The residential realty sector has recorded one of its best quarters in Q4 FY2021, with sales across the top eight cities nearing 85 million square feet (msf), reflecting amongst the highest level of sales over the last 20 quarters. This comes after the sector witnessed one of the worst demand […]
Noida Takes The Lead In Office Space Uptake In Delhi/NCR Overtaking Gurgaon
Noida has been consistently topping the charts as Delhi NCR’s best performing market in terms of net office space absorption for four consecutive quarters. However, it still has a lot to cover compared to competitor Gurgaon, which accounts for a major share of offices occupied by large MNCs and KPOs, […]
‘Slash Stamp Duty To Power Sales’ Credai-MCHI To Maharashtra Government
A real estate developers’ body has urged the Maharashtra state government to reduce the stamp duty charges back to 2 percent in Mumbai until March 31, 2022 following a slowdown in housing sales and reduction in revenue collections for the government. CREDAI-MCHI believes that the downward trend is set to […]
COVID-19 Shrinks Real Estate In India In FY2021: India GDP Data
The construction and financial, and real estate and professional services sectors have shown a negative growth of 8.6 percent and 1.5 percent respectively between April 2020 and March 2021 due the impact of COVID-19, official data released by the National Statistical Office (NSO) showed on May 31. However, in Q3 and Q4 construction […]
Govt To Mull Over Builders’ Demands To Power Real Estate In The Times of COVID-19 Pandemic: Housing Secy
Housing and Urban Affairs Secretary Durga Shanker Mishra on Friday said the government will look into various demand of the real estate industry, including an extension of timeline for completion of projects by 6-9 months. He highlighted various initiatives taken by the government in the past seven years such as […]
Steps To Make Affordable Housing Projects Successful
Creating affordability in the residential segment has been a well-intentioned conundrum that Indian developers have been unravelling over the past decade. With tenets of real estate development challenged, hard-earned perspectives have been displaced, and precious learnings from failures have galvanized many success stories in this rather highly demanding segment. Like […]