Gurugram exploded onto the real estate scene in the early 2000s, with products aimed chiefly at DINK couples or MNC employees. Even at that time, the prices were comparable to many houses in Delhi NCR today. Moreover, it benefited from its closeness to the international airport, which was well-marketed. Now, the city has evolved into…

Despite the  Corona pandemic setback, the strong pipeline of new residential launches across India during the second half of the year, raises hopes of revival and growth of housing in this year.   The housing industry statistics have established a 51% rise in new launches in the March quarter of this  year. According to a report by…

COVID-19 disrupted and disgruntled the functioning of multiple industries, every business was subjected to the challenge of evolution as per the changing social scenarios. The worst impacted industries were those involved in discretionary sales, as pandemic made each individual introspect and contemplate upon his future assets, savings, risks involved and security of investment. Amid this…

RBI’s latest bimonthly monetary policy that maintains status quo on the policy rates with continuing accommodative stance in the wake of Covid 2.0 challenges, will bode well for the growth of residential realty.   It’s the sixth time in a row that RBI has kept the benchmark repo rate unchanged at 4%. Consequently, the reverse…

The Rs 350- 400 crore annual stamp duty revenue boost to Gurgaon Metropolitan Development Authority (GMDA) will provide leeway to the apex development agency to undertake infrastructure development in Gurgaon.   The decision of the Haryana Urban Local Bodies Department about sharing of the stamp duty charges between GMDA and the Municipal Corporation of Gurgaon (MCG) has…

Affordable Housing under Haryana Government’s Affordable Housing Scheme has got a new boost with the draw of allotment  going digital.   The Department of Town & Country Planning (DTCP) in Haryana has taken a new policy initiative to streamline the process of allotment of affordable homes through the introduction of digital draw system. As per…

The global pandemic brought to fore the importance of real estate, especially, the residential segment. It is not that in the pre-COVID era, people were not purchasing homes. In fact, there was an upsurge in the younger generation showing interest in home buying than ever before. Millennial, who favour rental rather than self-owned homes, started…

Even the fence-sitters have started homes since the pandemic; these buyers are looking for 2 or 3 BHK houses that won’t break their bank. People have grasped the significance of living in gated communities to keep safe and healthy, and this pattern is evident. The fact is not hearsay, but numerous researches done across major…

The Centre’s nod to Model Tenancy Act will help create adequate rental housing stock for all income groups, especially benefiting affordable housing. The Act aims at creating a vibrant, sustainable and inclusive rental housing market in the country.It will  put an end to the illegal rental market . Instead, it will help formalise the rental…

RBI’s latest bimonthly monetary policy that maintains status quo on the policy rates with continuing accommodative stance in the wake of Covid 2.0 challenges, will bode well for the growth of residential realty.   It’s the sixth time in a row that RBI has kept the benchmark repo rate unchanged at 4%. Consequently, the reverse…