Category: Expert Views

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

The Metropolitan Planning Committee (MPC) has approved Phase II-A and Phase II-B of the Bengaluru Metro.

May 11, 2021

Namma Metro’s Phase II-A (Central Silk Board to KR Puram) and Phase II-B (KR Puram to the Kempegowda International Airport) project cover 58.19 km, have been approved by the Metropolitan Planning Committee (MPC). The approval took place months after the Centre’s approval and almost 2 years after the state government’s approval. However, it is unclear why […]

The Metropolitan Planning Committee (MPC) has approved Phase II-A and Phase II-B of the Bengaluru Metro.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

Construction firms are able to support their workers by using the reverse migration option.

April 13, 2021

Real estate and construction firms have so far been able to keep their workers on the job by using the lessons learned from last summer’s tumultuous evacuation of towns, even as reverse migration of unskilled workers working in retail, hotels, street vendors, and other miscellaneous occupations has begun in the wake of new mobility curbs. […]

Construction firms are able to support their workers by using the reverse migration option.more

East Delhi Municipal Corporation mandates online Property Tax payment from individuals.

April 6, 2021

The Municipal Corporation of East Delhi has decided to change totally to the online tax collection method. A government entity notification states that property tax returns are now accepted only online. Manual return filing has been taken out. According to the order issued by the accessor and collector office, the change is intended to increase […]

East Delhi Municipal Corporation mandates online Property Tax payment from individuals.more

The tenant eviction ban gets extended until June in the USA.

April 1, 2021

The Biden administration is continuing a federal moratorium on evictions of residents who fell behind on their rent during the coronavirus pandemic. The Centers for Disease Control and Prevention moved on Monday to prolong pandemic-related safety, which was due to expire on Wednesday. The ban got extended until the end of June. The ban, which […]

The tenant eviction ban gets extended until June in the USA.more

WeWork goes public via SPAC in a $9 billion deal.

March 26, 2021

WeWork announced on Friday that it has agreed to go public in a merger with blank-check company BowX Acquisition Corp, in a deal estimated at $9 billion. It represents a significant decrease from the $47 billion that WeWork was priced for a listing in 2019, prior to a failed listing strategy that crumbled due to […]

WeWork goes public via SPAC in a $9 billion deal.more

CREDAI-MCHI asks the Government of Maharashtra to elongate the stamp duty reduction by another 12 months.

March 24, 2021

The real estate developers’ association CREDAI MCHI urged the Maharashtra government to extend the currently reduced stamp duty to 31 March 2022. It emphasized that the sentiments and registrations of the properties, job creation and overall tax collection for the State were considerably improved after the stamp duty was cut. Representatives of the real estate body that has […]

CREDAI-MCHI asks the Government of Maharashtra to elongate the stamp duty reduction by another 12 months.more