Monetising Heritage Properties of India

A couple of weeks after the great Russian artist Nicholas Roerich passed away in Himachal Pradesh, an exhibition of his works was held in Delhi. It was late December 1947 and India was independent. Prime Minister Pandit Jawaharlal Nehru came for the inauguration. “I hope that when we are a little freer from the cares of the moment, we shall pay very special attention to the ancient cultural monuments … Continue reading Monetising Heritage Properties of India

How Property Managers can take advantage of Social Media

Social media is now an integral component of the marketing strategy for businesses across many industries. It’s the perfect venue for brands to show their human side and interact with users intimately and in real time. Transparency and authenticity expressed via social media aren’t just nice-to-haves, either; they can drive the ROI you make in your social media presence. A recent study showed that “63 percent of … Continue reading How Property Managers can take advantage of Social Media

How to calculate Property Tax

How do you calculate property tax The owner of a property is liable to pay the tax levied by the local body (for example, the municipality) and such a tax is called the property tax. This tax may vary from one location to another and there are various other factors that determine the amount of property tax payable, such as: Location of the property. Size … Continue reading How to calculate Property Tax

Property Price Trends Forecast in Metro Cities in 2017

Realty prices in the country, have been impacted by various factors over the past year, such as the GST, RERA, demonetisation and the support to affordable housing. Experts point out that property prices were largely stable before November 2016 and subsequently, there has been a correction of 2-5% in the secondary market. While developers have resisted price cuts, they continue to offer attractive payment plans. … Continue reading Property Price Trends Forecast in Metro Cities in 2017

How Indian Millennials today view the Residential Real Estate Space

BY – PROPCORNER’S EDITORIAL TEAM By now, it has become quite clear that as a generation, Millennials have a very different take on homeownership than their parents and grandparents did. This trend has been studied extensively in the West, but it has made itself quite obvious in India too. How do Millennials view home purchase differently in general, and in India in particular? Different Strokes In the … Continue reading How Indian Millennials today view the Residential Real Estate Space

Why Property Deals fail at the last minute?

You may have found the ideal buyer but don’t rejoice just yet. Property experts point out that one out of four property deals tend to fall through at the last minute. When “X” put his home on the market, he found an interested buyer almost instantly. However, the buyer backed out of the deal just days before it was to close, citing personal reasons. While … Continue reading Why Property Deals fail at the last minute?

Startup of the Week: WudStay

WudStay is an aggregator and standardiser of accommodations, however, the work often boils down to teaching hospitality to the hotels. “It is important to realise that the hotels and hostels we aggregate are small businesses and cannot afford to hire graduates from good institutions. They do not understand hospitality, especially the nuances of it,” says Mathur, founder of WudStay. The startup has a designated team of five … Continue reading Startup of the Week: WudStay

2017: The Year when Oyo Expands

Budget hotel brand OYO, backed by SoftBank, plans to double its inventory of 70,000 rooms to 1.5 lakh by the end of next year to cater to growing business and leisure travel in the country. It will add between 10,000 and 20,000 rooms by the end of 2017. OYO trimmed its losses to Rs 325 crore in the 2016-17 from Rs 496 crore in the previous year, … Continue reading 2017: The Year when Oyo Expands

Brigade Enterprises’ Net Profit jumps by 32%

Bangalore-based realty developer Brigade Enterprises has reported 32% on-year rise in consolidated net profit at Rs 29 crore for the quarter ended June. Revenue for the quarter grew 21% to Rs 565 crore, the developer said in a release. The company sold 310,000 sq ft with a total value of Rs 183 crore during the first quarter with the average price realization was Rs 5,863 per sq … Continue reading Brigade Enterprises’ Net Profit jumps by 32%

Financing a Home Purchase in India through Provident Fund

For purchase of a house or plot or for construction of a house Under the Provident Fund scheme, an employee can withdraw money from his provident fund, after completion of contribution of five years, for the purchase of plot and/or construction or purchase of a house. The loan can also be taken, for the construction of a house on the plot of land owned by you or … Continue reading Financing a Home Purchase in India through Provident Fund