Why Indian real estate market will bottom out in 2021

Why Indian real estate market will bottom out in 2021

Demand forecasting is a complex exercise when it comes to real estate as homes are bought for consumption, investment and at times investment-cum-consumption. However, a broad-based analysis can definitely help chart out a trend. Demand forecasting in real estate has always been a puzzle for economists. Economics suggests consumption products like iPhone, cars, mobile data, […]

How COVID-19 crisis changed the real estate market of India?

How COVID-19 crisis changed the real estate market of India?

The impact of COVID-19 on the real estate market could be felt in halted constructions, reverse migration of labourers, reduced demand for houses, and much more. Developers had difficulty maintaining liquidity while the homebuyers lost the urge to purchase properties since the job market got hit badly. However, the situation post lockdown is not the […]

Goan holiday homes back in vogue; demand improving post-COVID

Goan holiday homes back in vogue; demand improving post-COVID

Homebuyers are also keen to have their own holiday homes as they look for social distancing, health, hygiene, safety and comfort in one space. HNIs are becoming a force multiplier in fueling luxury housing demand, which is rooted in factors such as growth in disposable income and a shift in approach to life. Effects of […]

Centre asks states to cut stamp duty to boost real estate sales

Centre asks states to cut stamp duty to boost real estate sales

Keeping in mind the large number of unsold housing units in major cities, the Centre has written to states to reduce stamp duty on registration of properties. With a view to attract more buyers, many states including Maharashtra and Karnataka have reduced the Stamp Duty rates on transaction of immovable property to boost sales. Initial […]

Festive season brings cheer in real estate market

Festive season brings cheer in real estate market

Buyers are back in the market and property searches have surpassed pre-Covid numbers, says the Magicbricks Property Buyer’s Sentiment Survey. A quarter of respondents are looking to buy property as an investment: Deals and discounts during the festive season have attracted investments into the market. More than 1/3rd of the buyers will only buy if […]

Government announces a number of initiatives for the Real Estate Industry

Government announces a number of initiatives for the Real Estate Industry

Despite the apparent revival in recent months, the stress in the industry residential segment still exists, with delayed projects, cash flow issues and an ongoing liquidity crunch. The government has announced a number of initiatives, particularly for stalled projects, such as the special window for affordable and mid income housing (SWAMIH) scheme that will enable […]

Work from home sees big city professionals realise the Goa dream

Work from home sees big city professionals realise the Goa dream

Most people are buying or renting property near popular tourist destinations in Goa, like Anjuna and Vagator, giving a boost to the beach town’s Covid-hit real estate business. A Real Estate brokerage firm in North Goa, was hit by a slump in business in March, when the entire country and most of the world went […]

Why this might be the best time to buy a house

Why this might be the best time to buy a house

FM Nirmala Sitharaman announced income-tax relief for home buyers and developers among other Atmanirbhar Stimulus 3.0 announcements on Thursday. Among other measures, in order to encourage people to buy houses during the festive season, FM Nirmala Sitharaman gave income-tax relief to home buyers and developers. FM hiked the differential for tax relief between the circle […]

Covid-19 impact: Homebuyers’ enquiries for relatively larger apartments surge

Covid-19 impact: Homebuyers’ enquiries for relatively larger apartments surge

Over the last few months, enquiries for larger homes have increased up to 40% with property seekers predominantly scouting for 3-bedroom apartments with average 1,800 sq ft built-up area as against the previously-preferred 2-bedroom units. The emergence and acceptance of the Work from Home model in the backdrop of the ongoing Covid-19 pandemic has led […]