The centre, on November 16, 2017, approved the enhancement of the carpet area of houses for the middle income group (MIG) category, under the Pradhan Mantri Awas Yojana – Urban (PMAY-U). Under the MIG-I … 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
The interest subsidy of up to Rs 2.60 lakhs on home loans under the centre’s affordable housing scheme, will now be available to middle-income group (MIG) beneficiaries for 15 more months till March 2019, … 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
After a drastic dip in sentiments, from October to December 2016, the first quarter of 2017 has begun on a positive note, signifying the transient impact of demonetisation. Nevertheless, the stakeholders in Indian real … READ FULL STORY
There is a sense of recovery in the real estate market, as the second half of 2016 saw a revival in sales and this trend is likely to continue in 2017. At the same … READ FULL STORY
Although the Real Estate (Regulation and Development) Bill, 2016 was passed by Parliament in March 2016 and all the 92 sections of the Act come into effect from May 1, only 13 states and … READ FULL STORY
The Brihanmumbai Municipal Corporation (BMC) has proposed a surcharge of one per cent on the buying and selling of properties in Mumbai, to fund infrastructure projects. This would be enforced by the state government, … READ FULL STORY
The Prime Minister’s Office (PMO), recently held meetings to discuss deliberations around undertaking projects in the PPP mode, to boost the supply of low-cost houses. This development comes in the backdrop of the thrust … READ FULL STORY
Buying a property is a once-in-a-lifetime decision for most people, as the investment is generally huge and may come with a long-term liability. One wrong decision, can create imbalances in the buyer’s personal balance … READ FULL STORY
India will require investments of USD 1 trillion over the next five to seven years, to meet the demand from the infrastructure and housing sectors, with banks, private equity and NBFCs likely to be … READ FULL STORY
