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CommonFloor Survey: Keep Property Prices under Check

“If I were the Finance Minister, I would create policies to keep property prices under check,” says an Indian aam aadmi. Union Budget 2015-16 is just round the corner. From realty stalwarts to common man, all eyes are now set on the upcoming budget. And why won’t be? After all, budget announcements have the ability […]

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Mr. Ashok Gupta, Ajnara India Ltd

Budget 2015-16: Dear FM, Regulate Construction Material Cost

Nagaraj Reddy, CMD Zonasha Projects and President CREDAI Karanataka The main expectation from our end would be the reduction of interest rates and regulation of construction raw material costs such as cement and steel. Excise duty toward ready-mix concrete and steel fabrication should be abolished. Inflation has come down in recent times but the cost […]

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Housing Demand to Improve with RBI’s Rate Cut

After leaving the repo rates unchanged for five times in a row, Reserve Bank of India Governor finally announced the much-awaited cut in the interest rates by 25 basis points. The cash reserve ratio (CRR), however, has been kept unchanged at 4 per cent. This drop in the rate is RBI’s first positive step of […]

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Ready Reckoner Rate Hike: Impact on MMR residential market

The Maharashtra state government has increased the ready reckoner rate by up to 15 per cent on an average, with some areas witnessing a hike of up to 40 per cent. The hike, effective from January 1, could make property in MMR even more expensive and has dashed the hopes of home buyers waiting for […]

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Affordable Housing in India: Its Impact

Affordable housing is a good strategy to the home-buyers dilemma and it helps to ensure housing across different sections of society. Home buyers face challenges while deciding “when” to purchase houses. While favorable economic conditions lead to higher incomes for home buyers, it also leads to spiraling real estate prices making it difficult for a buyer […]

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