When it comes to registering real estate projects and also concerning grievances, Maharashtra can have the best place between states. Nonetheless, that is where the distinction stops. The state has no information to simplify the purchasing decision for the consumers. The action-taken-report remains missing; moreover, most of the consumers and lawyers are unhappy about the […]
Home sales in India’s financial capital, Mumbai, rose to the highest level in four years, as developers focused on building cheaper homes, according to Anarock Property Consultants. Sales in Mumbai grew by 22% in 2019 amid the continued credit crunch and economic slowdown decreased recovery in housing sales in India’s top 7 cities. The Macrotech […]
According to property consultancy firm Anarock, in 2019, the price gap between ready-to-move-in (RTM) and under-construction (UC) homes has fallen to mere 3–7% in the top seven cities. There is a decline in the price differential between the two categories year on year. The difference in 2018 was around 5-9%, but in 2017 it was […]
The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]
According to an analyst poll by Reuters, The housing market in India, burdened by unfinished projects, as developers struggle to access money, is expected to recover modestly in the coming year on government efforts to unblock the market. The government has approved the 100 billion rupees ($1.4 billion) fund earlier this month to help clear […]
Due to a sustained sales drop and the ongoing liquidity crisis, the number of property developers brought into the bankruptcy court has more than doubled in the past one year. Data from the Insolvency and Bankruptcy Board of India demonstrates for the period of June 30 in which more than 421 realtors were under the […]
By Abhay Shah The fifth consecutive rate cut this year by the Reserve Bank of India is in line with expectations and could probably help boost consumers’ feelings in advance of the festive season, a significant quarter for the selling of real estate. Nevertheless, real estate experts said it was not enough to help flagging […]
By Abhay Shah, Realty Quarter Realities in the marketplace, the continuing liquidity crisis, shifting customer preferences and increasing affordability issues, forced property developers to reconsider their product policies and led them to decrease housing sizes considerably on seven important property markets. Average apartment size dropped from 1,400 sq ft in 2014 to almost 1,020 sq ft in […]
By Abhay Shah, Realty Quarter India’s first real estate investment trust (Reit), Embassy Office Parks Reit, has been able to generate hope for real estate developers seeking to increase funding in the wake of the ongoing liquidity crisis with price growth of almost 35% in the previous six months since its opening in April. Several commercial real […]
By Abhay Shah, Realty Quarter The slew of measures taken by the Modi government to boost housing demand is expected to increase housing sales in the festive season by 5-7%, Anarock Research said in a report. Freebies to attract customers this festive season beginning with Ganesh Chaturthi range from plain vanilla cost cuts, money-saving opportunities […]
