PROPGUIDE − A Complete Property Guide
#happyhome

#WeeklyRealtyNewsRoundUp: 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


#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

#RealtyNewsRoundup: RBI Caps Banks’ Exposure To Real Estate Trusts At 10%

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

April 19 2017

+ Click Here To Read This Article

#WeeklyNewsRoundup: RBI Allows Banks To Invest In REITs [Video]

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

April 08 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

#RealtyNewsRoundup: Noida May Hike Circle Rates Only In Premium Areas

Here are the top stories from the real estate sector.

July 26 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Uttar Pradesh To Hike Stamp Duty, Circle Rates

Here are the top news stories from the real estate sector.

July 21 2016

+ Click Here To Read This Article

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

It is not only the space cruch that has made the concept of compact homes popular. There are...

Kolkata stood at the 16th position in Mercer’s cost of living survey.

Homebuyers have the option to approach the National Consumer Dispute Redressal Commission, the apex...

Service tax is payable only on property purchase directly from developers and is not required in...

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

A look at five premium localities in India’s information technology capital, Bengaluru.

Noida offers a perfect blend of residential apartment societies, luxury villas and commercial...

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

PropGuide simplifies complex real estate jargons for you.

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

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

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top