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Real estate sector needs quick assistance to stay afloat: Developers

Akshay Taneja, MD, TDI Infratech said that RBI s steps are unlikely to provide a significant lift to the market, but they are expected to provide downside support and enhance investor confidence. ....

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Five Years of RERA have been transformational for the Realty Industry

Five Years of RERA have been transformational for the Realty Industry
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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Five NCR markets witness uptrend in prices of residential properties

Five NCR markets witness uptrend in prices of residential properties
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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It would have helped if the sector received benefit from MPC: Realtors

It would have helped if the sector received benefit from MPC: Realtors
Posted On:
2021-04-07 04:39:11
(Time Zone: Arizona, USA)
The Reserve Bank of India (RBI) has maintained the policy rate at 4% and voted unanimously to keep the status quo with an accommodating stance. The marginal standing facility and bank rate remained at 4.25 per cent, while the reverse repo rate remained at 3.5 per cent. The majority of experts predicted that the RBI will preserve the status quo in the face of a rise in COVID-19 cases in the country. The RBI s decision to keep key policy rates unchanged means that low-interest rates on home loans will continue, but real estate developers believe that more reductions could have boosted housing demand, which has shown signs of recovery in recent months. ....

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Haryana's realty market will crash if govt imposes 2% duty on transfer of properties: Developers

Synopsis
“Gurgaon deals will be hampered, especially in the ready-to-move in property segment, where the buyer has to pay the stamp duty on transaction. At this time, when people are consolidating their real estate portfolio into a better upgraded home to live in, this move might push home buyers towards under construction apartments, where registration of property is 3-4 years away,” said Anubhav Jain, CEO, Silverglades Group.
Agencies
With the latest imposition of additional taxes, Haryana s markets would crash due to the additional financial burden being placed on buyers.
Haryana government’s plan to impose 2 percent additional duty on transfer of immovable properties, will put Gurgaon’s real estate market at a disadvantage, according to property developers. ....

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