The Ministry of Housing and Urban Affairs, on June 12, 2018, increased the carpet area of houses eligible for benefits under the Pradhan Mantri Awas Yojana’s (PMAY’s) credit-linked subsidy scheme (CLSS) to 160 sq … READ FULL STORY
The Reserve Bank of India (RBI), for the first time in over four years raised the repo rate, or the short-term lending rate, by 0.25 per cent to 6.25 per cent, on inflation concerns, … READ FULL STORY
The burden on Mumbai’s infrastructure has become increasingly evident over the last few years, with the city witnessing floods and worsening traffic jams. With the increasing number of high-rises, the residents have been demanding … READ FULL STORY
The Maharashtra government, on April 25, 2018, approved the Mumbai Development Plan 2034. While the real estate sector welcomed the plan, others have expressed concern over its impact on infrastructure. The research wing of … READ FULL STORY
While policy changes like demonetisation, the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST) may have caused a temporary slowdown in the real estate market, the long-term impact … READ FULL STORY
After six months of pessimism in Q2 and Q3 of 2017, positive sentiments have surfaced in the real estate industry, with a current sentiment score of 52 in Q4 2017. The uptick stems from … READ FULL STORY
There were no major direct announcements related to realty sector, in the Union Budget 2018-19. However, there is an expectation in the market that the efforts made by the government, could boost the real … READ FULL STORY
Aggrieved home buyers in Maharashtra, may be able to look forward to an early and amicable resolution of their disputes with their developers, with Maharashtra becoming the first state in India to initiate the … READ FULL STORY
The year 2017 witnessed several major events that impacted the real estate sector – from policy-related announcements and reforms, to interest rate changes, tax related announcements and the attempt to shift to a cashless … READ FULL STORY
India’s future real estate sentiment index for Q3 2017 (June-September 2017), has fallen to 55, reaching its lowest point in the past 39 months. With a slowdown in the economy and the impact of … READ FULL STORY
Roopankar Chakroborty, a resident of Noida, had no clue about the trouble that was going to come his way when he booked an apartment in the 19th floor of an upcoming, but delayed project … READ FULL STORY
Beyond the political overtones, the economics of the existing taxation structures, do not indicate a smooth transition, if the real estate sector were to be brought under the Goods and Services Tax (GST). There … READ FULL STORY
Sentiments in the real estate sector, which had been positive in the last quarter, have moved into the negative zone for the first time since Q4 2015, largely as a result of ambiguity over … READ FULL STORY
