Builders are having it tough, but a certain one, BPTP in the NCR region is offering a tie up with HDFC to give home loans at 5.99%. "BPTP…today announced a partnership with HDFC to offer home loans at just 5.99 per cent per annum. This is part of a limited period special offer, designed to [...]

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The cabinet has approved Foreign Direct Investment (FDI) in Retail. 51% in multi-brand retail (think Walmart, Tesco) 100% in single-brand retail (like a Nike) $100 million minimum investment, of which 50% must be in back-end 30% of sourcing from SMEs in India Only in towns with over 1 million population This has pushed retail stocks [...]

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A recent supreme court verdict is quite significant, in disallowing “General Power Of Attorney” (GPA) as a legitimate way to transfer property title. Concept: GPA based sales went like this: I own a property that you want You pay me money to buy it from me You don’t intend to keep the property, you want [...]

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I’m interviewed by Manish Chauhan at JagoInvestor on the Noida Extension issue. The Supreme Court’s verdict to return Shahberi land to villagers has created a larger issue, with farmers from other areas demanding their land back too. Builders are playing truant, buyers are in a panic and the Greater Noida Authority is clueless.  As I [...]

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It seems banks are looking to approach RBI for a special dispensation for the money lent to homes in Noida Extension where the supreme court has said that the land should now be given back to farmers. “We will need the regulator’s indulgence on the matter. This is an extraordinary situation necessitated by court rulings,” [...]

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Often, to figure out if a country is in a real estate bubble, what is measured is a price-to-income ratio. That is, a house price divided by the income of the buyer. Typical P-I ratios, in 2007 in the US, went from 9.5 in New York to 6.2 in San Diego (and 0.9 in Detroit). [...]

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After a verdict by the Supreme Court that made some of the Greater Noida land acquisition illegal, SBI and other banks have stopped lending to real estate in the region. DNA says 6,000 buyers are impacted. Many will move to other projects, yet others will be desperate to get back their money. I wonder how [...]

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From the WSJ: The Great Property Bubble Of China May Be Popping After years of housing prices gone wild, China’s property bubble is starting to deflate. Residential prices are heading downward in some major cities, damping some undesired real-estate speculation but raising the prospect that the Chinese economy may slow more rapidly than anticipated with [...]

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Question from a reader: My housing loan is being disbursed in stages as my house is getting complete. My bank charges me only the interest until I get possession. Can I pay the Full EMI instead? Of course you can. Banks don’t want you to, largely because it increases the total interest you have to [...]

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With the real estate situation in India getting too hot, it seems our folks have found better opportunities elsewhere. Rohit Prakash, based in Austin, Texas , has for long been doing brisk business helping Americans and foreigners buy and sell property in the capital of one of America’s biggest states. Recently, he set up American [...]

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