Taking a cue from the Maharashtra and Madhya Pradesh’s governments’ decision to reduce stamp duty rates on account of the COVID-19 pandemic, Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has recommended the state government to reduce stamp duty on registration of properties by 2 percent to boost demand in the […]
The Difference Between Circle Rate And Average Market Price Shrinks In Tier One Cities
The average market prices quoted by developers across major Indian cities are 6 percent to 75 percent higher than the government-prescribed circle rates, the value at which stamp duties are paid and properties are registered, said real estate consultant Anarock. The report comes in the background of heavy speculation that the […]
Manoj Gaur Opines That Demand For Real Estate Will Shoot Up After COVID-19
The Coronavirus crisis has not only altered the way we live, think, work or even socialize with others around us, but has also impacted almost every industry around the world, including real estate. However, along with its negative impact, the pandemic has opened a new era of selling real estate […]
ANAROCK’s Survey Predicts that Wellness Inspired Real Estate Will Be in Focus In The Era Of COVID 19
As evidenced by ANAROCK’s recent COVID-19 edition of its consumer sentiment survey, homebuying sentiment is on a distinct rise. The world we live in has suddenly been sharply redefined. In times of unprecedented job insecurity, rent is a burdening expense, property ownership is a vastly more attractive investment rationale than […]
Rescuing Real Estate: Corona Shock Can Only Be Tackled If The Developers Undertake Bold And Agile Action
India’s residential real estate market has been battling multiple headwinds recently. The government-backed system clean-up through RERA, GST, demonetisation and the Benami Transaction (Prohibition) Act significantly impacted the housing sector. According to Knight Frank data, sales volume dropped by 10–15%, and new launches nosedived by 25-35% between 2014 and 2019, […]
Corona Virus Lock Down: Things You Should Know If You Have Purchased A House Under Subvention Scheme
What will happen to subvention schemes in COVID times? Will developers currently strapped for liquidity be able to service their commitment? Real estate experts caution that several builders may find it tough and may even default on their interest payment commitments with sales and cashflows drying up due to the […]