Experts attribute this to economy slowdown and political uncertainty with the general elections round the corner.
There was no relief for existing home buyers who are stuck in stalled projects and are paying both rent and EMI on their home loans.
Launches of new homes reduced drastically this year.
As under-construction properties turn riskier, due to slowing sales, a buyer needs to protect his interest in the property.
In a trend that has taken off in a significant way, more and more developers are launching independent floors with lawns and basement/roof terraces in gated communities, to attract buyers, who otherwise opt for builder floors prevalent in the unorganised real estate sector.
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
A special Prevention of Money Laundering Act court on Wednesday issued a non-bailable warrant against Pankaj Bhujbal.
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.
Elections for 19 Rajya Sabha seats spread across eight states will be held on Friday with the contest in Gujarat, Madhya Pradesh and Rajasthan promising to be a close affair between the BJP and the Congress.
The association demanded that the interest rates for developers as well as home buyers should be brought down to boost realty sector, which is facing a slowdown in demand.
'After each election the losers troop to the court with various objections. The general election will not be different.' 'It could be worse if there is no clear majority and the President has to invite the party with the largest number to form the government,' points out M J Antony.
Rizvi's burial took place in Mumbai. Khushi's body was cremated at the Khaswadi crematorium in Vadodara.
Urjit Patel, Binny Bansal, Nirav Modi and Rahul Gandhi personify the big trends that defined 2018. Well, almost...
A bench of Justices Arun Mishra and U U Lalit said, if home buyers are not ready to pay their outstanding amount, then the court will have to bundle up the projects.
Veteran Congress leader Digvijaya Singh and Bharatiya Janata Party candidates Jyotiraditya Scindia and Sumer Singh Solanki on Friday won Rajya Sabha election from Madhya Pradesh.
While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
Some genius assumed that a 2,000 note could seamlessly replace 500s and 1000s in ordinary transactions. If that genius had consulted an actual chai-wallah, he might have thought twice, argues Devangshu Datta.
And ticket redistribution could be that moment, says Nazarwala.
Mr Trump's endorsement is a compelling reason Indians waiting for the Turnaround that is Just Around the Corner shouldn't take him too seriously.
Builders were questioned on unfair trade practices.
Around 25 per cent of the international real estate market in London also belongs to Indians with investments around 1 billion pounds.
Channel partners have started adding more value in marketing and sales. They are increasingly acting as advisors -- sales professionals than brokers.
'Sachin Pilot once calculated that with a million Indians flooding the labour market every month, only an additional 12 million jobs annually could keep unemployment at the same level.' 'That's chickenfeed for the functionaries who cram my e-mail inbox every day with such a constant flow of job offers that trying to empty it is like trying to drink dry the horn connected to the ocean in Norse mythology,' says Sunanda K Datta-Ray.
'In the new Bollywood, where success can translate, like a chain reaction, into gains in related fields, mere appearance on the screen is no longer a guarantor of fame,' says Vikram Johri.
'In a gang, the person who controls the finances is the most important key person.' 'Cut the finances of a gang and it will vanish.'
CREDAI Chairman Lalit Jain said a long term status quo on interest rates would not help prospective home buyers.
It is expected to bring transparency and reinstate consumer faith in the industry, says Brotin Banerjee.
It has brought down the minimum capital requirement to $5 million from $10 million.
The Goa police has launched a search for the builder and contractor who have gone missing following the building collapse in Cancona which left 13 people dead.
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
Provisions of long-term capitals gains tax is now applicable after only two years.
When Vadodara businessman P Radhakrishnan was told he could not get his bag back when he was offloaded from a flight in the US, he asked the ticketing agent a question. The next thing he knew, he was under arrest, accused of 'terrorising.'
Barely a week after Infosys co-founder and Chairman of the Unique Identification Authority of India Nandan Nilekani made known his intentions of fighting the elections he is facing opposition from within the Congress party.
Goa Police has registered an FIR against several persons, including government officers who were allegedly involved in clearing the controversial five-storey project comprising 80 flats.
Increase in service tax would make properties costlier to buyers.
Advertisers look at large families as target audience and speak to the 50-year old plus.
The party also nominated six others, including former Union minister Beni Prasad Verma, an influential Kushwaha leader who recently quit Congress and returned to the Samajwadi Party, and realtor Sanjay Seth for the biennial polls scheduled next month.
The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
