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.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
Launches of new homes reduced drastically this year.
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'Prices are rock, bottom, developers are ready to negotiate and banks are keen to lend.'
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
It's not easy to ignore the newspaper ads with Diwali offers.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
The top posts on social media from your favourite Bollywood celebrities.
South Mumbai's Bhendi Bazaar is all set for a much-needed transformation.
Every day at 9 am, five 20-somethings who live in a 4-bedroom apartment in Bengaluru have a session with their physical trainer. After a workout, they spend the next 8 to 10 hours in their spacious living room, headphones in place and computer screens in front of them. Their salaried job: To play video games for the rest of the day.
The film sacrifices sense for style, feels Sukanya Verma.
Urban Indians are developing a taste for freshly brewed and bottled craft beer.
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