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With attractive deals, real estate becomes buyers’ market amid Covid-19

With attractive deals, real estate becomes buyers’ market amid Covid-19

Just before the lockdown began, Ritesh Chandra managed to sell his ancestral house in Uttar Pradesh. To avoid paying capital gains tax, this Delhi-based financial professional plans to reinvest the proceeds in another property in the National Capital Region (NCR), Lucknow or Jaipur. He has searched online and prepared a list of prospective sellers. “I […]

DEMAND FOR READY-TO-MOVE-IN HOMES IS ON THE RISE

DEMAND FOR READY-TO-MOVE-IN HOMES IS ON THE RISE

Housing sales fell 11 percent during the last fiscal year across nine major cities of the country, but the demand for ready-to-move-in residential units rose while that of under-construction flats dipped, according to online property brokerage firm PropTiger. The share of ready-to-move-in inventory as a percentage of total sales rose to 20 per cent during […]

Real estate sector may not be much affected by the Corona crisis

Real estate sector may not be much affected by the Corona crisis

With a 21-day countrywide lockdown announced by PM Modi on Tuesday evening in the wake of the Corona virus pandemic, the big question now pertains to the impact that it is going to have on the Indian economy in general and the real estate sector in particular. With a 21-day countrywide lockdown announced by Prime […]

Haryana: Registry of properties to resume on April 20

Haryana: Registry of properties to resume on April 20

The Haryana government announced on Friday that registration of properties would resume in every district from April 20. Officials said the number of registrations would, however, be halved to 30 a day. “We are going to resume registration of properties from April 20. We will make sure social distancing is followed at revenue department’s office […]

RBI’s measures will provide major relief to developers: Experts

RBI’s measures will provide major relief to developers: Experts

The RBI announced several measures to facilitate bank credit flows In a major move to boost liquidity in the market, the RBI announced several additional measures to accelerate the economy and facilitate bank credit flows even as the Centre has extended the nationwide lockdown to stop the spread of coronavirus. Among the various measures announced, […]

Realtors hail move to allow construction with limited manpower, raw materials availability an issue

Realtors hail move to allow construction with limited manpower, raw materials availability an issue

CREDAI chairman Jaxay Shah that the realty sector remains the second largest employer after agriculture and halt in construction activities will have a long-term impact on the realty sector. The real estate industry on Wednesday said the government’s decision to allow construction on those projects where labourers are already available on sites will solve the […]

Realty sector welcomes coronavirus lockdown extension, seeks relief package to cushion liquidity crisis

Realty sector welcomes coronavirus lockdown extension, seeks relief package to cushion liquidity crisis

The real estate industry on Tuesday welcomed the decision to extend the lockdown period till May 3, but said the government should allow limited construction activities with proper safety and also provide a relief package to ease the liquidity crisis faced by builders. “We support the prime minister’s announcement on extension of the lockdown. We […]


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