Housing deals up 95% in April-June quarter of 2021 because of low base impact
MMR and Pune cities saw the highest pick up in sales as they accounted for 46% of the total sales of Q1 2021.
However, when compared to the previous quarter, sales dropped 58% to 24,570 units across seven Indian cities.
Last year due to complete lockdown imposed across the country to restrict the spread of the coronavirus, sales in the real estate sector dropped to a record low
Instructions to settle on purchasing a house
In the course of recent months, numerous private and public area banks have cut their lodging advance financing costs to record lows. Truth be told, home advance rates across banks are at decade lows at this moment. For youthful experts Swati and Amit Mehta, even a little decrease of 1% can emphatically affect their choice of purchasing another house. As an extra motivating force to planned homebuyers, a few banks are offering concessions or waivers on preparing expenses, and a few designers have been giving limits.
Mumbai property enlistments bounce 327% in June
Mumbai property enlistment bounced 327% in June contrasted with a similar period last year. Of this, 42% of enlistment were of new properties, as per a report by a property expert.
Stamp duty decrease liable to work on homebuyers supposition : Consumer Poll
The government-led initiatives like reduction in stamp duty is likely to significantly spur housing demand as more than 80% prospective buyers are of the view that such a move by their respective states can influence them to buy a house, showed the latest Magicbricks Consumer Poll.
MahaRERA plans to amend rules governing home sale agreements
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to amend the rules governing sale agreements between homebuyers and realty developers to reduce the scope of litigation.
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