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

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

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

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 […]

Huge concessions by Banks on home loan interest rates

The excitement in the residential real estate sector is palpable this festival season, says Dhruv Agarwala, Group CEO,, and Ahead of the festive season, India’s top lenders — State Bank of India (SBI), Kotak Mahindra Bank and Axis Bank — is offering huge concessions on home loan interest rates to boost demands. […]

Thirty years domicile must to buy property from Goa Housing Board

Under the old rules, 15 years of domicile was sufficient to apply for such a plot or flat. Also, for the first time, overseas citizen of India (OCI) cardholders will be eligible to apply for Goa Housing Board’s tenements. The Goa Housing Board has amended its registration, allotment and sale of tenements rules of 2016, […]

Festive season poised to brighten things up in Real Estate sales

With the onset of the festive season, gradual recovery and developers’ continuous efforts to sustain a conducive environment for all stakeholders, the sector is bound to witness a new era of real estate development, providing a sound foundation for reviving economic growth. Indian real estate has been on a rollercoaster ride for the last three […]

Goa CM inaugurates online building plan approval management system

“This initiative is a step towards the goal of attaining faster and hassle-free clearance for land development and building construction approval in a transparent manner,” tweeted Goa Chief Minister Pramod Sawant. Goa Chief Minister Pramod Sawant on Monday inaugurated an online building plan approval management system (BPAMS) in Panaji on Monday. Deputy CM Chandrakant Kavlekar […]

India’s realty sector transparency improves

India’s real estate industry has registered one of the largest improvements globally and regionally in JLL and LaSalle’s biennial Global Real Estate Transparency Index (GRETI) released on Tuesday. The country ranks 34th globally on the index with higher levels of transparency observed in India due to regulatory reforms, enhanced market data and sustainability initiatives. The […]