King of Good times’ $15 million mansion in UK

Liquor baron Vijay Mallya who is under scrutiny for defaulting on loans worth Rs. 9000 crore from various Indian banks, has been living in a $15 million mansion in England’s Hertfordshire county, The Sunday Times reported. read more at http://shopsandhomes.com/blog/index.php/2016/04/king-of-good-times-15-million-mansion-in-uk/

Priyanka’s Montreal home – living life in style!

In an industry where many dreams get crushed every day, Priyanka Chopra has sure sweat it out to survive and make it big. From ‘Quantico’ to ‘Baywatch’ and to presenting the Oscars, PC is on a roll!       

       The beauty has been hopping in and out of India, shooting for the second season of her show “Quantico” and managing other commitments. To make things a little simpler to manage, she rented a house in Montreal. Priyanka’s five-bedroom lavish mansion is what dreams are made of. The actress certainly knows how to live life in style! read more at http://shopsandhomes.com/blog/index.php/2016/04/priyankas-montreal-home-living-life-in-style/

Coming soon-Fixed Rate for longer term Home Loans from SBI

If you are wondering whether With the new benchmark rates being reviewed every month, should new home loan borrowers keep checking rates or will the annual reset take care of everything, Arundhati Bhattacharya, Chairman of country’s largest lender State Bank of India explains it all here. read more at http://shopsandhomes.com/blog/index.php/2016/04/coming-soon-fixed-rate-for-longer-term-home-loans-from-sbi/

Fraud housing scheme: Maha Govt files ‘cheating’ case against Maple Group

A complaint was filed at the Shivaji Nagar police station in Pune by the State Government against The Maple Group which had recently published advertisements to promote its housing scheme that offered a one-bedroom-hall kitchen flat for just Rs 5, 00,000 on the outskirts of Pune. read more at http://shopsandhomes.com/blog/index.php/2016/04/fraud-housing-scheme-maha-govt-files-cheating-case-against-maple-group/

SEBI may outsource auction of 87 Sahara properties

As part of the long effort to recover money from the Sahara Group, the Securities and Exchange Board of India (SEBI) is planning to outsource the Sahara property auction job, which could be worth nearly Rs 40,000 crore. The market regulator is in talks with SBI CAP Trustee Co and UTI Infrastructure Technology and Services for potential sale of 87 properties owned by Sahara. read more at http://shopsandhomes.com/blog/index.php/2016/04/sebi-may-outsource-auction-of-87-sahara-properties/

Is your home worthy of you?

Buy only that dream home that is worthy of you. Yes, this is what Aditya Birla Housing Finance Ltd. (ABHFL’s) new ad campaign says. The Aditya birla Group has launched a new website www.trueworth.co.in which will help you find the home that you deserve. read more at http://shopsandhomes.com/blog/index.php/2016/04/is-your-home-worthy-of-you/

Offline checks before you buy:

Real estate is a big ticket item; a great deal of contemplation is required before you sign on the dotted line. A visit to past projects is a must and gauges the level of satisfaction of past buyers. Next, try to find if the developer has a strong intent to deliver the project on time. One can make a successful purchase decision only upon feeling the vibes you get after visiting the project site. read more at http://shopsandhomes.com/blog/index.php/2016/04/offline-checks-before-you-buy/

Live and kicking – Dubai Property Show 2016

Dubai International Property Show, which is being supported by Dubai Land Department (DLD), has kicked off with a bang on April 11, 2016 at the Dubai International Convention and Exhibition Centre. read more at http://shopsandhomes.com/blog/index.php/2016/04/live-and-kicking-dubai-property-show-2016/

Do you really own your land as per law?

Did you know that paperwork like tax receipts is not enough to prove you are the owner of aproperty? Yes, you’d be surprised to know that a transaction entered into between a buyer and seller of land is simply recorded at the registration and stamps duty office. However, it is only a record, and not a clear proof entitling the owner to his or her land. So, the formalities, as regards transfer papers and tax receipts aren’t legally binding documents. read more at http://shopsandhomes.com/blog/index.php/2016/04/do-you-really-own-your-land-as-per-law/

Now, Taxman wants a break-up of your net worth

The new set of Income Tax Returns (ITR) forms which were unveiled on 31st March 2016 by the Central Board of Direct Taxes (CBDT) will include a new schedule — schedule AL to all ITR forms (including ITR 1). In this, if you earn more than Rs 50 lakh a year, the I-T Department wants you to declare the break-up of your net worth. read more at http://shopsandhomes.com/blog/index.php/2016/04/now-taxman-wants-a-break-up-of-your-net-worth/

‘Baby’ Taapsee Pannu buys a 4BHK in Mumbai

After spending three years in Bollywood and featuring in films like ‘baby’ and ‘Chashme Baddoor’, actress Taapsee Pannu has bought a four bedroom apartment in the plush Andheri area of Mumbai. Taapsee entered the showbiz with Telugu films like ‘Aadukalam’ and ‘Vastadu Naa Raju’. read more at http://shopsandhomes.com/blog/index.php/2016/04/baby-taapsee-pannu-buys-a-4bhk-in-mumbai/

SBI announces cheaper home loans

After the Reserve Bank of India prescribed new system to improve transmission of monetary policy that is Instead of one benchmark rate, banks would indicate at least five benchmark rates varying according to tenures called Marginal Cost of funds based Lending Rates (MCLR), home loans  from the country’s largest lender, State Bank of India are set to be cheaper by 10 basis points. read more at http://shopsandhomes.com/blog/index.php/2016/04/sbi-announces-cheaper-home-loans/

Ready Reckoner Rates hiked by 7% in Maharashtra

The state revenue minister, Eknath Khadse made an announcement in the state assembly that the Ready Reckoner (RR) rates have been increased to 7% with Effect from April 1, 2016. In rural areas the rates have been hiked by 8%, 7% in influential areas, 7% in municipal council and nagar panchayat limits and 5% in municipal corporations. On an average at the State level, the increase comes to around a moderate 7% for 2016-17. read more at http://shopsandhomes.com/blog/index.php/2016/04/ready-reckoner-rates-hiked-by-7-in-maharashtra/

New lending rate calculation makes home loan cheaper

From April 1st onwards, home loans are going to be cheaper. As part of the new rules announced by RBI, banks across the country will have to calculate their lending rate as per the marginal cost of funds. The country’s biggest lender State Bank of India has revised its home loan rate to 9.4%. This will see EMIs of customers falling down by Rs.300 for those availing Rs.50 lakh loan for 15 year. read more at http://shopsandhomes.com/blog/index.php/2016/04/new-lending-rate-calculation-makes-home-loan-cheaper/

Gudi Padwa- the time to buy your new home

The festival of Gudi Padwa typifying all new auspicious beginnings is earmarked by builders for launch of their respective projects. Particularly, this year the timing of the festival is well placed for project launches. read more at http://shopsandhomes.com/blog/index.php/2016/04/gudi-padwa-the-time-to-buy-your-new-home/

Indian residential segment to attract over Rs. 6,000 cr PE investments, say experts

Private Equity (PE) investments in Indian real estate sector have already raised $420 million in the first two months of 2016, as compared to $520 million for the whole of last year. Given its attractive rate of returns averaging at a high of 20-22% per annum, industry experts believe that Residential property in India is expected to receive $1 billion (Rs 6652.75 crore) investment this year.  read more at http://shopsandhomes.com/blog/index.php/2016/04/indian-residential-segment-to-attract-over-rs-6000-cr-pe-investments-say-experts/

Bangaluru will now see property details online!

There are nearly 15 lakh properties under the Bruhat Bangaluru Mahanagara Palike (BBMP) limits, the details of which will be uploaded ward-wise on the BBMP website very soon. read more at http://shopsandhomes.com/blog/index.php/2016/04/bangaluru-will-now-see-property-details-online/

Two bids worth $ 1bn for property in Powai received by Hiranandani

It is heard that two bids totalling $ 1bn have been received by real estate giants Hiranandani for itsproperty in Powai. As per sources, the bids have been received from an Indian PE Firm and Canadian Firm. Hiranandani is, apparently planning to sell commercial property measuring 4.5 million sq. ft in Mumbai’s suburbs.  read more at http://shopsandhomes.com/blog/index.php/2016/04/two-bids-worth-1bn-for-property-in-powai-received-by-hiranandani/