A real estate developers’ body has urged the Maharashtra state government to reduce the stamp duty charges back to 2 percent in Mumbai until March 31, 2022 following a slowdown in housing sales and reduction in revenue collections for the government. CREDAI-MCHI believes that the downward trend is set to […]
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 […]
Financial Strain Experienced By Real Estate Developers In The Times Of COVID-19
The real estate sector was caught in a conundrum last year with flattening demand, a challenging funding environment, and increasing compliance-based costs. The onset of the pandemic exposed the fragile financial health and business models of real estate developers in India. The financial health of developers in the preceding 12 […]
Extend Stamp Duty Benefits” Real Estate Developers Of Maharashtra Plead The Government
Real estate developers have urged the government of Maharashtra to extend the prevailing stamp duty rebate that expires on March 31, 2021 by a year, saying that the move had improved homebuyer sentiment and increased property registrations. In a letter presented to Balasaheb Thorat, Revenue Minister, Maharashtra Government, CREDAI MCHI, […]