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

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 […]

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 […]

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 […]