Goa property exhibition to showcase 200 projects
For those searching for their home sweet home in Goa, there’s a treat in store this Akshaya Tritaya.
For those searching for their home sweet home in Goa, there’s a treat in store this Akshaya Tritaya.
Fraudsters will soon find it difficult to dupe banks by mortgaging the same property with two lenders or selling mortgaged property.
Maharashtra Chamber of Housing Industry (MCHI), showcased properties from renowned builders across the Mumbai Metropolitan Region (MMR) and select Indian cities at PROPERTY 2011.
Maharashtra Chamber of Housing Industry has announced ‘Property 2011’ their 18th Real Estate and Housing Finance Exhibition to be held to be held in Mumbai from April 14-17, 2011.
After a one-year period starting 3Q 2009, which saw a strong recovery with a record 40%+ increase in prices, the Mumbai residential real estate market has been seeing a slowdown over the last two quarters across various micro markets.
Real estate has emerged as the most preferred investment avenue for working professionals in non-metro centres vis-à-vis bullion and stock market.
For the Union Budget 2011-12, rising inflation, tight liquidity, high interest rate, industrial slowdown, delayed reforms and negative market sentiment were some of the key concerns to address.
It would seem that the Union Budget 2011 pointedly ignored the larger issues affecting the Indian real estate sector at this sensitive stage of revival and growth.
The cash strapped realty companies can have a breather in budget for 2011-12 as the Finance Minister is expected to make announcement of a guarantee corpus for banks on realty lending. Track2Realty has learnt that the banks will get this guarantee corpus of Rs. 1000 crore to lend for housing projects.
I am relatively dissatisfied with the budget focus on the sector as no efforts made to the growth of the sector. My wish list to the Finance Minister is to relax the provisioning norms of banks for Real Estate loans, sector status to real estate, clarity on service tax & VAT, with some relaxation and to increase the interest exemption on Housing loan. But then the Finance Minister has not consulted the industry representatives in the last few years.