Budget a big boost for affordable housing segment

Budget has proposed an additional deduction of Rs 1.5 lakh for interest paid on loans borrowed up to end-March, 2020 for purchase of an affordable house, valued up to 45 lakh. The Union......

Office space sees hot demand, residential stagnant

Acche din seems to have come for office property. Demand for Grade A office space is rising in Bengaluru, Hyderabad, Kolkata and Mumbai, according to property consultant Jones Lang LaSalle India.......

Scrapping of development plan to hit home supply in Mumbai

The Maharashtra government’s move to scrap the draft development plan for Mumbai and its revising could hit supply of new housing projects. This would push up property prices in the......

Office rents to rise 5-10% in Mumbai, Southern cities

According to JLL, Mumbai absorbed 5.46 million sq ft or 18 per cent of total office absorption in the country. Image: Corporates may have to pay more for rentign an office space in Mumbai.......