Since 2015, the mix of investments from fresh annual household savings has reversed in the favour of financial assets
Sales exceed number of units launched across India over the last 18 months.
Several Development Authorities and House Boards undertake residential development. While comprehensive data is not available yet but we can safely assume that most of these Government bodies wouldn’t have registered so far.
The residents are unable to get the deemed conveyance of their building as they also do not have an occupation certificate. This has forced several of them to live in an unsafe building by risking their lives
Compared to the developer and the banker, the customer is perhaps the worst placed in the Jaypee-NCLT case and to expect that he should continue to discharge his EMI obligation while the developer has not delivered the housing unit, is grossly unfair
It anticipates that breakthrough disruptions – regulation, finance, customers and technology are likely to have positive insinuations on the sector and will facilitate a new ecosystem which will be more conducive
As of now, the incumbent Government's 'Housing for All by 2022' vision seems a bit Utopian.
The residential market witnessed a 17 percent decline in the number of new launches since the second half of 2016 with 40,600 new units introduced in the first half of 2017 in prime cities.
Age gap between CBDs and SBDs is widest in Mumbai and Delhi-NCR
While there is no specific provision under RERA that allows states to extend the time period for registration for three months, most of them are doing so by interpreting the penalty clause
Under RERA, it may be inappropriate for interim authorities to continue after the one-year deadline that expired on April 30, 2017 but courts cannot strike down decisions taken by interim authorities appointed before May 1, 2017
The progress till now has been excrutiatingly slow and its progress will depend on ramping up existing urban infrastructure, fast tracking approval processes and targeting the actual beneficiary.
NBCC Environment Engineering Ltd in discussion with the smart cities department and is assisting municipal corporations as project management consultants
Real estate and banking experts anticipate the home loan interest rate to hover around 8 percent once the banks decide to pass on the benefit to consumers.
Most states have not followed the the central government's RERA guidelines in law and spirit.
Besides minimising the scope of benami transactions, the new system is expected to ensure foolproof property titles for buyers.
Buyers are now more than ready to purchase properties on an immediate basis rather than wait for construction to be completed.
Mere laying of slabs to simply filing an application for completion certificate before notification of rules enough to keep ongoing housing projects in some states out of the purview of RERA
Buyers are distraught with the diluted version of UP RERA rules as it leaves most old projects outside the ambit of the act
Over 200 developers and more than 90 agents have registered so far. More likely to follow
Tamil Nadu, Madhya Pradesh and Gujarat submit the maximum proposals under PMAY(U); UP, Rajasthan, Maharashtra need to do more
With the revival in Indian residential real estate well underway, it is pertinent to turn our attention to formats which have been in high demand at every given juncture.
Soaring capital values, rentals and imminent REITs launch induce visible focus realignment
Here are some tips to sell your house quickly.
They are hand-holding small and medium developers to complete unfinished projects and even go the extra mile to sell unsold inventory on their behalf.