PROPGUIDE − A Complete
Property Guide
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If we analyse the current state of affairs, property markets around Noida are reeling under immense pressure ─ according to the Uttar Pradesh Real Estate Regulatory Authority, there are over 100 stuck projects in the region; private estimates peg this number at 1.5 lakh units. That is just part of a much bigger problem Noida realty is currently dealing with. To make matters worse, some of the biggest developers of the region are close to insolvency. Can the upcoming Jewar airport help Noida realty get over the bounce back in a situation like this?
State Bank of India reduced its marginal cost of lending rate (MCLR) by five basis points across all tenors for the second time in a month bringing down the one-year MCLR to 8.45 per cent per annum. The new rates have been brought into effect from from May 10. For home loans of up to Rs 30 lakh, SBI had lowered the rates by 10 bps, between 8.60-8.90 per cent, from 8.70-9 per cent earlier.
Moving from one city to another has been quite an easy task in today's time. Let this ease of doing business, however, not make you less careful. Showing a laid-back approach is no choice because you sit in the capacity of the monitor, and not an executer. We all agree on the point that doing a job ourselves is much easier than making someone else do it as efficiently as you do, do we not? Now, here is what not to do when leaving behind one city for another.
Career-oriented women are shifting base to big cities to find better employment opportunities. As they advance in their professional lives, they are also actively considering having homes of their own there. Mind you, women property seekers are not willing to “make-do” options either. Keeping their budget and size preferences in mind, let us find out which are the perfect localities for India’s women to settle in the country’s biggest cities.
Long before the government decided to give affordable housing an industry status to make its dream of housing-for-all-by-2022 come true, and longer before it lowered the Goods and Services Tax rate on this housing segment to push demand, it gauged big cities won’t be able to cope with the pressure that the arrival of migrants caused on them. It started the process of opening up peripheries for future developments. Developers who had the skills to see the future were quick to sense the opportunity. Now, if you fast forward and look at where India’s affordable pockets stand currently, you could only wonder. What went wrong?
