Category: Steel

Stamp duty exemptions for buyers in high-rise buildings have been extended until September 30.

July 7, 2021

Jaipur- In response to developer requests, the state government has decided to prolong the stamp duty exemption for three months, until September. Despite the fact that the Confederation of Real Estate Developers Associations of India (CREDAI) had written to the finance ministry requesting that the stamp duty exemption be extended until March 2022, the department […]

Stamp duty exemptions for buyers in high-rise buildings have been extended until September 30.more

D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.

July 4, 2021

An only extremely rich individuals can afford this. R K Damani, the owner of the big retail chain D-Mart, has paid Rs 65 crore to convert 1.4 acres (7,634 sqm built-up area) of leased land to freehold. The state revenue department has levied a surcharge of 25% of the ready reckoner rate for the conversion. […]

D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

Pricing index for housing launched to help homebuyers make informed purchase decisions.

June 1, 2021

On May 31, 2021, online real estate portal Housing.com and the global business school Indian School of Business (ISB) announced the launch of their Housing Pricing Index (HPI), which will assist potential homebuyers in determining the best time to buy a property and sellers in determining the best time to sell their assets. Homebuyers, investors, […]

Pricing index for housing launched to help homebuyers make informed purchase decisions.more

The Chief Minister of Gujarat has approved the construction of skyscrapers with 70 or more floors.

May 27, 2021

Gujarat is one step closer to transforming the skylines of its five major cities with ‘iconic towers’ such as those seen in Dubai and Singapore. Chief Minister Vijay Rupani approved the final notification addressing the construction of buildings with 70 or more stories on May 25, paving the path for this move. The approval was […]

The Chief Minister of Gujarat has approved the construction of skyscrapers with 70 or more floors.more

Cidco plans to construct a township on 337 hectares of land in Palghar.

May 25, 2021

Palghar, about 115 kilometers from Mumbai, will be the site of a new proposed satellite township. This will be the second such township, following Navi Mumbai, whose growth began in the 1970s. The township will be built on 337 hectares of land provided to the City and Industrial Development Corporation (Cidco) in lieu of building […]

Cidco plans to construct a township on 337 hectares of land in Palghar.more

Morgan Stanley predicts that the Dubai property market will improve due to higher-than-expected demand.

May 19, 2021

According to Morgan Stanley, Property prices in Dubai are increasing for the first time in six years, owing to increased demand and a decline in project launches since 2017. According to ValuStrat consulting firm research, residential values increased by 1.2% month on month in April, and the index’s fastest monthly growth rate in seven years. “Residential property […]

Morgan Stanley predicts that the Dubai property market will improve due to higher-than-expected demand.more

Registration of property stops in Karnataka; builders fear a disruption of cash flow.

May 14, 2021

The registration of property has stopped across Karnataka because after declaring a two-week lockdown, the government shut its 243 offices of the sub-registrar for the time being. “To ensure the safety of our staff and the public our offices have been closed down. Online registration is not even allowed,” KP Mohanraj, inspector general of registration and […]

Registration of property stops in Karnataka; builders fear a disruption of cash flow.more

Bengaluru’s prime office rental falls by 8%, while Mumbai falls by 6.2% in the first quarter of 2021.

May 12, 2021

According to a Knight Frank report, prime office rentals in Bengaluru and Mumbai dropped 8% and 6.2%, respectively, from January to March 2021 versus the preceding year. According to the consultant’s Asia-Pacific Prime Office Rental Index Q1, 2021 survey, prime office rents in the national capital region (Delhi-NCR) fell by just 1% from January to March […]

Bengaluru’s prime office rental falls by 8%, while Mumbai falls by 6.2% in the first quarter of 2021.more

In Andhra Pradesh, a housing scheme would use energy-efficient construction technologies.

May 10, 2021

The revolutionary ‘Indo-Swiss energy-efficient construction technology’ will be used in Andhra Pradesh’s Pedalandariki Illu housing scheme (housing for all the poor). The proposal calls for the construction of 30 lakh affordable houses in the state. According to state officials, the Indo-Swiss EE technology will decrease the temperature inside houses by about two degrees and save […]

In Andhra Pradesh, a housing scheme would use energy-efficient construction technologies.more

NAREDCO aims for the establishment of isolation facilities for construction workers.

May 7, 2021

Developers from all real estate projects in the twin cities and the area of Yamuna Expressway are asked to provide isolation facilities on their construction sites for Covid affected workers, the Naredco builders’ body said on May 6. Despite the fact that over 25% of migrant workers have returned to their hometowns, over a lakh people […]

NAREDCO aims for the establishment of isolation facilities for construction workers.more

Category: Steel

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