Prestige Estate Project ltd Share Value

Prestige Estate Project ltd Share Value Drop by 2.19%







2021 is the year we have been looking forward to bringing what we learned in 2020, to practice. The year 2020 was full of self-reflection, making positive, permanent changes to life, forming habits that are good for our mental health as nature healed itself from all the toxins it has been put through for years.

Government took notice of the RERA deadlines and gave an extension by 06 months.
The Karnataka government reduced stamp duty for new housing projects from 05% to 03% on properties valued under 35 lacs.

Properties valued under 20 lacs were reduced to 02% stamp duty fee.
It urged banks and financial institutions to provide moratoriums on existing customers’ loans. This will motivate new buyers and restore their faiths in the loan providers.
Real estate went physical to digital during the course of the lockdown. Digital meetups and video tours were introduced keeping the social distancing guidelines in mind, cutting down travelling costs and actually giving buyers the freedom to take video tours in any cities of their choice.

Bangalore realty had a different progression during the course of the nationwide lockdown. While some reports suggest that Bangalore real estate had wound up itself in the Covid wildfire that affected the top eight real estate markets in India, few correspondence reveal Bangalore actually witnessed an upsurge in new project launches like The Prestige City and home sales right after the lockdown was lifted. It was since August the piled-up housing units that buyers thought of waiting up on, started to get sold off expeditiously.



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