PM Awas Yojana gets MHADA attention

Shifting its focus to the Pradhan Mantri Awas Yojana (PMAY) to construct homes in semi-urban cities of the state, the MHADA in its financial budget tabled on March 28, has proposed to yearmark Rs 2,500 crore for the financial year 2016-17. read more at http://shopsandhomes.com/blog/index.php/2016/04/pm-awas-yojana-gets-mhada-attention/

Maha Gov gives Tenants the right to reconstruct if redevelopment delays

In a recent session of the Maharashtra Legislative Assembly, Chief Minister Devendra Phadnavis expressed the need to introduce a law in the state where Residents will be able to exercise their ‘right to reconstruct’ the building if the developer delays construction. read more at http://shopsandhomes.com/blog/index.php/2016/03/maha-gov-gives-tenants-the-right-to-reconstruct-if-redevelopment-delays/

If you are on holiday, so how you will keep your home safe?

If you have friend or relative living nearby than you can ask to them to keep an eye on your house. In most of the cases you can offer them the keys of your house and your vehicle. Most of the time burglars scout the neighbourhood activity, if they will see that someone is opening the house or taking the vehicle out, so they will not dare to break your house security. read more at http://shopsandhomes.com/blog/index.php/2015/06/if-you-are-on-holiday-so-how-you-will-keep-your-home-safe/

Few suggestions for home renovation

If you are living in old home or want to renovate your new home with your choice of theme, so there are few factors which can help you to change the overall appearance of a home. We all know that it needs a lot of money and budget as well if you will consider the replacement of interiors, but if you will do the renovation through the improvement, so you will be able to save huge money as well as you will be able to get new and refreshing ambiance in your dream space. read more at http://shopsandhomes.com/blog/index.php/2016/01/few-suggestions-for-home-renovation/

How to make your bedroom Vastu friendly?

Bedroom is a place where one rests after a tiring day at work, that part of home where one seeks tranquility and solace, making it one of the most important areas in the house. Hence, for peace and prosperity of the occupants of the bedroom, it is imperative that it is Vastu compliant. read more at http://shopsandhomes.com/blog/index.php/2016/01/how-to-make-your-bedroom-vastu-friendly/

Few reasons to buy property in UAE

If you are real estate investor or end users who want to buy property in the most lucrative real estate market of the world, so according to real estate experts its perfect time to invest in the realty sector of the UAE. Here are few reasons to support the statements; read more at http://shopsandhomes.com/blog/index.php/2016/01/few-reasons-to-buy-property-in-uae/

How to use Loan against property to one’s advantage

Purchasing a house is an indicator of our financial stability. Experts believe that the pursuit of buying a house ends up restricting the buyer’s financial ability. However, very few experts tell that the house can be utilized in a wise manner. This blog posts try to shed light on how you can use your house to achieve your desired financial goals. read more at http://shopsandhomes.com/blog/index.php/2016/03/how-to-use-loan-against-property-to-ones-advantage/

First dream home? You have something to cheer about!

If you have been vying on that dream home for a long time but were waiting for the right time, it has arrived! In the 2016 Union budget, the Finance Minister has proposed an introduction of additional deduction on interest for home loans up to Rs 35 lakh, with a rider that the value of the house doesn’t exceed Rs 50 lakh. read more at http://shopsandhomes.com/blog/index.php/2016/03/first-dream-home-you-have-something-to-cheer-about/

5 tips to get a good home loan

You might be dreading the task of taking a loan if you are planning to buy a house for the first time. Worry not! There are a large number of people like you who are also planning to take a home loan; therefore we will give some pointers that can help you buy your home sweet home in a stress free manner. read more at http://shopsandhomes.com/blog/index.php/2016/03/5-tips-to-get-a-good-home-loan/

Je t’aime says Mallika to her French real estate businessman

Bollywood actress, Mallika Sherawat might have not had an exemplary Bollywood career is certainly leaving a footprint overseas not only in her professional but also in her personal life. The actress is not only featuring in director Daniel Lee’s upcoming venture ‘The Lost Tomb’ but also going to break the hearts of many men in the coming months. read more at http://shopsandhomes.com/blog/index.php/2016/03/je-taime-says-mallika-to-her-french-real-estate-businessman/

NSEL case – Sessions Court hires Knight Frank as consultant

In order To facilitate realization of maximum amount of the properties of defaulters in National Spot Exchange Ltd. (NSEL) scam subject to liquidation, D P Surana, special judge of MPID (Maharashtra Protection of Interest of Depositors) Act Court and additional sessions judge of City Civil & Sessions Court, Mumbai has appointed Knight Frank India to serve as property consultants. Knight Frank India as a global private broker will bring in buyers to speeden up the liquidation process. read more at http://shopsandhomes.com/blog/index.php/2016/03/nsel-case-sessions-court-hires-knight-frank-as-consultant/

Good news! Maha Gov may consider stamp duty waver for affordable homes

In a first, Maharashtra Government is contemplating on waving off stamp duty on small homes. While the planned waiver is expected to offer relief to buyers of small and compact homes, the revenue collection gap will be filled by increased charges on larger apartments. read more at http://shopsandhomes.com/blog/index.php/2016/03/good-news-maha-gov-may-consider-stamp-duty-waver-for-affordable-homes/

Kingfisher House on sale

Located near the domestic airport at Mumbai’s Vile Parle area, The headquarter of defunct Kingfisher Airlines popularly known as the Kingfisher House is being put up for e-auction by State Bank of India through which interested buyers will bid for it online. The base price for this multi-storey building, with a built up area of over 17,000 sq.ft, has been set at Rs.150 crore. The property is expected to generate interest among corporate houses and retailers, mainly because of its proximity to the highway. read more at http://shopsandhomes.com/blog/index.php/2016/03/kingfisher-house-on-sale/

Budget 2016-17: Brings Cheer for First-Home Buyers

In today’s scenario where possession of the property within stipulated time is a challenge, Budget 2016-2017 proposes tax relief under Section 24 of I-T Act on interest payment on home loan if the property bought, or under construction, is completed within 5 years from the end of the financial year in which the loan was availed instead of the current 3 years. This could actually help save tax up to Rs. 60000. read more at http://shopsandhomes.com/blog/index.php/2016/03/budget-2016-17-brings-cheer-for-first-home-buyers/

Tax evaders beware! KDMC on property seizing spree

The central suburbs of Mumbai are witnessing change as civic body commissioners are displaying positive aggression in matters of public interest. While Thane’s municipal commissioner Sanjeev Jaiswal ordered demolition of legal and illegal structures to unclog & clear the station road area, in a fresh move, KDMC’s commissioner E Ravindran took property tax defaulters to task by attaching their properties last week. read more at http://shopsandhomes.com/blog/index.php/2016/03/tax-evaders-beware-kdmc-on-property-seizing-spree/

Mr. & Mrs. Khiladi to endorse realty brand

Film stars have always been an ideal choice for any brand endorsement and if it is a celebrity couple, it’s a cherry on the cake! If rumour mills are to be believed, star couple twinkle Khanna & Akshay Kumar have been roped in as brand ambassadors of a leading real estate company of Mumbai. read more at http://shopsandhomes.com/blog/index.php/2016/03/mr-mrs-khiladi-to-endorse-realty-brand/

 

Lodha Group’s new project sells 2000 units pre-launch

Within two years of acquiring the 88-acre land parcel from Clariant Chemicals in Thane which was one of the largest land transactions in the country, Lodha Group has announced its mega plans for an expansive residential neighbourhood in Prime Central Thane. read more at http://shopsandhomes.com/blog/index.php/2016/03/lodha-groups-new-project-sells-2000-units-pre-launch/

MHFC’s loan book size to cross 400 cr mark this fiscal

According to sources, The Micro Housing Finance Corporation (MHFC) which lends to the affordable housing segment expects to exceed an Rs.400 crore loan book by end of fiscal 2016. Owing to introduction of the credit linked subsidy scheme (CLSS), the company anticipates that the demand for affordable housing will go up. read more at http://shopsandhomes.com/blog/index.php/2016/03/mhfcs-loan-book-size-to-cross-400-cr-mark-this-fiscal/

Home Loan eligibility – your doubts busted here

Before even looking out for a property, buyers like to know the quantum of home loan they are eligible for. While that’s a good approach, there is always more clarity needed to make the final decision. We have attempted to throw light on some aspects to aid your decision making. read more at http://shopsandhomes.com/blog/index.php/2016/03/home-loan-eligibility-your-doubts-busted-here/

Byaaj Mukt Awaas Yojana – A boon for home buyers

One of the top real estate consultant, Investors Clinic Infratech, is offering their latest scheme i.e. Byaaj Mukt Awaas Yojana, that will bring down the cost for prospective home buyers. By partnering with builders and financial institutions, the clinic offers interest free loans under the scheme for buyers towards purchase of flats. read more at http://shopsandhomes.com/blog/index.php/2016/03/byaaj-mukt-awaas-yojana-a-boon-for-home-buyers/

5 Reasons to smile for buyers under the Real Estate Bill

Buying a house earlier used to be quite a tedious process for the buyers. The new real estate bill has brought about reasons to cheer for them as it has made the buyers more accountable for various things thus ensuring the protection of buyers interests. Here are five of them: read more at http://shopsandhomes.com/blog/index.php/2016/03/5-reasons-to-smile-for-buyers-under-the-real-estate-bill/

Actress finds it hard to find a rented house in Mumbai

Actress Lauren Gottlieb is struggling to find a house on rent in Mumbai after being rejected for the fifteenth time over the last two months. The experience has a sense of déjà vu for the young dancer-actress as she had a similar one three years back. read more at http://shopsandhomes.com/blog/index.php/2016/03/actress-finds-it-hard-to-find-a-rented-house-in-mumbai/

Real Estate Bill – how it favours home buyers

The Real Estate Bill which was passed in the Rajya Sabha on Thursday largely seeks to protect the interest of home buyers, at the same time aims to bring more transparency, accountability and efficiency in a sector which has hitherto been fundamentally unregulated and unorganised. read more at http://shopsandhomes.com/blog/index.php/2016/03/real-estate-bill-how-it-favours-home-buyers/

Five locations emerging as best real estate destinations in India

Today, we look into five cities that are emerging as few of India’s best real estate destination. read more at http://shopsandhomes.com/blog/index.php/2016/03/five-locations-emerging-as-best-real-estate-destinations-in-india/ 

Phase II launch of The Trees sees Godrej Properties rise by 2%

The launch of Godrej Properties flagship project ‘The Trees’ residential phase II in Mumbai has led to an increase of 2.4% in the company’s share price during intra day trading on Thursday. read more at http://shopsandhomes.com/blog/index.php/2016/03/phase-ii-launch-of-the-trees-sees-godrej-properties-rise-by-2/

IDBI Federal Life acquires commercial space worth Rs. 111 crore in Lower Parel

In an out-and-out real estate deal, which is the largest so far this year, IDBI Federal Life Insurance Company has bought office space worth over Rs 111 crore at Marathon Futurex complex at Lower Parel in Mumbai, according to sources familiar with the development. read more at http://shopsandhomes.com/blog/index.php/2016/03/idbi-federal-life-acquires-commercial-space-worth-rs-111-crore-in-lower-parel/

Rs.1600 crore raised by Kotak Realty for investing in residential projects

With a view to invest in residential projects across six cities over the next 3-4 years, Kotak Realty Fund has raised Rs.1600 crore from institutional investors. The private equity firm of Kotak Mahindra Group will be investing in residential projects in the six major cities of Mumbai, Delhi, Bengaluru, Pune, Hyderabad and Chennai. read more at http://shopsandhomes.com/blog/index.php/2016/03/rs-1600-crore-raised-by-kotak-realty-for-investing-in-residential-projects/

Real Estate Bill to passed during the current budget session

At the recent Happening Haryana conclave, Union Minister for Urban Development Venkiah Naidu has expressed confidence on the passing of the Real Estate Bill during the ongoing budget session. Talking to domestic and global investors, Naidu said, “Real Estate Bill is going to be a reality in this Budget session itself. I am holding discussion with all stakeholders.” read more at http://shopsandhomes.com/blog/index.php/2016/03/real-estate-bill-to-passed-during-the-current-budget-session/

Mumbai’s UHNI count to more than double by 2025

The tribe of super-rich individuals has increased in Mumbai over the last decade and according to a Knight Frank report, the strength is further expected to increase. Read more at http://shopsandhomes.com/blog/index.php/2016/03/mumbais-uhni-count-to-more-than-double-by-2025/

Katrina on a house hunt with Salman’s manager

Post her alleged break-up with Ranbhir Kapoor, Katrina Kaif has been juggling between their love nest and her old house on Waterfield Road in Bandra. While Kapoor moved out of the love nest Silver Sands apartments immediately after they parted ways, it is now that we hear that the actress has decided to move on and is searching for a new abode for herself.  read more at http://shopsandhomes.com/blog/index.php/2016/03/katrina-on-a-house-hunt-with-salmans-manager/

Indiabulls Real Estate share prices rises by 4% amidst plans of raising capital

Amidst reports that Indiabulls Real Estate in tandem with its group firm Indiabulls Housing Finance is planning to invest an amount of Rs.25,000 crore in Haryana in the ensuing period of 7 years, the share price ended 4% higher at Rs.53 Read more at http://shopsandhomes.com/blog/index.php/2016/03/indiabulls-real-estate-share-prices-rises-by-4-amidst-plans-of-raising-capital/

Sale of HUL’s heritage property in Mumbai for Rs.170 crore

Hindustan Unilever (HUL) has sold its landmark guest house Alhambra in south Mumbai for around Rs.170 crore to an unnamed buyer. The iconic building, built by the Sultan of Darbhanga on a 15,000 sq.ft plot in 1950s, is a three-storey building spread over 18,800 sq ft on Carmichael Road, Mumbai. The heritage property was the residence of three former chief executives of HUL- Manvinder Singh Banga, Doug Baillie and Nitin Paranjpe. Read more at http://shopsandhomes.com/blog/index.php/2016/03/sale-of-huls-heritage-property-in-mumbai-for-rs-170-crore/

Sale of HUL’s heritage property in Mumbai for Rs.170 crore

Hindustan Unilever (HUL) has sold its landmark guest house Alhambra in south Mumbai for around Rs.170 crore to an unnamed buyer. The iconic building, built by the Sultan of Darbhanga on a 15,000 sq.ft plot in 1950s, is a three-storey building spread over 18,800 sq ft on Carmichael Road, Mumbai. The heritage property was the residence of three former chief executives of HUL- Manvinder Singh Banga, Doug Baillie and Nitin Paranjpe. read more at http://shopsandhomes.com/blog/index.php/2016/03/sale-of-huls-heritage-property-in-mumbai-for-rs-170-crore/

Mumbai may not be the costliest city in the world, a new report says

The interest in real estate investment seems to be fading with time and unaffordable prices however, Indian High Networth Individuals (HNIs) still get attracted towards buying property in London. Read more at http://shopsandhomes.com/blog/index.php/2016/03/mumbai-may-not-be-the-costliest-city-in-the-world-a-new-report-says/

Indians flocking to Dubai for International Property Show

The event organizers, Strategic Marketing & Exhibitions have predicted that there will be a huge Indian participation in the annual International Property Show to be held in Dubai this April. Khaleej Times reported that a total of 15 Indian companies, double the figure compared to last year, will be showcasing their projects and targeting the large Indian expatriate community of five million at the International Property Show from April 11 to 13, 2016. read more at http://shopsandhomes.com/blog/index.php/2016/03/indians-flocking-to-dubai-for-international-property-show/

Actor Ram Charan to buy land in Mumbai

Film makers and celebrities are known to purchase empty plots or apartments with their earnings, as real estate seems to be the best investment option for them. Read more at http://shopsandhomes.com/blog/index.php/2016/03/actor-ram-charan-to-buy-land-in-mumbai/

Most Rich Indians prefer Maximum City Mumbai as home

As per Knight Frank’s Wealth Report 2016, released on Wednesday, Maximum City- Mumbai has the maximum number of ultra-high-net worth individuals at 1094, followed by Delhi at 545. This number is going to increase to 2,243 in Mumbai and 1,128 in Delhi over the next decade. Read more at http://shopsandhomes.com/blog/index.php/2016/03/most-rich-indians-prefer-maximum-city-mumbai-as-home/

Common mistakes of home sellers

Until now, we’ve heard that buying a house is a tiresome process, and do not realize that selling a property is an equally tedious task as well. First time sellers typically make certain mistakes and in the haste of selling off their house, end up cracking a bad deal. We have made an attempt to enlist some of the common mistakes that one can avoid while putting up a house on the block. Read more at http://shopsandhomes.com/blog/index.php/2016/03/common-mistakes-of-home-sellers/

Budget 2016 will boost demand for affordable homes

Homes up to 30 sq metres in metro cities and 60 sq metres in other cities which fall in the affordable segment make up for 90% of the demand for houses in India. Several announcements in the Budget 2016 are likely to stimulate growth in demand for affordable housing. Read More at http://shopsandhomes.com/blog/index.php/2016/03/budget-2016-will-boost-demand-for-affordable-homes/