Mumbai, Chennai, Kolkata airports are the most horrible airports in 2013

Chennai, Kolkata and Mumbai airports have apparently been named among the world's most horrible airports in 2013, along with Islamabad airport, according to an online review.

Kolkata's Netaji Subhas Chandra Bose International Airport has come third on the listing of the world's worst airports as compiled by the survey by an online travel company, ahead of Islamabad's Benazir Bhutto International Airport, which is in the fourth place.

Chennai International Airport has been awarded the sixth place, while Mumbai's Chhatrapati Shivaji International Airport has come eighth on the list.

According to the Express Tribune, the Philippines' main Manila airport terminal was declared by the survey as the world's worst airport for the second year in a row.

The report further said that Italy's Bergamo airport, Paris Beauvais airport, Frankfurt Hahn airport, Rome Fiumicino airport and Los Angeles airport have been awarded the second, fifth, seventh, ninth and tenth places correspondingly.

The website asked travelers to rate their experiences across four factors i.e. comfort, conveniences, cleanliness and customer service, the report added.

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Listing of realty investments trusts to get better liquidity industry body

Listing of realty asset trusts to get better liquidity: industry body

Market regulator Securities and replace Board of India's (Sebi) proposal to permit listing of real estate investment trusts (REITs) is a affirmative step and will help get better liquidity position of developers, industry body Credai has said.

It also whispered that it would soon submit suggestion on Sebi's draft guidelines on REITs released on Thursday.

Stimulating a five-year old proposal, Sebi issued draft norms for REITs, a well-liked investment vehicle in many parts of the world. It is similar to common funds except that investments would be on real estate assets that produce rental income.

In a declaration released late on Friday, Credai chairman Lalit Kumar Jain welcomed the "much awaited move" on allowing REITs in India.

"REIT will definitely be a optimistic step for the sector since liquidity position of developers could increase," he said.

REITs will also result in increased inflow of foreign funds for the sector, which is "struggling" for funds in view of the RBI restrictions and negative weightage given to real estate, he added.

Mr Jain, however, called for some clearness on taxation issues around the instrument from the finance ministry.

"Credai will soon submit developers' viewpoint to Sebi," he said. Sebi has asked stakeholders to give their comments on the draft guidelines by end of this month.

Looking to draw more real estate investors into the capital market, Sebi has proposed listing of REITs saying the evolution of such investment vehicles is "crucial" for the quickly growing real estate industry.

REITs would be allowed to list on stock exchanges through early public offer (IPO) and can raise funds further through Follow-On Offer.

Sebi's decision to revitalize the proposal to allow REITs after five years gives a strong signal that the regulator is going to ope-rationalize the REITs market in India on high priority basis, said Samantak Das, chief economist and director of research of property consultant Knight Frank India.

"This is a very positive move which will improve the depth of the country's real estate market and will give financing and exit options to developers on one hand and avenues for investors on the other," he said.

"The timing of this move is also very significant keeping in mind the prevailing paucity of funds coupled with the ongoing slowdown in the economic growth."

REITs, once implemented, would revive substantial investor interest from domestic and global investors in India's currently subdued real estate markets, said Sanjay Dutt, executive managing director of South Asia at Cushman & Wakefield.

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Are your Searching How to take home loan

Are your Searching How to take home loan? Check the list below

Home loans will not only help you comprehend your dreams of buying a new house you have always wanted but as well help save tax. But at-times, the process of applying and receiving a home loan can be difficult and frustrating. To stay away from hassles and save price, you have to choose the exact home loan.
 

Examine well:

Nowadays loans are made smart for the buyers with less interest rates and extra schemes. Therefore it is improved to educate yourself about the terms and conditions of each loan agreement so that you are prepared earlier. Make clear all your doubts regarding the loan scheme before you decide anything and don't hesitate to ask questions to the sales person even if you have the smallest difficulty understanding a particular clause.
 

Obtain a look at the EMI: 

Estimate the EMI (equated monthly installments) that you will be able to pay for beforehand. Remember that you know your money more than anybody else, so keeping in mind your present job and income you can make an estimated calculation about the amount of EMI you can pay. Don't make quick decisions on this one, because paying penalties due to non-payment of EMI on time can establish to be more troublesome. If you have a temporary job, there are extra things to take into consideration so make a wise choice taking care of all the parameters.
 

Discuss on the interest rate:

Even though banks and financial institutions vow that interest rates are non-negotiable, they could still make a small amount of adjustments, if you list a few open issues with the high rates. This can be done only if you have finalized the property you want to acquire and you need it as soon as possible. Also, if it is the end of the month, it could establish to be beneficial for you. Sales persons have a collective number of sales that they need to inclusive every month; so in order to complete their target; they are bound to give you assured benefits.

Loan eligibility:

Carry documents which take in information like your credit history when you are relevant for a home loan. You be supposed to have paid all your credit card bills and car loans on time in order to move a step higher on the eligibility list while applying for a loan. If you have a clean record in your credit history for payments done on time, then you can use it as an advantage when applying for your home loan. Also, try to focus on the possession of your loan. If you opt for a long tenure loan then you will be paying more overall as the interest paid would be very high.

Extra charges to be set aside in mind:

While you are applying for a home loan, you need to be learned about the various other charges that the lenders add to the present schemes. They will put in administrative and service charges or processing fees. These additional fees fall under the amount that is endorsed in your name and not under the amount that you take home. So before you confirm any deal, you should make note of such additional charges that the lenders put in the scheme.

Understand the fine print of the agreement carefully:

Even if the home loan agreement with your bank is a bulky document, make sure you read it systematically. Sometimes, lenders may verbally agree to assured points but in the end whatever is present on the paper will only be taken into consideration. So it is best if you might just spend some extra time reading the document carefully rather than getting stuck in complications later on. Never sign on a blank loan paper even if the sales person asks you to do so. Ask questions if you have any uncertainties, because it is very significant to be aware of every term and condition mentioned in the loan.

 Never leave a doubt:

Applying for a home loan seems actually easy but it comes with its own set of complications. Keeping these few key points in mind would be an excellent way to start with it. Apart from that, never leave a doubt in your head because it may cause troubles later. For your satisfaction clear out everything beforehand and your dream home will be yours in a hassle free manner.

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Indian Real Estate Properties Gallery

Indian Real Estate Properties Gallery

Find the best property home to buy or to sell house in India 

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Curbs on realty foreign direct investment under 50 percentage may continue

Curbs on realty foreign direct investment under 50 percentage may continue

 

The government may decline the urban development ministry's proposal to scrap all restrictions on foreign straight investment below 50% in real estate on the grounds that there can be no exemptions on rules such as lowest area norms.

The suggestion was incorporated in recommendations drawn up by the Department of Industrial Policy and Promotion, part of the Ministry of Commerce and Industry, in order to give confidence for overseas investment in real estate, which has been hit by a weak economy and elevated interest rates.

The ministry had also recommended that minimum carpet area be used in place of the current measure of built-up area. "Foreign investment up to 49% should be free from condition to draw foreign capital providers, which do not have long-term interest in construction assets," the urban development ministry had said in July.

"This will also allow real estate players to raise foreign capital at competitive rates and decrease dependency on the already strained domestic financial institutions."

The recommendations are expected to be considered by the Cabinet soon, said an official. Apart from suggesting a cut in the minimum land area necessary for developing housing plots to 5 hectares from 10 hectares, the proposals said the requirement for apartment complexes should be lowered to a minimum total carpet area of 20,000 sq metres from 50,000 sq metres of built-up area.

The note had also proposed a least capitalization of $5 million, down from $10 million for wholly-owned projects and said the whole amount will have to be brought in within six months of commencement of the project. "The minimum capitalization requirement is proposed to be reduced to $5 million and made uniform for wholly-owned subsidiaries as well as JVs," the note said.