News articles tagged COVID 19 Impact

Is the number of wealthy Indians and NRIs investing in real estate in India experiencing an unprecedented rise?

India's luxury real estate market is booming, driven by rising affluent buyers, NRI investments, and demand for large homes, especially in cities like Mumbai and Goa.

The survey reveals strong post-COVID growth in the Indian real estate market

A survey reveals that the Indian real estate sector is recovering post-COVID-19, indicating strong consumer sentiment and changing preferences in property investment.

Indian Real Estate Market: Over 101 Land Deals Closed in FY24

India's real estate market sees surge in land transactions, driven by luxury living demand, with 58% increase in land deals since 2022, and growing traction in Tier 2 and 3 cities.

Karnataka government's to cut guidance value, can boost property market!

Karnataka Government plans to cut guidance values by December, potentially boosting the property market. A lower guidance value is expected to increase property registrations and government revenue.

6 month extension to builders to deliver projects-MahaRERA

MahaRERA grants a six-month extension to real estate projects due to the pandemic's second wave, invoking the force majeure clause for projects expiring after Apr 15, 2021.

Tamil Nadu government plans to boost revenue via property registrations

Tamil Nadu's Minister for Commercial Taxation reviews strategies to boost property registration revenue post-COVID-19, with measures to streamline processes and enhance efficiency.

Goa Government increases property registration fee by 0.5 to 1%

Goa government hikes property registration fee from 0.5% to 1%, pushing buyers to pay around Rs 74,000 more for registrations. Credai opposes, stating it will affect market demand.

Gujarat government offers property tax waiver for restaurants, hotels, resorts & water parks for FY21-22

Gujarat govt. announced 100% property tax exemption for hotels, restaurants, resorts, and water parks for FY2021-22, alongside revoking flat electricity bills, offering substantial relief to the hospitality sector.

5% Stamp duty on property registrations resumed from 1 April

Maharashtra reverts to 5% stamp duty on property registrations from April 1, with 1% concession for properties in women's names.

Kolkata: NKDA starts special camp to help property taxpayers

NKDA has initiated a special camp to assist property taxpayers in New Town, Kolkata, addressing challenges posed by the pandemic, especially for the elderly.

Pune Real Estate Sales back to Pre-Covid, says report

Pune real estate sales rebound to pre-COVID levels with 3.4% price increase, driven by high-end segment demand. Inventory is at a six-year low.