The real estate expectations are quite high as Finance Minister Nirmala Sitharaman is going to present the Union Budget for 2021-22 on February 1, 2021 amid Covid-19 pandemic. The economic slowdown and loss of revenue due to nationwide lockdown affected the real estate industry as the industry is slowly coming back to the track the […]
Despite the lower-than-normal sales traffic in the real estate sector, the affordable segment has emerged as the hot cake for the wannabe homebuyers. Post-Unlock, the segment witnessed improvement in the number of visits to the site, and the properties sold immediately first because of the pent-up demand and realisation of people to own their home, […]
2020 started on a positive note with the real estate sector hoping to improve upon the mix bag performance of 2019. The first heartbreak came when the Union Budget 2020-2021 almost neglected the real estate sector, barring some good tidings for the affordable segment. The sector took respite in the government’s focus on infrastructure, which […]
Realtors on Friday welcomed the RBI’s decision to keep policy rates unchanged and its projection of revival in economic growth, saying this will lead to continuation of low interest rate regime on home loans and boost housing demand. The RBI kept benchmark rate unchanged for third time in a row at 4 per cent. It […]
In recent times, affordable housing has got several government incentives. Many of the developers are focusing on building budget homes in suburbs and the metro cities. India’s largest real estate developer by market value, DLF Ltd are making up plans to launch mid-income projects, in Rs 60-80 lakh price category. The demand for homes in […]
Many developers have now started giving the possession of flats to homebuyers or are planning to do so in the near future. Delayed possession of projects has been one of the major problems plaguing the real estate sector for a long time, which was aggravated further by the spread of the pandemic and the resultant […]
Making an example of a big fish among developers, the Supreme Court on Monday said builders must pay home buyers annual interest on cost of the flat for the period of delay in its delivery, in addition to the meagre monthly per square foot penalty mentioned in the apartment buyers agreement (ABA). A bench of […]