The Supreme Court on May 4 struck down the West Bengal Housing Industry Regulation Act, 2017 (WBHIRA) as ‘unconstitutional’, saying it is in conflict with the Real Estate (Regulation and Development) Act, 2016 (RERA), a Central legislation already in place. The apex court said that the state of West Bengal […]
Second Wave Puts A Lid On Home Sales, Project Launches
The recovery in home sales and project launches has sharply slowed down due to the second covid wave, as homebuyers stayed away from site visits and postponed transaction closures. In states such as Maharashtra, which has India’s most valuable property market, the Mumbai Metropolitan Region (MMR), the withdrawal of the […]
Second Wave Of COVID-19 Has Put Serious Questions On The Recovery Of Mumbai Real Estate
Almost exactly a year ago at the peak of the COVID-19 crisis, there was outright panic in the Mumbai real estate market. An existential crisis for humanity was being debated. Work from home had triggered the possibility that city-life was becoming redundant and with that the demand for housing. The […]
Realtors Pin Their Hope On Festive Season As Top Cities Warm To Housing Sales
Enthused by the rising housing sales in recent months amid Coronavirus scare, developers seem to be quite upbeat on this festive season. Various recent reports published by property consultants already point to the green shoots of revival in residential real estate. According to a recent report by ANAROCK Property Consultants, […]