PROPGUIDE − A Complete Property Guide
#happyhome

Weekly #RealtyNewsRoundUp: Gurgaon District Administration Slashes Circle Rates By 15 per cent

Loading video...

Description

Realty News Weekly Roundup is PropGuide’s selection of top stories of the week from the real estate sector.

Mortgage lender HDFC will float Masala Bonds worth Rs 2,000 crore to attract capital into the housing sector in India. So far, no corporation has ever floated a masala bond. As interest rates are negative in nearly a quarter of the world, HDFC thinks that investors will consider masala bonds safer and high-yielding assets. Read more. 

To allow the real estate markets to recover, circle rates in Gurgaon were slashed by 15 per cent. The district administration had left the circle rates unchanged in the past two years, but the real estate markets did not see a revival. This is the first time circle rates are being reduced in Gurgaon. Read more.

A Reserve Bank of India (RBI) report says that the housing sector does not pose any systemic threat to the banking system. The RBI said this is because the non-performing assets (NPAs) among retail loans were contained. Read more. 

The Brihanmumbai Municipal Corporation (BMC) will survey all properties to widen its tax net and check illegal construction in Mumbai.  The BMC will use the light detection and ranging technology and the video recording technology to survey properties. Other civic authorities also will have access to this data.  Read more. 

Developers’ body CREDAI has asked the Uttar Pradesh government not to raise circle rates in Noida. CREDAI thinks that circle rates in Noida are higher than the market value of real estate, and that if the government raises the circle rate further, market transactions may come to a halt. Read more. 

 

 

Tags: Noida, Real Estate News, NCR, RBI, Reserve Bank Of India, News from real estate sector, Brihanmumbai Municipal Corporation, Video, Circle Rate, CREDAI, Weekly Roundup, Masala bonds, propguide, Circle Rates in Gugaon, Circle Rates in Noida, HDFC Masala Bonds


Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

Unsold Inventory: Learnings From PropTiger Q2 Report FY'16

Unsold inventory in major Indian cities have been declining, quarter by quarter.

November 10 2015

+ Click Here To Read This Article

Proposed Dwarka-Manesar E-Way To Bring Realty Boom In NCR

In the hope of discovering a new and possibly the last of such realty hubs in the National Capital Region, many expats and other investors have rushed in to put in their money.

June 05 2015

+ Click Here To Read This Article

#WeeklyRealtyNewsRoundup: Rajya Sabha Clears GST Bill, Prices Of Under-Construction Apartments To Go Up

Here are the week's top news stories from the real estate sector.

August 06 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Don't Hike Circle Rate in Noida, CREDAI Tells UP Govt

Here are today's top stories from the real estate sector.

July 01 2016

+ Click Here To Read This Article

#Budget2017: Top 5 Wishes On A Real Estate Developer's Mind

One of the country’s largest contributors towards Gross Domestic Product (GDP) and employment generation, real estate sector, is extremely hopeful for a positive Budget 2017-18.

January 17 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Loan Borrowers To Get 60-Day Breather From RBI

Here are today's top news stories from the real estate sector.

November 22 2016

+ Click Here To Read This Article

#WeeklyNewsRoundup: Noida Authority Approves Exit Policy For Developers

Here are the week's top news stories from the real estate sector.

October 29 2016

+ Click Here To Read This Article

We list five global cities that offer you a comparatively low cost of living. Here is a little tip....

Here are today’s top news stories from the real estate sector.

To fulfil the soaring demand for luxury property among potential home buyers in Bengaluru, the...

Here are some DIY tips to check whether your new real estate investment is legally clear.

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

PropGuide tells you how a better metro connectivity will raise real estate prices in Noida.

The first phase of a Metro network is already changing the way people commute in Bengaluru. Upon...

Banks and developers are taking several initiatives to shift India’s home-ownership pattern in...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

PropGuide simplifies complex real estate jargons for you.

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top