Knight Frank and Royal Institute of Chartered Surveyors in their report said that 10 million homes will be delivered by 2022 as targeted by the government.
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.
Modi's demonetisation move has hit the real estate market in Delhi and Mumbai
The RBI has lowered interest rates by 1.25 per cent since January.
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.
Prices in Bengaluru, the National Capital Region, Hyderabad and Ahmedabad, however, witnessed an uptick during the 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.
Given the current global cues, if the next six months do not turn out to be the way we would want it to, we are definitely looking at a very gloomy start to 2016.
Bidders have to deposit a security fee of Rs 25 crore as well as minimum guarantee fee.
Effects of the new schemes launched under the Pradhan Mantri Awas Yojana would be felt more in tier-II and tier-III cities, as not many budget or affordable housing projects are in the works in metropolitan cities.
Falling sales since demonetisation has alarmed CEOs, who want to save cash till the economy recovers.
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.
'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'
Launch of new residential projects in top eight cities -- Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, National Capital Region (NCR) and Pune -- came down by 41 per cent in first half of 2017.
Budget fails to cheer realty players.
Currently, there's a shortfall of 23 million houses in India.
Leasing activities of office and retail spaces would not be affected much.
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.
Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
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The Companies Bill asked for promoting gender diversity by specifying induction of a minimum number of women directors
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
Rera's implementation is patchy across states, and the powers of the regulator to enforce its orders are also limited.
Mumbai and Bengaluru also featured among the list of top five global cites in terms of future rental growth.
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.
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
The inventory has risen to 83 months in the National Capital Region and 50 months in Mumbai.
There is also scope for buyers to negotiate for discounts.
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 trust deficit has widened with buyers losing confidence in a developer's ability to construct and deliver a project on time.
Indebted developers are cutting staff as they slow work on existing projects and postpone new ones until they clear a backlog of 700,000 unsold homes
Modi's party also wants to regulate property markets and tie investor money to specific projects to stop developers diverting cash elsewhere.
The new law would boost home buyer confidence as well as investment in the realty sector.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
New law could pose challenges of cost escalation, increased paperwork, fear developers.
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
No promoter is allowed to advertise, market, book, sell or offer for sale, or invite persons to purchase any plot, apartment or building, in a project without registering with the authority.
Opt for an affordable house on a metro's periphery, invest and wait it out.
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.
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