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 […]
NCR & MMR Are A Picture Of Contrast During COVID-19
Bottomed-out prices, lower stamp duty charges, low interest rates and the growing preference to move to the peripheries amid work-from-home viability prompted as many as 65% MMR homebuyers to upgrade from 1BHKs to 2BHKs/3BHKs. In NCR, all-time-best affordability attracted more first-time homebuyers to respond to the new pandemic-driven demand for […]