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In a market predominantly driven by investors, sustaining for any developer in Mangalore is limited beyond a particular extent. However, with the influx of BPOs and other companies entering the city, more end users are entering the market now. There has been a 20 per cent price rise in property values across all micro-markets. ..
Real estate industry body, CREDAI, has demanded for a single window clearance system, to speed up the approval processes. “McKinsey has said in its report to the Government of India that delays in approval processes alone increase sale value of houses by 40%,” said CREDAI in its press release. ..
Builders are now thinking for the elderly and the handicapped people while designing their new projects. ..
Henceforth, owners of nonhigh-rise buildings (structures between 10 and 15 metres height) would have to obtain a licence from the AP State Disaster Response and Fire Services department for their property. However, for the licence, property-owners have to pay a fee after providing fire-fighting equipment on their premises. ..
The current crisis in the real estate market has not prevented listed companies in the sector from doling out liberal dividends for the fiscal year 2012 and helping their promoters to make a killing even as the companies struggled to pare debt. ..
The government on Wednesday extended by one year the one per cent interest subsidy scheme on housing loans of up to Rs 15 lakh, where the cost of the house does not exceed Rs 25 lakh. ..