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 […]

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

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 […]

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, Housing.com, Makaan.com and Proptiger.com 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. […]

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 […]