India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders. “Property prices may come down by 10-20% across geographies, while land prices could see an even […]
Corona Virus Lock Down Effect: Q4 2020 May See Commercial Real Estate Deals Make A Comeback
The coronavirus pandemic and the subsequent lockdown have put several commercials deals across the country on hold and the trend is likely to continue, depending on how much time the country takes to tackle COVID 19. However, the market may stabilise in the fourth quarter of 2020, say real estate experts. […]
PMC Officials Opine That Stamp Duty Relief Will Give A Thrust To The Real Estate
The Pune Municipal Corporation (PMC) officials feel that the 1% reduction in stamp duty for property registration offered by the state government will boost the real estate market with buyers coming forward to avail of the benefit. The stamp duty concession will be offered for all sale and transfer of […]
Housing Sales Between January And March Slide To 42% Year – On – Year Till Now Due To Corona Effect
The novel coronavirus (Covid-19) outbreak has further aggravated the stress in the beleaguered real estate sector, with apartment sales declining 42% year-on-year and 24% on a quarterly basis so far in the January-March 2020 quarter. Sales are largely concentrated in big cities like Delhi, Mumbai, Bengaluru and Pune. According to […]
Realtors Opt For Digital Channels For Launches
Realty developers are now marketing their new launches using digital channels even as the outbreak of Covid-19 and the expected lower number of homebuyer visits at their sales offices offer no respite. Some large developers like Godrej Properties, Total Environment Building Systems and Prestige Group have launched digital site tours, email document confirmations and verifications […]