Real estate developers have been able to sell only 45 per cent of luxury homes (priced above Rs 3 crore) launched during the last three years, with investors still shying away from putting money in premium properties due to lower returns, according to PropTiger data. Housing brokerage firm PropTiger, which […]
SBI Chairman Urges Real Estate Companies To Keep Bank Account Standard And To Clear The Inventories
State Bank of India Chairman Rajnish Kumar on Saturday exhorted real estate firms to keep their bank account standard, clear inventory as soon as possible and improve perception about the business. While plain-speaking to the real estate players, Kumar said course correction has to be undertaken by the industry if they want […]
Real Estate Sector Continues to Receive Setbacks With Moderate Home Prices
The residential real estate sector continued to suffer from low demand and large inventory overhang last year, a Reserve Bank of India study has said. With new launches of residential projects declining, reflecting the large inventory overhang, all India house price levels had moderated as of end-December, it said. While […]