Discounts up to 15% expected this festive season; analysts expect October-December period to garner sales of at least 60K units across seven major cities.
In the quarter ended September 30, the Pirojsha Godrej-led firm recorded Rs 492 crore net sales, up 49% year-on-year
The marginal increase in absorption is expected to be accompanied by a drop in the number of new launches by 8 per cent to 72,113 units during 2014.
While student housing, retirement homes, and co-living spaces are going to be new realty growth drivers, Parekh also said foreign investors have also been investing in a big way in good commercial projects, while warehousing is another segment where they are showing keen interest.
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
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.
Declining vegetable prices brought down the retail inflation to a 15-month low of 4.59 per cent in December and within the comfort zone of the Reserve Bank, government data showed on Tuesday. It is for the first time during the current fiscal that the Consumer Price Index (CPI) based inflation print is below 6 per cent or in the RBI's target range of 2 to 6 per cent. The central bank factors in the CPI-based inflation while arriving at its monetary policy. The inflation in December 2020 came down from 6.93 per cent in November, mainly on account of 10.41 per cent decline in vegetable prices over the year-ago period.
Mumbai metropolitan region, comprising Mumbai city, Navi Mumbai and Thane, leads the pack (in delayed projects) with 210,000 units at an approximate valuation of Rs 2.34 trillion.
According to Knight Frank, in the second half of 2015, launches will be down 52 per cent (from 37,643 in the second half of 2014) to 18,000, while absorption will improve 24 per cent.
The inventory has risen to 83 months in the National Capital Region and 50 months in Mumbai.
Analysts say worst seems over but RBI's helping hand needed in form of rate cuts.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
HFCs and banks expect a drop in demand for housing loans in the short-term.
Only double-income households can buy flats in India's top 8 cities, except Mumbai
Tracking a smaller number of taxpayers with a high income base and using data from millionaire surveys and purchases of high-end cars and houses can make the tax department more efficient.
A revival in the sector is still 12-18 months away: Experts
Realty sector is facing a huge slowdown for last 3-4 years, leading to a significant delays in possession of flats to customers.
Real estate biggies expcet single window clearance for upcoming projects.
'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'
Consultants say at Rs 1,442 a sq ft, the developer has got a good bargain.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
Harbhajan Singh said he is not averse to joining politics but would like to put in a lot of thought
The new law would boost home buyer confidence as well as investment in the realty sector.
Bengaluru's average home prices are Rs 4,000 a sq ft.
Rera's implementation is patchy across states, and the powers of the regulator to enforce its orders are also limited.
Consolidation is happening because of a prolonged slowdown in residential sales which has also brought down the business of brokerages.
Realtors expect BMC's 'single window' clearance to be a game changer, leading to correction in property prices.
The trust deficit has widened with buyers losing confidence in a developer's ability to construct and deliver a project on time.
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
Realtors are still flexible with buyers' demands.
RLDA is a statutory authority established by the ministry of railways for generating non-fare revenue from railway land.
Real estate developers are banking high on ultra-luxury projects.
The deal for 800,000-square foot plot in Gurgaon's Infospace Tikri SEZ is likely to improve real estate absorption rate, which has seen some upside recently.
120 new malls came up in last two years, but 30-40 of their older peers downed shutters
Bengaluru-based developers, such as Puravankara Limited and Sowparnika Projects, have witnessed over 85-90 per cent of their customers being first time buyers or end users.
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.
Exchange rates to provide for 5-7% savings in package costs; consultants forecast higher property purchases by Indians; currency depreciation to make education cheaper
Goldman Sachs, Morgan Stanley and JPMorgan, the three bulge-bracket banking groups of the US, are likely to get active in Indian real estate after a long gap, according to executives with property funds and consultancies.
Opt for an affordable house on a metro's periphery, invest and wait it out.
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On Wednesday, RBI reduced the cap on individual remittances abroad from $200,000 (about Rs 1.2 crore) to $75,000 (Rs 45 lakh) and also barred individuals from using funds under the scheme to buy immovable properties abroad.
