The Prime Minister Narendra Modi-led government has lowered the Budget allocation for the Centre’s flagship job guarantee scheme, the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA). The Budget, presented by finance minister Nrmala … READ FULL STORY
The government would want to eventually switch to an exemption-free tax regime with lower tax rates, revenue secretary Sanjay Malhotra told news agency PTI on February 2, 2023. “We would like to move towards … READ FULL STORY
Various factors might have led to value appreciation for India’s housing market, but the sector achieved impressive levels of growth in 2022 amid a change in buyer outlook towards immovable assets in the post-pandemic … READ FULL STORY
Unsold housing stock in India’s mega housing markets has declined significantly due to strong sales momentum, driven by robust demand for housing, says the Economic Survey 2022-23. Unsold inventory stood at 8.5 lakh at the … READ FULL STORY
Just like any other year, India’s real estate sector is expecting a great deal from the Union Budget 2023 ─ the last full Budget of the Prime Minister Narendra Modi-led government at the Centre. … READ FULL STORY
Dubai is expected to lead the price growth in 2023 with a 13.5% annual appreciation, shows the latest report by property brokerage major Knight Frank. In a list of 25 global cities, India’s financial … READ FULL STORY
India’s office space market saw 36% year-on-year (YoY) growth in transaction volumes during 2022, shows a new report by property brokerage company Knight Frank India. According to the report, the market also saw yearly … READ FULL STORY
Housing sales in India’s 8 prime residential markets during 2022 increased 34% to touch a 9-year high mark as demand for residential real estate remained robust in the post-Coronavirus era, says a new report … READ FULL STORY
Even though housing affordability in India has been impacted amid an increase in average values and interest rates, the growth momentum seen during 2022 is likely to continue in 2023, says a new report … READ FULL STORY
Canada has barred foreigners from purchasing residential properties in city centres for 2 years as the American nation tries to improve housing affordability as well as accessibility for its citizens. The ban, which would … READ FULL STORY
Banking regulators across the world may start reversing rate hikes during 2023 amid signs of a global slowdown, public lender State Bank of India (SBI) has said in a recent report. “With the prospect … READ FULL STORY
The Centre on December 30, 2022, increased interest rates for 8 of the 12 small saving schemes for the January to March period of 2023. The hike in interest was in the range of … READ FULL STORY
Amid robust office space absorption seen during 2022, vacancy levels across India’s 6 leading commercial markets dropped by 190 basis points year-on year to 16.6%, indicating strong recovery and stability in commercial office markets, … READ FULL STORY
