RERA Let Down Customers Whose Housing Projects Stuck After 5 years: Home Buyers Forum

On June 7, 2021June 7, 2021 By smc

The Forum for People’s Collective Efforts (FPCE), a group that campaigned for the enactment of the Real Estate (Regulation and Development) Act, said the regulation has failed to meet the expectations of scores of homebuyers whose investments were stuck in ongoing housing projects. Enacted five years ago, RERA covered both […]

COVID-19 Second Wave Slashes Housing Sales By 60% In April – May 2021

On May 27, 2021May 27, 2021 By smc

The second wave of the COVID-19 pandemic has battered the real estate sector with housing sales declining by 60% and new launches dropping by 53% in the month of April, according to a report by Edelweiss Research. Demand dropped 60% MoM in April 2021 as the country battled the second […]

Financial Strain Experienced By Real Estate Developers In The Times Of COVID-19

On April 12, 2021April 12, 2021 By smc

The real estate sector was caught in a conundrum last year with flattening demand, a challenging funding environment, and increasing compliance-based costs. The onset of the pandemic exposed the fragile financial health and business models of real estate developers in India. The financial health of developers in the preceding 12 […]

Home Buyers Preferred Ready-To-Move Homes In 2020

On February 15, 2021February 17, 2021 By smc

The share of ready-to-move-in (RTMI) homes in the total housing sales in the primary market of the top 8 cities rose to 21 per cent in the pandemic-hit 2020, from 18 per cent in the previous year, as home buyers preferred completed apartments to avoid the risks attached with under-construction […]

Home Owners In South India Are Amongst The Most Serious Sellers In India’s Real Estate

On February 4, 2021February 9, 2021 By smc

With South India leading the revival in India’s real estate market, homeowners of Bangalore, Hyderabad, and Chennai have emerged as the most serious sellers, revealed the latest consumer data of Magicbricks’ Owner Services. As demand for residential real estate gradually gathers momentum across the country, consumer data also suggests that […]

With 63% Share Bengaluru & Chennai Top The Branded Housing Supply

On December 4, 2020December 4, 2020 By smc

South Indian cities Bengaluru and Chennai top the branded housing supply compared to other markets such as NCR, Kolkata and Mumbai. Of the total 15,020 units launched in Bengaluru in 2020 till September, a whopping 63% is by branded developers. In Chennai too, out of the total new launches of […]