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, […]
BJP Pitches For Seamless Real Estate Development In West Bengal
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) […]
222 mn sq ft unsold stock Paints A Very Gloomy Picture For NCR Residential Real Estate Market
The outlook for NCR residential realty market remains negative as high inventory overhang and low absorption levels continue to pose challenges. The region has high unsold stock, amounting to around 222 mn sq ft across 1.7 lakh units, but annual absorption is low at under 15%, implying an inventory overhang […]
5 Leading Home Automation Companies in India
As homeowners wake up to the need of having a house that’s technologically sound too, the trend of home automation has gained strength in India. This has led to the coming up of numerous home automation companies whose products are tailor-made to suit the requirement of Indian homes. Be it […]
How Will Haryana Government’s Move To Levy 2% Additional Duty On Property Transfer Will Affect Realty Market
The Haryana government has planned imposition of an additional two per cent duty on transfer of immovable properties located within the Municipal Corporations limits across Haryana. The proposed duty will be applicable on transfer of properties in the secondary market and the two per cent duty shall be imposed in […]
Factors Responsible For Increased NRI Investments In Real Estate In The Times OF COVID-19 Pandemic
NRI investment is a common aspect of the Indian economy. This trend has been witnessed in the real estate sector too. Non-resident Indians usually purchase a property in the country with the primary motive to either invest or use it for rental purposes. However, with the virus outbreak and resultant […]