Definition - Reverse Mortgage

A type of mortgage in which a houseowner can borrow money against the value of his or /  her house. No repayment of the mortgage (principal or /  interest) is required until the borrower dies or /  the home is sold. After accounting for the initial mortgage amount, the rate…

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Property Prices may Rise After Supreme Court VAT order

Property prices are likely to rise in India after the Supreme Court said last week that a value-added tax may be levied on real estate transactions in addition to stamp duty. The apex court upheld a judgement of the Bombay high court that directed builders to pay a 5 % VAT (…

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New Investments In Real Estate Sector : Tamil Nadu's share 17%..

Uttar Pradesh has been ranked top with maximum share of nearly 40% in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal, industry body The Associated Chambers of Commerce and Industry of Ind…

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Delayed Projects Plague National Capital Region’s Residential Market

by Mr. Santhosh Kumar, Jones Lang LaSalle India Delayed delivery of residential projects has become a significant issue on the real estate market, leading to high levels of ire among customers. In terms of the average delay in delivering residential projects across India, mo…

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Ten Pointers on Negotiating Your Salary..

by Mr. Devashish Chakravarty, Quetzal If you did not bag the best compensation in the market when you switched jobs, dont worry. The best of professionals come up short when it comes to discussing salary with a new employer. Here are some of the common mistakes you can avoid …

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HUDCO: Debenture Issue Oversubscribed

Retail investors have given the thumbs up to Housing and Urban Development Corporation’s (HUDCO) Rs. 750-crore tax-free non-convertible debenture (NCD)issue. The retail investor portion (Category 4) was subscribed close to 3 times (2.94 times or /  88.08 lakh bonds) of the a…

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No Unsold inventories : Says DLF Ltd..

DLF Ltd, India's largest real estate company, recently said it has no unsold inventories despite slowdown in the property market as the company mostly sells flats before the start of construction of projects.  DLF Group Executive Director Rajeev Talwar said, '' &…

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THE ECONOMIC TIMES ACETECH 2013, 19th Oct, 2013, Bombay Exhibition Centre, NSE, Goregaon (E), Mumbai

The organizers of The Economic Times ACETECH, present to you The Economic Times ACETECH Global Green Summit 2013, to be held in Mumbai on 19th of October 2013 running concurrently with The Economic Times ACETECH 2013. Session Time     Global Green Summit                      M…

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Housing Loan – Floating Interest Rate For NRIs

Housing Loan – Floating Interest Rate For NRIs Name of the  institution                                      Rate of interest (% per year Floating Banks Axis Bank 10.15 – 10.40 Bank of Baroda 11.25 – 12.75 Bank of India 10.75 – 12.25 Bank of Maharashtra 10.25 – 11.25 Canara  Bank 9.…

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Kay Arr Builders:Tranquility in Thoraipakkam near Chennai

Luxurious, Comfortable and Convenient Homes.. Kay Arr Builders who have recently entered into the Chennai Real Estate Market, have launched a new project in the name and style of ‘Tranquility’ in Thoraipakkam- one of the fastest growing residential areas of the city. The tot…

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