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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed India’s GDP growth forecast to 2.1 per cent from 6 per cent in the light of the coronavirus pandemic. India’s growth at just 2.1 per cent may be a huge downgrade but given the projected […]
