Author: Neeraj Bhaker

Mumbai’s real estate market is making headlines again with the recent purchase of a sea-facing flat by Utpal Sheth, CEO of Rare Enterprises, a company founded by the late billionaire Rakesh Jhunjhunwala. Sheth has bought a luxurious flat worth Rs 123 crore in one of Mumbai’s prime locations—Worli. This purchase has grabbed attention not only because of its hefty price tag but also for its remarkable features. Sheth’s flat is located in the prestigious Oberoi Three Sixty West complex, a high-rise building that is known for its grandeur. What makes this deal stand out is the size and elegance of…

If you’re looking to buy a home in Noida or Greater Noida, here’s some great news. The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a new housing scheme near the fast-developing Jewar Airport area. This new scheme offers budget-friendly and luxurious flats, making it an excellent opportunity for prospective homeowners. Whether you’re a first-time homebuyer or looking to invest, this is the perfect time to explore affordable housing options close to one of the most strategic locations in the NCR region. What’s on Offer: Flats and Pricing Under YEIDA’s “Built-up Housing Scheme”, 1,239 flats are available for sale in…

Noida’s real estate market is experiencing a major shift, with ultra-luxury apartments priced at over ₹5 crore becoming more common. This high-end housing trend is no longer limited to Gurugram, as Noida rapidly emerges as a preferred destination for affluent buyers. But why are developers focusing on such expensive projects, and who exactly is buying these luxury homes? Is this a sign of market stability, or could it be an impending real estate bubble? Noida’s Growing Appeal for Luxury Living Over the past few years, Noida has seen rapid infrastructural development, turning it into a hotbed for high-end real estate.…

In a crucial development, the National Company Law Appellate Tribunal (NCLAT) has granted Supertech Township Projects, facing insolvency proceedings, an additional two weeks to present a comprehensive settlement proposal. This proposal is to be submitted to both the project’s lenders and affected homebuyers, aiming to resolve ongoing disputes. The case is being closely monitored as Supertech’s financial troubles have left numerous homebuyers waiting for completion, while lenders are seeking to recover their dues. Supertech Directed to Share Settlement Proposal on Its Website The three-member bench of the NCLAT has recommended that Supertech make its settlement proposal accessible to all concerned…

The real estate market in India is showing signs of a slowdown, with sales in top cities witnessing a decline. According to recent data, the sale of residential properties in major cities has dropped by 8% in the first five months of the financial year, and house sales in seven major cities fell by 11% from July to September. This could make it a favorable time for potential buyers to enter the market. If you’re planning to buy a property, it’s crucial to keep a few key points in mind to avoid making a costly mistake. Whether you’re a first-time…

As Navratri approaches, the Ghaziabad Development Authority (GDA) is offering an exciting opportunity for property buyers in Delhi-NCR. Over 175 properties, including residential plots, commercial spaces, and shops, will be up for auction. This is a chance for homebuyers and investors to secure valuable land at much lower prices than usual, with options available in prime locations such as Indirapuram, Vaishali Sector 6, Koyal Enclave, and others. What’s on Offer: A Range of Properties Across Ghaziabad The GDA is set to auction plots in various schemes, offering land sizes that cater to different needs. For example, in Indirapuram, you can…

India’s real estate market saw a significant drop in housing sales during July-September 2024, with a decline of 11% across the top seven cities. This decline in residential sales has been attributed to the increase in property prices and a lower number of new launches. According to a report by Anarock, one of the leading real estate consultancies, home sales in these major cities reduced from 1,20,290 units in the same quarter last year to 1,07,060 units this year. The rise in property prices, averaging 23% on an annual basis, has made it more difficult for buyers to invest in…

Owning a home is often seen as a major life milestone, especially in India. People associate owning property with stability and success. It’s common to hear stories about someone who bought a house as soon as they got their first job. But is that the best financial decision for young professionals? With easy access to home loans, it’s tempting to jump into buying a house early in your career. However, this choice might not always be the smartest move, especially when compared to renting. Let’s explore why buying a house as soon as you start working might not be the…

The trend of Indians purchasing property abroad has grown significantly in recent years, with popular locations like Dubai, London, and California becoming hot spots for investment. A new pattern has emerged where wealthy Indians are buying property overseas in the names of their minor children. They are doing this by taking advantage of a government rule under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI). Let’s explore how this works, the legal aspects involved, and the complexities around tax filings. What Is the Liberalised Remittance Scheme (LRS)? The LRS allows Indian residents to send up to…

When we think of famous figures like Abraham Lincoln, Pablo Picasso, and Agatha Christie, we rarely associate them with the absence of a will. Yet, all three passed away without preparing one, leading to complications in the division of their wealth. A will is a crucial document that ensures your assets—whether immovable like property or movable like shares, fixed deposits, and mutual funds—are distributed according to your wishes after your death. Common Misconceptions Around Wills Many people assume that writing a will is unnecessary, especially when they trust their children or family members to divide the property fairly. Some believe…