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Real Estate: ‘New home launches dip 35% in 2017’
8 per cent to 52 per cent decline range recorded in launches in the 8 cities, mainly on account of implementation of real estate regulatory law RERA under which all ongoing and new projects have to be registered with the authority.
Ten questions to ask yourself before investing in your dream house
India is a land of perennial infrastructure shortage. As the country of young aspiring people and short resources, we will find capital appreciation in real estate for the next 20 years. Create your own strategy to profit while you are planning a home.
Haryana: With changes in central law, government clears RERA
On the issue of the rate of interest payable by the promoter to the allottee or by the allottee to the promoter, the Haryana rules have mentioned that “it shall be the State Bank of India highest Marginal Cost of Lending Rate plus two per cent provided that in case the State Bank of India Marginal Cost of Lending Rate is not in use it would be replaced by such benchmark lending rates which the State Bank of India may fix from time to time for lending to the general public”.