Presently, the Indian real estate sector is at a stage where it needs a more simplified and faster process of getting project approvals as only then will the builders be able to focus on timely deliveries.
Over the last few decades, the real estate market in India has witnessed a burgeoning transition. Many new terminologies have been added with more complex data making it difficult for a normal person to understand.
The Brihanmumbai Municipal Corporation (BMC), the country’s biggest civic body, in a statement, has said that the work to dismantle and reconstruct 29 ROBs (road overbridges).
When it comes to taking a home loan, borrowers have to consider numerous options – different interest rates offered by various banks (which may be fixed rate, floating rate, or semi-fixed rate), in addition to eligibility and tenure.
‘Capital gains’ is one of the income heads, under the Indian tax laws. Any profit from the sale of a capital asset, is taxed under the head ‘capital gains’.
The satisfaction and feeling of being a proud owner of a Apartments in Andheri west are like any other feeling in the world. Deciding to buy a house is a big commitment. Real estate in Mumbai is soaring and there is more demand than supply as of now.
There have been cases galore, where home buyers have faced delays in getting the possession of their flats. In many cases, the delays have been for more than five to six years.
The city’s real estate sector has expressed disappointment over the repo rate hike announced by the Reserve Bank of India (RBI), saying it will adversely affect already slowing sales in Mumbai.