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adProperty News For January 2010

Maha realty to cost more with new ready reckoner
Source : Business Standard Published On : 2010-01-02 City : Mumbai

The state government today increased the market value of real estate by 10-20 per cent in its Ready Reckoner 2010.

The ready reckoner is a guide for the market price of residential and commercial properties, based on which stamp duty and registration fee for their sale and purchase are calculated.

Under the revised rates, a land owner would have to pay more stamp duty because his land got more expensive the developer would raise the sale price of his finished property since his land acquisition cost got higher; and a retail buyer would have to cough up more for property, stamp duty and registration fee....

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Home loan demand to build up in 2010
Source : Business Line Published On : 2010-01-02 City : Mumbai

The year 2009 was a good one for home loan borrowers. Banks rolled out the goodies for them in the form of low interest rate offers and special home loan packages. Stable property prices also helped. So, the demand for home loans was steady.

With the economy poised for strong growth and confidence returning to the capital market, most players expect the demand for home loans to grow in 2010. Bankers expect disbursements to be around 25 per cent higher next year.

Economic slowdown...

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2010 promises to be a momentous year for realty
Source : The Economic Times Published On : 2010-01-01 City : New Delhi

The decade, which closed yesterday saw a rollercoaster ride through it started off full of uncertainties and a negative outlook, it is ending on a note of hope and positive outlook.

Despite a slow start in the first two years of the new millenniums decade, the real estate sector witnessed an unprecedented growth during the period.

In almost all the major cities and towns of the country, real estate sector was on a highoctane drive, both in the capital values and in the construction activities. The NCR region, in particular, was witness to a number of new areas being developed during the decade....

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Home feng shui matters
Source : The New Indian Express Published On : 2010-01-02 City : Chennai

Home decorating is a long-drawn process. You can either get a modular home or go modular home or go about the home improvement scheme yourself.

Home decoration ideas are available aplenty. The range of home furnishings is mind-boggling jacquards, satins, tapestry, silks and many more.

What is Feng Shui decorating all about? It all about using space in your home or office effectively in order to attract and keep the chi in. Feng Shui interior decoration encompasses the golden and practical rulesof housekeeping as well as Feng Shui beliefs....

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Affordable segment continues to hold the key
Source : The New Indian Express Published On : 2010-01-02 City : Chennai

The year 2009 started with gloom, painted all over the real estate sector. So much so, several of the leading realty players had to mop up funds to feed their cashstarved enterprises to retire old debts and fund new projects.

Industry players had written off the realty sector till 2011. Every constituent of the industry (developers, realtors, lenders and property seekers) were pinched down by the negative impact of the global slowdown.

But, according to industry observers, the gloom was short lived and the signs of revival were visible since April-May'09....

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