India witnessed a promising start to 2021 until the COVID-19 pandemic derailed the road to recovery. The pandemic has underscored the significance of well-being and maintaining a harmonious balance with nature. It has also reaffirmed the significance of owning a home as opposed to living in rented accommodation with insecurities. According to a report by […]
However, in the absence of additional measures, the recovery period post the second wave may get elongated, thereby placing higher stress on developer cash flows, especially for the smaller ones. The residential realty sector has recorded one of its best quarters in Q4 FY2021, with sales across the top eight cities nearing 85 million square […]
The report ascertains the suitability of cities on the basis of factors such as population density, open area ratio and hospital infrastructure. Gurugram is the most suitable city to live in during COVID-19 times considering factors such as population density, open area ratio and hospital infrastructure, a new report by Square Yards titled Suitability Index: […]
Larger homes are not just a preference but a necessity in a work-from-home and study from home environment in COVID-19 times. Sales in the 3BHK category have increased due to homebuyers’ preference for larger homes even in peripheral locations. The sale of 3BHK housing units has increased by 19% on a year-on-year basis, according to […]
With Gurugram staring at the acute shortage of beds for Covid patients, real estate firm M3M Group and Medanta Hospital have collaborated to establish a dedicated Covid centre equipped with 400 beds at Sector 67. The 400-bed facility that will be set up in empty flats, owned by the M3M group, will also provide food […]
78% of tenants seek for legal safeguards in rent agreements When people are trying to co-live with the pandemic virus, owning a home is becoming a necessity for safety, according to the survey Two out of every third home buyer is now back in the real estate market, reveals consumer sentiment surveys conducted by 99acres. […]
Industry experts feel that this is the right time to buy a house because buyers are likely to get better deals and prices may go up in the near future. The COVID-19 crisis has dealt a major blow to the real estate sector. The home buying cycle has been massively impacted, and transactions continue to […]
Real estate trumps gold, fixed deposit and stocks when Indians think about investing their money. The current economic scenario has not deterred real estate investors who remain confident of their income stability in the next six months, finds a survey. Homebuyers are likely to slowly return to the market in the coming six months.. According […]
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 […]
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 […]