The Central government has recently launched an important scheme for people living in rural areas. Its name is the Government’s ‘Ownership Scheme’. Prime Minister Narendra Modi launched the scheme on 24 April 2020 on National Panchayati Raj Day. They will be given property cards. Introducing the scheme, the PM distributed property cards to some people. […]
What is the Government’s “Ownership Scheme”?more
Knight Frank India, a property consulting company, said the average prices of homes in the six major cities of the country declined by two to seven per cent during July-September. These cities are Delhi-NCR, Mumbai, Chennai, Pune, Kolkata and Ahmedabad are included. However, the average house prices in Bangalore and Hyderabad rose by three and […]
Prices of houses reduced by 7% during July-Septembermore
ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]
ICRA predicts overall real estate inventory to decrease by 40-60%.more
Recently, the owner who leased his four-story building at the Regional Office of the HDFC Bank in Indore paid a 20% lower rent from the HDFC Bank. The landlord had no choice but to accept this since he could not know whether he could get another customer to occupy all four floors of the building. […]
HDFC bank pays 20% less rent to the landlord due to pandemic lockdown.more
On August 23, the MCG sealed two properties for non-payment of property taxes of around Rs 22 lakh. The first property is located in Sector 32, with dues of Rs 12.07 lakh, the second in Sector 49, with dues of Rs 10 lakh, officials have stated. The sealing process follows the orders of MCG Commissioner […]
Gurugram civic body gets an order to seal 10 properties in a week for non-payment of property tax.more
Union Minister Hardeep Singh Puri said on Tuesday that approximately 3.65 crore jobs would be created in the development of apartments and houses approved by the country’s Pradhan Mantri Awas Yojana (Urban). Puri further said 1.65 crore jobs have already been generated under the PMAY (U), during a webinar, arranged by the Confederation of Indian […]
Housing Minister notifies about 3.65 crore jobs creation through the PMAY-Urban.more
India’s pandemic-crushed in and around Bengaluru and Hyderabad commercial property renting market that is being sprouted up by deals also major cities such as Mumbai and NCR see changes going back to normal. Negotiation with builders is done by Apple for a 350,000 sqft office space in Bengaluru which will work its global markets, and […]
Apple is likely to get 3.5-lakh sqft of office space in Bengaluru.more
India, Noida, August 2020: Beating the odds during COVID 19, Spaciya Advisors, NOIDA based real estate consultancy firm has achieved a milestone of leasing 1.5 lakh square feet of office spaces in NCR since relaxation on lockdown. Spaciya negotiated up with several real estate developers across NOIDA to give hefty rental discounts to the tenants. […]
Spaciya Leases 1.5 Lakh Sq. Ft. Since Lockdownmore
Zooming through numerous webinars on the revival of real estate sector one should have noted that prominent recommendations included goods and services tax (GST) input credit, a reduction in GST rates, a reduction in municipal charges, limited period zero stamp duty, etc. to revive the industry. There is no question that several of these steps […]
Can a government relief really going to revive the real estate sector?more
India is considering a relief package for Goods and Services Tax (GST) to fight Covid-19’s effect and help support the economy, said people with knowledge of the issue. The package under consideration could include a six-month suspension of GST payments for the worst-hit sectors such as restaurants, aviation and hospitality and a lower rate for […]
Government to consider GST relief package to aid with the impact of COVID-19.more
