Over the last 2 decades, and more especially over the last 10 years, NOIDA has witnessed transformation from being a satellite town of Delhi to a self-sustaining city with sound social and physical infrastructure. The growth has been primarily driven by increased activity in IT/ITeS and industrial developments within the […]
RBI’s Initiative To Allow Loan Recast At Project Level Will Be The Much Needed Breather For Stalled Project: Developers
The RBI has recently allowed banks to restructure loans to realty companies on the basis of the project and not the developer. This move, according to industry experts, will not only benefit developers but homebuyers as well, and also act as a breather for stuck projects. Commenting on the same, Mani Rangarajan, […]
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 […]