The real estate sector is facing a major challenge due to the lockdown. The problems started four years ago with demonetisation, which sucked a lot of liquidity out of the system; however, it introduced a lot of transparency in the dealings. The government then introduced GST to bring further reforms […]
Is It Worthwhile For The Homebuyers To Wait In The Hope Of Property Prices Falling Further?
The covid-19 crisis has hit the residential real estate sector hard. Prices of properties across some of the costliest cities such as Mumbai have corrected at least 10-15%, according to various reports. Also, sales in the first half of 2020 declined 49% across the top seven cities compared with the same period last year, […]
Sun May Finally Shine On Realtors: Govt. May Permit 100% FDI in Finished Housing Projects
India is reviewing its foreign direct investment (FDI) policy for the real estate sector to see if 100% overseas investment can be allowed in completed projects. If implemented, this will allow real estate companies to monetise completed projects amid the ongoing liquidity crisis aggravated by the Covid-19 pandemic, thus helping […]
COVID-19 Effect: Pandemic Will Speed Up Consolidation In The Realty Sector, Big Builders Stand A Chance To Benefit
COVID-19 has led to inflows from both new and already booked sales having been adversely impacted and increased the stress levels on developer cashflows. This is expected to further accelerate the ongoing consolidation of the sector with larger, more established players gaining increased market share, an ICRA analysis has said. Sectoral […]