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Guidance curve for realty
NHB Residex will ensure transparency and hence attract more foreign investment, builders tell
S. Satyanarayanan
Property
dealings in India are still riddled
with “grey” buisness and transparency in deals is still a far cry in many
parts of the country. With the real estate boom in the country, property prices
are skyrocketing and there is an element of overheating.
Realty Index has headroom for growth
BSE launched the index this week to track prices of the real estate stocks, reports
Shiv Kumar
Punters
heralded the advent of the BSE Realty
Index this week by taking the newborn to a 43 point high on the very first day
of trading.
Housing index under construction
RBI moots a norm to study the progress of infrastructure in the housing sector, says
SC Dhall
Due
to boom in housing sector - the
Reserve Bank of India (RBI) plans to create “Housing Statistical Index”.
This will help to study the progress in the housing sector. In India, the data
on housing sector is not maintained property by both borrowers and lenders,
providing dissimilar information.
 Ugly underbelly
Jupinderjit Singh
talks about the crime and the darker side
Making
profit or suffering losses is a part
of the game in real estate. At times greed or fear of losses as well as
selfishness in seeking more share than others brings out the darker side in the
trade that leads many to take lives of their blood relatives or dear friends
just to make more profit, which otherwise might have been shared. This side has
taken an epidemic form in the industrial cities like Ludhiana, Jalandhar and
Amritsar where the fast expanding cities engulf village land thus escalating
prices within a short period of time. The same happens at select places in the
city which get more developed or are situated near an upcoming development
project.
Estate
talk
Unitech aims apartments at high networth individuals
India’s
leading real estate developer stunned the nation when it bagged the largest land deal in the country for a record sum of Rs 1,582 crore at Noida. Now it plans to come up with an imposing piece of architecture that will boost the skyline to offer upscale residential homes overlooking a Greg Norman signature golf course.
Sanjay Chandra
Actor and goodwill ambassador of Plan India Anil Kapoor listens to a question from the media as Country Director Plan India Roland Angerer (right) looks on at a press conference in New Delhi. Carlson Hotels Worldwide announced a collaborative initiative with Plan India, an NGO working for the childern in adverse circumstances. As per the initiative Rs 40 at every guest check out would be contributed by all Radisson Hotels and Resorts and Country Inns and Suites of the Carlson Group in India.— AFP
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My home, my style
Blend colour and fabric to generate a new look, suggests
Smriti Sharma
Everyone
pines to have a dream home decorated
in a way that reflects inner thoughts. For that one needs to choose colours and
themes that are a fine mix of contemporary design and trendy style. Whether you
are decorating a single room or the house as a whole, you need to cultivate a
decorating style of your own.
GRound
REALTY
Don’t stretch Vaastu too far
Jagvir Goyal
shares some tips that can make a builder’s job easy
Guidelines
on many important activities of house
construction such as purchase of plot, foundations, brickwork, shuttering,
reinforcement, RMC etc have been given under this column. There are some finer
points caring for which may pay dividends to the house builder.
TAX
tips
Add amount spent on registration towards cost of plot
Q. I have purchased a plot of land recently in my own name. However, the construction thereon would take two to three years time. I would be arranging funds for construction out of my own sources as well as by obtaining a loan from a bank. I have two questions in this regard:
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