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Housing sales may rise 30% in 2021; to remain below pre-Covid levels: Report

NEW DELHI: Housing sales are likely to rise by 30 per cent across seven major cities to nearly 1.8 lakh units in 2021, but demand will still be lower than the pre-Covid levels, according to property consultant Anarock. According to Anarock research, housing sales are expected to increase 30 per cent year-on-year (y-o-y) to 1,79,527 units …

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Karnataka assembly passes bill slashing stamp duty by 2% on flats priced below Rs 45 lakh

Revenue Minister R Ashoka said lakhs of flats in Bengaluru and in other cities have remained unsold due to the distress caused by the Covid-19 pandemic. The stamp duty reduction, he said, will help both the real estate sector which is struggling with a pile of inventory as well as low-income group families. The State …

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Indospace plans 64 acres park in Bangalore

Indospace is expanding its footprint in the South and plans to develop a 64 acres park in Narasapura, Bangalore. The park will boost IndoSpace’s footprint in the manufacturing and industrial destination of Karnataka, cater to the warehousing requirements of companies across sectors such as automotive, engineering, electric vehicles, e-commerce, and FMCG, amongst others. “By offering …

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