No segment is as disappointed with the fate of Mumbai real estate as apartment owners of buildings scouting for redevelopment. In the exuberant days of 2006-11, developers were jumping over each other to gain favour among residents of buildings that had potential to get redeveloped. The older the building, the […]
Expert’s Opine That Mumbai’s Grim Real Estate Might Not Get Any Relief This Year
The real estate sector in Mumbai and its surrounding areas is unlikely to recover this year, according to builders, experts and homebuyers, as the industry battles its slowdown and an economy battered by the Covid-19 pandemic. The problems are multi-fold: Construction sites wear a deserted look owing to around 60% […]
Builders In Maharashtra Will Now Offer Zero Stamp Duty To Those Purchasing Homes
Days after the Maharashtra government decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020, to boost the stagnant real estate market, NAREDCO, the national body of real estate sector, has decided to give a zero stamp duty booster to homebuyers. […]
Reducing Taxes Will Ensure The Growth Of Demand That Will Bolster Revenue: Hiranandani
The realty sector, which was languishing since the government’s demonetization drive and the rollout of the goods and services tax (GST) and Real Estate Regulatory Authority (RERA), was dealt yet another blow due to covid-19. While the sector contracted 5.3% in the June quarter compared to 6% growth in the […]