What is the Dodd Frank Act?

The Dodd-Frank Wall Street Reform and Consumer Protection Act, or simply ‘Dodd-Frank’ act, is regarded as the most comprehensive piece of financial reforms since the Glass Steagall Act which was introduced to regulate banks after the 1929 stock market crash. Named after the two lawmakers who created it : Senator Chris Dodd and Representative Barney Frank and signed into law by President Obama in 2010, the Dodd-Frank act was enforced to regulate the financial markets and protect consumers post the 2008 financial crisis and to prevent such crisis roll back in the future. (more…)

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Why is more Real Estate being sold in Mumbai despite the pandemic?

One would like to think that since the pandemic took place and a lot of people lost their jobs, that actually lesser people would be buying homes (specially in upper end markets like Mumbai). Well, you would be very far away from the truth!

Mumbai has seen record Real Estate deals happening in the last quarter of 2020. The registration of residential properties in Mumbai jumped over two-folds in December to 18,854 units compared with November. In November, total registrations stood at 9,301 units. The registration in December 2019 stood at 6,433 units. (more…)

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