The real estate experts, who took part in a Singapore property show held from November 19 to 20, also said that the Non Resident Indians are also settling down with extended families, another lesson from the pandemic that living together with family members is much helpful in facing another COVID-19 wave type development in the future.
They are not only selling dream houses but boosting trust in the category. Meet the realtor-creators.
While there are some women who may have inherited the real estate business from their fathers, there are others who have proved their mettle and moved up the ranks.
The association in a statement said that the primary market is funded by banks and financial institutions which are all regulated entities. As such, cash component is not an integral element of the primary market.
Prime Minister Narendra Modi's Lok Sabha constituency Varanasi along with holy cities of Amritsar and Ajmer has made it to the list of 27 smart cities announced.
Gaurav Karnik, Partner & National Leader - Real Estate & Infrastructure, EY India, said "Real Estate Bill will bring greater transparency, timely completion of projects, reduction in fly by night operators in the sector".
"Its a good initiative by the government. Satellite towns around these smart cities will be good opportunity for the real estate development especially affordable housing," CREDAI President Getamber Anand said.
Banks in India lend towards cash flows and not equity. State Bank of India chairman and managing director Arundhati Bhattacharya says: "We cannot be expected to lend against land just on the basis of the value of the land."
NGT also said all builders must develop green belt around projects and the final clearance will be sunject to that. Further, cases of non-compliance and violations will be penalized.
Further, the government or authorities will regulate entry of vehicles at NCR borders. The National Green Tribunal has also directed authorities in Delhi, Haryana and Uttar Pradesh to submit details of vehicles plying on city roads.
Shares in realtors gained after Finance Minister Pranab Mukherjee proposed allowing external commercial borrowings for low cost housing projects below Rs 25 Lakh.
Speaking exclusively to CNBC-Tv18, Sandeep Madan, an HNI, says that that urban real estate holds an allure for the HNI community and offers good opportunities for them to invest in.