The dream house you have been wanting to buy for a long time is just getting beyond your means, as interest rates are firming up and prices arent cooling off yet.
This has caused many home buyers to now settle for rented flats instead.
After all rentals are comparatively low in most Indian cities compared to the sky high prices and experts say that moving in as a tenant makes better commercial sense.
If you see rental yields they are anything between 3-5 per cent pre tax which is a misnomer because the commercial yields are anything between 8-10 per cent. There shouldnt be so much of gap that is because rentals are not where they should be, said Sanjay Verma, Executive MD, Cushman & Wakefield.
More : profit.ndtv.com
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The head of Pantaloon, Indias leading retailer, has warned that high property prices in big Indian cities are threatening the countrys burgeoning retail industry and adding to the pressures brought on by soaring construction and labour costs.
Kishore Biyani, chief executive of Pantaloon, told the Financial Times: At current property prices, you cant exist in the modern retail business.
Either productivity has to increase significantly or rent has to come down.
More : ft.com
Praveen K Singh and Ritu Sharma: Delhi
For residential use, one can get a 3-BHK flat at Alaknanda at this price. But, the amount is not sufficient for other areas in south Delhi for 3-BHK. The other places like East of Kailash, Kailash Colony, Green Park, Hauz Kash and Shivalik will offer 2-BHK normally.
In older constructions in Greater Kailash-I, one can get a 2-BHK flat at a rent of Rs.30,000 to Rs.35,000, describes Dinesh Ralli, who runs his property consultancy firm in the name of Ralli Property Agency. In South Extension part –II, 3-BHK flats can be rented at
At Rs 40 lakh to buy a house, you wont exactly be spoilt to buy a property in Delhi-NCR, even though property prices in some area of Gurgaon and Greater5 Noida seem to he dropped a little. You will basically still be looking to the eastern suburbs of Delhi if you are looking at a house that is around 1,500 sq ft. However, if 1,000 sq ft suits you, you can look for houses within Delhi as well.
Going with the easy pickings first, at Vaishali the asking rate is around Rs 2,700 per sq ft, at Indirapuram the asking rate
Properties under State Rent Control Acts cant be attached
My friend’s family is a traditional money-lender. It had loaned Rs 10 lakh to a borrower who failed to repay the amount. Consequently the faminly secured a decree from court at Coimbatore for attachment of the borrower’s property.
It was subsequently detected that all of the borrower’s properties were pre-attached in thedefault suits with the exception of a bungalow in which he is currently residing as a lessee for the past 10 years.
There is division of opinion within the family on the issue whether the leasehold rights in any property are
For the past few years, the desire among millions of middle-class Indians to own a home remained just a pipe-dream as soaring prices and builders keenness to focus on exclusive gated communities shut them out of the market.
But that could be about to change. More middle-class Indians can hope to get a step on the housing ladder in 2009 as bank loans become cheaper and desperate builders, chastened by last years property market slump, cut prices to move unsold stock and build cheaper homes.
The past few years have seen houses become just another financial asset, as punters and
