Realty hot spot series: A well-connected locality in Delhi with all kinds of residential properties
This Delhi locality comprises of builder floors, group housing societies, DDA flats, etc. Properties here are priced between Rs 6,500 per sq ft and Rs 17,500 per sq ft. A 2-BHK costs an average of Rs 65 lakh and a 4-BHK costs Rs 1.66 crore.
Coronavirus impact: Mumbai, Delhi property purchases see huge drop
The report said the impact has been most drastic in Mumbai and Delhi, whil...
Home sales down by 19% in Q1 2020: PropEquity Study
Real estate transactions in Q1 2020 primarily happened in January and February as the ind...
Realtors saddled with Rs 3.70 lakh cr unsold housing inventory in top 7 cities: Report
Unsold inventory increased to 455,351 units from 442,228 units in the fourth quarter of the financial year.
After builders’ appeals, Rera will relax delivery timelines
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.
COVID-19 to reduce housing sales by 25-35%, office absorption to fall 13-30%: Report
In a base case, property consultant Anarock said that sales could drop 25 per cent to 1.96 lakh units this year from 2.61 lakh units in 2019 across seven major cities- Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
Developers using innovative ways of sale during lockdown
Noida-based Gaurs Group has started a campaign, Ghar Baithe Ghar Kharido – Knockdown offer. Some like the Mahagun group have offered discount schemes. Another NCR-based developer, Migsun, charges just Rs 51,000 to book a flat.
Covid-19: Over 15 lakh units under-construction may come to a halt
Of this, Mumbai Metropolitan Region & National Capital Region together comprise 57% or approximately 8.90 lakh units. NCR has 27% or over 4.25 lakh units in various stages of construction. All these units were launched between 2013 till 2019-end.
Haven’t paid property tax? Your cellphone may be seized
Anyone failing to pay the tax for 2019-20 by March 31 may have to face legal action as per the Delhi Municipal Corporation Act, like penalties with interests, attachment of account/movable or immovable property that may also be auctioned.
60% women prefer buying homes from branded property developers: Survey
The survey found that 60 per cent women prefer buying homes from branded developers, while the male participants' preference is equally divided between branded and non-branded developers, i.e., 50 per cent each.
India housing market to keep struggling this year: Poll
The Feb 19-March 2 Reuters poll of 17 property analysts showed average house prices predicted to rise 2.0% this year and 2.5% in 2021.
Maharashtra to start e-portal in March to integrate all property transactions
Once the portal is launched, the citizens can visit it for all encumbrances related to property — from checking title search, records of rights, property and water tax dues to conduct charges search at the Registrar of Companies.
Maharashtra cuts stamp duty by 1% for two years
The cut is expected to breathe new life into the ailing realty sector in Mumbai, MMR, Pune, Pimpri-Chinchwad and Nagpur. The duty will be down by 1 percent from existing 6 percent to 5 percent in these areas and would give a fillip to the construction sector.
Covid-19 to hit affordable housing growth, over 6.1 lakh units impacted in top 7 cities
Overall unsold housing inventory is estimated to shrink annually by 1-3% in 2020, while the unsold affordable stock may actually increase by 1-2% in this period, the report showed. As on March end, there are more than 2.34 lakh unsold affordable homes in the top 7 cities-- 36% of the total unsold stock across all budget categories.
Housing sales bookings of top 9 listed realty firms up 2% at nearly Rs 5,800 crore
According to Anarock, total area sold was slightly higher during last year’s festive quarter, while the total revenue was more this year. This indicates that the sale of homes other than affordable housing saw a higher overall sales value.
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