Real Estate Sector Latest News, Updates &amp; Insights &#8211; PropertyPistol Blog

News

In the last seven years, one out of every ten Indians has purchased a new home, yet bank financing remains the least common

Owning a home is a dream for many Indians, and it is considered a symbol of stability and security. However, a recent report has revealed that only one in ten Indians has been able to purchase a new house in the last seven years, and financing from banks for home purchases is at an all-time low. According to a report by the Reserve Bank of India (RBI), only 10% of Indian households have been able to buy a new house between 2014 and 2021. The report also highlighted that the percentage of households that own a house has only increased by 2% during this period.

Infrastructure

Mumbai’s newly built 4-lane balanced cantilever bridge across Versova Creek is now open to the public!

The city of Mumbai is known for its vibrant culture, diverse population, and bustling economy. As the city continues to grow, infrastructure development has become a top priority. The newly constructed 4-lane balanced cantilever bridge on Versova Creek is the latest addition to Mumbai’s infrastructure and is now open to the public. The bridge, which connects Mumbai’s western suburbs with the city’s business districts, is a crucial part of the city’s transportation network. The 1.6-kilometer-long bridge is built using the latest technology, and its construction was completed in a record time of just 28 months.

News

Why is the festive period the ideal time to invest in real estate?

The festive season in India is a time of joy and celebration, and it is also a great time to invest in real estate. This is because the real estate market in India experiences a surge in demand during this time, and developers offer attractive deals and discounts to attract buyers. One of the reasons why the festive season is a great time to invest in real estate is because of the sentiment associated with the season. It is a time of positivity and optimism, and people are more willing to make big-ticket purchases such as a new home. This leads to an increase in demand for homes, which drives up prices in the real estate market.

Realty News

Rose Valley: The Enforcement Directorate seizes assets worth Rs 159 crore in a money laundering investigation!

The Enforcement Directorate (ED) has attached assets worth Rs 159 crore in the Rose Valley money laundering case. The attached assets include land, buildings, and other immovable properties in West Bengal, Odisha, and Delhi. The ED initiated the investigation into the Rose Valley case in 2013 and has been pursuing it since then. Rose Valley was a chit fund company that operated in West Bengal, Odisha, and other parts of the country. The company collected money from people promising high returns on their investments. However, the company failed to deliver on its promises, and the investors lost their money. The company’s founder, Gautam Kundu, was arrested in 2015, and the ED filed a charge sheet against him and other accused in the case.

Create a Mosquito-Free Zone: Tips for Planting and Growing Mosquito Repellent Plants!

Mosquito repellent plants are a natural and effective way to keep mosquitoes at bay. Here are some tips on how to plant, grow, and care for mosquito repellent plants:

Jamun Tree: A Comprehensive Guide to Growing and Caring for Indian Blackberry Trees!

Jamun tree, also known as Indian blackberry or Syzygium cumini, is a tropical fruit tree that is native to India, Bangladesh, and Sri Lanka. Here are some facts, benefits, and tips to grow and care for Jamun trees:

The Ultimate Guide to Growing and Caring for Capsicum Plants at Home!

Capsicum, also known as bell pepper or sweet pepper, is a popular vegetable that is easy to grow in a home garden. Here are some tips on how to grow and care for capsicum plants:

The Wonders of Aloe Vera: How to Grow, Care for, and Use this Miracle Plant!

Aloe Vera is a versatile plant that has been used for its medicinal properties for thousands of years. It is easy to grow and care for, making it a popular choice for indoor and outdoor gardens. Here is a comprehensive guide on how to grow, care for, and use this miracle plant.

The Spice of Life: Growing Cinnamon Plants at Home!

Cinnamon is a popular spice that is derived from the bark of the Cinnamomum Verum tree. If you’re interested in growing your own cinnamon plant, here are some tips for getting started: