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Ready apartments likely to see more traction in Maharashtra post stamp duty cut
Publish on : 2020-08-29 11:31:34
MUMBAI: The reduction in stamp duty charges in Maharashtra for a limited period until March end is expected to push sale of ready-to-move-in apartments in key markets of the state as that would also offer the benefit of exemption from the Goods & Services Tax (GST). On Wednesday, the state govern...
Property registrations to 2% for transactions between September 1 and December 31 from current 5%.
Publish on : 2020-08-28 12:35:39
The stamp duty will be 3% for agreements to be registered between January 1 and March end in Maharashtra. “Real estate is one of the biggest job creator industry and reduction in stamp duty will increase the sales and creation of more job. Many customers are not paying the balance amount and wi...
In bid to boost realty, Maharashtra cuts stamp duty for 7 months
Publish on : 2020-08-28 12:31:36
MUMBAI: In a major decision to revive the stagnant property market, the state cabinet on Wednesday decided to reduce stamp duty on flats for seven months, starting September. The duty will be lowered from the existing 5% to 2% starting September 1 till December 31 and will be pegged at 3% from Janua...
Realtors see housing demand pick up with festive offers, stamp duty cut
Publish on : 2020-08-24 14:26:18
MUMBAI: Realty developers are hoping for a fillip in the demand for affordable and mid-income housing in the upcoming festive season after launching several offers and incentives coupled with a possible reduction in stamp duties and current lower home loan interest rates. Given the impact of the...
Senior living projects' demand may rise amid COVID-19 uncertainties: Report
Publish on : 2020-08-19 13:43:21
The ongoing Covid-19 pandemic may reshape the future of the senior living segment in India, with demand for such homes likely to move up amid the present uncertainties. In line with the demand, the supply is also expected to increase on the outskirts of metros in addition to existing supply in tier...
Builders get extension to complete pending projects in Noida till Dec next year
Publish on : 2020-08-19 13:39:26
Noida (UP): The Noida Authority on Tuesday extended the deadline for over a dozen builders to complete the pending projects here by December 31, 2021 under its 'zero period' policy, an official statement said. These builders had earlier assured delivery of homes by the end of June 2021. The decis...
While Mumbai, Bengaluru & Pune grow, NCR share in housing sale dip to 9%: Report
Publish on : 2020-08-17 16:51:24
NEW DELHI: NCR's real estate has lost its sheen— the region now contributes just 9% of sales to overall cities' tally, selling a tenth of its peak numbers while other cities including Mumbai, Bengaluru and Pune are now 2-3 times bigger, surging both in terms of sales as well as investor return, acco...
Realty hot spot series: Prime residential area in Thane with multi-storey apartments, good connectivity
Publish on : 2020-08-11 11:16:49
In this week's realty hot spot series, we take a look at Ghodbunder Road in Thane, Mumbai. This is a prime residential destination offering multi-storey apartments and boasts good connectivity. The locality has adequate presence of social infra such as Vedant Hospital, Big Shopping Centre, Viviana M...
Centre approves construction of 10.28 lakh houses under PMAY (Urban)
Publish on : 2020-08-08 12:00:02
New Delhi: Union Housing and Urban Affairs Ministry on Friday approved the construction of around 10.28 lakh houses under the Pradhan Mantri Awas Yojana (Urban), taking the total number of houses sanctioned so far under the scheme to 1.06 crore. The decision was taken at a meeting of the Central San...
Monetary Policy: RBI's loan restructuring move to provide breather to real estate
Publish on : 2020-08-07 11:41:22
Bangalore/ Mumbai: The Reserve Bank of India’s decision to extend a one-time restructuring term loans with up to 2 years moratorium is expected to provide a breather to stressed real estate developers and individual borrowers in the housing segment alike. The one-time restructuring of loans witho...

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