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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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Union Budget 2021: From GST reforms to tax breaks, here's what real estate sector is hoping for


Union Budget 2021: From GST reforms to tax breaks, here’s what real estate sector is hoping for 
Union Budget 2021: From GST reforms to tax breaks, here’s what real estate sector is hoping for 
The real estate sector has high hopes from Union Budget 2021. From reforms in GST to tax breaks, we speak to some industry experts on what they are hoping for from the Centre.
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UPDATED: January 31, 2021 00:09 IST
Besides being a significant contributor to the country’s gross domestic product (GDP), India’s real estate sector also employs millions of people. (Representative picture)
For 38-year-old Pradyuman Singh, the year 2020 could not have come at a worse time. The Noida-based entrepreneur who had launched a cafe in Sector 46 in 2019, had to shut down his business after the nation went into lockdown. ....

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WFH Impact: Homes Get Bigger, Business Centres Open Within Housing Complexes


WFH impact: Homes get bigger, business centres open within housing complexes
Thanks to COVID-19 and the work-from-home culture, many people are seriously considering homeownership. The idea is to own a home and make it as large as possible with multipurpose rooms. Developers meanwhile are going the extra mile to cash in on the trend.
With the work-from-home and learn-from-home culture here to stay, at least for as long as the pandemic lasts, some homebuyers, especially those on rent or those working from matchbox-sized accommodation, are scouting for larger housing spaces. Developers, too, are cashing in on the trend by incorporating efficiently designed spaces to include smaller rooms that double up as a study or an additional bedroom. ....

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