Showing posts with label nirrtigo. Show all posts
Showing posts with label nirrtigo. Show all posts

Ultra Luxurious Houses That Are owned By Big Pocket Celebrities in India

India is rapidly as well as continually growing country with rising economy as well as Big Pocket celebrities who are not just investing in their business for generating more and more revenue but are fully dipped into a luxurious lifestyle. They are investing a huge amount of their earnings in luxury. Not just them, with the changing lifestyle, many people are looking for luxurious properties in Mumbai. Here is the list of some big pocket guys owning dream mansions in one or the other urban cities of the country. This is how the house of your favorite celebrity or a popular Industrialist looks like:

Seventh Pay Commission and its impact on the real estate sector

The Union Cabinet’s implementation of much-awaited Seventh Pay Commission has given public sector employees and pensioners a big occasion to celebrate. The Central Government Employees will receive a hike of about 23.5% in their salaries. This increment in the earnings of the Government employees is bound to have a positive impact on the Indian real estate sector. The hike in the House Rent Allowance (HRA) is expected to increase the residential demand further.

6 Tips to Give Your Home a Charming Vintage Look

Planning to redecorate your home and add some vintage charm to it? Well, it doesn’t necessarily need to be expensive, and you don’t have to visit antique stores to get your hands on vintage decor. Start with things like old frames, metal baskets, old cartons, and suitcases. Paint the rooms right—choose pastel shades like vintage blue, along with shades of silver and gold for that perfect vintage look. Here are some simple tips to help you give your rented apartment or house a rustic look:

How GST Implementation Would Be Helpful for Real Estate?

Why is the Goods and Services Tax (GST) a welcome change for realty? Read on if this topic piques your curiosity as a property developer or seller. The Goods and Services Tax (GST) is an effort toward simplifying the process of taxation by bringing different types of taxes under one umbrella. As simple as it seems, the implementation of GST entails far-reaching effects across sectors. Real estate is indubitably part of this spectrum.

Bengaluru, the top performing city in the real estate market

If you are looking to acquire a new home in Bengaluru, then you are at right place at the right time. Post the drop in the overall real estate market; Bengaluru sturdily held its number one position in India in the first six months of 2016. This course is expected to go on for the rest half of the year with the new launches likely to rise by 4 percent in comparison to the last six months of 2015.

16 Super Uber Tips on Finding the Perfect Flatmate

It’s probably one of the most serious problems dogging the 21st century working professionals in the country. In fact, it’s pretty much like finding a new boyfriend/girlfriend, only a little more complicated. Why is that? Well, because you can part your ways with your partner when things go awry, but it’s not as simple with a flatmate. Since you will have signed a lease agreement, you will need to stick with them till the contract runs out.

Decoding Hinjawadi – The Locality that's Revolutionized Western Pune

Pune is such a laid-back city, it's easy to it call home. Located on the Deccan Plateau and 560 meters above sea level, it enjoys impeccable weather all through the year. However, it's not just the temperature that makes Pune cool, but also the people and its blend of traditional values and modernity. The infusion of these two elements brews a vivid cosmopolitan attitude that defines this city.

Commercial office market shines in real estate sector

Although the residential market continues to dip, stable lease rentals, high absorption levels, worldwide investor’s interest and insufficient supply have paved the way for commercial real estate market. Unlike the disintegrated residential sector, a few distinguished developers, with the support of investors, are building quality office spaces in the central cities.

The 5 Craziest Haunted House Stories of All Time in India

Bam! A thunderstorm roars with scary intensity, seemingly taking the electricity with it. Backup generators stop functioning and the temperature in the room seems to drop by 10 degrees, making it unnaturally cold. You know you are all alone in your apartment. But you get the sneaky feeling that you aren’t.

Housing Shortage and Housing Finance Facts in India

Author: Sachin Gupta | Find me on Twitter Follow @sach_gupta. 'Roti, Kapda, aur Makaan' was a famous movie that highlighted the 3 basic requirements of life. And yet, a closer look at the 'Makaan' or housing statistics in India, we notice that there is still a long way to go before we fulfill these basic requirements in the lives of millions of people in India.

Filth, noise and air pollution in Indian cities…a ticking bomb waiting to explode

While we build new townships, luxury real estate projects, branded homes, shopping malls, highways and what not….People are getting wealthier, buying luxury cars..Dining in star restaurants...wearing branded clothes, watches…but walk past the streets in cities and all we see is stockpile of garbage and filth. Open sewers, high level of noise pollution, air pollution and what we have is a ticking bomb waiting to explode and take away all our wealth and growth in just a matter of few years. Yes, few years. You read it right…


Growth of Housing Finance in India

In order to provide housing for all by 2022, the government needs to develop the housing finance sector. In its current avatar, the housing finance sector is able to provide loans to borrowers working in the formal sector with proof of income and banking transactions. However, about 99% of the total shortage of housing in urban areas belongs to the Economic Weaker Section and Low Income Groups of the society.  (Overall housing shortage in urban areas - 18.78 million units till 2012).

Chai pe Charcha on Car Parking Issues in India

Ever since congress wallah [some people call ‘wallah’ as minister J] Mani Shankar Aiyar took jibe on now Prime Minister of India Narendra Modi about his Chai wallah background, the ‘Chai pe Charcha’ has almost attained a godly status. During the election campaign, Mr. Modi used ‘Chai pe Charcha’ as one of the most effective tool to reach out to people of India. So, how can we, mere mortals, lag behind in this race to have our own ‘Chai pe Charcha’?

Cyclical nature of commercial real estate

This post deals with commercial real estate in India. For the last 2 years, one would have noticed that most real estate developers and private equity funds have focused their energies on development of residential real estate across India. Why did this happen? Why did real estate developers in last 2 years solely focus on residential real estate? Well, the answer lies in global economic slowdown. Due to global economic slowdown, companies started to lay off employees and there was freeze on investment in new projects. And all of this resulted in lack of demand for commercial office space by companies. Due to lack of demand of office space, developers ignored the commercial real estate and that has resulted in tight supply of office space.

Shall I invest in commercial properties with 12% assured returns scheme in India?

Recently in the month of May 2014, the managing director of Vigneshwara Group and two of his family members were arrested for multi crore alleged fraud. What was the fraud? Well, the group is in the business of real estate. Ohhh…real estate…yea, most of the frauds happen in this sector only. In this case, the group had received money from investors (around 700 of them) for commercial office space properties in Gurgaon and Manesar. What was the selling point of this group? This group isn't a household name like DLF, or Unitech. So, what was the selling point which brought in these many investors? Well, the selling point was ‘12% assured return on investment, till the possession of the property’. So, if an investor invested about 1 crore rupees for 1000-1200 square feet of office space, then he/she will continue to get 12 Lacs rupees per year as investment returns till the property is handed over. And the builders normally in India claim to handover the property in 3 years.

Happy Independence Day India

Happy Independence Day India! NirrtiGo wishes each and everyone good times ahead. May Real Estate sector continue to shine and flourish!



Why Dwarka is one of Delhi NCR’s sought after localities?

Dwarka is a micro market which is located in the Delhi National Capital Region. It is located in south western part of Delhi in Delhi NCR and is considered to be one of the most sought after real estate destinations in Delhi NCR. There are many factors going in Dwarka’s favor which have earned it this sought after title. The area is not very pricey, has good social and civic infrastructure and is well connected to all parts of Delhi.

Pune Real Estate Trend 2014

Gera Pune Realty Report January 2014 to June 2014 revises price increase expectations of the Pune realty market for 2014 to be in the region of 10% to 14%

  1. The half yearly price increase has been at the lowest in years at 2.2% 
  2. Pune realty market has expanded by only 22% in the calendar year June 2013 – 2014 as compared to 31.9% in the corresponding period of June 2012 - 2013
  3. The average price across the city is pegged at Rs. 4910/- per square foot 
  4. Inventory has reached an all-time high of 66,279 units which translated into 29% increase over the past year

What could be the causes of Realty Project delays?

What could be the causes of Realty Project delays? And what can real estate developers do to correct this issue?. Take any newspaper, or online forum, or discussions among stakeholders within the property circle, one would notice that project delays have become the endless talking point with no solution to it. There seems to be no dawn for this darkness which has engulfed the entire real estate spectrum. Mumbai, Pune, Chennai, Bangalore, Kochi, Hyderabad, Gurgaon, Noida, Greater Noida, Kolkata, Chandigarh, and other parts of the country continuously witness rising cases of project delays by real estate developers.

What are the various kinds of property disputes in India? What are the laws to resolve these property disputes?

Since time immemorial, property disputes of various kinds have resulted in tension and altercations among parties involved. The parties involved could be family members fighting for ancestral property, buyer and a real estate developer, illegal authorization of a property by someone who does not possess the property titles, cooperative housing society, or buyer and a lender, etc.