The status of the real-estate sector signifies the health of an economy as it accounts for almost 7% of the GDP and employs around 15% of the total workforce with a multiplier effect on 270 ancillary industries. The second-largest employer in the country is expected to touch a market size […]
Recovery In Real Estate Leaves A Positive Effect On Sales Of Affordable Homes: Survey
The COVID-19 pandemic affected the residential property market during the April-June period last year but sales have improved in affordable homes segment since July onwards, reflecting economic recovery in the real estate sector, according to the Economic Survey. The National Housing Bank’s (NHB) Housing Price Indices (HPIs) are a broad measure of movement […]
Slashed Real Estate Premiums Will Generate Economic Activity To The Tune Of Rs. 10 Lakh Crore In MMR: CREDAI MCHI
Maharashtra government’s decision to reduce real estate premium by half is expected to generate economic activity worth Rs 10 lakh crore in MMR, real estate industry body Credai MCHI has said. CREDAI MCHI also estimates that the premium reduction will help residential real estate new launches make a comeback in […]
Real Estate Expects Something Big In This Year’s Budget
Hit hard by the Covid pandemic and the subsequent lockdowns, the nation’s real estate sector is betting big on this year’s budget for revival of fortunes. Given that the sector contributes more than 8% to the Indian economy, it has justifiable expectations from the Budget 2021. Industry experts say this […]