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COVID-19 impact: Most prospective homebuyers prefer reputed pvt builders, govt authorities

Publish on : 2020-05-05 13:22:09

"COVID-19 has changed buyer preferences with more people now preferring risk-free investments. 62 per cent prospective buyers prefer to buy a home from leading developers with least project execution risks even if the property is relatively higher priced," Anarock said in a report. NEW DELHI: W...

COVID-19 impact: Mumbai region residential bookings down 78% in February, March from January

Publish on : 2020-04-13 14:40:11

During these two months, total number of customer walk-ins dropped by almost 80%, while 7,766 confirmed scheduled site visits were cancelled due to COVID-19 in a span of 30 days. MUMBAI: Bookings of residential apartments in Mumbai Metropolitan Region (MMR) in the last two months of February an...

After builders’ appeals, Rera will relax delivery timelines

Publish on : 2020-04-08 15:12:14

Naredco-UP, a body of realtors, wrote to Rera on Monday that it couldn’t honour the timelines set by the regulatory body as work on all projects have been stalled in the aftermath of the lockdown. It asked for a fresh set of timelines. NOIDA: The Real Estate Regulatory Authority (Rera) of the sta...

Maharashtra: 1% concession on stamp duty from April 1

Publish on : 2020-04-06 13:37:35

The one per cent concession in stamp duty announced in the Maharashtra budget on March 6 will start from April 1, officials said on Saturday. The one per cent concession in stamp duty announced in the Maharashtra budget on March 6 will start from April 1, officials said on Saturday. The conc...

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...