Haryana real estate regulatory authority has made it clear that any sale on the basis of super area shall be treated as ‘fraudulent/unfair’ trade practice by the promoter. Conveyance deed too shall have to be executed on carpet area basis only. “No conveyance deed of a real estate unit shall […]
Financial Strain Experienced By Real Estate Developers In The Times Of COVID-19
The real estate sector was caught in a conundrum last year with flattening demand, a challenging funding environment, and increasing compliance-based costs. The onset of the pandemic exposed the fragile financial health and business models of real estate developers in India. The financial health of developers in the preceding 12 […]
Here’s Why NCR Is A Top Real Estate Destination For NRIs
Driven by stable prices, depreciating rupee and good deals offered by developers, residential properties – particularly luxury homes – are showing good traction from NRIs, even during the times of pandemic. According to a recent consumer survey by ANAROCK, Bengaluru has emerged as the most favourite investment destination for 24% […]
How Will Haryana Government’s Move To Levy 2% Additional Duty On Property Transfer Will Affect Realty Market
The Haryana government has planned imposition of an additional two per cent duty on transfer of immovable properties located within the Municipal Corporations limits across Haryana. The proposed duty will be applicable on transfer of properties in the secondary market and the two per cent duty shall be imposed in […]
DLF All Set To Make It’s Presence Felt In Mumbai – Chennai Residential Property Market After NCR
DLF, the country’s largest listed developer, could again diversify into residential-property markets such as Mumbai and Chennai after focusing on its home turf, the National Capital Region (NCR). The developer started concentrating on Delhi-NCR after selling some of its land parcels in cities such as Mumbai in 2012 to reduce […]