Relief for real estate sector as Goa CM cuts infrastructure tax

The chief minister also said that it proposes to extent the online building plan approval management system for multi-family dwellings, commercial buildings and industrial buildings in a phased manner. In a move that is likely to breathe life into the real estate sector, chief minister Pramod Sawant on Wednesday announced that the infrastructure tax levied […]

Goa RERA specifies norms for transfer of real estate projects

The new rules have been framed and notified after the authority found several instances where builders were transferring real estate projects to other entities without clear obligations being specified. The Goa Real Estate Regulatory Authority (RERA) has set a few ground rules for phase-wise development of real estate projects and transfer of real estate projects […]

Budget to fuel investments in Real Estate

Real estate players said on Monday the Union Budget 2021 contains several measures to strengthen infrastructure and attract investments for kickstarting the economy amid Covid-19 pandemic. Shishir Baijal, Chairman and Managing Director of Knight Frank India, said the Budget announcements relating to monetisation of infrastructure and real estate assets will help increase private sector participation. […]

Office space leasing across India’s major cities likely to grow 22% in 2021

Office space absorption across India’s major cities is expected to touch a growth of 22% in 2021, an increase from last year despite the disruption caused by the pandemic in the last few quarters. Office space absorption across India’s six major cities is expected to touch 41.3 million sq ft in 2021 marking a growth […]

Most Homebuyers feel this is the best time to buy a house

Amidst deals, discounts and cheaper home loans, an increasing number of homebuyers are considering it advantageous to buy houses right away. Real estate’s perception as an investment asset class has also increased distinctively post the outbreak of Covid19 pandemic. Nearly 62% respondents, in a sentiment survey conducted jointly by the CII and Anarock Property Consultants, […]

Why does one want to move to Goa?

Who uproots herself to collect raindrops in the basins of her collarbone? Who? Why? I wanted to. Maybe because I was a desert in my past life, my heart aching for the rain that never drenched my brown body. Or, an underfed river that yearned to be more Rubenesque. Maybe a farmer whose mind was […]

Goa moots unique ID for each property

The revenue department has notified draft rules for the government’s property register which will assign a unique identification number to each property. The draft rules shall be taken into consideration by the government after fifteen days from the notification. The state government plans to prepare a property register with details of government and private land […]

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?

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 […]