Although developers have publicly welcomed the Real Estate Regulation Act (RERA), there seems to be definite concern, as the deadline for its implementation by states, by May 1, 2017, fast approaches. With numerous projects … READ FULL STORY
With Maharashtra setting up a regulator in accordance with the Real Estate (Regulation and Development) Act (RERA), it joins a small community of states that have notified their respective realty regulators to be set … READ FULL STORY
PropTiger.com, on April 26, 2017, released the findings of its ‘Realty Decoded Report’ for the January-March quarter of the financial year 2016-17 (Q4, FY17). As per the report, the real estate sector in India … READ FULL STORY
Union Minister, M Venkaiah Naidu, on April 20, 2017 exuded confidence that states would meet the deadline of notifying the real estate rules, with only 10 days left for the implementation of the Realty … READ FULL STORY
With the Real Estate Regulation Act (RERA) set to be implemented from May 1, 2017, state governments and consumer activists are actively discussing the rules that could protect the home buyer’s interests. While the … READ FULL STORY
Given that the real estate sector has mainly relied on refinancing to meet debt servicing obligations, owing to the negative cash flows, it is unlikely to witness a revival in sales in FY18 and … READ FULL STORY
In an exclusive interview with Housing News, Boman Irani, secretary of the Confederation of Real Estate Developers’ Associations of India (CREDAI), explains that regulatory changes, such as the passing of the Real Estate Act, … READ FULL STORY
Addressing the realtors’ apex body CREDAI Conclave, Union Housing and Urban Poverty Alleviation Minister, M Venkaiah Naidu, on March 6, 2017, expressed concern over the skyrocketing land prices in some cities and said it … READ FULL STORY
1. Global capital flow into Indian real estate will increase further India was ranked fourth in developing Asia for FDI inflows, as per the World Investment Report 2016 by the United Nations Conference for … 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
The demonetisation drive, announced by prime minister Narendra Modi on November 8, 2016, was a major disruption for the real estate market and pulled stakeholders’ sentiments for Q4 2016 to a new low – … 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
Developers The union budget provided a significant boost for affordable housing, by granting it an industry status and all the listed real estate stocks reacted positively. However, whether these incentives will entice the developers … READ FULL STORY
