While overall market sentiment for purchasing residential property remains weak, there is enough interest for new launches from organised developers with a strong execution track record, finds an ICICI Securities’ report
The entire land parcel, whose existing land use is residential, can support five million sq ft of built up area
Mumbai attracted the highest investment inflows at Rs 6,100 crore, followed by Pune and Delhi-NCR, the Cushman & Wakefield report said
Mumbai is the most expensive prime property market in India, followed by Delhi and Bengaluru.
The real estate developer will launch four towers initially, while the remaining six towers will be opened depending on demand.
At the city-level, Mumbai continued to be the most-preferred destination for overall PE investments, seeing nearly 38 percent of the total capital inflows in 2018
Homebuyers ought to be wary of developers who may try and increase the base price for non-affordable housing units to make good the loss on account of input tax credit being denied to them
Residential segment investments accounted for a 29 percent share of the total while industrial and warehousing segment constituted 6.2 percent of the annual investment flows.
Elections in 2019 may keep fresh project launches in check considering the uncertainties developers may face relating to timeliness of regulatory approvals for projects
Number of new launches more than double in Delhi NCR; stable prices likely to push sales momentum in 2019
As per estimates, average property prices remained largely static across the top 7 cities in 2018. At the pan-India level it saw only 1 percent increase
In the list of 22 Asian real estate markets that have investment potential, Mumbai was ranked 13th, while Bengaluru and New Delhi grabbed the 16th and the 17th spots
commercial real estate in key metro cities witnessed an increase in absorption leading to a fall in vacancy as supply continues to play catch up
Property prices in secondary market reduced by as much as 5-10% over primary market
Houses near the workplace or walking distance from a Metro, houses with modern glass doors sans grills, and essential amenities rent faster
Demand early possession, quality construction, delay compensation and no increase in super area
While the government charges 8% GST for houses up to 60 sqm, stamp duties too should be reduced or eliminated to make houses affordable
Delhi Metro phase IV and Delhi-Meerut section of RRTS also receive in-principle approval
DDA approving amendments to Master Plan 2021 is not enough. All civic agencies need to come on board and revise the layout plans of colonies taking into account details of the current population and their civic requirements
Homebuyers have requested that the regulations clearly lay down that the ‘first meeting of creditors’ would mean the first meeting of creditors after the coming in force of the regulations.
Puravankara Ltd, a Bengaluru-based real estate company, has launched a resale assistance programme with benefits for registered users
HomeKraft to invest over $300 million for development of affordable and mid-income housing across India with a mix of internal accruals, debt and private equity funds
Under the policy, agencies will develop infrastructure on the pooled land and return a portion of the plot to the farmer who can execute housing projects with the help of private builders.
There can be a resolution to buyers’ problems ‘soon’ if they insulate themselves from people who are spoiling their cases
The Ordinance provides significant relief to homebuyers by recognising their status as financial creditors