Demand for premium second homes makes big comeback

Demand for premium second homes makes big comeback

Second homes priced from ₹50 lakh to ₹50 crore are seeing a pick-up in demand from wealthy individuals—including tech entrepreneurs, corporate professionals and non-resident Indians (NRIs) —as they look to get away from cities amid the pandemic. Tata Realty and Infrastructure Ltd (TRIL), DLF Ltd, Isprava, and others are seeing a demand for larger individual […]

Goa: Cabinet nod to new housing scheme for govt employees

Goa: Cabinet nod to new housing scheme for govt employees

In a relief to around 1,500 state government employees, ahead of the assembly elections, the cabinet on Wednesday decided to reintroduce a new and revised House Building Allowance (HBA) scheme for them, who are beneficiaries of the earlier scheme. For government employees who want to take benefit of the HBA scheme as new beneficiaries, a […]

Property prices may go up in the near term

Property prices may go up in the near term

The Confederation of Real Estate Developers’ Association of India (CREDAI) has expressed concern over the sustained increase in price of construction raw materials including cement & steel. Historically, prices of almost all materials & commodities shoot up whenever there is a consistent increase in fuel price but the prices of construction raw materials have been […]

The Goan mid-segment real estate needs immediate attention

The Goan mid-segment real estate needs immediate attention

COVID pandemic came in as a boon in disguise for the high-end luxury segment in the real estate sector in Goa, the mid and lower segments of the sector, however, continue to struggle. According to the realtors the effective cost for an ordinary buyer has gone up and their woes have increased dramatically. The buyers […]

Deepak Parekh: Real estate heading to best of times

Deepak Parekh: Real estate heading to best of times

According to Parekh, housing markets move in cycles and research suggests that for India, the peak and trough of each housing market cycle typically entails a duration of 6 to 8 years. HDFC Chairman Deepak Parekh Friday said the housing and real estate sector is “heading into the best of times” with a lot of […]

Revised Goa RERA rules allow return of registration fees

Revised Goa RERA rules allow return of registration fees

Close to four years after the Goa Real Estate (Regulation and Development) Act was formulated and notified, the Goa RERA has finally framed norms to return the registration fee paid by an agent or builder. Real estate agents have to pay up to Rs 1 lakh and real estate developers Rs 50,000 to Rs 10 […]

51% of urban Indians say festival season is a good time to invest in property

51% of urban Indians say festival season is a good time to invest in property

Around 51 percent of urban Indians think that the festival season, which typically runs from October to November, is a good time to invest in real estate, a survey has found, as developers ready offers to lure consumers. About 35 percent of urban Indians aged between 25 and 44 plan to invest in real estate […]

As many as 70% respondents want to buy a second home within two years

As many as 70% respondents want to buy a second home within two years

With the COVID-19 pandemic appearing to have created several resets in real estate and the wider acceptance of work from anywhere, the demand for second homes has gone up. As many as 70 percent respondents want to invest in a second home priced at Rs 2 crore or less within two years, a survey by […]

Why demand for holiday homes is gaining traction in India

Why demand for holiday homes is gaining traction in India

In this post-pandemic world, people want prudent investment choices and holiday homes yield better returns over time than any other commercial or residential property. The Indian real estate market has gone through various ups and downs in the past decade. A spate of regulatory movements such as demonetization, RERA and GST around 2016-2017 helped to […]