Almost exactly a year ago at the peak of the COVID-19 crisis, there was outright panic in the Mumbai real estate market. An existential crisis for humanity was being debated. Work from home had triggered the possibility that city-life was becoming redundant and with that the demand for housing. The […]
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 […]
Extend Stamp Duty Benefits” Real Estate Developers Of Maharashtra Plead The Government
Real estate developers have urged the government of Maharashtra to extend the prevailing stamp duty rebate that expires on March 31, 2021 by a year, saying that the move had improved homebuyer sentiment and increased property registrations. In a letter presented to Balasaheb Thorat, Revenue Minister, Maharashtra Government, CREDAI MCHI, […]
Slashed Real Estate Premiums Will Generate Economic Activity To The Tune Of Rs. 10 Lakh Crore In MMR: CREDAI MCHI
Maharashtra government’s decision to reduce real estate premium by half is expected to generate economic activity worth Rs 10 lakh crore in MMR, real estate industry body Credai MCHI has said. CREDAI MCHI also estimates that the premium reduction will help residential real estate new launches make a comeback in […]