While the inflation in real estate industry is unprecedented, the government has done a lot to check the incresing prices, says Gulam Zia.
The Reserve Bank of India's recent move will make home loans up to Rs 20 lakh cheaper. But that would be just good enough to buy you a house in Tier-II and Tier-III cities.
Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
Government officials be under confusion.
Durable goods companies and retailers say online sales won't compensate for the fall in offline sales.
The rentals in central business districts (CBD) of New Delhi are likely to witness a 10-15 per cent rise by 2005 with the starting of the metro rail service, according to a real estate consulting firm.
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The Companies Bill asked for promoting gender diversity by specifying induction of a minimum number of women directors
The average home prices in Mumbai have touched Rs 12,000 per sq ft
The total demand has remained subdued mainly due to high interest rates and property prices.
Shift to new business model to help companies cut capital cost, increase margins.
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
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
There is also scope for buyers to negotiate for discounts.
Unless security is given paramount importance, it is difficult for real estate activity to pick momentum in J&K.
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As home deals are down to a trickle, most are looking at life beyond broking.
The RBI has lowered interest rates by 1.25 per cent since January.
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 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.
National Capital Region and Bangalore's property prices are more reasonable.
HFCs and banks expect a drop in demand for housing loans in the short-term.
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.
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.
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.
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.
In the quarter ended September 30, the Pirojsha Godrej-led firm recorded Rs 492 crore net sales, up 49% year-on-year
Chinese companies who were actively pursuing business opportunities in India have adopted a wait and watch approach following the Chinese government clampdown.
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
Analysts say worst seems over but RBI's helping hand needed in form of rate cuts.
Launches and sales of house property have seen a continuous drop.
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.
Looking for a way out, property developers deal in banned notes.
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
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.
