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 […]
Developers Urge RERA To Extend The Registration Of Real Estate Project By A Year
The National Real Estate Development Council (NAREDCO), has demanded further 12 months extension to the real estate projects in Uttar Pradesh. UP chapter of the apex real estate body has written to the UP RERA saying that COVID19 has pushed back construction in real estate projects by about 18 months. […]
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 […]