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Amendments to building rules to boost affordable housing in city

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The real estate industry will now go through some changes with the amendments made to the TamilNadu Combined Development and Building Rules last week and are expected to boost affordable housing in the city. Numerous flats in Thirumullaivoyal and other areas will now be available for buyers at much reasonable prices. According to P.S.J. Palanirajan, […]

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Prices of Cement and Steel Capped?

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There has been a surge in the prices of raw materials in the construction of real estate, which has now shaken up the businessmen in the real estate industry. “There has been a steep increase of almost 100 for every cement bag, and 2,200 per metric tonne of steel during these tough times. This is […]

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Builders given more time to complete registered real-estate projects

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A decision taken keeping in mind the state of affairs the last couple months, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has extended the deadline for the completion of registered projects by a month, till July 31, in the wake of the consequential force majeure. This is on top of  the five-month extension it […]

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How Does the Future of Real Estate Look Amid COVID-19?

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At a time when Chennai’s skyline was opening up to robust real estate projects, the novel coronavirus outbreak put an end to it, leaving the sector to bleed. Realty projects are now delayed in the Chennai Metropolitan Area as construction workers had to suspend work and prospective buyers put a hold on real estate investments […]

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CREDAI calls for Single window clearance system

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The Confederation of Real Estate Developers Association of India (CREDAI) Tamil Nadu has stressed the need for a single-window clearance system for real estate projects. With Chennai having an abundance of investment in the real estate sector, apartments, amongst other things, are available all across the city, majorly apartments for sale in Thirumullaivoyal are up […]

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A Few Takeaways From The Global Investors’ Summit

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Today, given the recurrence of huge economic variations in the graph, real estate investments are at a standstill. Realtors have not seen the required elevation in terms of purchase and sale of real estate properties since January 2020. The Global Investors’ Summit that was conducted in the year 2019 was an ideal sneak peek into […]

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Will COVID-19 Delay The Procurement of Your Dream House?

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The global pandemic COVID-19 has worsened businesses on a major level for multiple industries, and the real estate sector has not been spared as well. One among the worst hit is apartments in Ambattur owing to the constant rise in coronavirus cases. Expert opinion says that the procurement of your dream house may be delayed […]

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BEST PLACES TO BUY A HOME IN CHENNAI

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  The Detroit of the East, the Cultural Capital of South India, the country’s 4th largest economy, UNESCO recognized rich musical tradition and ranked by BBC as a global city worth visiting and worth living. These are just a few of the many achievements and recognition that the city of Chennai has been credited with […]

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TAMIL NADU GOVT PUTS ON HOLD ACT PROTECTING OWNERS, TENANTS

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An ambitious act on tenancy, that was to bring about a seachange in renting out properties by balancing the rights of landlords and tenants, has hit a roadblock as the state government is awaiting the Centre’s revised act. Modelled on the Union housing and urban affairs ministry’s draft Tenancy Act, the state government had introduced […]

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WHAT ARE THE TAX BENEFITS AVAILABLE IF I TAKE A HOME LOAN?

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Buying your own home is a big financial responsibility. Taking a mortgage for the same seems like such a big burden that most people tend to shy away from taking this step. However, there are loads of benefits that home loans offer as well that should serve as an incentive if you are planning to […]

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ALL YOU WANTED TO KNOW ABOUT THE CHENNAI HOUSING MARKET IN 2018

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Known as the Detroit of India for contributing around 60% of the country’s automobile exports, Chennai – the capital of Tamil Nadu – is also well-known for its port-centric businesses, engineering, manufacturing establishments and IT-ITeS companies. Chennai’s economy is currently the 4th largest in India. According to Forbes Magazine, the city features in the top […]

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WHAT IS MY HOME LOAN ELIGIBILITY?

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A lender needs ‘proof’ to believe that you are capable of making repayments on your loan. For this it will take a thorough look not just as your income statements, but also your assets and liabilities, your credit history to see how you handle repayments on credit cards and other existing loans, your education and […]

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HOW CAN I KEEP UP WITH MY MORTGAGE PAYMENTS?

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There is no greater joy than having a roof overhead that you can call your own home. You have worked hard to save for your down payment and putting your papers in order to get your home loan sanctioned. But the fact is that your test has only begun, for you will be servicing your […]

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PLOT PROMOTERS IN TAMIL NADU TO ALSO FACE ACTION UNDER REAL ESTATE ACT

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CHENNAI: Union urban development minister M Venkaiah Naidu warned last week of penal action against realtors dishonouring their promises. But it’s not just builders who face punitive measures under the new Real Estate (Regulation and Development) Act. The ambitious legislation, which came into effect on May 1 across the country, also deals with plot promoters. […]

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HOUSE THAT! AFFORDABLE AND LOW-COST HOUSING SPACE GETS LEG-UP

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MUMBAI: Homebuyers in affordable and low cost housing segment have a reason to cheer with the government’s decision to provide interest subvention of 3% and 4% for loans of up to Rs 12 lakh and Rs 9 lakh, respectively, under Prime Minister Awas Yojana (PMAY). Prime Minister Narendra Modi, in his speech on New Year’s […]

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REALTORS SEE BUSINESS OPPORTUNITY FROM SMART CITY PROJECTS

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NEW DELHI: Realtors’ body CREDAI today hailed the selection of first 20 cities for ‘Smart City’ programme, saying the initiative would provide great opportunity for the real estate development, particularly in the affordable home segment, with improvement in infrastructure of these towns. “Its a good initiative by the government. Satellite towns around these smart cities […]

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HOUSING LOAN INTEREST SUBVENTION TO BOOST LOW COST HOUSING

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MUMBAI: The government’s decision to provide interest subvention of 3% and 4% for loans of up to Rs 12 lakh and Rs 9 lakh, respectively under Prime Minister Awas Yojana (PMAY) is expected to boost low income housing in peripheral areas of urban localities across the country. In a bid to achieve its Housing For […]

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