realestate2022

What Is In Store For Homebuyers In 2020? (Wikimedia) As we enter a new year, we expect to see positive changes in India's real estate sector. In this article, we discuss changes that homebuyers can expect in major property markets across India. Rates may move upwards in some markets The kind of price correction buyers expected in a slow moving market didn’t really happen on the ground. While some overvalued property markets did see some correction, rates simultaneously increased in some other markets, even if marginally. PropTiger.com data for instance, shows property values appreciated by 40 per cent in Hyderabad in the past five years. The upward move is likely to continue in Hyderabad and other cities including Bangalore and Mumbai.  Banks likely to offer better home loan deals The RBI may have dazzled consumers with its rate cut spree in 2019 by reducing its lending rate by 135 basis points. However, the rate transmission by banks has been shockingly slow. Data show that the di...

Vastu Tips For A West-Facing Home Manisha and Vedant Roy are not particular on how Vastu affects one’s life, but when it came to buying a property, they made sure they did some due diligence. “A Vastu-compliant home is easy to sell in the secondary market. So, we did not want to take a chance on that. Plus, there is no harm in opting for a house that everyone deems fit,” shares Vedant. When the couple zeroed down on a property, they were unable to make up their mind about the west-facing unit that they were shown around. Many of our readers might also be in the same dilemma. If you are unable to make up your mind, we are listing the significance, impact and ways of using a west-facing unit for your benefit. What is a west-facing property? A unit where the main door faces the west direction is regarded as a west-facing property. While east-facing units are most coveted, west-facing homes can also be made equally auspicious by following a few Vastu tips and tricks. In fact, in some cult...

(Wikipedia) It’s no coincidence that the realty and banking sectors have been hit by difficult times almost simultaneously. This can be attributed to the symbiotic association they share. For instance, the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank: Over 73 per cent of all its loans went to Mumbai-based builder HDIL alone. Until about 2012, before regulations started kicking in, banks happily obliged builders with grand schemes, promising homes to India’s teeming millions. Buyers then were perceived to be desperate to possess homes at any cost. However, come 2012, amid delinquencies, banks changed tracks and adopted an extremely cautious approach. However, this wasn’t a great cause of concern among builders as there were non-banking financial companies (NBFCs) to fill the void. Also, they had buyers willing to invest in their plans, which were still only on paper. Developers, in the name of project pre-launches, took huge advances from homebuyers and didn’t have to pay an...