Why does one want to move to Goa?

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

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 […]

Housing board to team up with builders to develop 60,700 sq meter in North Goa

Housing board to team up with builders to develop 60,700 sq meter in North Goa

The Goa Housing Board (GHB) intends to develop 60,700 sqm of land in North Goa through a joint partnership with reputed national or international builders. To ensure it gets maximum bang for its buck, the board is looking for a property consultant to develop a viable business model and conduct a market study on Goa’s […]

Why Indian real estate market will bottom out in 2021

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?

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

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 […]

Centre asks states to cut stamp duty to boost real estate sales

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

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 […]

Government announces a number of initiatives for the Real Estate Industry

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 […]