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, […]
7 Of These 8 Cities Will Keep Drawing Big Real Estate Investments
More than 80 percent of India’s real estate resides in the top 8 cities of India: Mumbai MMR, Delhi NCR, Bengaluru, Chennai, Hyderabad, Pune, Kolkata and Ahmedabad. Historically, these cities have driven commerce and growth in India through burgeoning sectors like IT/ITES, financial services and age-old presence of manufacturing, and […]
Will It Be Wise To Invest in Property After Lockdown?
Due to the COVID-19 pandemic, an economic crisis engendering high volatility in the capital markets is leading to investors losing their hard-earned money, at least for the time being. Most of the sectors have been badly affected due to the COVID-19 economic crisis. According to analysts, property prices after have declined […]
One Year of Modi 2.0: Real Estate Sector witnesses long-term initiatives But Steps To Boost Housing Demand Is Missing
When the Modi government took over for the second time last year, the performance of the real estate segment was muted owing to the prevailing liquidity crunch, high inventory overhang, weak affordability and subdued demand conditions. However, interest rate cuts and focus on affordable housing, not to mention the creation […]
Corona Virus: CREDAI Communicates With PM, Asks For Instant Relief For Real Estate
The Confederation of Real Estate Developers Association of India (CREDAI) on Monday in an open letter to Prime Minister Narendra Modi sought immediate measures to revive the real estate sector. “In this distressful situation arising out of the COVID-19 calamity, we in the real estate sector seek immediate relief for our survival,” […]
Rescuing Real Estate: Corona Shock Can Only Be Tackled If The Developers Undertake Bold And Agile Action
India’s residential real estate market has been battling multiple headwinds recently. The government-backed system clean-up through RERA, GST, demonetisation and the Benami Transaction (Prohibition) Act significantly impacted the housing sector. According to Knight Frank data, sales volume dropped by 10–15%, and new launches nosedived by 25-35% between 2014 and 2019, […]