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The announcement was made while presenting the Karnataka state Budget for 2021-22 in the State legislature by CM Yediyurappa, who also holds the finance portfolio. While the move does carry a feel-good factor, experts believe that it will not give a significant boost to housing sales in Bengaluru on the lines of what was seen in Mumbai as Maharashtra had reduced stamp duty for properties across all budget segments - not just one category. "The fact is that housing demand in Bengaluru is largely skewed towards the mid-segment, involving properties priced within the Rs 50 lakh to Rs 1 crore budget range. For these properties, the stamp duty charges remain the same at nearly 5 percent, said Anuj Puri, Chairman - ANAROCK Property Consultants.
If you intend to buy a house with a loan, this may be a good time to do so. Interest rates on home loans are at decadal lows right now, with some banks offering credit at 6.5%. You can avail a bank loan of up to 80% of the property value, though the paperwork can be quite tedious. The year 2020 was good for investors. Gold shot up due to the global uncertainty, stock markets crashed but later bounced back to touch new highs while bonds gave decent double-digit returns. The only exception was real estate. According to a survey, real estate prices in top cities declined by 2-9% and property searches dipped 27% in the first quarter of 2020-21 due to the Covid-induced lockdowns.
Real estate players said on Monday the Union Budget 2021 contains several measures to strengthen infrastructure and attract investments for kickstarting the economy amid Covid-19 pandemic. New Delhi: Real estate players said on Monday the Union Budget 2021 contains several measures to strengthen infrastructure and attract investments for kickstarting the economy amid Covid-19 pandemic. Shishir Baijal, Chairman and Managing Director of Knight Frank India, said the Budget announcements relating to monetisation of infrastructure and real estate assets will help increase private sector participation.
The Covid-19 outbreak has, undoubtedly, brought about a significant halt to global business cycles and economic activities. Millions of people across the globe have been affected due to this pandemic, and it has impacted various sectors, including real estate that faced disruption. Still, there is also a hope for recovery. The market is slowly getting back on track, and according to market sources, Bangalore’s real estate market will bounce back faster as compared to the other markets.
Brigade Woods is beautifully surrounded by greenery serene with 17 different species of flora and peaceful atmosphere for living. The project is Situated in the most demanding location of East Bangalore; Whitefield, sure to attract many home seekers and investors. The residents of Brigade Woods will also enjoy a number of world class amenities like indoor badminton court, table tennis room, multi-purpose hall with pantry space, billiards, av room, gym, convenience store, board & card games area, terrace party area, rainwater harvesting pond, kid's play area, open lawn, swimming pool, tennis court, basketball and rejuvenate every moment to live with their loved ones. The project is strategic featured by the choice of 3 BHK, spread across 6.23 acres with G+4 floors.
Prestige Augusta Golf Village is a Twin Houses & luxury Villas property by famous Real Estate Firm Prestige Group. It presents a luxury home by fully equipped clubhouse, amenity and designed around a 9-hole Golf Course, dedicated a large portion of land area for Golf Course, Greenery, landscaping and water bodies.
SOBHA Royal Pavilion is a splendid testimony to this great country’s regal past. It is a fitting tribute to the architectural style patronized by emperors of Rajasthan and comes adorned with intricate carvings, wide arches, beautiful Jharokha and jaalis, grand galleries, gorgeous gardens, alluring courtyards and stylish pavilions. It heralds a renaissance of classical Indian art and architecture for the coming generations to cherish and take pride in.
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