The 7th Pay Commission has been notified and the salaries of central government employees and pensioners, are set for a major revision. This is likely to boost demand and liquidity in the real estate … READ FULL STORY
Shapoorji Pallonji Real Estate is planning to launch at least six projects in the financial year 2017-18, with two of these projects under the ‘Joyville’ brand to build affordable homes, the group has announced. … READ FULL STORY
MahaRERA chairperson Gautam Chatterjee, recently revealed that the state regulator had received 30 complaints so far, on which the hearing process had started. “These complaints mainly pertain to delays in project completion,” Chatterjee said, … READ FULL STORY
Realty prices in the country, have been impacted by various factors over the past year, such as the GST, RERA, demonetisation and the support to affordable housing. Experts point out that property prices were … READ FULL STORY
For decades, independent India peacefully lived with the concept of perpetual leases, inherited from the colonial era. Today, India is a country under construction. However, the governments’ design for housing, has perhaps failed to … READ FULL STORY
The Reserve Bank of India’s (RBI’s) governor, Urjit Patel, on August 2, 2017, pointed out that slow clearances are affecting affordable housing projects at the state level. “I think we need a time-bound single-window … READ FULL STORY
The Reserve Bank of India (RBI), in its third bi-monthly monetary policy review for 2017-18 on August 2, 2017, slashed its benchmark lending rate by 0.25 per cent to six per cent. This rate … READ FULL STORY
An inter-ministerial Central Sanctioning and Monitoring Committee (CSMC), chaired by Housing and Urban Affairs (HUA) secretary Durga Shanker Mishra, on July 24, 2017, approved a first-of-its-kind affordable housing project on private land, after detailed … READ FULL STORY
The headwinds of a slower market, combined with demonetisation and RERA, have had an impact on the number of homes launched in Pune, according to the ‘Pune Residential Realty Report for January-June 2017’ by … READ FULL STORY
The implementation of the Real Estate (Regulation and Development) Act (RERA) and GST, are likely to spur consolidation in the sector, which presents an opportunity for Tata Housing to expand its portfolio, the company’s … READ FULL STORY
The International Finance Corporation (IFC), a member of the World Bank, has planned an investment of around USD 5-6 billion, over the next five years in India, for participating in the country’s climate change … READ FULL STORY
A first-of-its-kind, voluntary, private sector-led initiative, the Sustainable Housing Leadership Consortium (SHLC), has launched a ‘greenhomes’ campaign that will work towards mainstreaming green homes in India. The aim, is for at least 20 per … READ FULL STORY
Over the past few decades, real estate has emerged as an important investment asset. However, this investment, depends on healthy capital appreciation over a long-term period. Real estate also tends to be illiquid and … READ FULL STORY
