For many years now India’s real estate has been under what is called a ‘time correction’. It’s been something like a decade. Time correction is a slightly fancy (actually, misleading) way of saying that prices are stagnant. At some point, this stagnation will end and real estate prices will head […]
Enhanced Stamp Duty Will Inconvenience Home Buyers
JAIPUR: Buying houses will be dearer as the state government has proposed to increase stamp duty on registration of property by 1%. Though the state government decided to slash the district-level committee (DLC) rates by 10%, realtors believe this would not provide a big relief as these rates were increased […]
Property Grabbing By Tenants Will Soon Be A Thing Of Past. Rent Out Your House Without Any Concern With New Rent Policy
In a massive relief to homeowners and landlords against illegal occupancy of property, the government has said that it is formulating a new rental policy which is likely to check existing loopholes of the system. “Very soon you will see a rental policy out,” Union Minister Hardeep Singh Puri said […]
MHADA To Forge An Alliance With Builders For Affordable Housing
The Maharashtra government plans to invite private real estate developers to join hands with the Maharashtra Housing and Area Development Authority (MHADA) to build affordable houses. “MHADA will be happy to tie up with private developers. We will be equity partners and are willing to take risks,” said housing minister […]
Settle The Issues That Affect Indian Housing Sector
A recent cover story in TheEconomist focused on what it termed as the “horrible housing blunder”. It outlined how an obsession with home ownership in the West has driven up home prices, and undermined growth. It rightly placed the blame on supply side constraints, and on underlying political economy issues. Similar issues […]