The Partnership for Global Infrastructure and Investment (PGII), a cooperative initiative to finance infrastructure projects in developing countries, has been officially launched by the G7 countries, who are gathered during the ongoing Leaders’ Summit in Germany. Due to the bloc’s opposition to China’s “Belt and Road Initiative,” the proposal, which was unveiled on June 27, is gaining attention.… Read more
PropertyPistol Insight Team
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FY 23 is the year of the real estate market boom
Tags: IndiaReal Estate
Indian real estate finished the previous fiscal year on a very solid platform, with one of the highest growths in recent memory. According to Knight and Frank’s research, the eight major cities in India published a total income of 78,600 units in Q4 FY22, the highest in the previous four years. With the help of a 9 percent increase year over year, the quarterly income increased. The biggest growth was seen in Delhi NCR, which grew by 123 percent year over year. Other markets, like Bangalore, Ahmedabad, and Hyderabad, also saw a noteworthy increase.… Read more
All About Taloja, Navi Mumbai
Taloja, which has Kharghar as a nearby community, is quickly becoming a vital residential getaway for residents. The development in this area has been sparked by recent news that Kharghar is now connected to The City and Industrial Development Corporation of Maharashtra (CIDCO) by an overpass that is being improved. Proposed metro stations, a new international airport, and comparatively inexpensive fees are other factors driving higher capital prices.
Kharghar, located around nine kilometers distant, has capital values in the range of Rs 7,000–8,000 per rectangular foot, whereas ordinary asset fees in Taloja are roughly Rs 4,000–4,500 per rectangular foot.… Read more
Property rights for women
According to Section 14 of the Hindu Succession Act of 1956, “Any property owned by a female, whether acquired before or after the Act’s commencement, may be retained by her as the whole owner and no longer as a limited proprietor.” According to this rule, the woman is unquestionably the rightful owner of her possessions. Many women are still unaware of their rights and are under the mistaken assumption that they only have limited control over their property, in spite of those modifications. The Center has made several actions to strengthen girls’ property rights by presenting various legislative revisions. 2005 saw the Act include new provisions.… Read more
Property rights of daughters and daughters-in-law in India
The Hindu Succession Act was amended in 2005, and as a result, daughters were granted the same rights as coparceners. However, there has been uncertainty over the count because the modification became effective as of the day of the announcement and is no longer taken into account for incidents occurring before 2005. To put this to rest, the Supreme Court (SC) ruled in a historic decision on August 11, 2020, that daughters had the same rights as coheirs under the Hindu Succession Act, regardless of when the transition occurred. According to the Supreme Court, a daughter acquires her coparcenary rights through birth.… Read more
Why is India’s rental yield one of the lowest?
Rental yield in India’s eight biggest cities, namely Bangalore, Delhi NCR, Mumbai, Chennai, Hyderabad, Pune, Ahmedabad, and Kolkata, has been stable for several years. Whereas the rental market has grown at a reasonable pace, the rental yield has held steady. The average return on furnished properties in India is only 3.3 percent, which is much lower than the 3.5-4 percent average return in other Asian nations and the 4.5-5 percent average yield in European countries. Although increasing rental yields has been a problem in recent years, the low rental yield has made purchasers wary of investing in real estate, especially individuals hoping to use real estate to generate income.… Read more
Why was the Ujwal DISCOM Assurance Yojana established?
DISCOMs buy electricity from power-producing firms. Power Purchase Agreements are used to make these acquisitions (PPAs). The financial status of the country’s DISCOMs has lately deteriorated. A detailed examination of these firms revealed that they are deeply in debt. Despite the fact that the bulk of these businesses are run by state and federal governments, officials have been unable to resolve the situation. A thorough investigation of the operation of DISCOMs indicated that the reason for such high losses was these firms were unable to match power cost prices with their sale prices.… Read more
What exactly is the National Infrastructure Pipeline (NIP)?
Tags: Infrastructure
The National Infrastructure Pipeline (NIP) is the flagship initiative of the Government of India. It is asserted that it will create a favourable and supportive climate for major private investment in the infrastructure sector at all three levels of government. NIP will develop, implement, and sustain public infrastructure projects to satisfy strategic priorities of productivity, equity, and inclusivity.… Read more
What exactly is ESampada portal: Qualification and Benefits?
Tags: Real Estate
What exactly is ESampada?
ESampada is a site for central government personnel created by the housing ministry that can be viewed at https://esampada.mohua.gov.in/signin. The E-Sampada website strives for ‘One Nation, One System.’ Holidayhomes.nic.in, eawas.nic.in, estates.gov.in, and gpra.nic.in services are integrated and made accessible on one E-Sampada website. Central government employees can use eSampada to register for inexpensive housing at their workplace through the General Pool Residential Accommodation (GPRA) scheme. In its Automated System of Allotment, the Directorate of Estates manages the allocation of Residential Government Residential Accommodation. Previously, these allotments were handled using the E-Awas Delhi site.… Read more
What exactly is a site plan?
A comprehensive architectural design that depicts the shape, position, and orientation of a structure on a site is known as a site plan. It often refers to the plot plan and comprises the measurements, contours, sceneries, and noteworthy characteristics of a piece of land.… Read more
