We believe that the government will continue its focus on infrastructure, housing, manufacturing and rural economy as a lot still needs to be do done on all these fronts.
Loans given to real estate companies rose to Rs 2.01 lakh crore in June 2019, from Rs 1.05 lakh crore in June 2016, the RBI said in the Financial Stability Report released on December 27.
Net Sales are expected to decrease by 6.1 percent Y-o-Y (down 5 percent Q-o-Q) to Rs. 1945.3 crore, according to Edelweiss.
The Act also does not offer any solution to project delays on account of authorities delaying environment paper work or any penalties on such authorities.
Property consultant Knight Frank India and FICCI today released its real estate sentiment index, based on a quarterly survey of key supply-side stakeholders, which include developers, private equity funds, banks and non-banking financial companies (NBFCs),
Financial sector experts believe lenders would gain extra comfort in extending loans to homebuyers under the new real estate law, which came into force from May 1.
According to Sunil Mishra, Chief Strategy Officer at PropTiger.com, Union Budget 2017 has been cautious while the standalone sector being the real estate.
The real estate sector is likely to witness further consolidation as property sales and demand have been affected post demonetisation, according to realty consultant JLL India.
"The retail segment in 2016 witnessed more than USD 0.7 billion of investment by PE firms and wealth funds and saw the entry of 19 new global brands into the country," CBRE said in a report.
Out of the total PE inflow, Rs 13,500 crore was investment through pure equity while the rest was through different structures of debt. Even in terms of pure equity, 2016 saw an impressive increase of 29 percent (year-on-year).
"No. Nothing," he replied when asked if he thought that the government needs to do something as some argue that real estate and gold are among the biggest generators of unaccounted wealth.
Asserting that sales in A-class real estate sector have been about 75 percent of the average, Ajay Piramal of Piramal Enterprises rubbished concerns of demonetisation have a big impact on realty.
It is estimated that real estate transactions account for one third of all black money transactions in India - so when Prime Minister Modi made the demonetisation announcement, it was assumed that land property prices would fall. However, real estate experts and developers believe this will not be the case, at least in Mumbai.
In its latest report on Private Equity investments in Real Estate (PERE), C&W said that "the year to date (till September 30) inflows in 2016 increased 22 percent to Rs 28,300 crore billion (USD 4.24 billion), up from Rs 23,200 (USD 3.6 billion) recorded during the same period last year".
JLL did not disclose the amount invested in Foyr.com -- a technology platform for visualising real estate space. But it expects three more investments this year and 10-15 in the next 12-18 months.
"As against the net revenue achievement of Rs 1,475 crore in the fiscal 2015-2016 during the first six months from April to September, this year during the same period the corresponding figure is Rs 1,935.30 crore," S Narsinga Rao, Principal Secretary to the Chief Minister, was quoted as saying in an official release.
The Road Transport and Highways Minister also announced that pending work on the 18-km Dwarka Expressway in the National Capital Region will start in the next 3-4 months.
"The real estate sector is set to become a 180 billion dollar industry by 2020," National Housing Bank (NHB) Managing Director and CEO Sriram Kalyanaraman was quoted as saying in a CII statement.
Owing to policy measures taken by the government, India has improved in global rankings in terms of transparency in real estate sector in Asia Pacific, says a report
With an aim to make REITs more attractive to investors, markets regulator Sebi plans to relax its norms to allow these Trusts to invest more in under-construction assets and have a larger number of sponsors
It has been a big week with parliament approving a real estate regulatory authority bill. 10 years after it was first envisaged, India's watchdog for the real estate sector is now a reality. Prime Property brings you the highlights of real estate regulatory bill.
Real estate sector has witnessed an investment of about USD 10 billion since 2015, the highest in last seven years, mostly in debt form that poses a high refinancing risk if housing sales remain slow, the Economic Survey said today.
After coming into power, the Narendra Modi government had introduced Real Estate Investment Trusts (REITs) and Infrastructure Infrastructure Investment Trusts (InvITs) to ensure liquidity for realty and infrastructure developers.
The realty sector is just emerging from a prolonged and painful slowdown, and is looking for all and any signs of light at the end of the tunnel.
Elated at being honored with two awards for her significant contribution to the real estate sector, Neha Hiranandani, Director, House ...