An unprecedented health crisis such as the COVID-19 has disrupted businesses the world over. The commercial real estate segment in India has been no exception. The segment that had witnessed continual growth with net absorption touching 46.5 million sq ft in 2019, came to a grinding halt with the pandemic […]
Real Estate Sector Expects Budget 2021 to Levy Low GST For Critical Construction Material For Affordable Housing
Like every year, the industry looks forward to the Union Budget with the hope to receive due attention of the finance ministry to the problems being faced by the industry and proposed solution in the budget. However, much has changed since the Coronavirus pandemic hit the world in early 2020. The adverse […]
Reduction in Stamp Duty, Rebate by Developers Elevates Sales Worth Rs. 34000 Crore in Mumbai in December
A stamp duty cut by the Maharashtra government, low interest rates, discounts offered by developers and the Covid-19 induced price correction saw the Mumbai registrar’s coffers swell as homebuyers made the most of the opportunity and came forward to buy property. In December 2020, properties worth Rs 34,000 crore were […]
Real Estate in India Set To Shine In 2021
Over the years real estate in India has seen rapid progress. The government has played its part by forming policies that have made it easy and hassle-free to carry real estate business in the country. The year 2020 also started on a positive note but the global pandemic and the […]
Real State sector Rejoices as Government offers Tax Relief Till 30th June 2021!
The recent tax relief announced by the government will help builders in clearing unsold inventory of residential units. It will also boost demand from home buyers as part of the stimulus package which is aimed at recovering the economy. The move involves modifying the Income Tax Act that will allow […]