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 […]

Govt to give benefits for affordable housing

The affordable rental housing complexes scheme under the Pradhan Mantri Awas Yojana—Urban has been launched to provide dignified and affordable living spaces for low income workers. Incentives and benefits including free floor area ratio (FAR), concessional project finance, and trunk infrastructure facilities free of cost will be part of the affordable rental housing complexes (ARHCs) […]

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, […]

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 […]

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 […]