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Showing posts from October, 2018

5 Things You Should Know Before Investing in Real Estate Market

Buying a property, for the first time is not Easy task if this complete then like a dream come true. However, it can be internet surfing at times if the buyer doesn’t make the right choice. It is very essential to ensure proper financial planning before making the investment in a property. From taking loans, there are many factors that the buyer must be aware of. Buyer must try to maximize benefits while purchasing a property. Some tips to know investing in the property: Buying a property is a difficult task so one should have a planned strategy. According to  Vijay Kamboj, AVP of Sales, Geetanjali Homestate , “Buyer should have a good credit score to get loan eligibility for buying a property. Purchase of first property require good research and valuation which can give the buyer good returns.” “For buying a property, the buyer should focus more on credit tips. The buyer should check the Project location for good returns in case if buying a property on investment purpose. C...

Circle rates revised for 2nd time this fiscal in real estate sector in Gurugram

The district administration has revised circle rates in the city, and increased land registration fee for immovable properties in Wazirabad, Badshapur, Kadipur and Harsuru sub tehsils. The new rates will be applicable from October 19. This is the second time that the administration has revised the circle rates in the city this fiscal The circle rates were earlier revised in April. The new rates are at least 10-25% higher than the previous financial year (2017-18). For instance, the circle rates in Sector 29 was Rs 9,000 per sq ft for commercial properties in the last fiscal. The same has been revised to Rs 12,000 per sq ft. For plots in licences colonies of DLF I and Sushant Lok 1, the rates for residential plots was Rs 65,000 per sq yard. The same has been revised to Rs 77,000 per sq yard. In case of multi-storey group housing societies, the rates have been revised from Rs 4,700 per sq ft to Rs 5,500 per sq ft. However, agricultural land will be spared, barring those in Tikli vill...

Haryana CM unveils real estate regulatory authority web portal

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While describing real estate sector as the major contributor in the country’s gross domestic product (GDP), CM Manohar Lal khattar said that Haryana is the first state in the country to have set up two different Real Estate Regulatory Authorities (RERA) for the convenient of all the stakeholders. CM was addressing a press conference after inaugurating the web portal of Haryana Real Estate Regulatory Authority (HRERA) of Panchkula and Gurugram on October 4 at Chandigarh. He said that the Real Estate sector contributes about 9 to 10 percent in the National Gross Domestic Product (GDP). The CM said that homes being the necessity of almost every family, efforts are being made to ensure that the real estate sector shift from unplanned to planned. In view of the complications faced by the people in the unplanned real estate sector, the state government set up one HRERA exclusively to deal with cases of Gurugram and another authority in Panchkula to deal with...