The Real Estate (Regulation and Development) Act (RERA), has been implemented with the purpose of enhancing transparency, mitigating information asymmetry and applying a uniform ‘code of conduct’ for developers across various states. It seeks … READ FULL STORY
Mayur Shah, an NRI from Boston, wanted to invest in a residential house in India. His first choice naturally, was his hometown of Ahmedabad. However, he was advised by the local agents to instead … READ FULL STORY
Residential real estate sector In 2016, about 89,000 residential units were launched across the six major cities in India, which is 34% less than the units launched in 2015. Out of the total new … READ FULL STORY
On November 8, 2016, the Government of India de-notified currency notes of Rs 500 and Rs 1,000 as legal tender. The temporary shortage of cash adversely impacted several sectors that depended on cash, notably … READ FULL STORY
Genuine buyers in the residential real estate market, appear to be holding back their purchase plans, on hopes that the interest rates would fall further and the property prices would plunge, post demonetisation, which … READ FULL STORY
A vast majority of home buyers (as many as 74%), dismiss the possibility that recent policy changes, could lead to price corrections in the housing market. In fact, prospective buyers and sellers across the … READ FULL STORY
Ever since the demonetisation of old currency was announced by the union government, the Indian real estate industry, has been trying to ascertain the cost-benefit analysis of its impact. Those who suggest that a … READ FULL STORY
In mid-2015, a report predicted a 50% crash in real estate prices. The logic used, was that the rental yield on real estate is very low as compared to the interest rates on bonds. … READ FULL STORY
With the government finalising the tax structure for the goods and services tax (GST), home buyers now seem concerned that the GST may increase the price of under-construction flats, which are expected to come … READ FULL STORY
