Author: Neeraj Bhaker

In a major update for property buyers in Noida, the Noida Authority has introduced a rule that allows homebuyers to register flats after paying only 10% of the total cost. This regulation aims to make the buying process safer and more transparent, providing more protection for homebuyers. The new rule will apply to all fresh residential projects in Noida, and it’s hoped to help increase buyer confidence and protect their investments. Under this rule, real estate developers in Noida must ensure a registered sale agreement for flats as soon as the buyer has paid the initial 10% of the property…

The real estate market in Delhi-NCR is on the brink of a significant change. The Stamp and Registration Department has proposed a sharp increase in circle rates, with a 25-30% rise planned for residential properties. For commercial, industrial, and IT sectors, a 10% hike has been suggested, while agricultural land is expected to see a 15% increase. Why the Circle Rate Hike? Circle rates were last revised in August 2019, and there has been no change for over five years. Given the rising property prices in Delhi, Noida, and Ghaziabad, the administration believes that an update is necessary to keep…

Nitin Kamath, co-founder of Zerodha and popular financial advisor, once advocated for renting instead of buying a house. Recently, however, he made headlines by purchasing a luxurious home. This decision left many people questioning his previous advice, with some even accusing him of hypocrisy. However, Kamath has addressed the issue, admitting that renting has its downsides. The Debate: Rent or Buy? The choice between buying a house or living on rent has been a common dilemma for many. Anshuman Magazine, the Chairman and CEO of CBRE India, explains that there isn’t a straightforward answer to this question. It varies depending…

The demand for affordable homes in India, especially those priced under ₹50 lakh, is declining steadily. Several factors are contributing to this shift, and it’s becoming a challenge for developers to attract buyers in this segment. Issues like poor location, low-quality construction, and small house sizes are making buyers hesitant to invest in affordable housing. Here’s a closer look at why homebuyers in the affordable segment are getting discouraged and what recent trends are shaping the real estate market. Key Factors Affecting Buyer Sentiment in the Affordable Segment According to the latest ANAROCK-FICCI Homebuyer Sentiment Survey report for the first…

When buying a flat, many assume that parking space is part of the deal. However, in some cases, builders try to charge extra for parking, creating confusion and disputes. A recent court ruling has now made it clear that builders cannot sell parking spaces separately. Here’s what happened and what buyers should know to avoid being overcharged. Retired Army Major’s Legal Fight Over Parking Fees An 81-year-old retired army major bought a 3 BHK flat in the Hill View Garden Housing Complex, Rajasthan. When purchasing the flat, the builder charged him an extra Rs 50,000 for parking space. However, according…

Luxury homes are flying off the shelves, with growing demand across cities like Delhi, Mumbai, Pune, and Bengaluru—and now even in Thane. Oberoi Realty, one of India’s top developers, achieved a new milestone by selling flats worth Rs. 1,348 crore within three days of opening bookings for its latest project in Thane. The company launched the first phase of its ambitious “Oberoi Garden City Thane” on October 18, 2024. As per the company’s announcement to the stock exchange, these bookings covered 5.65 lakh square feet of carpet area. 75-Acre Township with Premium Amenities Spread across 75 acres, the Oberoi Garden…

Buying property in India is a significant investment, and ensuring you have the right ownership documents is crucial. While some buyers opt for a full payment agreement in an attempt to save money or simplify the process, this route can lead to serious complications. A full payment agreement does not legally grant ownership, leaving the buyer vulnerable to losing the property they have paid for. Let’s explore why registering your property is essential, the risks involved with a full payment agreement, and how to safeguard your investment. Full Payment Agreement: A Weak Method of Ownership Transfer A full payment agreement,…

Mumbai is known for its sky-high property prices, and the scarcity of available land makes it even more valuable. The city, with its thriving real estate market, is home to Bollywood and serves as India’s financial hub. While the city is always expanding upwards, the available land is surprisingly concentrated in the hands of a few major families and trusts. Let’s take a closer look at who controls a significant portion of Mumbai’s land and how they acquired it. 1. Godrej Family: Leading Landowner in Mumbai At the top of the list is the Godrej family, which owns a massive…

This Diwali season, Delhi-NCR is expected to witness an explosion of new housing projects worth over Rs 1 lakh crore, marking one of the biggest real estate surges in recent times. Several developers had delayed the launch of these projects due to the Haryana elections. Now, with the elections concluded and a new government in place, the market is primed for action, with big names in the real estate industry preparing to roll out their projects in the festive season. Key Developers Gearing Up for Diwali Launch Well-known developers such as DLF, Signature Global, Max Estates, and TARC are already…

Buying a house is a major financial decision that requires careful consideration. Whether it’s your first home or an upgrade, choosing the right property ensures peace of mind and financial security. In this post, we’ll explore four crucial factors to help you find your perfect home and avoid common pitfalls. Let’s break down the things you should focus on to make your home-buying process smooth and stress-free. 1. Location Matters the Most: Think Beyond the Present The location of your property is not just about convenience but also about its long-term value. A well-chosen location ensures easy access to transportation,…