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Mumbai prices crash as developers struggle for funds, buyers wait and watch
Publish on : 2020-09-24 12:27:26
“Today developers are ready to sell at Rs 40,000 a square foot. Last year, they were selling at Rs 50,000 sq ft, “ says Sudha Kumari, a real estate broker in Dadar, Mumbai. That is a 20 per cent lower than last year’s prices. “Developers are worried about their loans. They want to sell but b...
CLSA sees over 25% upside in this Mumbai-based realty player
Publish on : 2020-09-24 12:25:35
NEW DELHI: Shares of Sunteck Realty NSE -4.96 % advanced nearly 6 per cent in Thursday’s trade after CLSA initiated the coverage on the Mumbai-based realty firm with a ‘Buy’ rating and set a target price of Rs 345. The target price implies a potential upside of 26 per cent from current levels of Rs...
Issue Rs 625 crore from SWAMIH fund for six Amrapali projects: SC
Publish on : 2020-09-03 12:50:32
NEW DELHI: The Supreme Court on Tuesday said the SBICap will issue funds to the tune of Rs 625 crores from the SWAMIH Investment Fund for six Amrapali group projects and directed it and the court-appointed receiver to finalise the legal framework for this purpose. A bench, headed by Justice Arun...
Defaulter builders: UP-Rera to issue SOPs for home buyers
Publish on : 2020-09-03 12:45:36
NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) is coming out with a set of standard operating procedures (SOPs) for buyers should they find a builder has dishonoured an order of the regulator, despite the quasi-judicial body itself trying hard to recover dues from 65 defaulter d...
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...

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