Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
REITs, a new investment avenue in India on the lines of one in developed markets like the US, UK, Japan.
Construction costs would be reduced to some extent and this benefit can be passed on to the customers, thereby spurring home buying
RBI, in its first bi-monthly monetary policy statement, left the short-term lending rate, or repo rate, unchanged at 8 per cent and the cash reserve ratio static at 4 per cent.
This announcement will widen the base of investors, especially mid-sized financial institutions.
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RBI on Wednesday surprised the markets by leaving key policy rates unchanged, notwithstanding persistent high inflationary pressure.
Because of high rents in Mumbai and the response from Delhi, most luxury retail players want to expand in the capital.
As PM talks of lower lending rates, housing companies prepare to cash in.
The sector's performance in delivery also saw a decline -- only 23.5 per cent of the committed units were delivered during the first six months of this year, show data from research firm PropEquity.
Recovery in US gives extra boost to IT/ITeS office deals in Bangalore and the National Capital Region.
The inventory has risen to 83 months in the National Capital Region and 50 months in Mumbai.
According to property consultancy firm Knight Frank, only 19 states and UTs have a functional portal in place, that too with a lot of information dissymmetry across data points
Govt relaxed norms for the floor area ratio and ground coverage for plots.
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
Exchange rates to provide for 5-7% savings in package costs; consultants forecast higher property purchases by Indians; currency depreciation to make education cheaper
Participants are keenly waiting for the January IIP.
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
At least half a dozen are in the works with increasing brand awareness and growing purchasing power in upper classes.
Zinedine Zidane, Donald Trump, Steve Waugh have all lent their name to realty projects in the country.
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.
'Everyone is still trying to understand the quantum of impact demonetisation will have on the economy.'
'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.
India's top metro cities need to improve their infrastructure and other civic amenities too.
It has been a difficult year for Singh, whose fate from the start has been closely tied to that of the Gandhi family.
Anuj Puri, chairman and country head at JLL India explains the dynamics of the city's real estate.
'Prices are rock, bottom, developers are ready to negotiate and banks are keen to lend.'
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.
Launches of new homes reduced drastically this year.
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
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.
The judiciary has started going beyond the technicalities of the agreements and awarding compensation to buyers.
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.
South Mumbai's Bhendi Bazaar is all set for a much-needed transformation.
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