Of this, nearly 80 per cent of demand is expected to come from the Rs 300,000-500,000 segment, it said. Over 32 per cent of potential buyers are looking at making purchases in the next 6-12 months. The highest requirement is from Mumbai and the NCR, which require 0.4 million units and 0.54 million units, respectively, with corresponding investment of Rs 64,700 crore (Rs 647 billion) and Rs 87,600 crore (Rs 876 billion).
A day after the Reserve Bank of India (RBI) raised the benchmark repo rate and cash reserve ratio (CRR), leading property developers said they are mulling hiking prices of apartments and focusing on the affordable housing segment to counter the impact of a high interest rate regime.
The return of private investment now struggles with lack of funds and election-driven uncertainty.
Durable, automobile and real estate players have been lobbying hard for a tax cut, saying it will boost demand.
Growth of capital goods at 9.6 per cent is inspiring as the investment cycle is expected to rebound in the coming months.
Rising interest rates and an 'overheated market' are stabilising residential property prices in some key pockets, but a steep correction is unlikely.
The best of India's brains are instead busy solving the world's problems (I deliberately exaggerate a bit to drive home the point), as our policies incentivise them to do so.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
Realty firm Omaxe on Wednesday said it will launch 10,000 low-cost homes in Indore next month, which would be developed at about Rs 1,000 crore (Rs 10 billion).Omaxe would soon launch housing projects at Rs 12-19 lakh at Faridabad, Greater Noida and Ludhiana.
There is a high demand for IT professionals who can envision, design and develop applications for the future.
Correa played a defining role in developing architecture of post-Independence India and has designed some of the most outstanding structures.
Despite the absence of any notable price growth, transaction volumes are picking up in major Indian cities. The surge in sentiments is also backed by a significant rise in transparency in the industry.
Expect Modi to speak about internal security, terrorism, agriculture, the Triple Talaq Bill, the SC/ST Bill and, of course, the controversial NRC.
In a conversation with Vishal Chhabria and Hamsini Karthik, Gautam Chhaochharia, executive director & head, India Research, UBS, explains why implementing goods and services tax (GST) may not be as disruptive as many perceive it to be. But, he warns investors shouldn't have high expectations on corporate earnings.
Entry of a higher number of technocrats, an appraisal system for civil servants and the benefits of changing the financial year may feature in the PM's fourth speech.
'Event management can distract from, but not permanently mask, execution failures,' points out Rathin Roy, director, National Institute of Public Finance and Policy.
The RBI projection of 6.9 per cent GVA growth for the current fiscal comes on the back of the Economic Survey last week forecasting economic growth of 6.5 per cent.
Tax administration could be improved to reduce discretion and improve accountability
'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.
Reserve Bank allowed banks to invest in long-term infrastructure bonds.
As part of Slum Land Rights Act, the project will benefit a million people residing in 2,500 slums across the state over the next few years
The 'Indian story' will be badly damaged if the Modi government is not re-elected, argues investment banker Christopher Wood.
The government should have mentioned clearly the specific structural reforms that were responsible for the deviation from the fiscal deficit target by half a percentage point, says A K Bhattacharya.
Combined sales at top four manufacturers - Tata Motors, Ashok Leyland, Volvo Eicher Commercial Vehicles, and Mahindra and Mahindra - dropped 20 per cent to 20,324 units in November
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
The Bengal CM said, The Narendra Modi government has created a situation in the entire country which is worse than Emergency.
State Bank of India hikes lending rates, and other banks pick up the signal.
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
International Finance Corporation will put in $200 million and HDFC will contribute $600 million to create $800-mn corpus for affordable homes
Costs on real estate construction are seeing stability.
Renderlogy, an interior designing technology start-up, has a few initial hurdles to overcome before scaling and plunging into the larger market.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
Levying buyback tax at a flat rate of 20 per cent (plus applicable surcharge and cess), irrespective of the period for which shares are held will be a dampener for equity shareholders who take inherent risks while investing, says Hitesh D Gajaria, partner and head of tax, KPMG in India.
A fall in home loan rates since last September as well as a few provisions in the Union Budget 2016-17 are working in favour of the home buyers, says Rajiv Raj
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.
'This year's Budget didn't give into populist measures everyone was expecting after demonetisation, so I think that was a positive step.' 'Hopefully the Budget will continue in the way it has been.'
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
In the quarter ended September 30, the Pirojsha Godrej-led firm recorded Rs 492 crore net sales, up 49% year-on-year
He would not be part of the day-to-day activities of L&T in his non-executive role. He would, however, be there at important company events.
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