Maharashtra government’s decision to reduce real estate premium by half is expected to generate economic activity worth Rs 10 lakh crore in MMR, real estate industry body Credai MCHI has said. CREDAI MCHI also estimates that the premium reduction will help residential real estate new launches make a comeback in […]
Reduction in Stamp Duty, Rebate by Developers Elevates Sales Worth Rs. 34000 Crore in Mumbai in December
A stamp duty cut by the Maharashtra government, low interest rates, discounts offered by developers and the Covid-19 induced price correction saw the Mumbai registrar’s coffers swell as homebuyers made the most of the opportunity and came forward to buy property. In December 2020, properties worth Rs 34,000 crore were […]
Work From Home In The Times Of COVID-19 Pandemic Has Led To The Increased Demand For Houses In City Outskirts
COVID-19-triggered ‘work from home’ norm has increased residential demand in suburbs in Bangaluru, Chennai, Hyderabad, Delhi-NCR and Pune, according to real estate platform NoBroker.com. Areas that were not previously considered by working professionals are now experiencing greater demand, it said, citing latest data. Potential homebuyers were earlier researching best localities […]
Bengaluru Property Market Is Faring Better Than Other Cities: Anarock
Residential sales in the quarter ended September indicate that the worst could be over for the real estate sector, and the festive season could see sales further picking up, Anuj Puri, Chairman, Anarock and MR Jaishankar, CMD at Brigade Enterprises, said in a discussion on the property market trends, on […]
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% […]