Category: Property News

There was a 81 percent year-on-year increase in the number of loans sanctioned to real estate developers during the December quarter of 2020, and an almost 180 percent growth in the sanctioned loan amount at Rs 37,921 crore, showed data shared by Propstack. With housing sales picking up on the […]

There was never a better time to buy a house than today. According to data from multiple sources, property affordability is the highest ever if you consider real estate prices, falling home loan interest rates and incomes. Home loans from top banks are at rock bottom. Kotak Mahindra Bank has the lowest rate […]

Approval of a 700-acre Electronic City project near the upcoming Noida International Airport by the Uttar Pradesh cabinet will further boost the real estate demand in Noida, according to developers. The Yamuna Expressway Industrial Development Authority (YEIDA) will acquire land for the project and allot it to the companies. “This […]

Following in the footsteps of its neighbour Maharashtra, the Karnataka government has proposed a 2 percent stamp duty reduction for homes valued between Rs 35 lakh to Rs 45 lakh, the state government said in its Budget announcement. Karnataka Chief Minister BS Yediyurappa proposed a 2 percent cut in stamp […]

For as many as 62% Indian women, real estate is the preferred asset class for investment. Also at least 82% women buy a home for end-use. Besides, women’s preference for real estate has risen post-COVID-19 – from 57% votes in the pre-COVID survey to 62% in the current edition, says a consumer sentiment survey released […]

With the real estate sector witnessing increased transactions and positive consumers’ demand after the COVID-19 pandemic-induced lockdown, the National Real Estate Development Council (NAREDCO) has said the worst is over for the sector, but more financial support is required to bring it back on the growth trajectory. It also said […]