Falling sales since demonetisation has alarmed CEOs, who want to save cash till the economy recovers.
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.
Consultants say at Rs 1,442 a sq ft, the developer has got a good bargain.
Chinese companies who were actively pursuing business opportunities in India have adopted a wait and watch approach following the Chinese government clampdown.
Karan Choudhury reports on the implications of the strict Real Estate (Regulation and Development) Act and the prosecution of Unitech MDs, Sanjay Chandra and Ajay Chandra, in an alleged fraud case.
Currently, there's a shortfall of 23 million houses in India.
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.
GST rates on under-construction houses maybe reduced from 12 pc with input tax credit to 5 pc without ITC. Similarly, the rate for under-construction affordable houses could come down to 3 per cent without input tax credit, from the current 8 per cent.
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.
Realtors expect BMC's 'single window' clearance to be a game changer, leading to correction in property prices.
Leasing activities of office and retail spaces would not be affected much.
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.
Approaches Morgan Stanley, GIC and Blackstone
Consolidation is happening because of a prolonged slowdown in residential sales which has also brought down the business of brokerages.
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
After winning the Indian Premier League for the fourth time, Chennai Super Kings skipper Mahendra Singh Dhoni remained tight-lipped on his participation in the next year's edition of the cash-rich Twenty20 tournament.
Call it an expectation of revival in the real estate market or improving liquidity, bulge bracket property deals have made a comeback in the country's commercial capital.
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.
RLDA is a statutory authority established by the ministry of railways for generating non-fare revenue from railway land.
High interest rates and prices mean low affordability. Also, developers have huge inventories.
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.
Mahendra Singh Dhoni in his inimitable style kept questions on his IPL retirement open-ended but did admit that a lot of things will depend on the kind of retention policy that BCCI puts in place for the big auction next year.
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
Realtors are still flexible with buyers' demands.
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.
The inventory has risen to 83 months in the National Capital Region and 50 months in Mumbai.
In the backdrop of incidents of police violence against black youths in the US, the latest Batman series issue sees the caped crusader battle police brutality rather than the likes of Joker or Two-Face.
'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'
Heath Ledger steps into Jack Nicholson's shoes. And makeup.
All-rounders in Indian cricket are a rare commodity and the newest entrant to the club, Venkatesh Iyer, knows only too well that he has to keep his focus on both aspects of the game in order to remain relevant.
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As returns decline, with extent and time horizon uncertain, some of these investors look to shift to safer zones
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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.
Zero Dark Thirty works as an action movie, writes Raja Sen.
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
Tamil Nadu all-rounder M Shahrukh Khan had a base price of Rs 20 lakh but Punjab Kings happily shelled out a huge sum to secure his services
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.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
With prices unlikely to run up sharply, genuine buyers can start readying deals before the festival season starts.
Rera's implementation is patchy across states, and the powers of the regulator to enforce its orders are also limited.
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