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Akshay Taneja, MD, TDI Infratech said that RBI s steps are unlikely to provide a significant lift to the market, but they are expected to provide downside support and enhance investor confidence. ....
Realtors welcome RBI latest stance, expect relief initiatives in next announcement equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Fractional ownership providing boost to Commercial Real Estate equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Synopsis “Gurgaon deals will be hampered, especially in the ready-to-move in property segment, where the buyer has to pay the stamp duty on transaction. At this time, when people are consolidating their real estate portfolio into a better upgraded home to live in, this move might push home buyers towards under construction apartments, where registration of property is 3-4 years away,” said Anubhav Jain, CEO, Silverglades Group. Agencies With the latest imposition of additional taxes, Haryana s markets would crash due to the additional financial burden being placed on buyers. Haryana government’s plan to impose 2 percent additional duty on transfer of immovable properties, will put Gurgaon’s real estate market at a disadvantage, according to property developers. ....
The Delhi government on Friday cut circle rates by 20 per cent, a move that will bring down the exorbitant property prices in the capital city. The new order includes all types of properties across the city. According to sources, it is aimed at boosting property transaction in the market that has been subdued for the past few years. “Moreover, its timing is crucial, given the fact that the elections for the Municipal Corporation of Delhi is due next year and it is currently being governed by the Bharatiya Janata Party,” said a senior industry leader and political activist. Real estate developers and industry stakeholders welcomed the Aam Aadmi Party-led government’s move. They said the reduced circle rates would translate into lower valuation of real estates and help interested buyers, who were otherwise left out due to the high property prices in the capital. ....