Tag: Lakh

Budget Hits Hard the Realty

tThe real estate sector got hit quite seriously by the budget details. Very intelligently the Budget bribed the home buyers in the form of interest rate subvention and tax savings. On the other hand  service tax on lease rentals in the Finance Bill was also brought back. So, the builders decided to pass on the […]

Realty Crash Shuts Exit Options For Investors

It has become well nigh impossible for those who invested in real estate last year to exit the scene as the downturn has deepened and the prices being quoted do not even cover the purchase costs and interest expenses. Moreover, the negative global news flow has set off a panic reaction, inducing investors to close […]

Cash-starved Small Players Offer Investors Fixed Returns

With bank credit drying up and private channels of funding getting expensive, several small developers are attempting to mop-up funds from retail investors by offering them a 12% guaranteed return for 5-9 years. Under the scheme, a retail investor has to buy a minimum area in the project and make an outright payment. Delhi-based Piyush […]