Category: Chennai

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

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 […]

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

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

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

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 […]