Current Price $541.27
For the second consecutive fiscal, the Ready Reckoner (RR) rates in Maharashtra will remain unchanged in 2019-20. Revenue department officials said the decision to keep the rates unchanged was taken at a meeting ahead of the announcement of the Lok Sabha election schedule on March 10 and implementation of the model code of conduct. They said the decision was a…
Mumbai, the country’s commercial capital, has emerged as the 16th most expensive prime residential property market in the world. In terms of price rise, Indian luxury home markets remained low on growth chart with Delhi gaining 1.4%, Bangalore 1.1% and Mumbai 0.3%, showed one of the Prime International Residential Index. Known for its upscale casinos, yacht-lined harbour and prestigious Grand Prix motor race, Monaco emerged…
A direct correlation can be seen as many NBFCs have been facing liquidity challenges resulting in slower loan disbursements and eventual fall in demand and consumption. MUMBAI: India’s GDP growth slowed to 6.6 per cent in the October-December quarter of 2018-19, the lowest rate in five quarters, primarily due to the stress among the non-banking finance companies (NBFCs). A direct correlation can…
According to the Union housing and urban affairs ministry, which is mandated to implement the PMAY (U), Uttar Pradesh has been sanctioned 1,79, 215 houses, followed by Andhra Pradesh with 1,10,618, Maharashtra 1,01,220, Karnataka 48,729, among others. NEW DELHI: The Centre on Monday approved over 5.6 lakh houses under the Pradhan Mantri Awas Yojana for urban poor, taking the total…
To boost demand in the real estate sector, the GST Council on Sunday slashed tax rates for under-construction flats to 5 per cent and affordable homes to 1 per cent, effective April 1. Currently, the goods and services tax (GST) is levied at 12 per cent with input tax credit (ITC) on payments made for under-construction property or ready-to-move-in flats where completion certificate is…
The government on Monday notified the final rules to implement the Real Estate (Regulation and Development) Act, 2016 (RERA) that aims to bring transparency and set accountability in the sector and help in completion of stalled projects. The rules will be applicable for five Union territories without legislature of Andaman & Nicobar Islands, Dadra & Nagar Haveli, Daman & Diu,…
The residential sales recorded at 69,886 units in Q3 of FY19 as compared to the same period last year, mainly driven by affordable housing segments. Third-quarter residential property sales saw 5% jump in year-on-year basis across top tier I cities in the country with southern cities leading the growth. The residential sales were recorded at 69,886 units in Q3 of FY19 as…
Property valuation is a major component of a property transaction. It evaluates the market value of the Real estate property. There are a number of methods for valuing real estate assets. Different types of Valuation methods may vary depending on whether you are buying, selling or building the property. Depending on the valuation method used, the value of property may vary.…
Property valuation is an important process during buying or selling of property, be it commercial or residential. You can learn more about the importance of property valuation by clicking here. In today’s article we’ll learn some of the most important documents that are essential during a valuation process of any property. Without these documents it’s not possible to carry out…
Property valuation is the process which determines the economic value of real estate properties. Property valuation typically seeks to determine fair market value, the price at which a knowledgeable seller is willing to sell the property and a knowledgeable buyer is willing to purchase it. In other words, it assumes both parties have all the relevant information and neither is forced to…
