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Real Estate News: January 2022
Real Estate News: January 2022
Rs 15k-cr PPP opportunities in smart city projects, says Housing Ministry
As many as 160 public-private partnership (PPP) early stage projects worth Rs 15,000 crore are available in various smart citie ..
Positive sentiment score in real estate hit record high in Dec qtr: Report
The sentiment index score for India’s real estate sector remained positive and touched an all-time high during October-December quarter, while stakeholders showed “prudent optimism” in their outlook for the next six months amid rising cases of coronavirus, according to a survey
Builder Can’t Levy Maintenance Charge On Flat Purchasers Without Obtaining Occupancy Certificate: NCDRC
The National Consumer Disputes Redressal Commission (NCDRC) has recently held that in the absence of obtaining an occupancy certificate, maintenance on the project cannot be charged from the buyers.Presiding Member S.M. Kantikar and Member Binoy Kumar directed the builders to pay a delay compensation………
Budget 2022: Surcharge cap on consortiums to help realty, infra joint development pacts
“In the globalised business world, there are several works contracts whose terms and conditions mandatorily require formation of a consortium. The members in the consortium are generally companies. In such cases, the income of these AOPs has to suffer a graded surcharge up to 37%, which is a lot more than the surcharge on the individual companies,” finance minister Nirmala Sitharaman said in her budget speech on Tuesday.
Institutional investors pumping more capital into residential realty
Institutional investors have started to invest more money in residential real estate because of better sales momentum in this part of the market.
The combination of key factors, such as record-low interest rates, pandemic-driven realisation of the need for home ownership, developer incentives, and increased buyer confidence, bodes well for the residential sector.
In addition, institutional investors are taking recovery into account when they put their money into the right project