India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders. “Property prices may come down by 10-20% across geographies, while land prices could see an even […]
The Completion Deadlines of Real Estate Projects Have Been Postponed by 3 Months by MahaRERA Due To Corona Virus Effect
In view of the country-wide lockdown on account of the novel coronavirus, or COVID-19, pandemic, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to extend the validity period for registration of real estate projects, whose date of completion or for that matter extended completion date gets over on or after […]
Real Estate Developer’s Body Looking Out For RBI’s Assistance For One-Time Loan Restructuring
Stating that proceeds from new sales and collection from the sold units have been severely affected due to coronavirus and the subsequent lockdown, a real estate sector body has sought the central bank’s intervention to permit a one-time restructuring of loans and to extend the moratorium period to six months […]
Corona Virus Lock Down Effect: Q4 2020 May See Commercial Real Estate Deals Make A Comeback
The coronavirus pandemic and the subsequent lockdown have put several commercials deals across the country on hold and the trend is likely to continue, depending on how much time the country takes to tackle COVID 19. However, the market may stabilise in the fourth quarter of 2020, say real estate experts. […]
PMC Officials Opine That Stamp Duty Relief Will Give A Thrust To The Real Estate
The Pune Municipal Corporation (PMC) officials feel that the 1% reduction in stamp duty for property registration offered by the state government will boost the real estate market with buyers coming forward to avail of the benefit. The stamp duty concession will be offered for all sale and transfer of […]
COVID – 19 Will Affect The Prices Of The House Across Segments That Will Also Include The Affordable Category: Argenio Antao
The nationwide lockdown to contain the spread of coronavirus has brought real estate construction activity to a standstill and all the stakeholders – real estate developers and homebuyers – are in limbo. Builders may have to resort to doling out more sops to liquidate inventory but they are likely to wait-and-watch […]