While overall market sentiment for purchasing residential property remains weak, there is enough interest for new launches from organised developers with a strong execution track record, finds an ICICI Securities’ report
Pre-RERA, funding through the Purchaser Under Construction (PUC) route ensured developers could undertake large projects with lesser equity. Now a new mechanism will have to be evolved to infuse the much-needed liquidity into the sector
Offers range from waivers on GST and stamp duty to the usual discounts on basic selling price, free coins, modular kitchens, electronic appliances to even free cars and virtual cash
"We have been directed by the court to come up with a comprehensive resolution plan and it is in the works," sources told Moneycontrol.
Hyderabad tops the chart in net absorption and new completions of office space, registering a 36 percent and 44 percent market share respectively.
New launches fell 34 percent quarter-on-quarter and 13 percent YoY to 45,230 units in Q3
Noida-based Bhutani Infra intends delivering close to 15 million sq ft of commercial space worth Rs 4,500 crore by 2023
A buyer should make sure that the title of the seller is clear and should be free from encumbrances. Ideally, all documents related to the property for a period of 30 years should be examined
The initiative by a Bengaluru-based real estate developer is open to buyers booking properties between September 27 to 29.
NCR, which is one of the worst-hit residential markets in recent years, has seen the least decline of merely 6 per cent during this period, Anarock Research said in a report.
As many as 16,100 new units have been launched in the luxury segment priced above Rs 1.5 crore across the top 7 cities
For people who owned homes in Mumbai, it made more sense to sell their property and move to a more spacious home in Thane.
Transmission of rate cuts to home buyers seen as crucial; more steps needed to enhance liquidity for better-placed NBFCs and HFCs
Real estate experts say while people would still be cautious about investing in these areas, once the political situation stabilises, the impact would first be felt on hospitality and tourism segments followed by retail, entertainment, healthcare and education.
Conflicts between tenants and landlords are well known. The draft new Act is a long overdue attempt to set the house in order
While it still needs to be seen how the Act impacts the co-living and student housing space, the parity in the rent deposit structure may bring co-living and traditional leases in line with each other
Mumbai had the highest number of vacant homes with nearly 4.8 lakh units, followed by Delhi and Bengaluru with nearly 3 lakh homes each, says a report
Despite high demand for budget homes in the major cities, builders find it challenging to build housing in the incentivised Rs 45 lakh budget range. For a city like MMR, a budget of Rs 45 lakh is far too low, the report said.
The confusion earlier was whether TDS was to be deducted on the basic selling price of the property or whether it was to be paid on the total amount inclusive of miscellaneous charges such as parking, maintenance. This has now be clarified in the Budget
The builder should also pay the compensation and litigation cost to the homebuyers who had sought refund of the amount, rules the apex commission
Proposed changes in area norms to address the issue of affordability and bring in much-needed liquidity into the real estate market.
On June 23, hundreds of Jaypee homebuyers held protest at Jantar Mantar here and are planning to submit a petition to Finance Minister Nirmala Sitharaman in this regard
If inheritance tax is in any way reintroduced, it would require careful deliberation from the government with regards to its structure. To function effectively, a strong digital database system is a necessity for tracking real asset transactions and holdings
Service providers must focus on quality and rationalise rates to gain traction, a survey by PropTiger found
NCR saw its maximum housing sales in the mid-segment category, with overall unsold stock in this category reducing by 20 percent.