The return of migrant labourers to their hometowns due to Covid-19 pandemic had created a vacuum in India’s real estate and construction sector. Several projects in the metro cities were held back owing to the exodus. States that have been hit the hardest by the exodus are Maharashtra, Gujarat, Karnataka, Kerala and Delhi. There has been a […]
The return of migrant workers will be the key in reviving real estatemore
Intro: Apex realty body announces festive bonanza to homebuyers by waiving off the stamp duty completely in the state and also on its online portal HousingforAll.com till 31st October 2020 In a move that could benefit homebuyers immensely, revive 250 industries directly and indirectly and at the same time save lakhs of jobs in the state, NAREDCO, […]
NAREDCO Maharashtra developers give a zero stamp duty booster to homebuyersmore
Despite the arrival of Coronavirus, the economy is still the first choice for real estate investment. According to a report jointly released by Housing.com and the National Real Estate Development Council (NAREDCO) Concerned YET POSITIVE – The Indian Real Estate Consumer (April – May 2020), real estate still remains the preferred method of investment. […]
Real estate is still the first choice of Indians – Realty Quartermore
The updated guidelines for ongoing construction projects provided by the Center on April 15 have come as a significant relief to the builders as workers stationed at such sites are now able to begin construction work. The updated guidelines, however, also confirmed that such work cannot be performed in places designated as COVID-19 hotspots. Mumbai […]
Mumbai and Pune city may not get the relief benefit for the construction projects.more
Special guidelines and legislative measures will soon be issued for the real estate industry, including the Real Estate Legislative Act (RERA), to counter this crisis, said Durga Shanker Mishra, Secretary, Housing and Urban Affairs. “We are caught in an unimaginable scenario that has engulfed the whole world in its grip. In these critical days, we […]
Housing Minister: Real Estate will soon get special regulatory measures to get restored the industry.more
A proposal by Naredco body of realtors to give space for COVID-19 quarantine wards in two housing projects in Noida was met with skepticism by residents associations, which said the decision triggered fear among the citizens living there. The Noida administration said it received aid offers from many quarters, but there were stringent public health […]
Noida residents refuse for quarantine units provided by realtors.more
Real estate developers body is looking for a 12-month deferral of housing loan instalments, a 2-year moratorium on project loans, issuance of building plans and other permits that are being supported by payment of fees, and other steps to help the real estate industry in UP and Haryana. The National Real Estate Development Council (NAREDCO-UP) has […]
Developers’ body seeks to defer housing loans EMI for a 12months.more
In order to make home buyers buy property easily by reputable developers, The Confederation of Real Estate Developers’ Association of India (CREDAI) has launched an application. The app helps buyers to find their preferred projects and directly contact developers. The app was launched by Chattisgarh RERA Chief Vivek Dhand and by Minister of Transport, Housing […]
CREDAI launches Awaas app to help buyers find their desired property.more
The real estate industry has urged the government to lower the interest rate on home loans to 7% and to raise the deduction of income tax on interest paid on housing loans to Rs 5 lakh to help revive demand after home sales rose by just 1% in 2019. The industry body National Real Estate […]
Authority demands reduction of interest rate on home loans.more
The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]
RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.more
