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Repo Rate cut, EMI moratorium to help homebuyers, developers manage liquidity

Publish on : 2020-04-01 19:13:29

Realty developers and Industry experts lauded key measures announced by the central bank to support the economy. However, they also stated that banks need to transmit the same soon to help boosting liquidity and potential reduction in installments. The move is also expected to help realty developers...

Real estate developers prepare to keep residents safe during lockdown

Publish on : 2020-03-24 14:03:52

The developers who are managing the society are sanitising all entry points and closed public areas including parks, gym, clubs and swimming pools. Since senior citizens are at greater risk, developers operating the senior citizen apartments, are also taking extra measures to prevent spread of the v...

CREDAI seeks to reschedule debt repayment, reset loan interest rates

Publish on : 2020-03-19 12:53:34

Among other recommendations, the Confederation of Real Estate Developers' Associations of India has sought about Rs 1 lakh crore that is lying in the Building and Other Construction Workers' Welfare Cess Fund collected from developers be used to provide loss of wages and healthcare benefits to const...

Real estate to take a dip this festive season

Publish on : 2020-03-17 12:43:00

The Covid-19 pandemic and concerns over the global economy are likely to curtail a number of residential project launches during the upcoming festive season of Gudi Padwa, Ugadi and Akshaya Tritiya, which usually sees several new projects. The ongoing Covid-19 virus mayhem and concerns over the g...

Covid-19 is expected to delay commercial real estate deals

Publish on : 2020-03-13 12:54:36

“It is a Black Swan event that comes with implications for the world economy. The disruption to business cycles is bound to impact commercial real estate decision-making as well,” said Gautam Saraf, managing director at Cushman & Wakefield in Mumbai. BENGALURU | MUMBAI | NEW DELHI: The worldwide...

To expedite work under PMAY, state allows MahaHousing to join ventures

Publish on : 2020-03-11 14:21:23

As per the norms, the private parties holding land measuring more than 10 acre are eligible for going ahead with a joint venture with any of these civic or government bodies for construction of houses under the PMAY. (This story originally appeared in on Mar 10, 2020) AURANGABAD: To expedite th...

Maharashtra cuts stamp duty by 1% for two years

Publish on : 2020-03-09 12:31:52

The cut is expected to breathe new life into the ailing realty sector in Mumbai, MMR, Pune, Pimpri-Chinchwad and Nagpur. The duty will be down by 1 percent from existing 6 percent to 5 percent in these areas and would give a fillip to the construction sector. MUMBAI: Presenting a Rs 9,511 crore d...

Maharashtra will create 30,000 housing stock in 2 years: Govt

Publish on : 2020-03-05 17:26:27

Minister Jitendra Awhad told the House 10 percent each of houses built by Maharashtra Housing and Area Development Authority (MHADA) will be reserved for police personnel and Class IV government staff. Lands totaling 25,000 acres acquired by SEZ developers but lying unused will be taken back by the...

India's buildings sector to expand by 6.6% next year driven by fiscal support, govt policies: Fitch

Publish on : 2020-03-03 13:00:32

NEW DELHI: Fitch Solutions on Monday said it expects the country's residential and non-residential buildings sector to expand by 6.6 per cent, in real terms, next year, driven by fiscal support and a continued focus on the provision of affordable housing in urban areas. "Short-term expansion of Ind...

Southern Cities Ahead Of Curve In Completing Residential Projects

Publish on : 2020-02-28 17:49:32

For All Large Projects Launched And Completed Over The Last Decade, The Average Completion Time Was Least In Bengaluru And Hyderabad, With Around 5.5 Years Each. Bengaluru: Southern Cities Have Not Only Bucked The Trend In Property Sales, But Are Also Markedly Ahead Of Their Northern, Western And...