As the festival season begins this weekend in the midst of the COVID-19 pandemic, homebuyers can look forward to a wide range of freebies such as stamp duty and GST waivers and schemes that include the property swap option. Developers can hope to see sales recover after a lull of […]
Housing Secretary Has Urged Other States To Consider Slashing Stamp Duty Like Maharashtra To Powe Real Estate Sales
Noting that property registrations in Maharashtra have witnessed a marked improvement and returned to pre-COVID-19 levels, Durga Shanker Mishra, secretary of the Ministry of Housing and Urban Affairs (MoHUA), on October 14 said other states too must consider reducing stamp duty on property registration to boost sales. “We have written […]
“Real Estate Shouldn’t Expect Any Special Aid” Shardul Shroff
The Supreme Court has told the government to implement the interest-on-interest waiver scheme for small borrowers. So what does this mean for banks and the real estate sector. Interest-on-interest here means that borrowers will have to pay additional interest if they had availed the moratorium offered by banks between March […]
Residential Real Estate Sales Show 85% QoQ Rise In Q3 2020: Report
Despite the continuing COVID-19 pandemic, residential home sales aggregated to 35,132 units during the third quarter of 2020, an increase of 85 percent over the previous quarter. The growth can potentially be attributed to pent-up demand due to the prolonged lockdown across the country, a report by real estate brokerage firm PropTiger.com […]
Here is what you must know about the proposed film city along Yamuna Expressway in Noida
Uttar Pradesh government’s recent announcement about the construction of a Film City on a 100-acre plot along the Yamuna Expressway has sent ripples in the real estate industry. The experts have gone into overdrive trying to ascertain how it would boost the real estate industry in the area. Proposed Film […]
Bengaluru Property Market Is Faring Better Than Other Cities: Anarock
Residential sales in the quarter ended September indicate that the worst could be over for the real estate sector, and the festive season could see sales further picking up, Anuj Puri, Chairman, Anarock and MR Jaishankar, CMD at Brigade Enterprises, said in a discussion on the property market trends, on […]