Ready apartments likely to see more traction in Maharashtra post stamp duty cut, Real Estate News, ET RealEstate

MUMBAI: The reduction in stamp duty charges in Maharashtra for a limited period until March end is expected to push sale of ready-to-move-in apartments in key markets of the state as that would also offer the benefit of exemption from the Goods & Services Tax (GST). On Wednesday, the state government reduced the stamp duty […]

MMRDA decides to allot BKC land parcel to Indian Oil Corporation, Real Estate News, ET RealEstate

MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has decided to allot Indian Oil Corporation (IOC) a 400-sq m plot in Bandra-Kurla Complex (BKC) next to the land parcel on which the company has constructed its registered office building. Indian Oil’s registered office building stands on a 1,200-sq m plot in BKC’s C-50 zone that […]

About 65,000 housing societies’ polls pushed to March 2021, Real Estate News, ET RealEstate

MUMBAI: The existing management committees of the housing societies, that are already enjoying extensions since a couple of years in the absence of election rules and the subsequent Covid-19 pandemic, will govern society affairs at least till March 2021. A state government ordinance issued recently has given six-months period to constitute the new committee after […]

Nearly 50% of unsold residential inventory faces high execution risk, Real Estate News, ET RealEstate

MUMBAI: Nearly 50% of unsold housing inventory across India is facing the risk of being delayed or is susceptible to price correction. More than the risk price correction; the risk of default in execution poses a bigger challenge for Indian real estate, showed a stress test conducted by Liases Foras Real Estate Rating & Research. […]

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