Real Estate News

  • Exploring the Real Estate in Bhopal: A City of Lakes and Opportunities of 1 Cr+

    Bhopal's real estate market is on a transformative journey, offering a spectrum of opportunities.

  • Supreme Court Gives Interest Rate Relief To Noida Realtors

    The Supreme Court has asked the authorities in Uttar Pradesh to link the penalty for delayed payment of State Bank of India’s marginal cost of lending rate, bringing relief to real estate developers in Noida and Greater Noida. This order delivered by Justice Arun Mishra and U U Lalit aims to reduce the burden on builders to enable them to clear their dues and get completion certificates from Noida and Greater Noida authorities.  Developers can now pay a penal interest lower than the usual 20%. The SBI MCLR Is pegged at 7.3% for three-year loans, however, the builders will be required to pay 25% within three months and clear all dues wi...

  • Virtual Tour: The “New Normal” in Real Estate

    The uncertain times of COVID-19 has forced property consultants and developers to adopt the virtual route for their prospective buyers in order to attract them to purchase a house during these times. Virtual Tours, an emerging trend prior to COVID-19 crisis is gaining popularity rapidly in these uncertain times owing to the lockdown and travel restrictions. This technology is going to become an integral part of the real estate business in the coming times. The prospective home-buyers are unable to visit the site as a result the property consultants and dealers are using drones to give the live status of the property the buyer is interes...

  • Living in Newly Built Housing Complex? Things to Follow During COVID-19 Pandemic

    Newly built housing complex means no society in place. Some find it as an advantage and are leading a healthy life – kids playing in the park, morning/evening walk, and above all, no social distancing. Prime Minister of India, Sri Narendra Modi announced a 21-Day lockdown of the country which has extended to the 3rd of May 2020. All that is needed at this point is social distancing. It is vital that despite non-societal residences, one needs to follow specific locations to keep COVID-19 at bay.   Who Should Dictate Rules? In the absence of society, according to RERA Act Section 11, which is mandatory, the developer needs to own respo...

  • Know If the PMAY-U Would be Extended due to Novel Coronavirus

    It’s nationwide lockdown due to COVIDE-19. Of all other standstill situations, beneficiaries are awaiting the decision on Pradhan Mantri Awas Yojana (PMAY) which they had to avail on the 31st March 2020. Since the affordable housing scheme in India has been a long-standing demand, everyone is at a fix to know how the force majeure (comparable with Act of God) clause would impact PMAY scheme due to lockdown. At present, the Ministry of Housing and Urban Affairs has not let out any information on the PMAY scheme due to COVID-19. Relief is likely in store for this central scheme.   About Extension of PMAY Subsidy Scheme Now we all hav...

  • Is Buying a Home During COVID-19 Pandemic a Good Idea?

    Uncertainty is prevailing during COVID-19 pandemic in all aspects – stock exchange, investment, job security. You may think buying a home during COVID-19 pandemic is out of the question, there are several positives in investing in real estate at this point.   Advantages of Real Estate  The rate of interest is at the lowest end: Repo rate is as low as 4.4 percent now, which is the lowest ever. This has brought down the loan rates. You can negotiate on your terms: Liquidity and cash flow have made developers and agents desperate. This is the right opportunity to negotiate if you have already visited a site of the ready-to-move pro...

  • Green Zone Area? Good News for Constructions with Partial Relief on Restrictions

    India is at its three-decade low economic growth due to Coronavirus lockdown with an extension until the 3rd of May 2020. Despite the necessity of lockdown, India has to keep up with an economic activity to run the country, and hence partial relief has been given to the construction industry in the green zone areas only with certain norms.   Construction Activity During Pandemic  Here is the construction activity summary that is allowed during Coronavirus: Restrictions still prevail in Coronavirus containment areas. Construction activities can resume with workers who are available at the sites at this point. No workers are allowed from ...

  • Coronavirus Impact may Lead NRIs Back to Investing in India Real Estate

    Investing in property may not be on the list of priorities for most homebuyers right now due to the outbreak of novel Coronavirus. The lives of people and the community, along with the economy, have been affected globally. However, it is expected that when the life returns to normal, NRIs will show interest in investing in real estate in India and several factors are pointing at it.   Reasons for NRIs to invest in Indian real estate Globally, the pandemic has severely affected more than 2 million people with billions under quarantine. This has led to economic imbalance, and it can take years for it to get back to normal. The market contin...

  • To Enforce more Liquidity, RBI further Reduces the Repo Rate

    On Friday, the Reserve Bank of India reduced its repo rate by 25 basis points, bringing it down from 4 percent to 3.75 percent. The move is taken amidst the outbreak of coronavirus to boost the economy and facilitate the bank credit flow in the market. The lockdown across the country has brought the economy to a virtual halt, and the step is taken to help the economy in times of crisis. RBI Governor, Shaktikanta Das stated that the mission is to minimize the epidemiological damage in the country due to coronavirus. The governor also announced conducting of targeted long- term repo operation (TLTRO) with Rs 50,000 crore to incentivize the c...

  • RBI Announces Second Relief Package to Address NBFCs Woes

    The country’s economy has come to a standstill due to the nationwide lockdown for 40 days amidst the outbreak of Coronavirus. To boost the liquidity in the system, the RBI announced a slew of measures on April 17, 2020. The RBI Governor announced the reduction of repo rate by 25 basis points bringing it down from 4 percent to 3.75 percent, lowest in the last fifteen years. The RBI also announced the infusion of Rs 50,000 crore into the system to help the banks, housing finance companies, and NBFCs under a new round of targeted long-term repo operations (TLTRO). The measures are over the liquidity of Rs 3.74 lakh crore infusion hat RBI...

Looking for property portal?
Level up! Take your property mission ahead
Post Property for sell or rent
Quick Links

Top

Disclaimer: Homeonline.com is a Real Estate Marketplace platform to facilitate transactions between Seller and Customer/Buyer/User and and is not and cannot be a party to or control in any manner any transactions between the Seller and the Customer/Buyer/User. The details displayed on the website are for informational purposes only. Information regarding real estate projects including property/project details, listings, floor area, location data Read more