Youth today prefer to buy a home rather than opt for rented accommodation. The outbreak of the COVID-19 pandemic can be termed as a major reason behind this shift in preference. Unlike earlier times when millennials mostly rooted for rented accommodation because they were against the very idea of spending […]
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, […]
The Bangalore-based developer, Puravankara Limited, launched its first project in Mumbai a few weeks ago. Prestige Estates, another Bangalore focused developer, will be launching a project in the next few weeks in the commercial capital. The Kolkata-based Siddha Group is already doing two projects in the city. Salarpuria Sattva has […]
In 2015, when Sotheby’s International Wealth Report guesstimated that, in the coming five years, India’s High Net-worth Individuals (HNIs) and the ultra-rich would pump in about one billion pounds annually in the UK real estate, it was received with scepticism. But remittance under the Liberalized Remittance Scheme (LRS) rose exponentially, […]
With less than 24 hours left for the moratorium on new insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) set to expire, real estate experts believe that established developers may get an opportunity to pick up distressed realty projects following a spurt in National Company Law Tribunal (NCLT) filings, […]
The Bharatiya Janata Party (BJP), in its manifesto unveiled on March 21, has promised that it will implement the Real Estate (Regulation and Development) Act to allow “seamless real estate development” and create a “standardized and transparent framework” for the buyers. “We will implement the Real Estate (Regulation and Development) […]
