The coronavirus pandemic that hit the real estate sector hard has been harder on the affordable housing segment, with its share of supply dropping to 20 percent in the top seven cities in the second quarter of 2021, realty consultancy firm Anarock has said. Of 36,260 units launched in these […]
Flats, Villas Of Real Estate Developers Attached By Noida Administration To Recover Dues Worth Rs. 344 Crore
The Gautam Buddh Nagar administration on June 30 attached flats, villas and land plots worth Rs 344.23 crore of real estate developers following non-payment of dues by 32 realtors, an official order, a copy of which is with Moneycontrol, said. The properties would be e-auctioned soon to recover the amount […]
COVID-19 Impact: Indian Investors Invested 6 Billion Dirhams Into Dubai’s Real Estate Market
During the two waves of COVID-19, wealthy Indians picked up second homes in Dubai, lured largely by its tax-friendly laws and the availability of immediate residency status through real estate investments, not to mention an international lifestyle and the distance from Indian shores. Bollywood actor Sanjay Dutt received his Golden […]
Transfer Fee On Real Estate Transactions Reduced By Greater Noida Authority
Greater Noida authority has reduced the transfer charges it levy on the resale of property, giving relief to thousand of homebuyers. The authority in its board meeting has decided to reduce the transfer charge from 10% to 5% on industrial, institutional and commercial category. The allottees in Greater Noida have […]
Report Suggests That Model Tenancy Act 2021 Would Create Effective Rental Marketplace In The Country
The Model Tenancy Act has far-reaching implications for both the residential and commercial real estate asset classes, and will help create a three-tiered regulatory ecosystem for stakeholders, according to a report by Knight Frank and Khaitan & Co. From a residential standpoint, the research report – titled ‘2021: A New […]
Does Delhi Draft Master Plan Take Into Account Exigencies Like COVID-19
Master Plan for Delhi (MPD)-2041, the fourth such initiative for the national capital, provides a strategic framework for the city’s growth with a 20-year horizon. Delhi’s population is estimated to reach 29.1 million by 2041— from the current 20.6 million—assuming a medium growth scenario. Being the focal point of the […]