Month: January 2020

Slashing Prices In Real Estate Sector Will Clean Up The Balance Sheet of Banks: Economic Survey

The residential property market is reeling under huge unsold housing stocks because of issues like stalled projects and delayed possession, but inventories can be cleared if real estate developers take a haircut and reduce apartment prices, according to the Economic Survey. The balance sheets of banks and non-banking financial companies […]

Unfinished Apartments Reveal India’s Economic Downfall, Stressful Banking System and Jittery Customers

Wish Town was once a sought-after destination for India’s aspiring middle classes seeking a slice of the “good days” promised by an ambitious Prime Minister Narendra Modi when he swept to power more than five years ago. Now, it’s a symbol of lost hope. A sprawling 1,063-acre property development located in Noida, just […]

25 New Realty Hotspots Will Be Bolstered By Metro Road Projects

International property consultants Knight Frank India on Wednesday released a report that identified 28 locations that are expected to be new real estate growth hotspots, benefitting from connectivity and infrastructure development of Mumbai Metro and road development projects currently underway. The India Urban Infrastructure Report assesses the real estate impact […]