Realty’s onion analogy

Written by Jayanta Friday, 06 December 2013

( 0 Votes )TNS The whole country was recently abuzz when the price of onions (one of the most essential staples of the Indian diet) rose above the price limit of ~100 per kg (that’s nearly $0.75 per pound) in the country’s capital and surrounding areas. The reasons for this were a crop affected by unseasonal rains and hoarding by suppliers and a few large far...

Mumbai realty prices may drop in 2014

Written by Jayanta Friday, 06 December 2013

( 0 Votes )TNS Weak absorption and rising inventories in the residential market here may lead to price correction in Mumbai in the early part of 2014, real estate consultancy firm Knight Frank said in a recent report. Nearly 2.9 lakh residential units are under construction in the city while unsold units stood at 1.3 lakh during the January-September period,...

Home prices may slip

Written by Jayanta Friday, 06 December 2013

( 0 Votes )TNS Home buyers expect prices to fall in the next six months as indicated by housing sentiment index that fell by 20 per cent during July-September compared to the previous quarter, according to a survey by Indian Institute of Management Bangalore and property portal Magicbricks. The Housing Sentiment Index (HSI) is based on an online survey of...

Haryana government’s property tax formula has left flat owners at a disadvantage

Written by Jayanta Friday, 06 December 2013

( 0 Votes )TNS The rationalised property tax regime by the Haryana Government has sent lakhs of property owners, especially apartment owners, into a tizzy. In fact, the “irrational illogical” property tax formula has earned the ire of the apartment owners, including the cooperative housing society members. All of them have alleged that they have got a raw dea...