realestate2022

General Elections 2019 What do home buyers and the real estate sector want from Modi Sarkar 2.0 With the results of the general elections 2019 out, we look at how a second term of ‘Modi Sarkar’ will impact the real estate industry and the expectations of the sector from the government that will rule for the next 5 years. With the results of the Lok Sabha elections 2019 showing a return of the Modi government with full majority of its own, the expectation across the realty sector is that of optimism.  According to  Rohit Poddar, managing director, Poddar Housing and Development Ltd  and joint secretary, NAREDCO West, the real estate sector expects the new government, in its second term, to re-energise reforms related to infrastructure investment, land acquisition and speed up the regulatory functions of the state. “We expect the government to take measures to expedite and streamline environment clearances for new projects, which is a two-stage process and takes 2 to 3 yea...

What To Do If Housing Project Is Endlessly Delayed? (Wikipedia) Hopes of thousands of homebuyers who have been patiently waiting for the Supreme Court (SC) to give them justice have taken a severe beating. It has been hearing cases involving India’s major real estate developers, including Amrapali, Jaypee and Unitech, for two years now without being able to find any solution. These homebuyers had already spent several years waiting for their homes before they approached the apex court, seeking justice. In a scenario such as this, what could be the most logical thing for a homebuyer, who used all his savings relying on the fact that they would soon be able to move out of their rented accommodation, to do? The right strategy Knee-jerk reactions could only aggravate the troubles if you have been at the receiving end of a project delay. Whatever your modus operandi may be, it has to be well thought-out. Your plan must be chalked keeping in consideration your specific case. As a buyer, you ...

Why This Akshaya Tritiya Is More Auspicious For Investing In Property (Dreamtime/Yuliya Kushnerik) Even the most impulsive of buyers patiently wait for the right occasion before they start a new life in a new home. For most people, the Akshaya Tritiya is that perfect occasion, which would be celebrated on May 7 this year. Before we talk about the many monetary benefits homebuyers stand to gain if they buy an immovable asset this Akshaya Tritiya, it would be appropriate to find out more about the occasion and what lies behind its religious significance. What is Akshaya Tritiya? Astrologically speaking, Akshaya Tritiya is one of the three-and-a-half tithies (dates) in the Hindu calendar that are considered the most auspicious; the other two-and-a-half are the first tithi  in the month of Chaitra, the 10th in the month of Ashwin (also known as Vijaya Dashmi), and half of the first in the month of Kartik. The Sanskrit word Akshaya means something that never diminishes while Tritiya imp...