties in the price range of Rs 4,000-6,500 per sq ft.Buyers from Pune and Mumbai invest in properties here. “Proximity to the Bypass Road has ...

Delhi real estate: Plots and builder floors at Ashok Vihar
Posted on Nov 27, 2014
New Delhi: Ashok Vihar, like the rest of Delhi, is a conurbation of plotted row houses and colonies. No major private developer apartment projects are being launched here, nor are any possible in the near future.However, the location is witnessing an increase in development of independent floors on housing plots. This is typically done by local bro ...

Hadapsar shows rental market appreciation of 20%
Posted on Nov 27, 2014
If you own a house in Hadapsar, you are one of the lucky few as your house can fetch decent rental yield. According to data with Magicbricks, over the last one year, Hadapsar has shown a good price appreciation in the rental market, clocking a 20 per cent rise. What stood at Rs 11.50 per sq ft in Jan-Mar 2013 had climbed to Rs 14 per sq ft in Jan-M ...

Navi Mumbai: Best for affordable 1-BHK units
Posted on Nov 27, 2014
Today, Mumbai is a city where buying a property is generally for those with deep pockets. A middle-class buyer, on a really small budget, is unable to afford anything beyond a 1-BHK unit.The irony is that there is close to no supply of 1-BHK units in the city .Those wanting to buy 1-BHK units can choose from several options available towards Navi M ...

Fixed rate loan is back
Posted on Nov 27, 2014
After a long time, the fixed rate home loan is back in the market. Over the last few years, the interest rates on housing loans have been gradually increasing. Even though they stabilized over the last couple of years, there were not many banks offering a fixed-interest rate loan. In case of a fixed-rate loan, the rate of interest is decided before ...

Prices rise in Mumbai, Pune rental market picks up in Ahmedabad
Posted on Nov 27, 2014
Recently, Magicbricks conducted a webinar on ‘Prices rise in Mumbai, Pune; rental market picks up in Ahmedabad. Noted experts, E Jayashree Kurup, head, Content and Research, Magicbricks and Uma Sitharaman, lead researcher, IIMB-Century Real Estate Research Initiative (CRERI) discussed sentiments across ten leading Indian realty markets with a spec ...

Massive real estate boom in AP
Posted on Nov 22, 2014
HyderabadAndhra Pradesh is witnessing a real estate boom post bifurcation, with property registrations doubling in the 13 districts during the last few months as compared to the same period last year. Real estate speculation in the hope of capitalizing on the demand for land and frenzy over the construction of the new capital are said to have contr ...

High realty prices push down demand, home loan growth
Posted on Nov 22, 2014
At a time when most asset classes, including equities and debt, are on an upswing, the slump in residential demand on account of high real estate prices is now evident in the demand for housing loans from banks. A look at the monthly data released by the Reserve Bank of India shows that in the six-month period between April and September 2014, the ...

Infinity Group to launch 1.25 crore sq ft of affordable housing
Posted on Nov 22, 2014
Kolkata-based Infinity Group known for its iconic green IT office developments is preparing to make its foray into affordable housing with an ambitious plan to launch 1.25 crore sq ft of affordable housing.In an exclusive interview to Realty Plus, Ravinder Chamaria, Chairman, Infinity Group told that the company will launch its first flagship proje ...

Hike in guidance value may hit flat buyers
Posted on Nov 22, 2014
BangaloreThe recent revision of guidance values will increase apartment prices and add to the burden of people who are yet to register properties bought years ago, experts said.Buyers might have to shell out 10%-15% more for buying apartments in newly launched projects as developers will be looking to pass on the hike in guidance value to customers ...

Buying a home next to office is value for money in Hyderabad
Posted on Nov 22, 2014
What is a ‘value for money home in Hyderabad? For most buyers, the ‘right home is one that is at a close distance to their office. In other metros, high property prices within the city force buyers to look for homes in the periphery. In Hyderabad, spacious and affordable properties are easily available within the city and are at a walkable distan ...

Adyar gains back buyers’ preference
Posted on Nov 22, 2014
Re-development and cleaner environs has brought back home buyers to Adyar, which notched up the sixth spot in the Magicbricks list of top 10 preferred localities for sale in the Jul-Sep 2014 quarter.One of the most premium residential pockets of Chennai, Adyar had lost its sheen as a residential address largely due to unavailability of new projects ...

What are ‘value for money’ homes for GenY in Bangalore
Posted on Nov 22, 2014
Imagine paying an EMI for your ‘own home equivalent to the amount of rent you have paid? Such is the story of maximum home buyers in Bangalore. “They see value in saving their rent and owning a property,” says Nadeem Pasha, head marketing sales, Clickhomez.In Bangalore, staying on rent is expensive. You have to pay an advance deposit of 10 months ...

Where to look for penthouses in Pune?
Posted on Nov 22, 2014
Seven new projects in Pune, handing possession, are offering Penthouses in Kharadi, Wakad, Moshi and Baner, while seven others are expected to be delivered in early 2015, as per the data available with Magicbricks. Most of these projects are priced Rs 1 crore and above. Along with new projects, supply in the secondary market is also available in th ...

Kolkata makes a move towards apartments
Posted on Nov 22, 2014
When it comes to buying a home, across India, apartments are known to be the most preferred property type. Kolkata property buyers also prefer apartments over the standalones available in large numbers in Jadavpur locality.“There is a considerable supply of standalone buildings in Jadavpur, but right from enquiries to the final transaction, the bu ...

Realty Players Expect BJP Govt To Boost Property Market In Mumbai & Gurgaon
Posted on Nov 22, 2014
With the BJP taking charge in Maharashtra and Haryana, the real estate industry is expecting revival of the realty market in these states. According to industry players, the revival in the markets will be driven by a rise in the investment inflow in real estate projects through public private partnership (PPP) model."Mumbai and Gurgaon have the lio ...

Realty market cools as buyers wait for positive signs
Posted on Nov 22, 2014
The Bengaluru real estate market has always been buoyant, aggressive and resilient on account of cosmopolitan social infrastructure, supported by physical infrastructure and high absorption rate of apartments and villas. However, buyers are adopting a cautious wait and watch approach since April 2014, on account of supply and demand bottlenecks, an ...

Recent Articles
SBI provides home loan
Varthur Road: Residential property in demand
Rooms for rent gaining demand in Bengaluru
Investing along the Mumbai-Pune Bypass Road
Delhi real estate: Plots and builder floors at Ashok Vihar
Hadapsar shows rental market appreciation of 20%
Navi Mumbai: Best for affordable 1-BHK units
Fixed rate loan is back
Prices rise in Mumbai, Pune rental market picks up in Ahmedabad
Massive real estate boom in AP

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