The slowdown in demand, which got accentuated with the pandemic, has hit the real estate sector hard because of which residential properties have seen a decline in prices of up to 15% in the national capital region. While the Delhi market, which is largely a resale market as there are […]
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% […]
Builders In Maharashtra Will Now Offer Zero Stamp Duty To Those Purchasing Homes
Days after the Maharashtra government decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020, to boost the stagnant real estate market, NAREDCO, the national body of real estate sector, has decided to give a zero stamp duty booster to homebuyers. […]
Reducing Taxes Will Ensure The Growth Of Demand That Will Bolster Revenue: Hiranandani
The realty sector, which was languishing since the government’s demonetization drive and the rollout of the goods and services tax (GST) and Real Estate Regulatory Authority (RERA), was dealt yet another blow due to covid-19. While the sector contracted 5.3% in the June quarter compared to 6% growth in the […]
Maharashtra Reduced Stamp Duty For Deals Till March. The Move Expected To Bolster Realty Demand
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 […]