Real Estate Sector

Supreme Court Strikes Down West Bengal Real Estate Law, Calls It "Unconstitutional"

India News | Press Trust of India | Tuesday May 4, 2021

The Supreme Court today struck down West Bengal's law on regulating real estate sector saying it was unconstitutional as the state's statute encroached upon the Centre's Real Estate (Regulation and Development) Act (RERA).

Global Firms To Reinvent Office Space For Life After COVID-19 Pandemic: Report

Business | Edited by Nikita Prasad | Wednesday April 28, 2021

A survey of as many as 400 international businesses revealed that occupiers are trying to revitialise their office spaces, in order to boost employee collaboration and weel being.

Second Wave Of COVID-19 Affected Sentiments Of Real Estate Stakeholders

Business | Edited by Nikita Prasad | Thursday April 22, 2021

The survey showed that the future sentiment score registered a decline from 65 in October-December 2020 to 57 in January-March 2021, due to concerns amid rising COVID-19 cases

Real Estate To Get A Boost After Vaccine Permitted To All Above 18 Years: Experts

Business | Edited by Nikita Prasad | Wednesday April 21, 2021

According to experts from the real estate sector, the move will boost construction activities and address the issue of reverse migration of labourers up to some extent.

'Reduction In Home Loan Rates To Spur Demand For Residential Properties': Experts

Business | Edited by Nikita Prasad | Saturday March 6, 2021

Lower interest rate on home loans: Along with the low-interest rates, banks are providing various offers including discounts on processing fees or special benefits for women customers to lure homebuyers.

Tax Holiday, Debt Financing Of REITs: Key Highlights Of Real Estate In Budget 2021

Business | Edited by Nikita Prasad | Thursday February 4, 2021

Budget 2021 Highlights: Allowing foreign investors to invest in debt of REITs increases the sources of capital, and could help further lower cost of debt for the REIT.

Budget 2021: Government Approves Affordable Housing Projects Till March 2022

Business | Edited by Nikita Prasad | Tuesday February 2, 2021

Budget 2021: The Finance Minister announced the extension of the eligibility period for claiming tax holiday for affordable housing project by one more year to March 31, 2022.

Real Estate Witnessed $4,068 Million Private Equity Investment In 2020

Business | Edited by Nikita Prasad | Sunday January 24, 2021

Out of the total private equity investment in the country, the real estate sector caught an 11 per cent share amounting to $4,068 million with 21 deals closed during the year

Real Estate Sector Seeks Tax Rebate On Housing, GST Waiver, Infrastructure Status

Business | Press Trust of India | Sunday January 24, 2021

Budget 2021: The government had offered Rs 25,000 crore stress asset fund for the uncompleted housing projects, increasing the differential from 10 to 20 per cent under Section 43(CA) till June 30, 2021

Boost Aggregate Demand, Mobilise Higher Non-Tax Revenue, Says Rating Agency

Business | Edited by Nikita Prasad | Friday January 22, 2021

Budget 2021: The major focus of the government to revive the economy amid COVID-19, has been on the supply side, but the focus should now shift to the demand side as well

Union Budget 2021: Upfront Amount of CLSS Subsidy Must be Raised To Rs 3.5 Lakhs

Business | Edited by Nikita Prasad | Monday February 1, 2021

Budget 2021: The credit linked subsidy scheme (CLSS) should be extended by two years up to March 31, 2023, according to international property consultant- Knight Frank

Budget Should Focus On Demand Revival For Real Estate: Motilal Oswal Real Estate

Business | Edited by Abhishek Vasudev | Monday February 1, 2021

Motilal Oswal Real Estate has recommended that in order to focus on revival of demand for the real estate sector, government should increase eligibility limits on home values for affordable housing benefits from the current Rs. 45 lakh to Rs. 60 lakh.

Budget 2021: Reforms Required To Boost Commercial Real Estate Investments

Business | Edited by Nirmalya Sen | Monday February 1, 2021

Budget 2021-22: The Union budget should allocate more funds towards IT infra spends involving digitization of land records in urban areas

Budget 2021: Lower Stamp Duty, Easing Income Tax Norms Needed For Real Estate

Business | Edited by Nikita Prasad | Wednesday January 20, 2021

Budget 2021: Currently, the government offers interest subvention of one per cent for low-cost housing loans up to Rs 15 lakh, provided the housing cost does not exceed Rs 25 lakh

Budget 2021: GST, Rate of TDS On Coworking Spaces Must Be Reduced

Business | Edited by Nikita Prasad | Wednesday January 20, 2021

Budget 2021: The rate of TDS needs to be reduced is it will eventually provide real estate solutions to clients at economical rates, said Mr. Manas Mehrotra, Founder, 315Work Avenue, a coworking firm