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Pune civic body forms special recovery team for property tax amnesty scheme
Publish on : 2020-10-02 14:01:15
According to the scheme, the property tax defaulters have been given waiver of around 80% of the penalty. They will have to pay the tax and 20% penalty. PUNE: The Pune Municipal Corporation (PMC) has formed a special recovery team to implement the amnesty scheme for property tax defaulters. As...
Mumbai residential registration bounces back to pre-Covid level on stamp duty cut
Publish on : 2020-10-02 13:56:30
Registration of sales agreements stood at 5,597 in September, nearly 95% of pre-Covid level seen in February. The registration numbers rose 110% from July, reflected data from the office of the Inspector General of Registration Maharashtra. MUMBAI: The Stamp duty reduction and a continuing price...
POLL: Indian house prices to fall 6% this year, risk to downside
Publish on : 2020-10-01 14:20:23
BENGALURU: Indian house prices will fall more sharply this year than expected just three months ago amid surging coronavirus cases which are hurting demand in an economy fighting its deepest recession on record, a Reuters poll showed. Even before the pandemic struck, house prices had declined nea...
Top 7 markets Q3 residential sales up 34% on-quarter, unsold inventory down: Report
Publish on : 2020-10-01 14:16:21
MUMBAI: Indian residential property market turned more active during the quarter ending September as against the April-June quarter that was largely marked by lockdowns subsequent to the outbreak of Covid19 pandemic. Housing sales in top seven markets including Mumbai, Delhi-NCR, Bengaluru, Hyder...
Smaller cities showing residential demand for big brands across categories : Report
Publish on : 2020-09-30 13:28:05
NEW DELHI: Reverse migration of the corporate workforce and increased flexibility due to remote working is driving the residential demand in tier 2 and tier 3 cities, which has been so far limited to the top 8 cities of India, according to a research by housing.com. The online platform observed a...
India Ratings maintains negative outlook for residential real estate
Publish on : 2020-09-30 13:23:48
MUMBAI: India Ratings and Research (Ind-Ra) has maintained a negative outlook for the residential real estate sector for the second half of 2020-21. It has revised its recovery estimates on the possibility of a slower-than-expected recovery. The ratings agency believes the overall residential dem...
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...

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