The government of Maharashtra has reduced the stamp duty on property registrations to 2% for transactions between September 1 and December 31 from current 5%. The stamp duty will be 3% for agreements to be registered between January 1 and March-end. The move, apart from supporting the state exchequer, is […]
Thane Viz – A- Viz Navi Mumbai: The Next Big Tussle In Real Estate
The moment a real estate developer uses words like ‘saleable area’, ‘built-up area’ or ‘super built-up area’, my mind now automatically switches off. Irrespective of the brand or offering–I lose complete trust on the developer. My principle is simple: If one can’t follow the terminology (carpet area) that is legally […]
COVID-19 Pandemic Revives unanticipated Interest For Senior Living Category
The Covid-19 pandemic and subsequent lockdown has provided an unexpected boost for realty companies in the senior living segment. This has emerged a growth segment in an otherwise depressed residential segment. India will be home to 17.3 crore senior citizens by 2026 and realty developers are looking at senior living […]
Government Waives Green Signal To 10,000 Crore Investment For 101 Stressed Realty Projects
The government-sponsored and the SBICAP Ventures managed last-mile fund for stressed real estate projects has cleared investments worth over Rs 10,000 crore for 101 proposals approved that will benefit around 71,000 homebuyers across various cities. The fund, Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH […]
Real Estate Suffers As Work Has Resumed In Only 40 Per Cent Of The Construction Sites
Real estate sector in the Mumbai Metropolitan Region (MMR) continues to totter as work has started in hardly 40% of the construction sites. Acute labour shortage and monetary crises are cited as the reasons for the same. According to real estate firm Liases Foras, work has started in around 4,200 of the […]
Maharashtra Government Intends To Reduce Stamp Duty And Registration To Support Real Estate Sector
The Maharashtra government has decided to slash stamp duty and registration charges to boost the ailing property sector. State revenue minister Balasaheb Thorat has said that the developers body and various stake holders had approached him demanding reducing the stamp duty and registration charges. He said that presently the Maharashtra […]