The Maharashtra government has decided to slash stamp duty and registration charges to boost the ailing property sector. State revenue minister Balasaheb Thorat has said that the developers body and various stake holders had approached him demanding reducing the stamp duty and registration charges. He said that presently the Maharashtra […]
Rising Investment Trends In Real Estate With Change In Urban Life Style
Between 2010 and 2015 there was a wave of second homes in and around Mumbai. Places like Lonavala, Alibaug, Shapur, Boisar etc. suddenly emerged as hot destinations. Many leading developers, including Tata Housing, Mahindra Life spaces, Lodha Developers, Hiranandani group etc., ventured into these new hotspots with a range of housing products. At […]
Migrant Workers Return To Work In Noida
Around 150 migrant workers, who had left for home in the wake of the coronavirus lockdown, returned to construction work in Noida Saturday, a realtors’ body said. The workers had gone to their homes in Deoria district in eastern Uttar Pradesh and their return would help developers complete the projects […]
Maharashtra Real Estate Regulator Debars Developers From Adding Extra Floor Without The Buyers Consent
In a major judgment, the Maharashtra Real Estate Regulatory Authority (MahaRera) disallowed a builder last week from carrying out the construction of an additional floor for his project at New Panvel without the consent of the buyers who already bought flats in the building. The ruling is significant, as builders […]
Housing Enquiries Touch 50% Of Pre – COVID-19 Levels In Tier 1 Cities, Bengaluru Leads The Way
India’s residential real estate segment is witnessing a decisive return of serious enquiries, which are now at 50% of pre-COVID-19 levels in the top cities l, said a recent Anarock research. The Recovery is fastest in Bengaluru, where current enquiries have reached 70% of the January-February period, followed by Gurugram […]