Key Highlights New Delhi: The real estate sector which was already in a bad shape due to weak demand and a huge pile of inventory even before the Covid outbreak, will find it difficult to recover after the pandemic as widespread job losses and pay cuts have impacted consumer sentiment. In markets like Delhi NCR, […]
New Delhi: Real estate trumps gold, fixed deposit and stocks when Indians think about investing their money. The current economic scenario has not deterred real estate investors who remain confident of their income stability in the next six months, finds a survey. Homebuyers are likely to slowly return to the market in the coming six […]
New Delhi: Real estate is a long term investment that one makes in his/her lifetime. And, it is easy for an investor with no prior real estate experience to get carried away, but keep in mind this investment comes with certain risks and you can also get into real estate investments that offer no returns. […]
New Delhi: In an earnest attempt to help revive an economically crucial sector in these Covid-19 unprecedented times, the government is reportedly planning to relax the foreign direct investment (FDI) rules for the realty sector and give the green signal for 100% overseas investment in completed projects. The move, if implemented, will allow real estate […]
NEW DELHI: Mindspace Business Parks REIT, owned by K Raheja group and Blackstone, has raised Rs 1,518.74 crore from anchor investors ahead of its public issue that will hit the capital market on July 27. Mindspace has proposed to raise up to Rs 4,500 crore from the public issue, which will close on July 29. […]
The suspension of construction activities across the country from mid-March is likely to delay completion of under-construction housing projects and may constrain new demand, the RBI’s Financial Stability Report (FSR) said. With the COVID-19 outbreak, demand and liquidity constraints intensified in the housing sector, it added. “With the suspension of construction activities across the country […]
NEW DELHI: Buying and registering property will soon be a hassle-free experience, all thanks to the “ease of doing business” initiative of Delhi government. Plans are afoot to launch an integrated web portal where users would be able to view, request and apply for property registration. The single-window portal would also integrate online applications of […]
CHANDIGARH: Haryana has temporarily stopped the registration of land transfer deeds in the state to weed out various malpractices in the government’s key revenue generation process. The registration of transfer deeds of various categories of land has been stopped for varying periods between July 22 and August 15, an official release said on Wednesday. The […]
NEW DELHI: To achieve the objective of “Housing for all by the year 2022”, Prime Minister Narendra Modi launched the restructured rural housing scheme, namely Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) on November 20, 2016, with the target of construction of 2.95 crore houses with all basic amenities by 2022. According to a statement released by […]
NEW DELHI: Buying and registering property will soon be a hassle-free experience, all thanks to the “ease of doing business” initiative of Delhi government. Plans are afoot to launch an integrated web portal where users would be able to view, request and apply for property registration. The single-window portal would also integrate online applications of […]
GURUGRAM: If you own a house in Gurugram, don’t be surprised if your RWA calls up to inquire if you’ve paid your property tax. The pandemic has seen RWAs being increasingly vested with powers beyond their scope, and here’s the latest — the Municipal Corporation of Gurugram (MCG), whose revenue generation has taken a severe […]
The Gurugram Metropolitan Development Authority (GMDA) has decided to treat the lockdown period as a ‘zero period’ for the processing of all change of land use (CLU)-related formalities. As such, developers of projects, who were unable to submit letters of intent (LOI), building plans for approval, or applications seeking occupancy certificates (OC) for their projects […]
