Greater Noida to allow 4 FAR along Aqua Line metro

All real estate projects — residential and commercial like Migsun Vilaasa — that fall within a half-kilometer radius of Aqua Line metro stations in Greater Noida would soon be allowed FAR (floor-area-ratio) of 4, which is above the existing FAR of 3.5. This means that existing or planned projects in the region will be able…

Budget 2019: How second-time homebuyers may gain from reforms

To begin with, the interim budget has proposed to do away with income tax levied on the notional rent on a second, self-occupied house. The interim budget unveiled on Friday was tilted in favour of second-time homebuyers, offering benefits extending from long-term capital gains (LTCG) to exemption on notional rent earned on the second house…

Starting young: Meet professionals buying homes before 30

In a rapidly growing economy that is also one of the youngest countries in the world, the under-30 segment constitutes a massive market. “By 2020, 65% of our population will be under 35, so developers are actively wooing the young home buyer,” says Anshuman Magazine, chairman for India and South East Asia at realty consultancy…

NCR report card: Where should you invest – Gurugram or Greater Noida?

Low investor interest and an inventory overhang of more than one lakh residential units kept real estate developers cautious of increasing the prices in the Delhi-NCR market. The Delhi-NCR market witnessed cautious and strategic new launches under the watchful eye of the Real Estate (Regulation and Development) Act, 2016 (RERA. Green shoots of recovery were…

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