The so-called sample flat has come of age as the coronavirus pandemic, which forced people to spend most of the last year indoors, changes the way people shop for homes, Before the virus struck, homebuyers would book an under-construction unit after viewing a sample flat, done up nicely by interior […]
Slashed Real Estate Premiums Will Generate Economic Activity To The Tune Of Rs. 10 Lakh Crore In MMR: CREDAI MCHI
Maharashtra government’s decision to reduce real estate premium by half is expected to generate economic activity worth Rs 10 lakh crore in MMR, real estate industry body Credai MCHI has said. CREDAI MCHI also estimates that the premium reduction will help residential real estate new launches make a comeback in […]
Reduction in Stamp Duty, Rebate by Developers Elevates Sales Worth Rs. 34000 Crore in Mumbai in December
A stamp duty cut by the Maharashtra government, low interest rates, discounts offered by developers and the Covid-19 induced price correction saw the Mumbai registrar’s coffers swell as homebuyers made the most of the opportunity and came forward to buy property. In December 2020, properties worth Rs 34,000 crore were […]
Real Estate Becomes More Affordable But High Inventory Overhang Will Last Long
Property consultancy Knight Frank’s latest proprietary Affordability Index, which tracks the EMI to income ratio for an average household, has shown improvement in housing affordability over the last decade. EMI is short for equated monthly installment. A decline in house prices coupled with low home loan interest rates have helped improve […]