Small houses back in trend

Owing to sky-rocketing property prices, luxury apartments are losing their charm among the middle classes and small houses are gaining popularity again. Due to the massive slump in real estate market since the last couple of years, developers are now reducing the size of houses instead of decreasing the prices. read more at http://shopsandhomes.com/blog/index.php/2016/06/small-houses-back-in-trend

Rati Agnihotri’s son gives a tour of his stunning sea-facing apartment

Tanuj Virwani, son of yester year actress Rati Agnihotri has been living in this six bedroom sea-facing penthouse in Worli since 2007. This lavish duplex located in South Mumbai has a sea-facing terrace which makes one go green with envy. read more at http://shopsandhomes.com/blog/index.php/2016/05/rati-agnihotris-son-gives-a-tour-of-his-stunning-sea-facing-apartment

Home insurance – how it works

Natural disasters like Fire, Lightning, Storm, Cyclone, Floods or Earthquakes are unforeseen and result in dense damage to not only life but also priced possessions like your house and its contents. Events like theft and burglary are also becoming common in the present day scenario. Naturally, the emotional stress and economic loss arising from such destruction of property is exorbitant. read more at http://shopsandhomes.com/blog/index.php/2016/05/home-insurance-how-it-works

Altico to finance Mumbai & NCr projects for Rs. 130 cr

With a focus on senior secured lending to residential projects in the real estate sector across Tier-1 cities in the country, Mumbai-based NBFC, Altico Capital has closed two deals worth Rs 130 crore forresidential projects in Mumbai and the NCR. read more at http://shopsandhomes.com/blog/index.php/2016/05/altico-to-finance-mumbai-ncr-projects-for-rs-130-cr

Legal provisions – purchasing property by NRIs in India

If you are a Non-Resident Indian and not aware about the legalities of owning or purchasing real estate in India, you would like to read on to enlighten yourself on the legal provisions set by the competent authorities pertaining to the purchase or owning of an immovable property in India under the Foreign Exchange Management Act (FEMA). read more at http://shopsandhomes.com/blog/index.php/2016/05/legal-provisions-purchasing-property-by-nris-in-india

Ranbhir Kapoor beats Jindals in property deal

Bollywood heartthrob Ranbhir Kapoor has made the largest recorded transaction per square feet by paying a whopping Rs. 35 crore for a property in Mumbai. The apartment is located in Bandra, close to Krishna Raj, his parental home, and is possibly the highest recorded transaction in the suburbs with Rs 1.42 lakh per square foot. read more at http://shopsandhomes.com/blog/index.php/2016/05/ranbhir-kapoor-beats-jindals-in-property-deal/

Rohit Sharma buys a villa worth 5 cr in Suniel Shetty’s project

Cricketer Rohit Sharma who not so long ago purchased a flat in Prabhadevi area of Mumbai for Rs. 30 crore, recently indulged onto a villa in Khandala. According to sources from the real estate industry, Sharma bought a bungalow in a residential project named ‘Discovery’, which is owned by actor Suniel Shetty’s company S2 Realty. read more at http://shopsandhomes.com/blog/index.php/2016/05/rohit-sharma-buys-a-villa-worth-5-cr-in-suniel-shettys-project/

SRK’s Dubai realty project kicks off

Besides owning several properties in Dubai, Bollywood’s King Khan has also invested in a real estateproject called Royal Estates. The ambitious project was formerly launched in 2008 but was put on hold due to global financial crisis.  read more at http://shopsandhomes.com/blog/index.php/2016/05/srks-dubai-realty-project-kicks-off/

Deepika Padukone endorses Lodha’s weekend enclave

Fans of the Bollywood diva Deepika Padukone will soon see her endorsing Mumbai-based real estate developer Lodha’s premium weekend home development property around a riverside Greg Norman golf course. read more at http://shopsandhomes.com/blog/index.php/2016/05/deepika-padukone-endorses-lodhas-weekend-enclave/

Investment v/s Home Loan pre-payment

Owning a home of yours is indeed a good feeling but in today’s world, it is invariably accompanied with the burden of a housing loan. The question that bothers borrowers is that should they receive an annual bonus or a lump sum amount from some source, whether it should be invested in other instruments or be used to pay off that huge outstanding due. Here is an attempt to enlighten you on some pointers that may help you make that crucial decision. read more at http://shopsandhomes.com/blog/index.php/2016/05/investment-vs-home-loan-pre-payment/

Puranik Builders gets Rs. 300 cr of realty investment through KKR’s NBFC

Global private equity major KKR’s non-banking financial company (NBFC) has approved an investment of Rs 300 crore in two under-construction residential projects of Pune-based Puranik Builders -Abitante and Aldea Espanola being developed in Pune’s Bawadhan and Baner locality . read more at http://shopsandhomes.com/blog/index.php/2016/05/puranik-builders-gets-rs-300-cr-of-realty-investment-through-kkrs-nbfc/

CREDAI Property Expo at Nashik sees over 15,000 visitors

The 3-day property expo which was organised by the Confederation of Real Estate Developers Association of India (CREDAI) at the Chopda Lawns along Gangapur Road at Nashik was a huge success with over 15,000 visitors and an estimated business of Rs. 5 crore with on the spot bookings. read more at http://shopsandhomes.com/blog/index.php/2016/05/credai-property-expo-at-nashik-sees-over-15000-visitors/

Home Loans for everyone by PNB Housing Finance

In an effort to bring cheer to middle and lower income segments which dream of owning a home at affordable Equated Monthly Installments, PNB Housing Finance Ltd. launched a special home loan scheme for the salaried and self-employed professionals with income starting from Rs 10,000 per month and above for a loan amount up to Rs. 25 lakh. read more at http://shopsandhomes.com/blog/index.php/2016/05/home-loans-for-everyone-by-pnb-housing-finance/

Fancy living, vintage thinking – Anuj Sachdeva’s residence

It is indeed tough to own a house in Mumbai, but the Sabki Laadli Bebo actor Anuj Sachdeva finally bought his dream home after spending nearly a decade in showbiz. Anuj was on cloud nine when he purchased a 2-BHK apartment in a plush tower in Goregaon in 2014. read more at http://shopsandhomes.com/blog/index.php/2016/05/fancy-living-vintage-thinking-anuj-sachdevas-residence/

Digital India – it’s the turn of Maharashtra property records

Good news for the citizen of Maharashtra as the state government has developed a system in which land records would be available in public domain. Investors and property buyers will have the option to apply online in order to check all records of the land they are dealing in. read more at http://shopsandhomes.com/blog/index.php/2016/05/digital-india-its-the-turn-of-maharashtra-property-records/

Desi Girl looks for her dream home in videsh!

Bollywood’s Desi Girl Priyanka Chopra is busy gathering new feathers for her hat or must we say new hat for more feathers! The beautiful actress has only been conquering new heights since the past year not only in her country, but abroad as well. read more at http://shopsandhomes.com/blog/index.php/2016/05/desi-girl-looks-for-her-dream-home-in-videsh/

The significance of Akshay Tritiya for realty sector this year

The third day of the first half of the month Vaishakh as per the Hindu calendar is Akshay Tritiya, a day symbolizing prosperity. It is also believed to be one of the most auspicious days during which people invest in property or other valuables. read more at http://shopsandhomes.com/blog/index.php/2016/05/the-significance-of-akshay-tritiya-for-realty-sector-this-year/

Cheer in the realty sector as home sales increase by 6%

Aided by stagnant pricing, discounts from builders and launch of new projects at lower prices led to increased Home sales by 6% in the January-March quarter from that a year ago across eight top cities of India, according to a report by property research firm Liases Foras. read more at http://shopsandhomes.com/blog/index.php/2016/05/cheer-in-the-realty-sector-as-home-sales-increase-by-6/

Raheja to develop 6 million sqft for Rs. 2000 crore in Navi Mumbai

Buoyant with the increasing demand of affordable commercial office spaces, the K. Raheja Group which already runs three IT parks under the brand Mindspace, is planning to invest an estimated Rs.2,000 crore in acquiring land and developing 6 million sq. ft of commercial space in the next two-and-a-half years in Navi Mumbai. read more at http://shopsandhomes.com/blog/index.php/2016/05/raheja-to-develop-6-million-sqft-for-rs-2000-crore-in-navi-mumbai/

Sunil Shetty’s holiday home at Khandala

Located at a mere 2-hour drive from Mumbai, Sunil Shetty’s holiday home in Khandala is an isle of peace amidst the beauty of Mother Nature. Away from the hustle and bustle of city life, this home is a perfect example of luxury living, designed for a serene experience. read more at http://shopsandhomes.com/blog/index.php/2016/05/sunil-shettys-holiday-home-at-khandala/

Cuffe Parade could get a New York like Central Park

The Central Park in NYC, one of the most filmed locations in the world, is spread over nearly 900 acres. Now, The BMC wants to build Mumbai’s largest park in south Mumbai, on the lines of the historic Central Park in New York City. The civic body has proposed to reclaim 300 acres off Cuffe Parade for the project. Interestingly, the biggest park spreading over 290 acres in the Mumbai Metropolitan Region which is in Kharghar, Navi Mumbai is also named the Central Park. read more at http://shopsandhomes.com/blog/index.php/2016/05/cuffe-parade-could-get-a-new-york-like-central-park/

Good news – enactment of Real Estate Bill from May 1, 2016

The process of making essential operational rules and creation of institutional infrastructure for protecting the interests of consumers in the realty sector begins with the ratification of the Real Estate (Regulation and Development) Act, 2016 that comes into effect from May 1st. read more at http://shopsandhomes.com/blog/index.php/2016/05/good-news-enactment-of-real-estate-bill-from-may-1-2016/

Get extra tax exemption on your first home loan

The Finance Bill 2016, which is expected to be approved by Parliament during the ongoing second half of the Budget session, provides for up to Rs 50,000 tax benefit on housing loans up to Rs 35 lakh taken for first residential property. The proposal aims to promote the government’s ‘housing for all’ scheme and strengthen the real estate sector which is facing a massive slowdown for last three-four years. read more at http://shopsandhomes.com/blog/index.php/2016/05/get-extra-tax-exemption-on-your-first-home-loan/

Home Loans for everyone by PNB Housing Finance

In an effort to bring cheer to middle and lower income segments which dream of owning a home at affordable Equated Monthly Installments, PNB Housing Finance Ltd. launched a special home loan scheme for the salaried and self-employed professionals with income starting from Rs 10,000 per month and above for a loan amount up to Rs. 25 lakh. read more at http://shopsandhomes.com/blog/index.php/2016/05/home-loans-for-everyone-by-pnb-housing-finance/