While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
Nariman Point was ranked 30th on the top 50 rankings for global prime office properties.
Mumbai's alternative business district of Bandra-Kurla Complex was at 18th position.
Hailing clear majority for Narendra Modi-led BJP in the polls, real estate experts on Friday said a stable government at the Centre will help revive the property market.
Demonitisation will facilitate transparency in the real estate industry, which has had a notorious reputation as a safe locker for black money, says Saket Mohta.
The office space absorption in seven cities, Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune, rose 14 per cent during the July-September quarter compared with the year-ago period.
Construction costs would be reduced to some extent and this benefit can be passed on to the customers, thereby spurring home buying
Internet, tech, infra, realty in India might gain
This announcement will widen the base of investors, especially mid-sized financial institutions.
The previous high in quarterly GDP growth was recorded in the January-March quarter of 2015-16 at 9.3 per cent.
Property prices will come down once there is a steady supply in the Delhi market, which could happen in the next three to four years.
With sentiment up, launch of new projects revives, though much dissent on whether this is a real return of a positive market
Tata Housing, Bharti Realty have announced projects near Delhi.
'GST will bring in much needed transparency and higher investments in the coming years and we hope that a few percentage points to India's GDP.'
Realty sector is facing a huge slowdown for last 3-4 years, leading to a significant delays in possession of flats to customers.
The new law would boost home buyer confidence as well as investment in the realty sector.
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
Now, registered projects must disclose a lot of accurate information.
The real estate industry today hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market.
Despite the slowdown, property investments can give them good returns over the long term
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
Some developers point out that what comes in the way of low-cost housing is the sky-high price of land
The captains of Indian industry described Narendra Modi government's maiden budget as one with "the right intent and in the right direction".
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
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