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News Home Fix guideline rates realistically, builders tell ministers Date : Jan 30, 2014 NDORE: Real estate developers in Indore have demanded that guideline rates must be made on realistic grounds. In a meeting with newly appointed state's minister for urban administration, Kailash Vijayvargiya, here on Wednesday, they said the new guideline rates, which were declared by district administration on Tuesday, were not fixed on any realistic grounds, which was unjustified. Even the minister has promised to make rates reasonable. The minister promised developers that he will personally look into all the demands and will come out with a concrete solution for them within 15 days. Talking to TOI after the meeting, general secretary of CREDAI's Indore chapter, Sandeep Srivastava, said, "We have deman CEOs in India earn 78 times the salary of an entry-level professional, says study Date : Jan 29, 2014 Indian companies are likely to give more than 10 per cent pay hike to their top executives this year amid hopes of revival in economic growth and business prospects, says a study. Global management consultancy Hay Group's study released on Monday said compensation of Chief Executive Officers (CEOs) and Managing Directors (MDs) are projected to increase by 10 per cent this year, higher than 9 per cent hike in 2013. Top executives, a part of the senior management team, are set to see a 10.4 per cent increase in their pay, up from 9.5 per cent seen last year. "This year, we see a return to double-digit pay increases for CEOs and their top teams, after a dip last year... The main reason for the trend is that Date : Jan 28, 2014 Homeowners’ insurance isn’t a luxury, it’s a necessity. In fact, most mortgage companies won’t make a loan or finance a residential real estate transaction unless the buyer provides proof of coverage for the full or fair value of the property (usually equal to the purchase price). In this article, we’ll show you some simple actions you can take to make sure your homeowners’ insurance is sufficient for your needs. Homeowners’ insurance can be very expensive. Those that live in high-risk areas, such as close to major waterways, along known earthquake fault lines or other high-claims areas will pay the most for coverage. In fact, those in high-risk areas are often forced to pay annual 62 Mln Houses Needed to Ensure a Home for All: Study Date : Jan 27, 2014 MORTGAGE AS A SHARE OF GDP As 95 percent of housing shortage in urban areas (in India) emanate from the EWS (economically weaker section) and LIG (low income group) categories, alternative methods of providing a home to them need to be implemented. A study—Housing: The Game Changer, by Cushman & Wakefield and Credai—says the Indian real estate sector needs to build 62.45 million units to fill the demand-supply gap. But a host of factors, including inflow of FDI into the sector and regulatory hurdles delaying projects, have pegged back growth in the sector. One silver lining is the low mortgage to GDP ratio (9 percent mortgage compared to 88 percent in the UK and 20 percent in China). “. Date : Jan 26, 2014 Here, the latest tips and tricks from Paul James, host of Gardening by the Yard: 1. To remove the salt deposits that form on clay pots, combine equal parts white vinegar, rubbing alcohol and water in a spray bottle. Apply the mixture to the pot and scrub with a plastic brush. Let the pot dry before you plant anything in it. 2. To prevent accumulating dirt under your fingernails while you work in the garden, draw your fingernails across a bar of soap and you'll effectively seal the undersides of your nails so dirt can't collect beneath them. Then, after you've finished in the garden, use a nailbrush to remove the soap and your nails will be sparkling clean. 3. To prevent the line on your string trimmer f Date : Jan 26, 2014 Report , December 23, 2013 NEW YORK, NY (December 23, 2013) — Internet advertising revenues in the U.S. hit a record-breaking high of $10.69 billion for the third quarter of 2013, according to the latest IAB Internet Advertising Revenue Report figures released today by the Interactive Advertising Bureau (IAB) and PwC US. This represents an uptick of 15 percent over the record-setting revenues of $9.26 billion reported in Q3 2012. In addition, it marks a 4.2 percent rise from the second quarter of 2013, which came in at $10.26 billion. “These figures reflect marketers’ trust in interactive to deliver,” said Randall Rothenberg, President and CEO, IAB. “It is indicative of the digital age in which India Property Fest attracts NRIs with array of projects:Abu Dhabi Date : Jan 25, 2014 Abu Dhabi, Jan 25: The eagerly awaited show, India Property Fest opened on Friday January 24 on a glorious note. The fest unveiled a spectrum of upscale and extravagant choices on the homes and property sector. Emirates Palace being a venue that is defined by its class and luxury, there couldn’t be a better stage for having given grounds for one of the most magnificent property shows in the UAE. Various top-notch builders and developers coming from across the length and breadth of India showcased the best in their kitty with all the zeal and zest. The event received its honours with the presence of honourable dignitaries from the banking and real estate industry. The inaugural ceremony was presided over by V G Ronald Organized retail real estate supply grows 78% in 2013: CBRE Date : Jan 24, 2014 The total organized retail real estate supply in India grew by 78 per cent to approximately 4.7 million square feet in 2013 from the total mall supply of 2.5 million square feet in 2012, according to a new report from CBRE. Pointing out that most of the supply in 2013 was concentrated across Tier II cities, the report, India Retail Market View H2 2013, aid that 2014 was likely to witness supply addition in the key hubs of the National Capital Region (NCR) and Mumbai. The report said demand from international and domestic brands as well as retailers continued to strengthen throughout 2013; with the second half of the year witnessing an increase in demand for quality retail space in Delhi Real Estate Bill is Pending in 2013. Date : Jan 23, 2014 The Real Estate (Regulation and Development) Bill, 2013 The real estate sector is largely unregulated. There is lack of standardization, transparency and consumer protection. Introduced in August 2013, this Bill deals with residential real estate, and looks into the transactional (buying and selling) aspect of the sector; it aims to bring transparency to the sector, making disclosure of project details mandatory, along with the functions of the promoter. It also aims to provide a speedy grievance redressal mechanism. The Bill seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level. RERAs will aim to ensure consumer protection, standardisation in business practices, and transactions in the real estate se House Buying Before Checking The Document Date : Jan 22, 2014 Buying your own home may be a cherished dream, but it doesn't take much for it to turn into a nightmare. Given that real estate is among our most expensive purchases, landing a lemon can prove to be a financial disaster. The only way to avoid such a situation is to take time out to conduct due diligence before finalising any property deal. Of course, a reliable shortcut is to buy into a project that is backed by financial intermediaries like banks. "Seldom would they hand out loans to projects where due diligence throws up pending mandatory clearances," explains Shveta Jain, executive director, residential services, Cushman & Wakefield, India. ou can also engage a lawyer to carry ou Home Loan Buying Tips Most Important Date : Jan 21, 2014 Home Buying Tips:- Some quick questions and answers below will serve as essential tips when you buy a home: Q: What are the important documents one should check before buying any property? If you want to purchase a property, you must see the approved layout plan, approved building plan, ownership documents, carryout search, etc. Consult an advocate before you purchase a property so that he can advise you. Q: What is the difference between built up area, super built up area, and carpet area? Carpet Area: This is the area of the apartment/building, which does not include the area of the walls. Built up Area: This is the area of the apartment/building which includes the area of the walls also. Idea For Your Dream Home - General Tips Home Developement Date : Jan 20, 2014 General Tips :- Building a home may be the most important and valuable investment that you make in your lifetime. Although you may delegate a number of services to your contractor or engineer, it is still important for you to have the best possible knowledge about the various aspects of the construction process. If economy is your concern, you can follow these tips to help you save construction costs: Avoid complicated forms of shapes. Avoid complex system of level. Insist on economic structural design. Provide maximum possible provision for natural light and ventilation. Ensure efficient placement of utilities like water-supply pipes, power cables etc. Use fresh, sound and durable |
  
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